We will calculate Antminer DR5 profitability with mining Decred in 2019. We will also calculate the future price of Decred (DCR) which will affect the profitability of Antminer DR5.
About Antminer DR5
Antminer DR5 is an efficient Blake256R14 algorithm Miner from Bitmain. It can produce hash rate of 34Th/s for the power usage of 1800W. Also, Miner can be used as a Home miner as it produces a Noise level of 76db. Furthermore, The miner was released in December 2018.
About Bitmain
Bitmain is a private company based in Beijing, China founded by Jihan Wu and Micree Zhan in 2013. The company manufactures high-grade ASIC chips and bitcoin and altcoin miners. They also operate one of the largest pool known as ‘Antpool’. Bitmain is criticized because of dominance over cryptocurrency mining. Last year in 2017, Bitmain generated $3 – $4 billion in profit.
About Decred (DCR)
Decred is an open-source cryptocurrency similar to Bitcoin which was launched in 2016 by Bitcoin developers. Furthermore, Bitcoin Developers engineered Btcsuite in Go language which was later implemented in Ethereum, Factum, and BitGo.
Antminer DR5 Profitability
The profitability of Antminer DR5 is calculated with the current price of Decred (DCR). Antminer DR5 can produce a maximum hash rate of 34Th/s for a power usage of 1800W. Lets calculate the profitability of Antminer DR5 with current DCR Price.
Currently, Decred is trading at a price of 18.78 USD as of Jan 09, 2019. If Antminer DR5 is producing a hash rate of 34Th/s it can give an income of $11.02 – Electricity cost = $5.40. So with this miner, you can generate a profit of $5.40 daily, $162 monthly and $1945 yearly.
Budget – First and foremost thing to purchase anything is budget, the product must fit your requirement. Ask such questions – Are you a beginner?, How much you want to mine?. We have a wide range of mining machine and as a beginner, you should choose the one which needs less configuration. Antminer is best for beginners as it provides a simple web interface for home miners. Before buying any ASIC machine you should be aware of the risks involved in cryptocurrencies.
Hash Rate – It’s all the block reward. Hash rate is measured in the hashes per second. More the hash rate bigger block reward you will receive.
Efficiency – Efficiency is more important than the hashrate. If electricity cost is more than the hashrate there will be a loss. Your mining profitability depends on the electricity sot of your miner. So always select a power efficient miner for your mining operation.
Brand – Bitmain is the lion of the market and it is very difficult for its competitors to sell products in such kind of dominance. The Beijing-based ASIC Miner manufacturing company Bitmain bought $1.1 in net profit in the first quarter of 2018. Bitmain is the inventor of the ASIC machine and R&D plays a very significant role in the success of Antminers. Bitmain has cracked many ASIC-resistant coins such as Zcash which make this brand more superior than others. Other than Bitmain there are other big ASIC players in the market such as HalongMining and Innosilicon.
