In 2023, is it suitable to use miners to mine or buy coins? In recent years, with the increasing popularity of blockchain technology and the rapid development of digital currency, more and more people have joined the team of mining and buying of coins. In 2023, for most people, choosing to use a miner to mine or buy coins will be a critical decision. Advantages and disadvantages of miners High power consumption, high cost, and high technical requirements are the salient features of miners' mining. But at the same time, miners also have a stable income from mining and have the advantage of controlling the speed of block verification. Here are a few viable Bitcoin miners and their profitability in 2023. Antminer S19 Pro is a miner produced by Bitmain , which is very popular in the market. It is equipped with 114 BM1398 ASIC chips , which can achieve a faster and more stable mining experience. It is estimated that the average daily income of this type of miner in 2023 will exceed 120
Which is better to compare ASIC miner, GPU miner, CDN miner?
Which is better for ASIC miner, GPU miner, CDN miner? Mining machines are the mining tools we often use, and there are many kinds of miners on the market now, such as ASIC miners, GPU miners, and CDN miners that are more common nowadays, so what are the unique features of these miners? I believe everyone is interested, so let's take a look together.
Miners can be classified in a variety of ways. In terms of hardware, they can be divided into ASIC miners, GPU miners, FPGA miners, and Wanke cloud CDN miners. It can be divided into local miners and cloud miners according to ownership.
Miners can be classified in a variety of ways. In terms of hardware, they can be divided into ASIC miners, GPU miners, FPGA miners, and Wanke cloud CDN miners. It can be divided into local miners and cloud miners according to ownership.
Double spending for miners: ASIC miners and GPU miners
First of all, mainstream currencies such as Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Litecoin (LTC), and Dash (DASH) generally adopt the PoW consensus mechanism and contribute to the hash rate to maintain the safe and stable operation of the network, and obtain reward coins from this, miners with the most powerful performance are needed. But for the algorithms of different currencies, two different miners have been subdivided: ASIC miners and GPU miners.
When Satoshi Nakamoto created Bitcoin, he hoped that Bitcoin would be a decentralized currency for use and transactions and mining. However, with the increasing value of Bitcoin and other cryptocurrencies, mining has become an industry, competition is becoming more and more fierce, and the pursuit of mining hash rate is getting higher and higher, so mining from ordinary computers, then ASIC miners and GPU miners have evolved.
In fact, in mining equipment, some currencies are mined by ASIC miners, and GPU mines some. What is the basis for the division? We found that almost all coins mined with ASIC miners are SHA256, while the algorithm for GPU mining is different. For example, the algorithm for BTG is Equihash, and the algorithm for BCD is optimized X13. Although it is not absolute, it can be simply considered that ASIC miners generally mine the coins of the SHA256 algorithm. The coins of other algorithms use GPU miners, but there are exceptions. For example, Litecoin of the Scrypt algorithm was previously mined by GPU miners, but later the Scrypt algorithm was also defeated by ASIC chips. For example, Antminer L3+ is an ASIC miner used to mine Litecoin.
ASIC miners refer to miners who use ASIC chips as the core of the hash rate. It is an electronic circuit (chip) specially designed for a specific purpose. For example, some mining factories have designed ASIC chips specifically for calculating Bitcoin's SHA256 algorithm, and the miners who use them are ASIC miners. Since ASIC chips are only built for specific calculations, their efficiency can be much higher than general-purpose computing chips such as CPUs. For example, the current mainstream Antminer L7 is an ASIC miner. It uses 288 BM1485 chips, has a hash rate of 9500MH/s, and consumes only 3425W.
GPU miners refer to miners who use GPU graphics cards as the core of the hash rate. Cryptocurrencies such as Ethereum and Bitcoin Diamond use graphics algorithms, so the calculation speed with graphics cards will be the highest. Compared with ASIC miners, GPU miners are better known to the general public because they are computers with enhanced graphics card configurations.
The purpose of GPU miners is to make money, so they must pursue a power consumption ratio and maximum profit. Therefore, the choice should pay attention to cost performance. Generally, high-end graphics cards, such as AMD RX560 and RX570, have high power consumption ratios and are good choices for GPU miners. On the other hand, while flagships such as GTX1080Ti and AMD Vega64 have the most robust single-card performance, the price and power consumption are not considered cost-effective.
When Satoshi Nakamoto created Bitcoin, he hoped that Bitcoin would be a decentralized currency for use and transactions and mining. However, with the increasing value of Bitcoin and other cryptocurrencies, mining has become an industry, competition is becoming more and more fierce, and the pursuit of mining hash rate is getting higher and higher, so mining from ordinary computers, then ASIC miners and GPU miners have evolved.
In fact, in mining equipment, some currencies are mined by ASIC miners, and GPU mines some. What is the basis for the division? We found that almost all coins mined with ASIC miners are SHA256, while the algorithm for GPU mining is different. For example, the algorithm for BTG is Equihash, and the algorithm for BCD is optimized X13. Although it is not absolute, it can be simply considered that ASIC miners generally mine the coins of the SHA256 algorithm. The coins of other algorithms use GPU miners, but there are exceptions. For example, Litecoin of the Scrypt algorithm was previously mined by GPU miners, but later the Scrypt algorithm was also defeated by ASIC chips. For example, Antminer L3+ is an ASIC miner used to mine Litecoin.
ASIC miners refer to miners who use ASIC chips as the core of the hash rate. It is an electronic circuit (chip) specially designed for a specific purpose. For example, some mining factories have designed ASIC chips specifically for calculating Bitcoin's SHA256 algorithm, and the miners who use them are ASIC miners. Since ASIC chips are only built for specific calculations, their efficiency can be much higher than general-purpose computing chips such as CPUs. For example, the current mainstream Antminer L7 is an ASIC miner. It uses 288 BM1485 chips, has a hash rate of 9500MH/s, and consumes only 3425W.
GPU miners refer to miners who use GPU graphics cards as the core of the hash rate. Cryptocurrencies such as Ethereum and Bitcoin Diamond use graphics algorithms, so the calculation speed with graphics cards will be the highest. Compared with ASIC miners, GPU miners are better known to the general public because they are computers with enhanced graphics card configurations.
The purpose of GPU miners is to make money, so they must pursue a power consumption ratio and maximum profit. Therefore, the choice should pay attention to cost performance. Generally, high-end graphics cards, such as AMD RX560 and RX570, have high power consumption ratios and are good choices for GPU miners. On the other hand, while flagships such as GTX1080Ti and AMD Vega64 have the most robust single-card performance, the price and power consumption are not considered cost-effective.
Emerging power: CDN miners
With the birth of Xunlei Wankeyun, a new type of miner appeared. The appearance of a CDN miner, an ASIC miner, and a GPU miner is very different, just the appearance of a router and a TV box. Thunder Game Cloud uses a unique consensus mechanism, not by contributing hash rate but by contributing network bandwidth and storage space for mining. The performance is not so strong long as a small box is enough.
In addition to Xunlei Wankeyun, there are also similar miners such as flow treasure boxes that flow ore. In addition to the big difference in size and performance of miners, CDN miners are more meaningful from the perspective of environmental protection and contribution to society because ASIC miners and GPU miners consume a lot of power energy, using such a vast amount of power and hash rate to maintain a network is a bit wasteful. While CDN miners are different. The network bandwidth and storage space contributed by users are directly used to improve network conditions, which is good for society and consumes less electricity.
The future development direction of cryptocurrency and miners should reduce resource consumption. This is also one of the reasons why new currencies such as Ethereum and the newly forked LBTC are gradually deviating from the pure PoW consensus mechanism and exploring other consensus mechanisms such as PoS.
In addition to Xunlei Wankeyun, there are also similar miners such as flow treasure boxes that flow ore. In addition to the big difference in size and performance of miners, CDN miners are more meaningful from the perspective of environmental protection and contribution to society because ASIC miners and GPU miners consume a lot of power energy, using such a vast amount of power and hash rate to maintain a network is a bit wasteful. While CDN miners are different. The network bandwidth and storage space contributed by users are directly used to improve network conditions, which is good for society and consumes less electricity.
The future development direction of cryptocurrency and miners should reduce resource consumption. This is also one of the reasons why new currencies such as Ethereum and the newly forked LBTC are gradually deviating from the pure PoW consensus mechanism and exploring other consensus mechanisms such as PoS.
Forgotten by history: FPGA miners
In addition, there is a kind of FPGA miners, miners using FPGA programmable chips as the core. Simple science popularization of FPGA is a hardware substrate, equivalent to a piece of white paper; what kind of program you want to achieve what kind of function is written into it. Compared with chips designed for specific purposes such as ASICs, they are much more flexible. However, the higher the flexibility, the lower the efficiency. Therefore, the hash rate performance of FPGA miners is not as high as that of ASICs. Therefore, a famous FPGA miner appeared in 2012. Unfortunately, there are very few similar products after about half a year. The market forgot them. However, although FPGA is not as efficient as ASIC miners in calculating SHA256, it can be used for Scrypt calculations and can be used to mine coins for GPU miners. Perhaps there will be a day of re-emergence in the future.
The integration of blockchain and cloud technology: cloud miners
Finally, let's talk about cloud miners. It is not at the same level as the several miners mentioned above. Cloud miners are relative to local mining and can be compared to an online disk and a local hard disk. Simply put, you can use other people's miners to mine remotely through the network without miners. It can be a cloud application or a leased hosting service. Cloud mining service providers provide miners, networks, operation, and maintenance services. At the same time, users only need to pay a certain amount of rental and hosting service fees, decide which cryptocurrency mines to mine, and then wait for the money to be collected. As for the cumbersome process of buying miner and maintenance, you don't have to worry about it at all, and the investment can be large or small, ranging from several hundred dollars to thousands of dollars.
Cloud miners can be ASIC miners, GPU miners, or CDN miners mentioned earlier, but the rights and usage methods are different. The ownership of cloud miners does not belong to you, but the miners leased to you.
Cloud miners can be ASIC miners, GPU miners, or CDN miners mentioned earlier, but the rights and usage methods are different. The ownership of cloud miners does not belong to you, but the miners leased to you.
Which is better to compare ASIC miner, GPU miner, CDN miner?
In summary, ASIC miners, GPU miners, and CDN miners are three miners divided by hardware structure. In contrast, cloud miners are classified according to other categories and are not suitable for comparison. But to intuitively give them a table, I hope to give you an intuitive understanding.
Comparison of characteristics of several mainstream miners | ||||
Compared | ASIC miner | GPU miner | CDN miner | Cloud miner |
Minable currency | BIC, BCH, DASH and other SHA256, Scrypt algorithm currencies | ETH, ZCash, XMR, and other currencies that adopt algorithms such as Equihash | CDN sharing platform dedicated currency such as Wanke currency, LLT | In theory, all coins can be |
core | ASIC chip | GPU(graphics card) | TV box-like hardware (Android system) | It contains the first three |
Consensus mechanism | Pow, mining by contributing hash rate | Pow, mining by contributing hash rate | PoD, etc. mining through shared bandwidth and storage space | It contains the first three |
Power consumption | High, usually a miner from a few hundred W to thousands of W | Very high, usually thousands of W power consumption per miner | Very low, power consumption is generally less than 20W | It contains the first three |
Investment/operation difficulty | High | High | Low | Very low |
Space occupation | Big | Big | Small | No space occupied |
The content of this article is from the Internet, compiled and edited by ZEUS MINING.
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