Bitcoin mining profitability exceeded 50% per annum in September.
According to calculations based on data from data center operator Intelion, mining profitability remained high in September despite increased network difficulty and a stronger ruble.
Top-end ASIC miners have delivered over 50% annual returns for investors. We explore which devices were the most profitable and what factors determined profitability last month.
Which ASIC miners generated the most profit?
According to Intelion, the Antminer S21 line of equipment still leads the ranking of the most profitable devices. Even with the increase in difficulty, most devices yield an average of 4% per month, making mining one of the most profitable alternative investments.
Top 5 devices for BTC mining profitability
The Bitmain Antminer S21 XP 270 TH/s has held the lead in Bitcoin mining output for several months. However, it didn't make it into the top five in profitability due to its high price. According to Intelion experts, maximum hashrate doesn't guarantee high profitability.
“Choosing equipment with optimal price and efficiency is more important than maximizing hashrate,” the report states.
Most models saw their returns decline by 0.6-0.8%, but Intelion experts believe this decline could be the result of a natural leveling process as network complexity increases.
How macroeconomics has impacted BTC mining profitability
In September, the Bitcoin (BTC) exchange rate fluctuated between $108,774 and $116,880, with an average of $113,020. The ruble strengthened slightly against the dollar, averaging at 82.97.
“For miners, this meant one thing: ruble revenue remained predictable. With the Bitcoin exchange rate stable and the dollar depreciating, profitability didn't decline, meaning a comfortable income level was maintained even as network difficulty increased,” the experts noted.
Compared to August, mining profitability has decreased slightly. According to Intelion estimates, top-end models generated up to 60% annual returns in the previous month.
Let's sum it up
September confirmed that the mining market is becoming more predictable. Despite increasing network complexity, properly selected energy-efficient equipment continues to generate returns significantly outpacing traditional financial instruments.
When choosing mining equipment, you should first and foremost pay attention to the optimal balance between price and device performance.
Earlier, it was reported that Russia plans to ban cryptocurrency mining in data centers.
Источник: cryptocurrency.tech
