Whatsminer M50 Profitability and Price Guide

The Whatsminer M50 is the flagship model in MicroBT’s latest Bitcoin mining ASIC series, the M50 series. MicroBT released the M50 in April 2022. In this article, we will take a closer look at the M50's profitability, price, features, and specifications of the Whatsminer M50.

What is the Whatsminer M50?

The Whatsminer M50 is a Bitcoin mining ASIC that delivers a hashrate between 110 TH/s and 120 TH/s. Its energy efficiency of 29 J/TH makes it one of the more power-efficient miners currently available on the market, but it lags behind the other two M50 models (the M50S and M50S+) and Bitmain’s latest model, the Antminer S19 XP.

By comparison, the Whatsminer M50S+ can produce 136 TH/s with an efficiency of 24 J/TH. The M50S delivers a hashrate between 120 and 130 TH/s, and it has an energy efficiency of 26 J/TH. The Antminer S19 XP, which has a hashrate of 134 TH/s and 140 TH/s and an efficiency of 21.5 J/TH. An older Whatsminer model, the M30s++, has a hashrate of 110 TH/s, 112 TH/s, 114 TH/s and efficiency of 31 J/TH.

Whatsminer M50 price: How much does the M50 cost?

At the time of writing, the Whatsminer M50 trades for ~$18/TH (so $1,980-2,160 per rig). Like others in the M50 series and the Antminer S19 XP,  the M50 carriers a premium to older, still-viable bitcoin mining machines like the M30S++ and S19j Pro, though the M50’s premium is smaller than the S19 XP and M50S/M50S+ because its hashrate and efficiency gains are not as substantial compared to rigs like the M30S++ and S19j Pro.

Bitcoin mining ASIC prices are always in flux. If you want up-to-date prices, you can track prices weekly on Hashrate Index’s ASIC Price Index page.

Whatsminer M50 profitability: How much does the M50 make?

Hashprice is a metric that Bitcoin miners can use to measure earnings potential for their Bitcoin mining ASICs. Hashprice measures how many dollars (or how much BTC) a Bitcoin mining rig can earn per terahash of compute power each day.

At the time of writing, a 110 TH/s Whatsminer M50 can earn $8.50 a day, and a 120 TH/s Antminer S19 XP can earn $9.27. (To calculate this income potential, you take the current hashprice ($0.07773 per TH/s per day at the time of publication) and multiply it by the mining rig's hashrate. To calculate daily earning potential for this model and other rigs, please visit Hashrate Index's Hashprice Index, or you can check out Hashrate Index's Rig Page to see daily revenue which is automatically calculated.

It is important to note that hashprice calculates revenue, not profit. To calculate profit, miners need to factor in the cost of electricity (and cooling, among other expenses).

Whatsminer M50 firmware

The Whatsminer M50 currently only supports MicroBT's stock firmware and does not have any third-party firmware integrations available.

Firmware for MicroBT machines requires tuning for each individual ASIC chip on the mining rig’s hashboards, a herculean technical task that has kept third-party providers from releasing firmware for MicroBT hardware.

Is the Whatsminer M50 worth it?

The Whatsminer M50 is a powerful and energy-efficient mining rig that would be suitable for most Bitcoin miners. It's not as powerful or efficient as the Antminer S19XP or the Whatsminer M50S+ or M50S, but it'll get the job done, especially for miners with average or lower-than-average power costs.

Overall, the Whatsminer M50 is a top-notch mining device that offers advanced technology and robust performance for miners looking for a powerful and energy-efficient mining rig.