Bitcoin mining manufactures and pool operations have failed in great numbers over the last five years with companies like Butterfly Labs, Mining ASIC Technologies, BTC Guild, and Cointerra. At that time, machines manufactured by those companies only processed TH/s. Dec 01, · However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits). Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin . Jan 01, · Bitcoin mining manufactures and pool operations have failed in great numbers over the last five years with companies like Butterfly Labs, Mining ASIC Technologies, BTC Guild, and Cointerra. At that time, machines manufactured by those companies only processed TH/s.
Bitcoin asic miner manufacturersList of ASIC Bitcoin Miner Manufacturers - Bitcoin Forum
One of these drawbacks is that each ASIC is created for 1 or 2 algorithms. It cannot be re-profiled for other currencies, and if you want to start mining another coin, you will have to purchase new equipment.
Since the main goal of any miner is to make a good profit, the choice of an ASIC device must be taken seriously. The first step is to choose a hashing algorithm supported by the ASIC. It is SHA for mining Bitcoin. The power consumption of the ASIC is also an important feature. Keep in mind that the ASIC miner will have to run almost non-stop to ensure the highest possible profit. This means that the more power the ASIC uses, the more expensive your electricity bills will be.
Considering these costs, buying an ASIC may turn out to be unprofitable. If electricity is expensive, and the ASIC itself needs a lot of electricity, but the hash rate is already slightly outdated, the profit will be minimal if at all.
You also need to decide on the amount of money that you can afford to spend since the price of an ASIC will directly affect its performance and energy efficiency.
If your goal is to start mining cryptocurrency as soon as possible, you can buy from local online sellers. It is better to pre-order the ASIC miners from the manufacturer with delivery in a few months. At the moment, the number of available models from different manufacturers allows you to choose an ASIC to your taste and financial capabilities.
As we already mentioned, you can buy ASICs on the official websites of manufacturers and all kinds of online stores, including thematic ones dedicated to mining equipment. So, you have to choose what is more important for you — to get the ASIC within a few days after ordering, or in weeks, or even months. However, the miners can be quite outdated. Amazon marketplace is a similar thing to eBay. Here you can buy both new and used cryptocurrency miners at any price.
The growth of the rate, interest in mining returns, and the unsuccessful period in the market left many used devices in the secondary market. In China, electricity cost did not cover the minimum profitability, so thousands of inexpensive devices appeared on the secondary market. Typically, an ASIC on a secondary market has been used non-stop. If any problems occur with a new device, users are protected by a warranty. When buying used equipment, it may well be necessary to repair it.
The guarantee is not universal, especially when the intensity of exploitation is high, and the conditions are poor. In any case, this is temporary protection against possible problems in the early stages of using the ASIC.
Cooling problems and severe damages to chips in new miners occur four times less often than in used ones. In this case, a new ASIC can be returned under warranty. A used one will require investments in repairs. An important factor when using ASICs for mining cryptocurrencies is their payback. It means the period of time when the ASIC covers the costs of its acquisition and begins to make a profit.
This parameter will be different for each ASIC since it depends on its cost, processing power, and supported hashing algorithm. As a rule, the payback of an ASIC takes at least six months in case of the cheap electricity and an increase in the mined coin rate.
In reality, this period more often reaches 1. Even the best ASIC for mining has its advantages and disadvantages. There are some common pros and cons that indicate the overall ASIC mining process.
The reason is the fact that the first ASICs were invented in this country and the first mining equipment companies appeared. China has inexpensive components and cheap labor.
There are also ASIC manufacturers in other countries, but the production volumes are smaller. All in all, more than 30 different manufacturers from around the world now offer their ASIC equipment to miners. However, when choosing an ASIC for mining, it is better to stick to the latest models from the most famous and reliable suppliers. The company was founded in and, in a fairly short time became the leader in the mining equipment industry.
In addition, it owns the two largest mining pools BTC. Bitmain is primarily known in the world for its line of Antminer Bitcoin ASIC miners, which are considered one of the best devices in terms of productivity and return on investment. Canaan Creative is another Chinese company founded in ASIC Canaan miners are popular due to their ergonomic design, high-quality assembly, low noise levels, advanced cooling technologies, and a reasonably democratic pricing policy.
Cloud mining or remote mining is a model for mining cryptocurrency using remote hardware power. Cloud mining allows users to launch cryptocurrency mining without large investments and any technical skills. It is believed that the use of ACIS miners harms the entire crypto industry. The capacity of the ASIC is enough to create new blocks in a fairly short time. Many entrepreneurs create ASIC mining farms with huge profits.
This leads to the fact that most of the coins belong to a narrow circle of people and, therefore, centralization. The main principle of cryptocurrencies and blockchain implies the following fact — the more people own a particular coin, the more decentralized it is. So, the more this decentralization is, the more stable and efficient is the whole system. In order to prevent centralization, many blockchains are creating hashing algorithms that are resistant to the ASIC hardware.
For example, the developers of the anonymous cryptocurrency Monero make changes to the algorithm every six months. Traditionally, the announcement took place on Twitter of the Antminer line.
In the publication, the manufacturer showed the device, key characteristics, and the slogan — the future of mining. Also, the company employees noted that this is the third model in the 19 series based on a 7-nanometer chip. Antminer is proud to announce the new-generation AntminerT19 , the third model coming from the 19 Series. T19 is built with the same generation of customized chips as in S At the same time, S19 models are not available now, so in fact, the Antminer T19 is the most productive device from the models officially available on the market at the moment.
However, there are resellers on the market who are setting their own prices. However, the buyer will wait at least a month to get the equipment. Compared to the previous model T17, T19 has higher efficiency and earnings. If electricity costs 0. Thus, the payback period for the device is less than a year — days. In terms of energy efficiency and hashrate, the new device is slightly weaker than the Antminer S19 but costs almost the same.
It comes with a built-in power supply, like other high power miners. First step is to connect a power supply unit to mining equipment. Now you are ready to get connected to the mining pool. The noise level is 75 DB. The S19 hardware line was represented with two models — S19 and S19 Pro.
The company announced new hardware for SHA based coins back in February:. Announcing the Antminer S19 Series! The productivity of new mining machines is higher than that of its predecessors. Antminer S19 line has a new generation of chips with an upgraded architecture. New high-conversion efficiency power supplies APW12 are used. However, all the devices are sold out. There are also many resellers on the market. As you can see, resellers are selling equipment at twice the price.
It is necessary to mention the cost of delivery, which is paid separately. It is almost impossible to say exactly how long it will take to get the money spent on ASIC back in the current situation on the digital asset market. The online calculators of the mining profitability will help you to determine the daily profitability of the Antminer S19 Pro approximately.
The services make calculations based on the currently known characteristics of the new S19 models, the current rate, and the complexity of mining cryptocurrencies available for mining on this device. But if you intend to mine coins in pro volumes, you will feel the savings. Returns to the price of electricity. The first release of Antminer S7 came in Those days, it was the most effective equipment. The manufacturer recommends the additional use of a W power supply.
Currently, even if the user does not takes into account the worth of the device, but only the cost of electricity, he receives losses. Perhaps if the value of Bitcoin increases significantly, this equipment could be a bargain.
The equipment, emitted in , loses much in power to modern devices. Antminer S5 consumes only W and does not require an additional energy production. The device is possible to connect to a PC. Using only this mechanism, you will not get coins. The user needs special software and membership in a large Bitcoin pool. Even in the case of a sharp jump in the cost of Bitcoin, you are unlikely to get positive results.
Installation is only suitable for training. The brand was first introduced in In those conditions, this device was cost-effective. But already in , it was discontinued. The device has compact dimensions and a metal case. In general, the installation provides extremely low profitability in For a year you will not get even 1 USD. These efforts did not become in vain, because today, this miner is the most powerful and profitable among competitors. Given a great number of mining facilities, we understand how difficult it is to opt for any one installation.
The buyer needs to focus primarily on high efficiency and, of course, the price he can afford to pay for equipment. But consider the cost of paying for electricity. In most cases, you will lose half of your income or so to cover your bills. The product release came at the beginning of It is the flagship model of Bitmain. At the same time, energy costs are very high and equal to watts. Two hardware settings are available to you:. You can earn more than 0.
However, the required power for starting is lower W. Having a profit of more than 0. Of all three samples, this is the least powerful, but this does not mean that it is the least lucrative. The maximum power consumption does not exceed watts.
Subtract half for the payment of electricity. In the article, we mentioned Bitcoin pools several times. It is time to clarify what it is in more detail. Beginners who are just trying to get coins would not be able to achieve at least some results due to intense competition.
Therefore, they have only one way out — this is to combine their efforts. Such an association in the Bitcoin society is called pool. Even the most modern potent facilities will not provide anyone with the same power as professional data centers, which include many special expensive pieces of equipment. If the pool won the race for coins, all revenue is distributed among the participants in proportion to their contribution.
Now several large pools control the situation. Due to a large number of participants, the revenue of each of them will not be as significant as we would like. To recieve and store your bitcoins you have to know which bitcoin wallet to use better.
For practical mining of Bitcoins, each member needs not only a specialized installation but also additional equipment:. People may get significant profit from mining Bitcoins if they have a modern ASIC installation and cheap electricity. The situation changes daily due to the floating rate of all cryptocurrencies. Today on the market there are only a few advantageous offers among miners. If the price of Bitcoin rises, most likely, more and more new manufacturers will begin to develop and offer their versions of mining installations.
And an increase in supply will entail a reduction in prices. Then more players will be able to join the Bitcoin network. I am a crypto enthusiast. Bitcoin miner in I believe that blockchain technology is the future. My goal is to clarify the value of cryptocurrencies and blockchain in a free economy and security. Table of Contents. GMO Internet. Zhejiang Ebang communication. Sapphire Miner.
Avalon nano. Bitmain Antrouter R1. Antminer s7. Antminer s5. Antminer s EBIT E