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In 2023, is it suitable to use miners to mine or buy coins?

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

Bitcoin Miner - Whatsminer M10 Evaluation

Bitcoin Miner - Whatsminer M10 Evaluation

The Whatsminer M10 launched by BitMicro is said to have a hash rate that is 3 times higher than that of similar miners under the same power consumption, and it still maintains significant gains during the current period.

Whatsminer M10

About miners

Silver-white alloy shell with blue logo, well-regulated cuboid, regular size for ASIC miners (390*130*220), simple yet connotative, compact, sturdy and beautiful, coupled with fully enclosed air ducts, front and rear dual cooling fans design. Let me show you the internal structure of the miner.

miner fuselage         miner's parts

power parameters

The inside of the miner consists of three hash boards side by side.

miner's hash boards

We pulled out one of the hash boards.

M10 hash board

The entire hash board consists of 105 such small chips arranged. The chip arrangement interval is sparse from right to left, and its purpose is to improve heat dissipation efficiency. Because the fan is at the right end, the wind passes from right to left, and the wind's heat is relatively low at the right end so that the chips can be arranged relatively densely. As the heat increases, the heat dissipation pressure on the left end increases, so the arrangement distance of the left end gradually increases to reduce the heat dissipation pressure, which is a very scientific design.

QA1800 chip

The chip used by Whatsminer is QA1800.

Mining pool settings

As shown in the figure below, the test is performed below to connect the network cable and turn on the power supply.

miner ports

Under the same network, use a computer as the control terminal, open the "Whatminer tool" (download link) provided by WhatMiner, select "Detect Miner IP," click "Start," and then long-press the "IP" of the miner Found" button for about 5s, the software can obtain the IP address of the miner.

IP address

Enter the miner's IP in the browser, access the miner management  backstage, and set the mining parameters in "CGminer configuration." Pool 1 information can be selected from the default mining pool, or you can click "custom" to enter a custom mining pool.
During the evaluation process, F2Pool was selected as the primary mining pool information, and the mining pool address was set to: stratum+tcp://stratum.f2pool.com:25
Enter the username of the F2Pool fish pond in the Pool1 worker. Then, click "save&apply" in the lower right corner to start mining.

mining pool setting

Test data

miner data

The 16nm FinFET Compact chip can achieve a hash rate of 33TH/s±5% and then look at the power consumption, 2145W±10%, and the average power consumption per T is 65W.
This is a rapid performance improvement compared to the previous Whatsminer M3's 28nm198*SMiT1700 chip and 170W/T power consumption.
We use several mainstream miners on the market for comparison.
Miner
Whatsminer M10S
Whatsminer M10
Antminer S9
Innosilicon T2
Avalon A9
Hash rate
55T
33T
13T
17.2T
20T
power Consumption
3575W
2145W
1300W
1570W
1700W
Power consumption per T
65W/T
65W/T
100W/T
91W/T
85W/T
Judging from the data that the power consumption per T is consistent with the Whatsminer M10, which is 65W/T, we can speculate that the Whatsminer M10S should increase the number of chips internally. The power consumption of a single miner exceeds 3500W, which puts forward higher requirements for the power supply and distribution standards of mining farms.
The following data is the average value obtained after the miners run for 24 hours. The indoor temperature in this test is about 30~33 degrees.
According to actual measurement, the 24-hour average hash rate of Whatsminer M10 accessing the mining pool is 34.6T, the actual power consumption is about 2350W, and the average hash rate power consumption per T is 68W. Therefore, according to the current mining difficulty, when each kWh of electricity is 0.1USD/kWh, the daily income of miners can reach about $2.75.

average hash rate
M10 power consumption

Summary

1. The design of the miner is compact and sturdy. The hardware and backstage operating system have been optimized to improve the mining efficiency and operational stability. As a result, it is suitable for all cryptocurrencies using the SHA256 algorithm.
2. The measured data is within the fluctuation range of the official parameters. Therefore, the unit power consumption of 65W/T should be considered good among miners with the same algorithm at this stage.
3. According to the official parameters and the average market electricity price, the daily net income of a single miner is about 2.75$.
4. The noise and heat dissipation of miners are the same as the industry average.

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