As the crypto economy hovers just under $2 trillion in value, application-specific integrated circuit (ASIC) mining devices are making decent profits. While ASIC miners can still mine ethereum, a 1.5 gigahash (GH/s) Ethash mining device can rake in $51.58 per day in profits. SHA256 bitcoin miners that can process at speeds up to 110 terahash, can obtain $13.74 per day in bitcoin profits.
The price of bitcoin (BTC) is still down roughly 40% since the crypto asset’s all-time high (ATH) and ethereum(ETH) has lost 37% against the U.S. dollar since the cryptocurrency’s ATH. Despite the drop in value, bitcoin and ethereum miners are still making decent profits as both networks have seen their hashrate reach ATHs in 2022.
Bitcoin’s hashrate has been running high above 200 exahash per second (EH/s) and Ethereum’s hashrate is 1.12 petahash per second (PH/s). In mid-April 2022, the most profitable crypto asset to mine between both leading crypto assets is ethereum.
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