Bitcoin mining computer asics

By | 03.01.2018
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Mining with ASICs is very similar to mining with GPUs with a and allowing the hardware to install on your computer, stratum.bitcoin.cz:3333 for. ASIC Mining. An application-specific integrated circuit, or ASIC, is a microchip designed and manufactured for a very specific purpose. ASICs designed for Bitcoin mining were first released in 2013. Oct 04, 2016 · In the early days of Bitcoin, mining used to be done using the CPU on your computer. Nowadays though as the amount of people mining .
Buy Gridseed ASIC Miner for Litecoin and Bitcoin Mining: Cables & Interconnects - Amazon.com FREE DELIVERY possible on eligible purchases3.7/5(69). 77 rows · Become the best Bitcoin miner and learn how to mine Bitcoins with the best . Mining with ASICs is very similar to mining with GPUs with a and allowing the hardware to install on your computer, stratum.bitcoin.cz:3333 for. ASIC Mining. An application-specific integrated circuit, or ASIC, is a microchip designed and manufactured for a very specific purpose. ASICs designed for Bitcoin mining were first released in 2013. Oct 04, 2016 · In the early days of Bitcoin, mining used to be done using the CPU on your computer. Nowadays though as the amount of people mining .

Generally, it's not worth your time and effort to mine at home! (Some exceptions may apply.)

Age of ASIC mining

CPU mining has been unprofitable since 2011, GPU mining just slightly later.

Today, ASICs rule mining. The Bitcoin network has more than 1.7 Ehash/s (Oct 2016) now which is 1,700,000,000,000 Mhash/s. Your graphics card will be running full blast to churn out a few hundred Mhash/s, your CPU maybe a few dozen.

With CPU or GPU you will never collect a sufficient balance with a mining pool that you could even get paid out. It's a waste of time, even if you don't pay for power.

Mining has gone big scale

Meanwhile, ASIC mining has gone industrial. Corporations are building mining centers in regions with very cheap power, and filling them with millions of USD worth of ASIC miners. Greater mining power in one hand does have some slight advantages which adds to their more efficient processes.

Finally, ASIC miners have been catching up quickly technologywise: Every few months new chips get announced moving the scale down a few more nm. Currently, we are reaching 16nm technology (Oct 2016), which is already pretty close to the general state of the art. The problem with that is that every step of miniaturization comes with a leap in power efficiency, quickly obsoleting older generations of ASICs. Chances are that your investment will outdate before it pays for itself – even when you are just looking at cost of acquisition and have no cost of power.

Mining profits tend to zero

The mining market tends to bitcoin mining computer asics an equilibrium: While it is very profitable to mine, there is room for investments. The additional mining power increases the difficulty for all which in turn reduces the profitability. When the difficulty rises, it drives out the least cost efficient mining operations, in turn increasing the profitability of the remaining miners. If you're not in a particularly advantageous position, you will be quickly pushed out of the market.

Also see: Why does mining profitability tend towards zero?

If you're not paying for your power, someone bitcoin mining computer asics is

Anyway, if you're "not paying for your power", because it's included in rent (e.g. in a dormitory), you're either privatizing profits by socializing costs, i.e. stealing from your neighbors, or you'll be paying for it next year when your landlord increases your rent to cover the higher power bill.

If you produce a power surplus or use the ASIC to replace electric heating, hey, bitcoin mining computer asics, you might be one of that exceptions I mentioned going in.

There might be some altcoins that can still be profitably CPU/GPU mined and mining regs for Bitcoin thereafter, but I am not sure whether even they are worth it when you factor in your time investment.


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Register | HashFlare

Oct 04, 2016 · In the early days of Bitcoin, mining used to be done using the CPU on your computer. Nowadays though as the amount of people mining . CPU mining has been unprofitable since 2011, GPU mining just slightly later. Today, ASICs rule mining. The Bitcoin network has more than 1.7 Ehash/s (Oct 2016) now which is 1,700,000,000,000 Mhash/s. What is Bitcoin Mining? Bitcoin operates as a peer-to-peer platform. and every time someone adds a new ASIC-powered computer to the Bitcoin network. The TerraMiner IV has four ASIC chips, and with each boasting a 500 GH/s hash rate, it means that the TerraMiner IV has a total hash rate of 2TH/s.

Mining with ASICs is very similar to mining with GPUs with a and allowing the hardware to install on your computer, stratum.bitcoin.cz:3333 for. 77 rows · Become the best Bitcoin miner and learn how to mine Bitcoins with the best . ASIC Mining. An application-specific integrated circuit, or ASIC, is a microchip designed and manufactured for a very specific purpose. ASICs designed for Bitcoin mining were first released in 2013.


In the early days of Bitcoin, mining used to be done using the CPU on your computer. Nowadays though as the amount of people mining has increased the difficulty of Bitcoin mining has also increased too. This high difficulty and hash rate has mostly been fueled by the introduction of ASIC mining chips. Bitcoin uses SHA-256 cryptographic hash function to secure the blocks and create the hash for each block. This encryption is what protects the transactions in the block from being altered.

Application-Specific Integrated Circuit

ASICs allow miners to use hardware made specifically for Bitcoin or other SHA-256 algo coins. An ASIC has benefits over CPU, GPU and FPGAs due to being designed for one specific task. They are able to mine Bitcoin at a higher hash rate (speed of processing transactions) than CPUs, GPUs and FPGAs.  Several manufacturers produce their own ASIC chips and miners. For this part of the Bitcoin mining guide we will use the current top miner on the market the Bitmain AntMiner S9.

Bitcoin mining has gotten so high powered with the race to be the winner to solve a block that it has evolved into pooled mining where a group of miners want to have as much hash power as possible to get a share of the Bitcoin block reward. By combining your hash rate with that of many others you have a better chance of solving blocks (creating a block) and getting the block reward. Bitcoin.com has launched it’s own mining pool with competitive pricing, which you can register for and begin pool mining today.

The Bitmain S9 is composed of 189 ASIC chips. The total hash rate (mining speed) of the S9 is roughly 12 to 14 TH/s (terahashes per second). CPUs were only able to do a few MH/s (megahashes per second).

Bitcoin mining setup is simple

As the S9 requires 1275 watts of power depending on your power type available you can either use two 110v PSUs such as a Gold rated 1000 watt PSU and a 650 watt PSU to power the miner. If you are able to use 220v power and have the correct outlets or PDU (Power Distribution Unit) you can use special PSUs that are either made specifically for Bitcoin mining or even those made for servers.

Connect the PSU/s to the S9 using PCIe cable connections on your PSU. Once connected you will connect an ethernet cable to the miner itself.

The next step is to turn on your PSU and the miner will power up from there. Next get on a computer or mobile device that is connected to the same network as the miner. You will need to enter in the miner’s IP address. Since most miners now come with DHCP enabled you do not have to manually set the IP address, you just need to look at the IP table on your router or use a scanning tool. A scanning tool likeAngryIP allows you to scan every device on your network and see its IP address. When you run the scan you will see AntMiner as one of the devices. From there in your browser window you type in the miners address.

This will take you to the first screen to login to the miner. In the case of the S9 the login box that comes up the username is root and the password is root.  Once you have logged in you will see the system overview. We suggest you go to the Admin tab first and change the password to one of your own choosing. Your next step is to go to the Miner Configuration tab. This is where you will add your information for the mining pool you will want to mine on. 

You will need to enter in the stratum/IP address of your mining pool, then your worker name followed by password for your worker on the mining pool. Note: not all pools require a password, you can just put “123” if you want.

AntMiner general configuration menu

Once you have saved your setting the miner will start mining on your pool. It can take from a couple minutes to up to an hour for your full hash rate to show up on your pool. Now you can go to the Miner Status page and you will see how your miner is performing and if the connection is live, temps, hash rate, etc. If you also go to your Bitcoin mining pool you can see your status. You are now mining Bitcoin.

If you are mining on the Bitcoin.com mining pool and have questions on getting started, fees, or payouts, simply login and head over to the Getting Started page to read some common question and answers. There is also a community forum where users can engage with other miners.

AntMiner miner status menu

 

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