Rising prices in the crypto sector boost mining profitability

Prices on the cryptocurrency market have risen significantly in recent weeks. Bitcoin (BTC) was still trading at USD 80,700 on April 11, 2025, but has seen a remarkable rise to USD 104,200 as of today, May 11, 2025.

Ethereum (ETH) also benefited greatly, rising from USD 1,540 to USD 2,560 within a month.

The higher prices have a direct impact on profitability in the mining sector. For example, the Bitmain Antminer S21e XP catapulted to third place among the most profitable miners, as it currently generates around USD 50 in Bitcoin per day.

However, the price rally is not limited to Bitcoin and Ethereum. Dogecoin (DOGE) has risen from USD 0.16 to USD 0.24 and is therefore well on its way to its last annual high of USD 0.40. The situation is similar for Litecoin (LTC), which climbed from USD 74 to USD 104. Dogecoin and Litecoin can be operated with the same miners, with the VolcMiner D1 Hydro at USD 44 per day and the Elphapex DG2 at around USD 30 per day currently representing the most profitable options.

The new coin ALEO also recorded a price increase from USD 0.14 to USD 0.25 within the last month. Here, the Goldshell AE Max continues to lead the profitability charts, but in the long term the IceRiver AE1 Lite could be the better choice due to its lower power consumption of 500 watts compared to 3600 watts.

Mining hardware manufacturers are expected to raise the prices of their devices significantly in the near future to reflect increased profitability.