crypto currency mining rig

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Between the hardware, the software and selecting a mining pool it took a bit more time than we thought it should. The tutorial below can take anyone from hopeful cryptocurrency miner to successful mining rig builder and miner. This is a multi-part series. This is what the GPU mining rig will look like when it is just about complete. They are both good technologies.

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Crypto currency mining rig

It's another expensive outlay, but one that could quickly pay off if you mine wisely. Shark Mining has another entry in this list of best mining rigs, this time with its Shark PRO mining rig. Like the Shark mini, this is a well-built device for mining that comes with a range of configuration options. It's an expensive rig, but the build quality and potential profit makes it a very tempting choice if you're serious about mining. The PandaMiner B5 Plus is a brilliantly put together miner that's compact and attractive, while also being excellent at making profits when mining for cryptocurrencies.

However, it is very expensive, and due to its popularity it can often be sold out. Luckily Pandaminer has a number of different models to choose from. The Corsair One has been among the best gaming PCs ever since it came on the scene a few years ago, and the Corsair One i only takes things to the next level with Nvidia Turing graphics and Intel Coffee Lake Refresh processors.

If you have the budget, then this is a brilliant mining PC, as it combines some of the latest, and most powerful, gaming tech, which in turn gives you phenomenal mining performance. If you also like to game, then this is a brilliant, but expensive, purchase. Read the full review: Corsair One i TechRadar pro IT insights for business. Please deactivate your ad blocker in order to see our subscription offer. Shark Mini A great compact mining rig. Warranty: 90 days. Reasons to avoid - Pricey - Warranty is short.

Alienware Area 51 Threadripper Edition Top-notch power comes at a cost. Reasons to avoid - Absolutely massive - Absurdly expensive. Bitmain S17 Pro High specs and efficiency. Reasons to avoid - Currently out of stock. Warranty: Contact MineShop for details. Reasons to avoid - ASIC mining rigs can be more complex to use. Reasons to avoid - Variety of ports can be confusing - High specs mean high price tag.

Shark PRO A great mining rig for professional miners. Reasons to avoid - Expensive. PandaMiner B5 Plus An excellent compact miner. Bitmain — Bitmain makes the Antminer line of Bitcoin miners. Bitmain is based in China and also operates a mining pool. BitFury — BitFury is one of the largest producers of Bitcoin mining hardware and chips.

Its hardware is not available for purchase. Power Supply — Bitcoin rigs need special power supplies to funnel and use electricity efficiently. Cooling Fans — Bitcoin hardware can easily overheat and stop working. Buy a sufficient amount of cooling fans to keep your hardware working. Backup generators — You may want generators as a backup in case your main source of electricity goes down.

You can find Bitcoin mining equipment for sale on eBay. Bitcoin is based on blockchain technology, a decentralized platform which takes power away from a central authority and gives it to the average person. Sensitive information is stored on the blockchain rather than large data centers, and is cryptographically secured. A vast amount of people, known as miners, all work together to validate the network, instead of just one person or government.

In the beginning, CPU s were used to solve cryptographic hash functions , until miners discovered that GPU s were far better equipped for mining. As block difficulty increased, miners turned primarily to GPUs. Their hashrates are significantly higher than anything GPUs are capable of. With stellar performance comes a high price tag — the best ASIC chips will run you a few thousand dollars each.

Upon creation, Bitcoin blocks were confirmed by the average person using their desktop — once ASICs hit the market, things changed. ASIC developers, including Bitmain, granted early access to large mining cartels rather than the average person. Nowadays, a large majority of Bitcoin mining takes place in China where electricity is cheap. Thousands of ASICs all mine simultaneously in a mining farm large warehouse.

Unfortunately, Bitcoin is no longer as decentralized as it was once intended to be. Buy Antminer S7 on eBay. The S7 is also a popular choice among hobbyist miners for its reasonable price and strong performance. The strong metal casing features a tongue and groove system which allows for the neat arrangement of multiple miners. The APW3 requires a minimum Volts to function and does not ship with the necessary 16A power cord. While an integral PSU makes for a compact and convenient miner, there are few other reasons to recommend such a setup.

The S7-LN also excludes a cord. Note: Before you buy an Antminer S7 make sure you already have Bitcoin mining software and a Bitcoin mining pool. These prices can be expected to fall further as the S9 and other superior mining hardware becomes the new standard.

With careful tweaking, it may be possible to profit from an S7 even at 15c power. The same calculations adjusted for the Hash Rate and Power consumption of the S7-LN produces slightly more encouraging results:. Naturally, the hotter the environment, the more energy the fan s will consume to cool the unit. The S7 is twice as efficient as the S5 at converting all this energy into bitcoins; it requires a modest 0.

Setting them up via the MinerLink GUI is a simple process, requiring only your mining pool credentials to begin mining. The units will automatically begin hashing upon powering up, which can be helpful in the event of power failure. S7 connectivity is via Ethernet only. They are both cooled by dual fans. A dry basement is an ideal location. This peak was reached on May 24 th Such tremendous growth has been spurred by major investment into Bitcoin mining technology and operations.

Profits have accumulated where mining is most profitable China , with the result that several competing operations eg. KNC have been forced out of the industry. We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars.

Even with free electricity we cannot see how they will ever get this money back. The same Chinese competitive advantage has been doubly effective at squeezing the profit-dependent hobbyist miner from the market. With the block reward halving looming, the profitability of all but the most efficient operations will likely be challenged.

Given that profits derived from the current generation of mining hardware are dwindling and will likely reach negative returns post-halving:. Can the new S9 change the game for smaller and hobby miners and restore their lost profitability?

Note: Before you buy an Antminer S9 make sure you already have Bitcoin mining software and a Bitcoin mining pool. The first batch of S9s will be available for order directly from Bitmain from the 12 th of June. However, the lower your electricity costs, the better your odds of the miner paying for itself within a reasonable timeframe. Judging value in this space is a complicated exercise, although it would appear that nothing vastly technologically-superior to the S9 is likely to be released in the near future.

The release cycle of a new generation of mining hardware every few months is likely to decelerate from this point on, as manufacturers have transitioned to cutting-edge 16 and 14nm designs. The on-going miniaturisation of semiconductors allows ever greater computing power and electrical efficiency, but the process cannot continue forever with the current technology. The 16 nm fabrication process used in the manufacture of the S9 is a major improvement upon the 28 nm design common to other modern mining devices.

Although a 10nm process is on the horizon for , further increases beyond that remain theoretical. Further, the design and manufacture of any 10nm Bitcoin mining hardware is likely to take at least a year. Our guide on the best bitcoin wallets will help you get one fast and for free. Read it here! The good news is that existing power supplies, at least those of sufficient wattage, are fully compatible with the S9. A total of chips, spread over 3 circuit boards, are combined to achieve this phenomenal hashrate.

Note that Power Cost will be specific to your location and that Difficulty changes every 2 weeks, usually to the upside…. Your Pool Fees will be determined by your mining pool; although the S9 is plenty powerful, a single unit is highly unlikely to find any blocks when solo-mining. Of course, such impressive results assume all factors stay constant which is hugely improbable in the ever-changing world of Bitcoin!

The cutting-edge manufacturing process is what makes the S9 the most electrically-efficient mining device to date. It uses a mere 0. The S9 consumes about W more than the S7. Apart from the power supply, the S9 is a self-contained unit. It requires no connection to another computer to interface with other Bitcoin nodes.

The S9 performs reliably in any well-ventilated space, whether a single or several unit s kept in a spare room or hundreds to thousands of units in a large mining center. On the other hand, the halving could bring about a higher Bitcoin price and reduced competition, increasing profitability. It is likely to remain profitable for far longer than previous generations of ASIC miner, although ROI cannot be guaranteed given the inherent unpredictability of Bitcoin mining.

Bitmain is regarded as one of the most influential companies in the ASIC mining industry. Halong Mining is no longer around. It seems they could not compete with the already established ASIC manufacturers, most likely because they could never fill their orders and get the partsd they needed to produce enough miners to make money. The DragonMint W power supply is strongly recommended, though not mandatory. Each miner requires its own individual power supply.

Professional mining hardware runs optimally at V, hence why mining farms step down their own electricity supply to V. In any case, it would be a good idea to buy the DragonMint power supply. These PSUs will get the job done, but they are not ideal for optimum mining performance.

Consuming merely 0. Keep in mind that exact power consumptions vary, especially depending on which power supply you are using. Take a look at the projected mining profitability of a single miner :.

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If there's a disagreement of interest behind a referenced study, the reader must always be informed. With cryptocurrencies entering the mainstream with a bang, more and more people every single day develop an interest in this new and strange world of blockchain. To put it into very simple terms, crypto mining is a process in which a machine performs certain tasks to obtain a little bit of cryptocurrency.

Imagine that you have a machine that mines crypto coins. Your PC would perform specific tasks that are required to be able to obtain even the slightest amounts of cryptocurrency. The tasks themselves are math equations. The more miners want to mine one, a specific mining pool - the tougher the equations become. This brings balance to the pool, but it also motivates bigger and stronger machinery usage. That is a very short and simple way of defining what is cryptocurrency mining.

There are a few ways you could go about cryptocurrency mining. This rent lasts for an agreed-upon period , through which all of the earnings that the rig makes minus the electricity and maintenance costs are transferred to your cryptocurrency wallet. The people companies that offer these cloud mining services usually have huge mining facilities with multiple farms tens or hundreds of rigs stacked and operating together at their disposal and know perfectly well how to mine cryptocurrency.

There are two options of cloud mining - free and paid. Paid cloud mining usually works like this:. You find a cloud mining host online. You check out the plans that the host offers - there are usually four or five of these plans, ranging from the cheapest to the most expensive one; some hosts even offer you the ability to create and customize your cloud mining plan.

Once you know what you want, you simply perform the transaction meaning that you pay the host , register your cryptocurrency wallet code and that is how you make the first steps on how to mine cryptocurrency! Different plans cost different amounts of money and last for a variety of periods. No one can know for sure, though, because the prices of cryptocurrencies are very volatile and their prices tend to sway by quite a bit.

CPU mining utilizes processors to mine cryptocurrencies. It used to be a viable option back in the day, but currently, fewer and fewer people choose this method how to mine cryptocurrency daily. There are a couple of reasons why that is. You could go on for months without noticing the smallest amount of revenue. All you need to be able to mine using the CPU method is just a computer and a couple of programs.

Your laptop will probably fry and overheat in a matter of a couple of hours. GPU mining is probably the most popular and well-known method of mining cryptocurrencies. Cloud miners, for example, use GPU rigs for their services. GPU rigs utilize graphics cards to mine cryptocurrencies.

One standard rig is made out of a processor, a motherboard, cooling, rig frame and - of course - a few 2 - 8 graphics cards. People looking for ways how to mine cryptocurrency should check them out. ASICs Application-Specific Integrated Circuits are special devices that are designed explicitly to perform a single task , which in this case is crypto mining.

You see, when the ASIC company announced its new version of the machine, the announcement caused an uproar in the cryptocurrency community. Many people have called for an outright ban on these machines. Also, ASICs have twisted the economy of certain specific cryptocurrencies - imagine if the majority of earnings would go to one miner with an ASIC farm, what kind of chaos that would ensue.

Looking for more in-depth information on related topics? We have gathered similar articles for you to spare your time. Take a look! Litecoin vs Bitcoin: what's the difference between Litecoin and Bitcoin? Is Litecoin better than Bitcoin? Read the Litecoin vs Bitcoin guide to find out. Cryptocurrency trading: how to trade cryptocurrency? Follow this guide and find out how cryptocurrency trading works and how to start.

Complete VeChain price prediction and beyond. Learn the VeChain forecast and predictions in this full VeChain price prediction guide. Now that you have an understanding of how to mine cryptocurrency and about all of the different ways to do it, which one is the best way? The method that suits you the most depends solemnly on a few key details : are you willing to spend some initial money?

If so, how much? Do you want to OWN a rig? Do you even want to do it with a rig? These and many more similar questions will determine your best method for mining cryptocurrency. Generally speaking, GPU and cloud mining seems to be the two big options that people love.

If you want to build your rig , then GPU is the way to go. Your choice of gear should also depend on the type of cryptocurrency mining that you've decided to do. Some of the obvious favorites would be Bitcoin , Ethereum or Dash. Keep in mind, though, that Bitcoin mining is probably the trickiest of them all - since the coin is so popular, there are many miners around the world tuning into the few pools that there are and trying to snatch at least a small bit of Bitcoin.

This might result in you waiting for countless hours until the first drops of Bitcoin start coming in. Keeping that in mind, your best bet would probably be to stick with Ethereum or some other less-popular cryptocurrency. Best Bitcoin mining hardware: Your top choices for choosing the best Bitcoin mining hardware for building the ultimate Bitcoin mining machine. Wondering what is SegWit and how does it work? Unfortunately, Bitcoin is no longer as decentralized as it was once intended to be.

Buy Antminer S7 on eBay. The S7 is also a popular choice among hobbyist miners for its reasonable price and strong performance. The strong metal casing features a tongue and groove system which allows for the neat arrangement of multiple miners. The APW3 requires a minimum Volts to function and does not ship with the necessary 16A power cord.

While an integral PSU makes for a compact and convenient miner, there are few other reasons to recommend such a setup. The S7-LN also excludes a cord. Note: Before you buy an Antminer S7 make sure you already have Bitcoin mining software and a Bitcoin mining pool.

These prices can be expected to fall further as the S9 and other superior mining hardware becomes the new standard. With careful tweaking, it may be possible to profit from an S7 even at 15c power. The same calculations adjusted for the Hash Rate and Power consumption of the S7-LN produces slightly more encouraging results:.

Naturally, the hotter the environment, the more energy the fan s will consume to cool the unit. The S7 is twice as efficient as the S5 at converting all this energy into bitcoins; it requires a modest 0. Setting them up via the MinerLink GUI is a simple process, requiring only your mining pool credentials to begin mining.

The units will automatically begin hashing upon powering up, which can be helpful in the event of power failure. S7 connectivity is via Ethernet only. They are both cooled by dual fans. A dry basement is an ideal location. This peak was reached on May 24 th Such tremendous growth has been spurred by major investment into Bitcoin mining technology and operations. Profits have accumulated where mining is most profitable China , with the result that several competing operations eg.

KNC have been forced out of the industry. We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back. The same Chinese competitive advantage has been doubly effective at squeezing the profit-dependent hobbyist miner from the market.

With the block reward halving looming, the profitability of all but the most efficient operations will likely be challenged. Given that profits derived from the current generation of mining hardware are dwindling and will likely reach negative returns post-halving:. Can the new S9 change the game for smaller and hobby miners and restore their lost profitability? Note: Before you buy an Antminer S9 make sure you already have Bitcoin mining software and a Bitcoin mining pool.

The first batch of S9s will be available for order directly from Bitmain from the 12 th of June. However, the lower your electricity costs, the better your odds of the miner paying for itself within a reasonable timeframe. Judging value in this space is a complicated exercise, although it would appear that nothing vastly technologically-superior to the S9 is likely to be released in the near future.

The release cycle of a new generation of mining hardware every few months is likely to decelerate from this point on, as manufacturers have transitioned to cutting-edge 16 and 14nm designs. The on-going miniaturisation of semiconductors allows ever greater computing power and electrical efficiency, but the process cannot continue forever with the current technology.

The 16 nm fabrication process used in the manufacture of the S9 is a major improvement upon the 28 nm design common to other modern mining devices. Although a 10nm process is on the horizon for , further increases beyond that remain theoretical.

Further, the design and manufacture of any 10nm Bitcoin mining hardware is likely to take at least a year. Our guide on the best bitcoin wallets will help you get one fast and for free. Read it here! The good news is that existing power supplies, at least those of sufficient wattage, are fully compatible with the S9.

A total of chips, spread over 3 circuit boards, are combined to achieve this phenomenal hashrate. Note that Power Cost will be specific to your location and that Difficulty changes every 2 weeks, usually to the upside…. Your Pool Fees will be determined by your mining pool; although the S9 is plenty powerful, a single unit is highly unlikely to find any blocks when solo-mining.

Of course, such impressive results assume all factors stay constant which is hugely improbable in the ever-changing world of Bitcoin! The cutting-edge manufacturing process is what makes the S9 the most electrically-efficient mining device to date. It uses a mere 0. The S9 consumes about W more than the S7.

Apart from the power supply, the S9 is a self-contained unit. It requires no connection to another computer to interface with other Bitcoin nodes. The S9 performs reliably in any well-ventilated space, whether a single or several unit s kept in a spare room or hundreds to thousands of units in a large mining center. On the other hand, the halving could bring about a higher Bitcoin price and reduced competition, increasing profitability.

It is likely to remain profitable for far longer than previous generations of ASIC miner, although ROI cannot be guaranteed given the inherent unpredictability of Bitcoin mining. Bitmain is regarded as one of the most influential companies in the ASIC mining industry. Halong Mining is no longer around.

It seems they could not compete with the already established ASIC manufacturers, most likely because they could never fill their orders and get the partsd they needed to produce enough miners to make money. The DragonMint W power supply is strongly recommended, though not mandatory. Each miner requires its own individual power supply. Professional mining hardware runs optimally at V, hence why mining farms step down their own electricity supply to V. In any case, it would be a good idea to buy the DragonMint power supply.

These PSUs will get the job done, but they are not ideal for optimum mining performance. Consuming merely 0. Keep in mind that exact power consumptions vary, especially depending on which power supply you are using. Take a look at the projected mining profitability of a single miner :.

The Antminer R4 hashes at up to 8. BitFury was the first company to release 16nm chips. As the saying goes nothing good comes cheap. With all the awesome features that come with the Antminer R4 you would expect its price to be high. Its price is among its cons because this may be too high for the average hobby miner. Once you setup your Antminer R4 you will see that its user interface has been well designed with the users in mind.

All you have to do is enter your wallet address and mining pool settings before you start mining. It is also possible for you to customize settings such as the fan speed or the frequency. With a hash rate of 8. Rest easy because most homes have an outlet that can handle Watts safely but also expect your electricity bills to rise significantly. Of course we assume that all factors remain constant which is almost impossible in the ever-changing world of Bitcoin.

This means that the Antminer R4 will eventually produce a profit, but only if the network hash rate, Bitcoin price, and electricity costs stay the same. All of those factors are a big IF, since the network difficulty almost always increases. So you are definitely taking on risk with this miner, and it may not be worth your time despite the many benefits it provides over other hardware. One of the most unique features of Antminer R4 is that it was designed to ensure the least possible sound with the maximum hash rate.

Antminer R4 replaces the traditional fan with a rotary blade system. The traditional fan has been the biggest source of noise for other mining hardware. Its fan speed is controlled automatically, ensuring that the noise is regulated. Bitmain recommends the use of an APW5 power supply. It also uses 28nm Xilinx programmable logic.

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For example, when mining Ether, the main thing is to overclock the video memory. The most optimal operating mode for GPU cards is setting the core voltage to about to millivolts for AMD cards and to millivolts for Nvidia cards. Lowering the voltage on the core of the card, in addition to reducing power consumption, decreases the amount of heat, which has a beneficial effect on the equipment.

Another way is to change HDDs to solid-state drives, which will increase the speed of loading the operating system and reduce the power consumption of each rig by five to 15 watts. A miner can also reduce consumption through slightly more complicated ways too, such as finding more economical electricity tariffs — for example, installing the rigs where there are reduced tariffs for consumers with electric stoves or electric heating and lower night-time prices.

If possible, miners can even reach out to a power plant that generates electricity to find out if it has surplus capacity. Some miners can create their own solar or wind farms and use them for mining, but not everyone can afford such an investment. Keeping in mind the unstable situation in the economy, some may want to join the crypto mining community but cannot due to the high initial costs associated.

Philip Salter, head of operations at Genesis Mining — a hosted mining provider — told Cointelegraph:. Hosted mining starts with a user choosing a provider of computational capacity. Then they enter into agreements with the company to connect to its equipment. After paying for computer capacity, miners are provided with access to remote mining of cryptocurrencies through rented equipment.

So, users only need a computer and a fast internet connection to operate. Hosted mining commissions are charged in accordance with the agreements established between the parties. This type of mining has a number of advantages, such as not requiring start-up capital, not needing to connect equipment by yourself, no costs of maintenance and electricity, the ability to disconnect from work at any time, and not needing special technical knowledge and skills.

There are also risks in cloud mining, primarily because, like any young industry, many rogue actors seek to take over the funds of ignorant users. So, when choosing a platform, users should spend time and carefully study its history and reviews. In summary, it can be said that today, mining seems to be an attractive way to make some income. If for some reason hosted mining is inconvenient, then setting up a personal rig is not too difficult. This will require an initial investment and a little time to figure out how the system operates.

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How to build a crypto mining rig in to earn Bitcoin and Ether. Mining rig components A cryptocurrency mining rig consists of a computer that has many graphics cards but no monitor. To be more specific, a mining rig consists of: An ordinary motherboard, which has the capability of linking to a number of connectors for GPU cards. Several GPU cards, which are the most important components in a rig because they are the base that defines the cryptocurrency that a user will mine, along with their future profit and its timeline.

A power-generating unit. A rig with four GPUs often requires more than one power unit. Usually, miners have a few watt units connected together. A power adapter for GPU cards. A power switch. Electricity in question In over 10 years, the mining industry has turned from something incomprehensible and rather cheap to a professional, high-tech venture that implies high barriers of entry, not only for the equipment but also for its maintenance.

However, it is very expensive, and due to its popularity it can often be sold out. Luckily Pandaminer has a number of different models to choose from. The Corsair One has been among the best gaming PCs ever since it came on the scene a few years ago, and the Corsair One i only takes things to the next level with Nvidia Turing graphics and Intel Coffee Lake Refresh processors. If you have the budget, then this is a brilliant mining PC, as it combines some of the latest, and most powerful, gaming tech, which in turn gives you phenomenal mining performance.

If you also like to game, then this is a brilliant, but expensive, purchase. Read the full review: Corsair One i TechRadar pro IT insights for business. Please deactivate your ad blocker in order to see our subscription offer. Shark Mini A great compact mining rig. Warranty: 90 days.

Reasons to avoid - Pricey - Warranty is short. Alienware Area 51 Threadripper Edition Top-notch power comes at a cost. Reasons to avoid - Absolutely massive - Absurdly expensive. Bitmain S17 Pro High specs and efficiency. Reasons to avoid - Currently out of stock. Warranty: Contact MineShop for details. Reasons to avoid - ASIC mining rigs can be more complex to use. Reasons to avoid - Variety of ports can be confusing - High specs mean high price tag.

Shark PRO A great mining rig for professional miners. Reasons to avoid - Expensive. PandaMiner B5 Plus An excellent compact miner. Warranty: days. Reasons to avoid - Expensive - Often sold out. Corsair One i A brilliant modern gaming PC for mining. Reasons to avoid - Very expensive. See more Computing news.

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Whether you want to start to mine digital currencies or not is entirely up to you. If you are only in it for the money, then it is probably best to wait for market prices to hit a level where mining makes sense and cents again. However, if you want to learn about cryptocurrency networks, the blockchain, and how mining actually works, then you could start immediately with one of the more affordable miners and look at it more as an experiment than an investment venture.

Finally, it is important to remember that miners help to secure digital currency networks and, thus, play an integral role in the blockchain revolution. Therefore, you can also look at mining as your contribution to an industry that has the potential to change the world and increase the value of your portfolio along the way. Sign up for our daily newsletter and find out what to do about it. Sign Up. You should, too. Antminer T The Antminer T15, created and distributed by Chinese mining company Bitmain, is a popular piece of mining hardware due to its efficiency.

The S7 is twice as efficient as the S5 at converting all this energy into bitcoins; it requires a modest 0. Setting them up via the MinerLink GUI is a simple process, requiring only your mining pool credentials to begin mining. The units will automatically begin hashing upon powering up, which can be helpful in the event of power failure. S7 connectivity is via Ethernet only.

They are both cooled by dual fans. A dry basement is an ideal location. This peak was reached on May 24 th Such tremendous growth has been spurred by major investment into Bitcoin mining technology and operations. Profits have accumulated where mining is most profitable China , with the result that several competing operations eg.

KNC have been forced out of the industry. We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back. The same Chinese competitive advantage has been doubly effective at squeezing the profit-dependent hobbyist miner from the market. With the block reward halving looming, the profitability of all but the most efficient operations will likely be challenged.

Given that profits derived from the current generation of mining hardware are dwindling and will likely reach negative returns post-halving:. Can the new S9 change the game for smaller and hobby miners and restore their lost profitability?

Note: Before you buy an Antminer S9 make sure you already have Bitcoin mining software and a Bitcoin mining pool. The first batch of S9s will be available for order directly from Bitmain from the 12 th of June. However, the lower your electricity costs, the better your odds of the miner paying for itself within a reasonable timeframe. Judging value in this space is a complicated exercise, although it would appear that nothing vastly technologically-superior to the S9 is likely to be released in the near future.

The release cycle of a new generation of mining hardware every few months is likely to decelerate from this point on, as manufacturers have transitioned to cutting-edge 16 and 14nm designs. The on-going miniaturisation of semiconductors allows ever greater computing power and electrical efficiency, but the process cannot continue forever with the current technology. The 16 nm fabrication process used in the manufacture of the S9 is a major improvement upon the 28 nm design common to other modern mining devices.

Although a 10nm process is on the horizon for , further increases beyond that remain theoretical. Further, the design and manufacture of any 10nm Bitcoin mining hardware is likely to take at least a year. Our guide on the best bitcoin wallets will help you get one fast and for free.

Read it here! The good news is that existing power supplies, at least those of sufficient wattage, are fully compatible with the S9. A total of chips, spread over 3 circuit boards, are combined to achieve this phenomenal hashrate. Note that Power Cost will be specific to your location and that Difficulty changes every 2 weeks, usually to the upside…. Your Pool Fees will be determined by your mining pool; although the S9 is plenty powerful, a single unit is highly unlikely to find any blocks when solo-mining.

Of course, such impressive results assume all factors stay constant which is hugely improbable in the ever-changing world of Bitcoin! The cutting-edge manufacturing process is what makes the S9 the most electrically-efficient mining device to date. It uses a mere 0. The S9 consumes about W more than the S7. Apart from the power supply, the S9 is a self-contained unit. It requires no connection to another computer to interface with other Bitcoin nodes. The S9 performs reliably in any well-ventilated space, whether a single or several unit s kept in a spare room or hundreds to thousands of units in a large mining center.

On the other hand, the halving could bring about a higher Bitcoin price and reduced competition, increasing profitability. It is likely to remain profitable for far longer than previous generations of ASIC miner, although ROI cannot be guaranteed given the inherent unpredictability of Bitcoin mining.

Bitmain is regarded as one of the most influential companies in the ASIC mining industry. Halong Mining is no longer around. It seems they could not compete with the already established ASIC manufacturers, most likely because they could never fill their orders and get the partsd they needed to produce enough miners to make money. The DragonMint W power supply is strongly recommended, though not mandatory.

Each miner requires its own individual power supply. Professional mining hardware runs optimally at V, hence why mining farms step down their own electricity supply to V. In any case, it would be a good idea to buy the DragonMint power supply. These PSUs will get the job done, but they are not ideal for optimum mining performance.

Consuming merely 0. Keep in mind that exact power consumptions vary, especially depending on which power supply you are using. Take a look at the projected mining profitability of a single miner :. The Antminer R4 hashes at up to 8. BitFury was the first company to release 16nm chips. As the saying goes nothing good comes cheap.

With all the awesome features that come with the Antminer R4 you would expect its price to be high. Its price is among its cons because this may be too high for the average hobby miner. Once you setup your Antminer R4 you will see that its user interface has been well designed with the users in mind. All you have to do is enter your wallet address and mining pool settings before you start mining.

It is also possible for you to customize settings such as the fan speed or the frequency. With a hash rate of 8. Rest easy because most homes have an outlet that can handle Watts safely but also expect your electricity bills to rise significantly. Of course we assume that all factors remain constant which is almost impossible in the ever-changing world of Bitcoin. This means that the Antminer R4 will eventually produce a profit, but only if the network hash rate, Bitcoin price, and electricity costs stay the same.

All of those factors are a big IF, since the network difficulty almost always increases. So you are definitely taking on risk with this miner, and it may not be worth your time despite the many benefits it provides over other hardware. One of the most unique features of Antminer R4 is that it was designed to ensure the least possible sound with the maximum hash rate.

Antminer R4 replaces the traditional fan with a rotary blade system. The traditional fan has been the biggest source of noise for other mining hardware. Its fan speed is controlled automatically, ensuring that the noise is regulated. Bitmain recommends the use of an APW5 power supply. It also uses 28nm Xilinx programmable logic. It supports Gigabit Ethernet to ensure that mined blocks are submitted instantly.

Not only are the devices expensive but they also generate a lot of heat and noise, not to mention the amount of electricity they consume. Some of these problems mentioned above have been addressed and as a miner you can do it as a hobby while also making some money. This home Bitcoin miner is not only a good fit for hobby miners but also helps to improve the decentralization of Bitcoin mining as a whole. Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity.

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Crypto GPU mining rig - Radeon 7 16Gb - Rx580 8Gb - magkano ang daily profit?

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