Rhode Island Chronicle

The market of Ethereum Classic is improving, comprehensive analysis of mining machine income

Among the many interesting price movements in the crypto market this month, the top cryptocurrency that stands out is Ethereum Classic (ETC), which rose more than 50% in the week ending the day on Sunday, March 20.

On March 21, Ethereum Classic was ranked 30th among cryptocurrencies, with a market cap of over $8 billion and a 24-hour exchange volume of over 3 billion. Many believe that ETC will be a good option for the next few years.

“Merge” is an expected update ahead of the arrival of Ethereum 2.0, which seems to be approaching. Along with that, the end of the Proof of Work (PoW) consensus mechanism will also be changed by Proof of Stake (PoS). In light of this, Ethereum Classic reiterates that its path is still in PoW.

Financial watchers expect Ethereum Classic to outperform the broader crypto market this year based on ETC’s encouraging trading pattern against the U.S. dollar. Therefore, Ethereum miners who are currently excluded from the ETH generation process will “welcome” to continue mining ETC through the ETHhash algorithm.

It seems that mining ETC is the next wealth-making myth has become a consensus that miners in the Ethereum field increasingly agree with. Next, let’s compare several mining machines that can mine ETC on the market to see how their earnings perform.

First of all, let’s look at the well-known JASMINER X4 High-throughput 1U server.Supports ethash and etchash algorithms. Its hashrate is 520MH/s±10%. Currently, it can output 0.00080802 ETC per M per day. Therefore, the total daily output is 0.42017040 ETC. , at a price of $43.76, about $18.39 per day can be produced. The largest part of daily mining expenditure is electricity consumption. The power consumption of 1U server is only 240W±10%. When the electricity fee is set to 0.047 USD/kWh, the daily power consumption of 1U server is only 5.76 kWh. Then the daily electricity bill is $0.27. Taken together, the daily net income of mining ETC with the JASMINER X4 High-throughput 1U server can now reach $18.12.

The second ETC mining machine is the Greatwolf Miner B1+, which has a hashrate  of 378MH/s±10%. Currently, it can output 0.00080613 ETC per M per day. Therefore, the total daily output is 0.30471714 ETC. At a price of $43.76, about $13.12 can be produced per day. The power consumption of Greatwolf Miner B1 is nearly 1450W. When the electricity bill is set to US$0.047/kWh, the daily electricity consumption of B1+ requires 34.8 kWh, so the electricity consumption per day is US$1.64. Taken together, the daily net profit of mining ETC with Greatwolf Miner B1+ can now reach $11.48.

Finally, let’s look at the performance of the new ETC mining machine iPollo V mini Classic ETC Miner. Its hashrate  is 130MH/s±10%, and the current daily output per M can be about 0.00080802ETC. Therefore, the total daily output is 0.1050426ETC. At a price of $43.76, about $4.61 per day can be produced. The power consumption of the V mini is 104W±10%. When the electricity cost is set to US$0.047/kWh, the daily electricity consumption of a 1U server is about 2.34kWh, so the electricity cost per day is US$0.11. Taken together, the daily net profit of mining ETC with iPollo V mini Classic ETC Miner can now reach $4.5.

Overall, the JASMINER X4 High-throughput 1U server is far ahead of other ETC mining machines on the market in terms of revenue performance with high hash rate and low power consumption. With ETC halving and ETH 2.0 coming, the rapid rate of user interaction with Ethereum Classic’s growing network is likely to complement price growth and make ETC a permanent fixture in investors’ portfolios over the next few years.

Media Contact
Company Name: JASMINER
Contact Person: Panda Hou
Email: Send Email
Phone: 400-022-3866
City: Beijing
Country: China
Website: www.jasminer.com