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1. Hash calculator comparison how to#
2. Hash calculator comparison upgrade#
3. Hash calculator comparison series#
4. Hash calculator comparison free#

Hash calculator comparison upgrade#

Hash calculator comparison series#

The company developed the Antminer, a series of ASIC miners dedicated to mining cryptocurrencies such as Bitcoin, Litecoin, and Dash.īitmain is also in charge of two of the largest mining pools around: BTC.com and Antpool. The most well-known mining hardware manufacturer around, Bitmain was founded in 2013 in China and today has offices in several countries around the world. Notable Mining Hardware Companies Bitmain Technologies Keep in mind that this calculation will never be 100% accurate since you can’t know for sure the exact difficulty measurement at the moment, or what will happen to Bitcoin’s price a week from today.ģ. Once you have this information, you can insert it into a Bitcoin mining calculator and estimate how many bitcoins you’ll be able to mine per timeframe. This way you can effectively measure miners against one another.Īll of the above factors are important for calculating profitability, so make sure you have them all before proceeding. An efficient miner requires less electricity to mine Bitcoin.Įfficiency is calculated by dividing energy consumption with hashrate.

While having a high hashrate is good, if you’re wasting a lot of energy to get it you’ll be losing money in the end.Įfficiency is basically calculating how much power is required to generate a single bitcoin.

While a personal computer can make a few million guesses per second, today’s ASICs can make 1*10^12 guesses per second. It basically measures how many guesses the miner can make per second.

This is how much power the miner has to solve the mining math problem. This is measured in watts, and the lower the number, the better. How much electricity does the miner consume? This is important since you’re going to run a huge electric bill if you mine Bitcoin. 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:

Hash calculator comparison free#

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.

Hash calculator comparison how to#

If you want a deeper understanding of how to choose your miner keep on reading. That’s Bitcoin mining hardware in a nutshell.