You chose the uncompromising power of an ASIC above the adaptability of a GPU system after witnessing the two great paradigms of mining gear combined. As a result, we will assist you in selecting the mining ASIC that best matches your cryptocurrency project to be mined.
Is it better to mine with GPU or ASIC?
Without evaluating power usage and efficiency, a comparison of ASIC mining vs GPU mining is inadequate. Although GPUs consume more power than ASICs, ASICs are more energy-efficient. ASICs outperform GPUs in terms of hash rate while consuming less energy.
Are ASIC miners worth it in 2022?
Mining will be economical in early 2022. Of course, the profit margin is determined by the cost of power. The lower the price of power, the higher the profits. The current approximate profitability for 6x AMD RX 6800XT with a $0.15 electricity bill is shown here.
How much can an ASIC miner make?
In February 2022, one Bitcoin mining machine (often referred to as an ASIC), such as the Whatsminer M20S, makes around $12 in Bitcoin income each day, depending on the price of bitcoin.
The Ratio of Hashing Power / Electrical Consumption
ASICs, unlike GPU setups, are offered in a single block with their own power supply. As a result, you won’t have to worry about the specifics of the computer components that comprise an ASIC.
ASIC is an acronym for Application-specific integrated circuit, which is built especially for a single task: performing hash computations for a single algorithm. As a result, you should be aware that your ASIC cannot be used for anything else.
Its computational capacity (or hash rate) will thus be an important factor to consider when selecting your mining ASIC.
You must also decide which cryptocurrencies you want to mine before purchasing an ASIC, as they are limited to a single Proof of Work (PoW) algorithm. For example, an ASIC specialized in the SHA256 algorithm will only be able to mine Bitcoin (BTC) – or potentially Bitcoin Cash (BCH), which employs the same method – but not Ethereum (ETH) or Litecoin (LTC), which require ASICs specialized in other algorithms – in this case, Ethash and Scrypt.
Another critical consideration is the power consumption (in Watts) of your prospective ASIC, as these specialized devices consume a lot of energy. Overall, the more modern and ASIC model is, the better its production/consumption ratio is expected to be. However, this should not prevent this data from being checked: the more the ASIC uses, the more its energy costs, ironclad logic!
The ASIC’s operational noise (decibels/dB) must also be considered because to say that ASICs are loud is an understatement. Even if sound reduction methods are available, your ASIC will almost certainly require a dedicated room (preferably soundproof).
Which criteria to take into account when picking an ASIC Miner:
Hardware: The “hardware” of your mining setup is made up of many ASIC devices that are all networked together. In hardware, speed, efficiency, and electrical optimization must all be considered.
Motherboards: Because it links all of the other parts of hardware, the motherboard is the most critical component. The motherboard you select is determined by the equipment you want to employ.
Power: The ASIC miner need power to operate. The amount of the power supply required is determined by the number of devices to be powered.
Central Processing Unit (CPU): The CPU is in charge of coordinating the ASIC and other rig components. As a result, a sound processor is essential for the system to function properly.
Frames: The frame is the linchpin in the construction of a compact system. More robust frames frequently require fewer repairs. The size, on the other hand, is determined by the number of miners that will be installed.
We will use three examples from well-known ASICs to assist you to pick and applying the aforementioned criteria.
These ASICs are all from the Chinese company Bitmain’s Antminer line, although be aware that other manufacturers, such as Canaan and its AvalonMiner ASICs, exist.
The Antminer S9 is now an entry-level ASIC with a low price tag.
This ASIC has devoted itself to mining the SHA256 algorithm, which allows it to mine Bitcoin (BTC) and its forks, such as BCH and BSV. But be wary of Bitcoin Gold (BTG), whose PoW is under a different algorithm (Equihash).
The S9 has a hashing capability of 16Th/s (Terahash per second) and consumes 1280W of electricity.
It is also worth noting that its operating noise is 76 decibels.
The Antminer T17e is one of Bitmain’s most current ASIC models, hence its price is higher (1155€ on the Mining du Coin shop), even if there are more efficient and more costly machines.
The T17e is similarly devoted to the SHA256 algorithm used by Bitcoin, but its hash rate is substantially higher: 53Th/s. It consumes 2915W of electricity. Because this ASIC type is more modern, it should be noted that the hash rate/consumption ratio is substantially better than the S9. Because the consumption is only 2.3 times greater for a 3.3-fold increase in computer capacity.
The operational noise level is also somewhat greater, hovering around 80 dB.
The Antminer Z11, unlike the previous two, is devoted to the Equihash algorithm, which is employed by the PoW of numerous cryptocurrencies, including Zcash (ZEC), Bitcoin Gold (BTG), and Komodo (KMD), to mention a few.
Instead of hashes/s, the computational power of this method is expressed in sol/s ( SOLutions per second ). With a power of 135 KSol/s, the Z11 is therefore one of Equihash’s most powerful ASICs.
It has a power consumption of 1418W and a sound rate of 70 dB.
As we’ve seen, selecting your mining ASIC isn’t as simple as it appears at first look. Because, while it is not required to select the many internal components of the ASIC, its production-to-consumption ratio is critical to ensuring profitability. Without it, the cost of creating bitcoins can swiftly fall below that of power.
ASICs change swiftly as well, and unlike mining rigs, ASICs are not recyclable in other fields once they become obsolete. However, mining ASICs remain by far the most powerful machines now available for creating PoW-based cryptocurrency.
How do ASIC Miners machines generate money?
A mining device employs strong processors to solve the intricate riddles required to protect and validate blockchain transactions. You gain awards and are compensated in crypto-currency for contributing some of the required global hash power. Then you may decide whether to keep the coins or trade them for other coins or money.
What are the disadvantages of mining?
Most machines consume a lot of electrical energy, generate a lot of heat, and make a lot of noise. You must select your machines based on your tolerance for these three parameters.