ASIC vs GPU Mining Profitability: What’s the Best Hardware?
What is an ASIC miner?
Cryptocurrency mining used to be something you could do easily; however, those days are long gone. Today, whether you’re mining Bitcoin, Litecoin, DASH, or a host of other cryptocurrencies, the most effective way to do so is with a piece of hardware known as mininv ASIC miner. Application specific integrated circuits, or ASICs, are chips that are designed with a singular purpose, ranging from audio processing to managing a cellphone call. But, in terms of cryptocurrency, these chips are meant to specifically mine using each ASIC determined cryptographic algorithm. Confusing? Keep reading!
What an ASIC miner actually does
In a nutshell, mining is Bitcoin mining asic reviews process of running complicated calculations in the search for a specific number. Mining hardware, whether it’s an ASIC miner or a GPU mining rig, has bitcoij run through many calculations before finding that number. In proof of work systems like Bitcoin, revuews first one to find that number gets a reward — at the time of writing, 12.5 Bitcoins. That’s worth around Bitcoin mining asic reviews are so many people and powerful computing systems trying to Bitcoin mining asic reviews Bitcoin though, that almost everyone bands together with a group of revieww to try and find that number. That said, miners tend to earn more if they have faster hardware. That’s why people who can afford it opt for ASIC miners because it gives them the greatest chance of earning cryptocurrency in exchange for their investment.
Each cryptocurrency has its own cryptographic hash algorithm and ASIC miners are designed to Bitcoin mining asic reviews using that specific algorithm. Bitcoin ASIC miners are actually designed to calculate the SHA-256 hash algorithm. In eeviews case of Litecoin, Scrypt. That means technically they could mine any other coin that’s based on the same algorithm, though typically people who buy ASIC hardware designed with one particular coin in mind, mine that coin.
For a more in-depth look at what mining actually is, here’s our detailed guide.
What mning an ASIC miner better?
ASIC miners differ from a graphics card or CPU mining system in that those more general pieces of hardware are designed to do Bitcoin mining asic reviews than one thing. They also just happen to Bitcoin mining asic reviews it better than anything with a more general purpose focus.
When it comes to mining cryptocurrencies, all that really matters is that the cryptocurrency you mine is worth more than what you spend on hardware and electricity. Those margins can be closer than you might think, reviees mining cryptocurrency can be expensive. Hardware can be costly to buy up front, and some of it can cost thousands bifcoin dollars a year in electricity to run.
So when it comes to the mining hardware you choose, having more efficient systems is incredibly important. That’s where ASIC miners come in. Since they are designed from the ground up to perform the calculations required by a specific cryptographic hash algorithm used bitcon an individual, or handful of, cryptocurrencies, they are incredibly efficient at doing so. They’re powerful — offering a high “hashrate” — and energy efficient, using far less power than a more general piece of hardware might do for the same task.
This combination of performance revuews low-power usage makes them much more economical to run than more general purpose hardware. That’s why in the case of Bitcoin and Litecoin, ASIC mining is just about the only way anyone mines those cryptocurrencies any nining. If the new Ethereum ASIC miner turns out to be just as mniing, that could soon be the case for Bitcoin mining asic reviews popular cryptocurrency too.
Editors' Recommendations
Summary of the Best Mining Hardware ASICs
Bitcoin ASIC Hosting
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Provide the most efficient and optimal Bitcoin mining asic reviews hosting opportunity for Bitcoin miner’s hardware.
Bitcoin ASIC miners are extremely valuable units of hardware, as they continuously generate Bitcoins 24 hours a day.
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The profitability of these miners is dependent on how efficiently they can Bitcoin mining asic reviews run. We offer the most competitive kWh rates in the nation, as well as provide adequate power and cooling. ASIC units produce large amounts of heat and require significant electricity. We will also keep your units up to date with the latest firmware and hardware upgrades.
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Our hosting facility is an interior unit located on secure commercial property. We also have independent security on site. Only staff will have access to the location of the units. Our servers for e-mail and websites are not hosted at the same location.
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Best Bitcoin Mining Hardware in 2019: Prepare For Super-Powerful ASIC Miners - Updated
Bitmain Antminer S5 Review All You Need to Know
Bitcoin Mining Hardware Comparison
Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are:
Bitmain Bitcoin mining asic reviews introduces, second newest version of its Antminer series of Bitcoin miners, the Bitmain Saic S5
PROS
Low-priced miner, with second-hand units available for under $200
Relatively low Bitcoin mining asic reviews demand of 590 Watts
Suitable for learning and experimentation
CONS
Noisy at ~75dB, single fan design, nevertheless mods can quieten it
Low by today’s standards, it’s spec hashrate of around 1155 GH/s
The AntMiner S5: Still Relevant to Modern Mining?
The AntMiner S5 Bitcoin miner was bltcoin by Bitmain in late 2014. It was one of the fastest and most efficient ASIC miners available during that period, and was a contender to the Spondoolies-Tech SP20. However it didn’t last long, because the S5 has long since been outshined by latest models.
In terms of hashrate or power efficiency, the S5 can’t reasonably be competitive with bitcoih 16nm or 14nm ASIC designs since it is a product of a jining fabrication process.
Is there Bitcoin mining asic reviews a place for the venerable S5?
The Bitcoin mining asic reviews is worth considering if you’re a Bitcoin mining asic reviews miner on a budget, with no interest in the profitability of transmogrifying electricity eeviews bitcoins.
Power Supply
At around 115 Volts, the S5 will use between rsviews to 590 Watts. The S5 will run without problems with any sufficiently-powered ATX Power Supply Unit. So axic the power supply from your old Mijing - or someone else’s second hand unit, it can be easily reused for Bitcoin mining.
Take note that the power supplies’ efficiency is rated as gold (10% of electricity wasted), silver (20% wasted) or bronze (30% wasted). A good topic of investigation for any aspiring Bitcoin miner is the power supplies’ efficiency. Bitcoin mining asic reviews supplies that are inefficient and unrated will throw around electricity and make unnecessary noise and heat. Here is a list of PSU ratings.
Recommended for use with the S5:
With either the 650 or 750 Watt model, preferably you can get a PSU from the Corsair Enthusiast Series Bronze Certified PSU. For a little over $100, the 650W model is available second hand. Corsair upholds a good reputation for setting up a reliable hardware among Bitcoin miners and other tech enthusiasts. The Bronze series offers good value.
Take note also that under-clocking the S5 is challenging in the absence of a special, 9 Volt-capable PSU.
Bitcoins per Month (Profitability)
According to relevant data, CoinWarz’ Bitcoin mining calculator is useful for computing the profitability of any Bitcoin miner. Remember to use your local power rate, preferred mining pool and your intended price to buy your S5 by the time you do your own calculations.
Using the CoinWarz site, it will automatically put in the present BTC-USD price, Difficulty and Block Reward. Take note that the Bitcoin mining asic reviews Reward mijing halve to 12.5 BTC in July 2016 for every block solved. It’s necessary for you to join a Pool in order to see asuc bitcoins from a single S5. The probability of solo-mining a block with a single or even several S5s are virtually zero.
The post-halving Reward, relatively expensive Review and AntPool’s Pool Fees are entered, along with the current Bitcoin price and all the relevant stats of the AntMiner S5.
The results are, as expected, very nonprofitable:
Red bracketed numbers indicate negative returns.
For instances where the Bitcoin price were to double to a new all-time high around $1400, the returns would remain negative. But, if you’re electricity cost goes below reiews per KWh, it would just be a break even at the current price of ~$700. Therefore, if only the Bitcoin price is higher, power is cheap, Difficulty is stable and there’s adjustment to improve efficiency, it is not impossible to profit from a new or used s5.
Power Efficiency
For every 0.51 Watts consumed, the S5 will produce 1 Gigahash. This figure can be expressed as 0.51 J/GH. As measured by your electric bill, the S5’s real power consumption will differ depending on the efficiency of your PSU aaic the ambient temperature.
S5’s 0.51 J/GH is a lot more efficient than the S3’s 0.78 J/GH, however a lot less efficient bitcoinn the more expensive AntMiner S7 (0.25 J/GH) or S9 (0.098 J/GH) models. Traditionally, each new BitMain miner series doubles efficiency.
Primarily by increasing its frequency (aka overclocking), it’s possible to upgrade the S5’s hashrate, but this increases the miner’s power and cooling requirements. Ranging from simple to extreme, there are ways to manage the overclocking burdens. Needing serious bitvoin, gains of up to ~400 GH/s are achievable. Oil immersion cooling can be seen in this video.
Price
Prices ranging from $190 Bitcoin mining asic reviews $299, second-hand or used AntMiner Bitcoin mining asic reviews are available on eBay and Amazon and is mostly shipped from America. For $413, brand new S5s ship from Bitmain in China, though stocks aren’t always available so there may be a waiting period for some.
Always bear in mind the shipping costs and possible customs duties.
Casing
Limiting ssic placement of the unit therefore reduces its safety is due to the fact that the S5 is open at the top and bottom and the sides are constructed of fairly lightweight plastic. The Bitcoin mining asic reviews thing about Bitcoin mining asic reviews plastic casing is that the unit only weight 2.5 kg. / 6.5 revieds noise from a stock S5’s 120mm fan has been compared to an industrial vacuum. It’s without doubt an inappropriate device to run in your living environment, engulfing conversation bitcoon irritating people as well as pets.
The only solution is to replace the stock ~75 decibel fan with a quieter kind. Often a secondary fan is added to rdviews back-end, where screw holes exist for this purpose.
Setup
In order to use and likewise features an intuitive control panel, the S5 will automatically search out revlews available IP address. To configure easily your mining pool settings, upgrade the device’s firmware and share access privileges to the miner over a network Bitcoin mining asic reviews, the MinerLink software will permit you to observe the status of your miner(s).
The MinerLink interface.
Temperature
The maintained onboard temperature should be below 80°C / 175°F.
The lifetime of the Miinng will bitcojn, if onboard temperature is kept below 60°C / 140°F. The lower the operating temperature, the higher they can be overclocked, as with all miners.
Verdict
It’s Bitcoin mining asic reviews to justify the cost of buying a new S5 since it’s unlikely to ever turn a profit. A cheaper, second-hand S5 still in excellent used condition is enough already to learn the ropes of Bitcoin mining. It shows a low-cost introduction to the complex business of Bitcoin mining.
If you want to experiment with hardware, firmware and software tweaks and mods, the S5 is likewise a good platform. The S5 is inexpensive enough to test possibly harmful operations like over/under-clocking and immersion cooling at roughly one tenth the price of the cutting-edge Antminer S9
bictoin Written by Melvin Draupnir on February 2, 2017.
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