If a miner is able to successfully add a block to the blockchain, they will receive 6.25 bitcoins as a reward.
The reward amount is cut in half roughly every four years, or every 210,000 blocks. As of January 2022, bitcoin
traded at around $43,000, making 6.25 bitcoins worth nearly $270,000.5
In 2020, one modern Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $8 in Bitcoin revenue every day.
The average lifespan of a well-kept, maintained machine can be around 3 to 5 years. Nevertheless, if you keep ASICs
in harsh or poor conditions, they can deteriorate in as little as a few months. Contrarily, taking good care of an
ASIC miner can prolong their lifespan for more than 5 years.
ASIC mining machines are typically more expensive, louder, and more power intensive than GPU machines. But they
generally require less maintenance and offer more efficient power use.
Generally, each ASIC miner is constructed to mine a specific digital currency. So, a Bitcoin ASIC miner can mine
only bitcoin. One way to think about bitcoin ASICs is as specialized bitcoin mining computers, or “bitcoin generators,”
that are optimized to solve the mining algorithm.