ASIC Miner ROI Definition
The term “ROI” simply means “return on investment.” The number of days between when you buy the miner and when you earn enough money to cover the cost of the miner is called return on investment (ROI). Every investment has a return on investment.
Return on investment (ROI) is a performance metric used to assess an investment’s efficiency or profitability, as well as to compare the efficiency of many investments. The crypto mining ROI (Return on Investment) aims to directly evaluate the amount of profit made on a given investment in relation to its cost.
How to Calculate ASIC Miner ROI?
The crypto mining ROI calculator enables calculating crypto mining profitability based on hashrate, power consumption and costs simple and straightforward. For the best crypto miner, the default inputs are preloaded with the most recent cryptocurrency difficulty target and crypto mining hashrate.
Two simple measures can be used to calculate the return on your investment (ROI). Select your miner and compare results against a variety of electricity prices. The machine’s return on investment is about a year. However, the length of time depends on the cost of purchasing and operating the ASIC.
Return on Investment (ROI) = (Gain from Investment – Cost of Investment) / Cost of Investment
Return on investment (ROI) = Time until release date + Delivery time + Days to break-even
ROI = initial purchase price / net monthly income = how many months left until ROI
The benefit (or return) of an investment is divided by the cost of the investment to compute crypto mining ROI. A percentage or a ratio is used to express the result. This ratio calculates a Bitcoin miner’s expected return in months. It can be either a positive, negative or zero value. Profit is a POSITIVE ASIC miner ROI. An investment’s return on investment (ROI) is a simple and quick approach to determine its success.
Example for Calculating ROI
The ASIC miner is Whatsminer M30S with the hash rate of 86 TH/s and the power consumption of 3268 W. Assume that coin earnings are around 14/TH, and that we will be paying 6/kW for power. The cost of the purchase is $3,000 USD. At the time of purchase, below is a rough estimate of how long the ROI will take:
Revenue = $0.14/TH * 86 TH * 30 days = $361.20
Costs = 3.268kW * 24 hours * 30 days = 2352.96 kWh
Consumed = 2352.96 kWh * $0.06/kWh = $141.18
Net Profit = Revenue – Costs = $361.20 – $141.18 = $220.02 Net Monthly Income
Estimated ROI = ($3000 / $220.02) = 13.635 Months Till ASIC miner ROI
Take into account that this method of calculating crypto mining ROI does not account for machine breakdown or predicted lifetime. Machine depreciation is influenced by the BTC market, as well as supply and demand, which are both volatile.
ASIC Miners for Good ROI
You must first find out the profitability of bitcoin mining before investing in the equipment. The bitcoin price, your ASIC miner hashrate, the Bitcoin network hashrate and electricity cost are the four most important aspects. Your geographical area contributes in measuring these factors. A perfect mining machine has a high hashrate while using nearly no electricity.
Antminer S19 J Pro
Bitmain’s Antminer S19 J Pro is currently the most profitable device for mining Bitcoin. It has a maximum hashrate of 96 TH/s and consumes 3250 watts of power. The crypto mining ROI is based on the current Bitcoin price, but the ROI is predicted to be 18 months, with a three-year profit of approximately $23,825.
Whatsminer M30S+ is a strong miner that uses the MicroBT SHA-256 algorithm and has a maximum hashrate of 100Th/s while consuming 3400W of power. It has a 16-month expected ASIC miner ROI and a three-year profit of approximately $26,134.
Antminer L7 is the most profitable and powerful ASIC miner, with a maximum hashrate of 9500 Mh/s and a power consumption of 3425W. It supports the SCRYPT algorithm. It has a 12-month estimated crypto mining ROI and a three-year profit of approximately $108,659.
Canaan Avalon 1246 Pro
The Canaan Avalon 1246 Pro is the most efficient ASIC miner, with a maximum hashrate of 85 TH/s and a power consumption of 3420W. It runs the SHA-256 algorithm and has a maximum hashrate of 85 TH/s. It has a six-month predicted ASIC miner ROI and a three-year profit of roughly $22,805. Three-year profit is calculated using 36 months of earnings at today’s rate.
The Antminer S19A is the most durable ASIC miner, with a maximum hashrate of 96Th/s and a power consumption of 3250W. It employs the MicroBT SHA-256 algorithm. It’s expected to pay off in 18 months, with a three-year profit of around $23,825.
The most crucial parameter to check for when choosing an ASIC miner for profitable crypto mining is Return on Investments (ROI). A method for calculating a crypto mining ROI has been demonstrated and applied to the current set of circumstances. It may assist you in multiple ways!
Blocklabs has a great offer on the most profitable ASIC miners with the best Return on Investments (ROI). Please visit the website and get in touch with us if you have any questions!