![]() ![]() When you want to evaluate a miner, there are usually three main factors you need to check: Power Consumption However, 5 nm chips are expected to be introduced shortly by Bitmain and Canaan. The smallest chip introduced commercially to date is a 7 nm (nanometer) chip by Bitmain and their Antminer S17. ![]() The smaller the chip, the more chips you can put inside a miner, increasing its mining capabilities. Today’s focus is on creating smaller chips for ASIC mining in order to produce more powerful miners. Therefor, the massive move of miners toward ASIC hardware is easily understandable.Ĭlear evidence of this is the Bitcoin network total hashrate, which has exceeded the incredible milestone of 120 exahash per second (that’s 120,000,000,000,000,000,000 hash calculations per second!). ASICs are built specifically for Bitcoin mining and are therefore the most efficient type of miner out there.įor reference, a single ASIC miner has the equivalent mining power of 700 GPUs. Today, if you try to mine with anything other than an ASIC miner, you’re in for a disappointment. Miners evolved from using PCs to GPUs (graphics processing unit) and later on to FPGAs (field-programmable gate array) before reaching their current state of ASIC (application-specific integrated circuit) mining. Mining has moved from being something you can do from the comfort of your own home to a specialized occupation that requires a lot of time and capital. If not, here’s our Bitcoin mining whiteboard video to get you up to speed: ![]() If you already know about the purpose of mining and how it integrates with the Bitcoin network, feel free to skip this part. Here’s what I’ll cover:īefore I get into the various miners on the market today, I want to make sure you’re familiar with what Bitcoin mining is. If you want a deeper understanding of how to choose your miner keep on reading. That’s Bitcoin mining hardware in a nutshell. ![]()
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