Profitability of ASIC Miners Right Now

Hey everyone, I heard that there are only 6 ASIC miners making a profit right now among all the ones out there. Keen to hear your thoughts on this.

not true. longer answer is 3.4 x 24 = 78 kwatts per day. at 5 cents a kwatt power cost is 3.90 at 10 cents a kwatt power cost is 7.80 so at ten cent power cost it is pretty much true but at five cent power cost it is not true. Also the s17 can use after market firmware to do 40 th at 1000 watts thus it will burn only 24 kwatts or around $2.40 while earning about $3.28

I thought the picture was talking about mining farms, not equipment. It is not possible to calculate the profitability of a device because there are many factors such as depreciation rate, price, mining pool, electricity cost, remaining costs, and other expenses (taxes, cooling, etc.), so it is not possible to determine profitability by comparison as mentioned above.

Are you talking about the netprofit? It always depends on your Electricity rate and the price of the unit if you have free power I'm sure that list will be changed but don't use nicehash as your profit calculator because sometimes they change the profit to attract to mine on their pool. I suggest check asicminervalue.com and scroll down to the bottom and change the electricity rate the list is changing every time you change the electricity rate because it is sorted by profitability.

It's true based on the electricity cost you entered or I believe it's the default, a bit of math like the one phill did above shows 10 cents per kWh is the number used in the image you posted, also the website seems to be using the default/stock clocking, which makes it a tiny bit inaccurate, but generally correct, anyone who pays 10 cents or above is having a hard time making any profit using any other ASIC miner other than the ones you listed.

Nicely worded. ---------------------------------- The problem for bigger farms is when did they agree to buy the newer gear. We got a few s19's dirt cheap 2500 plus shipping and trump tax they were under 3600. No worries for them. But if you got s19s after Jan 2021 prices were very high and that gear is not paid off. So I would venture to say many players are stuck with a ton of s19's that barely service the debt they are still in. If we drop to 12-13k and stay there 60 days diff will tank. We are seeing the evidence that miners are struggling just look at current diff summer heat may play a role since usa has been a bit warm.

Great answers, thank you for it.