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Does it mine bitcoin well?
by nintendo1889 5y ago
Does it mine bitcoin well?
- cosmotic 5y agoI'm sure an ASIC would best the M1.
- judge2020 5y agoNot Bitcoin but Ethereum https://9to5mac.com/2021/11/10/m1-pro-macbook-pro-cryptocurrency-mining/ https://9to5mac.com/2021/11/10/m1-pro-macbook-pro-cryptocurr... M1 Pro -> 5.8 MH/s, with a 17w draw, means $12.82 a month profit. I don't imagine the M1 Ultra is too much better, maybe 20 MH/s at absolute most, but we'll see. It definitely won't be as economical as 3070 or 3080 FE cards at current profitability levels.
- vmception 5y ago& $.10 per KwH, many residences are often higher but professional operations are closer to $.03 per KwH or sometimes even zero or negative also note that mining calculator they used assumes 2 Ether per block paid to miners In Ethereum it can be much much higher because people pay to use that blockchain. Mining can be insanely profitable and I’m not aware of any calculator that shows it. Everyone is operating on bad data. A cursory look right now shows latest blocks having 2.52 Ether in them, which is 26% greater yield. Block 14348267 a few minutes ago had 4.83 Ether, 140% greater yield There have been prolonged periods of time, weeks and months, where block rewards were 6-9 Ether. Miners were raking it all in while the calculators said “2 Ether” All this to say it could probably make $20-30 a month.