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Jazz Miner X41U: Two-Week Profitability Review
Welcome back to the Hobbyist Miner channel where we explore the exciting world of crypto mining! Today, we will be delving into the profitability of the Jazz Miner X41U after operating it for two weeks straight.
Ethereum Classic and the Jazz Miner
Unlike most content creators who default their miners to Ethereum, we decided to take a detour by mining on Ethereum Classic with the Jazz Miner X41U. You may ask, “Why Ethereum Classic?” It’s more of a fun speculation to see the potential of the Jazz Miner after the Ethereum merge. With everyone talking about the expected Ethereum merge, we took this as an opportunity to gauge its impact on the Jazz Miner performance with Ethereum Classic.
Over the past 19 days, we analyzed the profitability per day, per month, and projected the yearly earnings while mining on Ethereum Classic. We’ve also compared these figures with Ethereum to determine the most profitable option at the moment.
Relocating the Jazz Miner
But there’s more to this story. Our Jazz Miner, unlike most, is no longer residing in our traditional mining room. The reason for this is quite fascinating. Mining units are notoriously noisy and the Jazz Miner is no exception. During operations, the noise level rises significantly *- so much so that it becomes almost unbearable when you’re trying to have a conversation or participate in a meeting nearby. As a result, we had to move the Jazz Miner to a more acceptable location – the garage.
Operational Stats of the Jazz Miner
Monitoring the Jazz Miner in operation, it consumes about 305 watts. Interestingly, the louder the ASIC miner, the warmer it becomes, and the Jazz Miner was, indeed, emulating significant heat. However, the garage provided enough ventilation that the heat didn’t pose any problems.
Mining Profitability of the Jazz Miner
Now, down to the critical question – the profitability of the Jazz Miner X41U. Based on our experiment, we’ve been mining at a hashrate of 672 mega hashes, consuming about 310 watts of electricity, over 19 days. The total earnings amounted to $244.28. This translates into an average earning of $12.86 per day or around $385.71 per month, without factoring in electricity costs.
However, these figures vary hugely when operating the miner on Ethereum. For Ethereum, the daily income escalates to around $20.41, which projects to a whopping $7449.65 per annum! This means you can recover your investment on the Jazz Miner within a year.
A Closer Look at Ethereum Vs Ethereum Classic
As of May 2nd, Ethereum has fluctuated significantly over the last few days, making its future unpredictable. However, assuming Ethereum can continue to be mined for the next year, you can expect to break even with the price of Jazz Miner. But in the realistic world of trading, Ethereum is likely to become more difficult to mine, reducing profitability.
But that’s not the end. In the likeliness of Ethereum transitioning to proof of stake, you still have Ethereum Classic as a stable and profitable option. Based on our metrics, you can earn about $12.86 per day or $4,600 annually by mining Ethereum Classic.
The Final Takeaway
Investing in a Jazz Miner, ultimately, is a personal choice based on individual financial situations and risk tolerance. The current metrics indicate a profitable scenario, especially with Ethereum. However, the rapidly changing landscape of Ethereum makes these figures susceptible to drastic changes in the coming months.
Regardless of these uncertainties, knowing that Ethereum Classic remains a constant back-up, mining with the Jazz Miner X41U could prove to be a fruitful venture. With proper planning, careful monitoring, and strategic execution, miners can uncover massive potentials within this dynamic domain.
Enjoy mining and stay tuned to the Hobbyist Miner Channel for more mining explorations and insights!