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7 Best Ethereum Mining Hardware Asics & Gpus 2017 / 2018 (comparison)

7 Best Ethereum Mining Hardware Asics & Gpus 2017 / 2018 (comparison)

Jordan Tuwiner Last updated July 13, 2017 Using an efficient Ethereum mining hardware will significantly reduce your electricity bills and cut down your costs. This article will help you learn more about the best Ethereum mining hardware. Note: Before you get hardware make sure you have Ethereum mining software, an Ether mining pool , and an Ethereum hardware wallet like the Ledger Nano S for secure storage of Ether. If you just want Ether then just buy Ethereum . Mining has a lot of setup costs and some technical knowledge is required. In order to mine Ethereum, you will need specialized hardware known as graphics processing unit (GPU). Ethereums developers originally intended for it to be mined on computer CPUs but miners later discovered that GPUs gave them more hashing power. So, in the most simplest of terms: a GPU is a specialized Ethereum mining computer. Some GPUs have a higher hash rate than others, while some use more electric power as well. In choosing the most efficient GPU the most important thing is striking a balance between how powerful you want your rig to be and how much you are willing to spend on the GPU itself and the electricity. Many of these costs will vary by country. Is it cheap to buy GPUs in your country? Since most GPUs are sold on Amazon and eBay, if you live in a country where those retailers ship to then you will likely have an easier time getting the GPUs. Also, what is the cost of electricity in your country? Electricity costs are the deciding factor for most miners. As we have seen with Bitcoin mining , miners in China, Iceland, and other places with cheap electricity have a huge advantage! Now that you understand the factors that make GPU rigs good, here is a list and brief description of the most efficient GPUs on sale. Note that th Continue reading >>

Samsung Reportedly Making Chips For Bitcoin, Ethereum Cryptocurrency Mining Customers

Samsung Reportedly Making Chips For Bitcoin, Ethereum Cryptocurrency Mining Customers

by Brandon Hill Wednesday, January 31, 2018 Samsung Reportedly Making Chips For Bitcoin, Ethereum Cryptocurrency Mining Customers If you need any more evidence that cryptocurrency mining is hitting primetime , look no further than this latest report that Samsung is looking into get in on the action. Samsung is reportedly producing application-specific integrated circuits (ASICs) for Chinese customers that will be use for Bitcoin mining. The initial report, which comes courtesy of a South Korean publication, cites Samsung officials as the source for this information. The chips allegedly completed the development phase late last year and entered production earlier this month. Samsung already confirmed today during its Q4 earrings call that it will see "benefit from cryptocurrency demand increase." This coincides with comments from Samsung executives speaking with The Bell, who added [excuse the poor Google translation], "Underway foundry business to be supplied to the local virtual currencies in China mining companies. [It] is related to business start initial income scale saw in the entire foundry is still insignificant." Our translation: Samsung is making headway into getting its foundry business [for cryptocurrency mining] online for Chinese customers, and that while it is starting off small, it hopes to scale operations. Samsung's entry into the hardware market for cryptocurrency mining will put it head-to-head with Chinese firm Bitmain. According to reports, Bitmain commands over 70 percent of the market in the space, but Samsung is a massive company with seemingly endless resources. This could allow it to easily dominate the market once it scales operations. Continue reading >>

Asic, Gpu, And Cpu Mining

Asic, Gpu, And Cpu Mining

Rather than a rehash (pun intended) of the advantages and disadvantages of Proof of Work versus Proof of stake , were here to break down how CPUs, GPUs, and ASICs all play a key role in the mining process. Understanding the hardware behind Proof of Work is essential for analyzing the sustainability and level of decentralization of different coins. Well go over the advantages and disadvantages of each hardware and how theyre relevant to the most popular cryptocurrencies and hard forks. An ASIC is an application specific integrated circuit. In the context of cryptocurrency, its a microchip specifically designed to execute a hashing algorithm as quickly as possible. Lets give you some perspective on how powerful these ASICS can be. A Bitcoin ASIC can calculate hashes 100,000 times faster than even the best CPU. ASICs are custom built for a single hash algorithm. Therefore, you would need to buy different ASICs for each coin that you wanted to mine. Currently, there are several companies, such as Bitmain and Canaan, that design ASICs. Due to their custom nature and niche application, a powerful ASIC isnt cheap. For high-end hash power, a single ASIC could run you $3000 . That ASIC might earn you 10 dollars profit in the first month. Though due to the constant arms race of acquiring hashing power, your profits would decrease each subsequent month. Heres a look at the increasing Bitcoin hash rate over the last year. Performing trillions of hashes per second come with some downsides. Due to the intensehashing, these ASICs give off some serious heat and require proper cooling. In order to cool the chips effectively, thats going to require fans and a lot of noise. Just take a listen. And with great power comes great electricity. These ASICs will cost you a significant amount of Continue reading >>

Bitmain Out The Bushes With Asic Ethereum Miner

Bitmain Out The Bushes With Asic Ethereum Miner

China's Bitcoin mining giant Bitmain is working on an Ethereum ASIC miner, the Antminer F3, according to The report states that the Antminer F3 will be mounted with three motherboards with six ASICs per motherboard, as well as 32 x 1GB DDR3 memory chips. Apparently the new ETH ASIC chips will begin production later this month, with the ASICs hitting 200-200MH/s. The cost of each Antminer F3 will be between $2500 and $3000. The F3 miner is expected to hit the market in Q2 or Q3 2018, said reports. 72 GB DRAM outperforms most of the GPU-based mining rigs in the market now. Mining specialists say Bitmain's demand for DRAM memory is around 3,000 pieces of 12 inch wafers per month. Bitcoin mining migrated from CPUs to GPU's to FPGAs and now to ASICs. However, Ethereum is putatively ASIC-resistant; its ethash proof of work (PoW) mining algorithm is "memory hard" or memory bound. Without going into an inappropriate level of detail, this means that calculating the PoW requires choosing subsets of a fixed resource dependent on the nonce and block header. This resource (a few gigabyte size data) is a pseudorandom dataset called a DAG (Direct Acyclic Graph), which is regenerated every 30,000 blocks, or about every five days. Vijay Pradeep, a Silicon Valley robotics engineer and angel investor, who is interested in memory hardness, said: "Note that this Bitmain ASIC has a bunch of DDR controllers, connecting it to a huge bank of DRAM. So, architecturally, this looks vastly different than the Bitcoin miners on the market today." Predeep has posted about ways to customize Ethereum mining hardware, specifically how to design a high memory bandwidth FPGA/ASIC board. He added: "The Bitmain approach is not a magic bullet for mining. With bitcoin mining, moving from GPU to ASIC gave an o Continue reading >>

Samsung Is Making An Asic To Mine Bitcoin And Ether So Is Gpu-mining Of Ether Going To Be Non Profitable?

Samsung Is Making An Asic To Mine Bitcoin And Ether So Is Gpu-mining Of Ether Going To Be Non Profitable?

Samsung is making an ASIC to mine bitcoin and ether so is GPU-mining of ether going to be non profitable? To start, it's impossible to make an "ASIC to mine bitcoin and ether", because an ASIC that was made to mine both would be horribly inefficient at both, since the mining algorithms are so different. It's hard to say realy. GPU-mining is already non profitable for Bitcoin, but obviously is the most profitable type of mining for Ethereum. Samsung has released very little information. In my opinion, it's unlikely that any ASICs that Samsung develops for Ethereum mining would be much more than a specialized GPU anyway. Add to this that Ethereum is most likely going to be abandoning PoW based consensus in favor of PoS based consensus within the next 2 years, it's a moot conversation really. Continue reading >>

Ethereum Asic Chips Potential Board Layout

Ethereum Asic Chips Potential Board Layout

At a time when the world of crypto is going mainstream, the technology has also been advancing quite a lot. When crypto mining started, it used to take place on GPUs. However, it later advanced to ASICs. This led to the development of crypto coins that were apparently resistant to ASIC mining. Ethereum ASIC Chips Leading In ASIC Development One of the leading makers of ASIC miners, Bitmain, is apparently developing an ASIC miner for the Ethereum blockchain . Today, most Ethereum miners use rigs based on GPUs to mine ETH. It has led to the skyrocketing costs of GPUs. The result is that it has led to a serious shortage of GPUs for the gaming sector. However, this may soon become an issue of the past. This is despite the fact that Ethereum was built to be ASIC-proof. The new miner will apparently be called the Antminer F3. It is rumored that the release will take place in Q2 or Q3 2018. This announcement comes amid reports that Ethereum will eventually switch to PoS. It is also speculated that the price of ETH could finally surpass that of Bitcoin by the end of the year. Thus, some have speculated that this may be an attempt by Bitmain to cash in before the PoS switch happens and the price shoots to the moon. Ethereum ASIC Chips Potential Board Layout Rumors indicate that the F3 ETH miner will come with three mainboards. Each board is going to be mounted with six ASIC processors. The processors will each have 32 1GB memory chips of the DDR3 standard. It makes this miner quite powerful . Combined with the low power consumption of Bitmain products, this could put the homemade GPU miners out of business. However, producing these chips may be a hassle due to supply constraints. Enter Your Email To Receive Weekly Cryptocurrency Coin Reviews, News & Investing Insights I will ne Continue reading >>

[2018-02-12]bitmain To Release Ethereum Asic Miner F3 With 72gb Ddr3 Dram In Q2

[2018-02-12]bitmain To Release Ethereum Asic Miner F3 With 72gb Ddr3 Dram In Q2

[2018-02-12]Bitmain To Release Ethereum ASIC Miner F3 With 72Gb DDR3 Dram In Q2 According to Technews, Bitmain is about to release the Ethereum ASIC miner F3 in Q2 or Q3 2018. Bitmain is about to release F3, the ethereum ASIC miner. Its reported that every miner is mounted with 3 mainboards. On each mainboard there are 6 ASIC processors, each of which has 32 1GB DDR3 memory. Therefore, one unit of F3 miner contains 72 Gigabyte DRAM memory. I have doubts on the math of the report because the numbers doesnt add up.But 72G DRAM seems reasonable and already outperforms most of the GPU-based mining rigs in the market now. The bottleneck of Bitmains mass production is supply of Dram memory, which explains why Bitmain is frequent visiting storage supplier in Taiwan. The demand of Bitmain is around 3,000 pieces of 12 inch wafers per month. Ethereum ASIC chips will enter mass production stage in February 2018 by TSMCs 28nm process. The F3 miner is expected to hit the market in Q2 or Q3 2018. The ethhash power algorithm of Ethereum is designed to be ASIC proof. But just like Charlie Lee put it: I think ASICs are inevitable when the coin is valuable. But thats not a bad thing. Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. If news is confirm it is the end of GPU mining for AMD. All people mining ETH will go to Cryptonight and diff gonna explose... Promocode HIVEOS: IMPASSENET (10 dollars on your account) I though that developing Ethereum ASIC would be unprofitable because of their plans to switch to PoS, but it seems like Bitmain has calculated otherwise. Maybe it will be usable to mine other coins with the same algorithm. But since it won't be able to mine all GPU algorithms, GPU mining Continue reading >>

Ethereum Miner ~ 198mh/s @ 730w Asic Ether Miner | Eastshore Mining Devices

Ethereum Miner ~ 198mh/s @ 730w Asic Ether Miner | Eastshore Mining Devices

Technical support and repairing service are available for the full-life of the miner. You are protected from purchase from Click to Delivery. And you enjoy escrow for your purchase at our store on Aliexpress . Your order does not arrive within the delivery time promised by EastShore Or, product received is significantly different from EastShores description If you do not receive your purchase within 23 days(which exclude preorder items or shipping delay caused by customs reasons, wars or any other contingencies beyond the EastShores control), you can ask for a full refund before order completion. Register an account on the site, adding products to cart, fill your desired quantity, choose destination country, shipping cost and total price will show. Follow the system, payment options and related info will show. After placing an order and payment made, you will receive an email from us acknowledging youre your order has been confirmed and your order status will be changed to awaiting shipment. Your order status will be changed to shipped when tracking number is assigned for your order. You can review the status of your order at any time in your user account. Prices of products on the site are in a USD value. The price of bitcoin mining machines has to be adjusted frequently in accordance with variables such as BTC value and market circumstance. Refund requests based on price changes cannot be honored. The payments for orders are accepted through the Bitcoin (BTC) payment network and other options such as wire transfer. In the event you choose to pay in BTC, the site will calculate and convert the USD value to BTC amount according to our chosen exchange rate (which is a weighted average from major Exchange sites around the world). Later changes to the exchange rate of USD Continue reading >>

Samsung Confirms It Is Making Asic Chips For Cryptocurrency Mining

Samsung Confirms It Is Making Asic Chips For Cryptocurrency Mining

Fresh from toppling Intel as the planets biggest seller of chipsets , Samsung has confirmed that it has begun manufacturingASIC chips which are used to mine bitcoin, ether and other cryptocurrencies. Samsungs foundry business is currently engaged in the manufacturing of cryptocurrency mining chips.However we are unable to disclose further details regarding our customers, a company spokesperson told TechCrunch. Samsung declined to provide more details when we asked. The statement follows reports in Korea media which claimed that the tech giant had made the move in collaboration with an unnamed Chinese distribution partner. Samsung already produces high-capacity memory chips for GPUs , which are conventionally used to handle graphics on computers but are also deployed for mining purposes. The news brings big-name competition to the ASIC space, which is dominated by Chinas Bitmain and Canaan Creative , both of which work with Taiwanese giant TSMC. Indeed, the crypto explosion is said to have added $350-$400 million to TSMCs (already impressive) quarterly revenues. How Samsung fits into this equation isnt clear right now. At a base level, it will rival TSMC which it knows well from competing in other industry segments for the attention of companies that build and sell finishedmining products in the market. But, if Samsungs move bringson new partners or if it makes hardware itself, then it could enable competitors to Bitmain and co. All the same, itll take some major business for cryptohave a noticeable impact on Samsungs bottom line. The Korean firm booked an incredible $69 billion in chip sales in 2017 thanks mainly to the smartphone industry. Note: The author owns a small amount of cryptocurrency. Enough to gain an understanding, not enough to change a life. Continue reading >>

Samsung Asic Chips - Positive News For Miners

Samsung Asic Chips - Positive News For Miners

Samsung ASIC Chips - Positive News for Miners Samsungs foray into ASIC chip manufacturing is good news for the global mining community. Technology giants Samsung are said to be entering the cryptocurrency world in a move that has positive ramifications for miners at large. As reported earlier this week in Korean news outlet The Bell , the South Korean conglomerate will produce Application-Specific Integrated Circuits (ASIC) processing chips in its own foundry in a deal with Taiwanese manufacturer TSMC. Ironically, TSMC provides the ASIC chips used in Bitmains Antminers, but its new partnership with Samsung could well provide the first real competitor to Bitmains chip manufacturing ventures. Chinese mining giant Bitmain has long had a monopoly on the mining community. Having developed ASIC chips, Bitmain quickly turned the Bitcoin mining game on its head. ASIC miners, which are highly efficient at solving the SHA256 algorithm used to confirm transactions on the Bitcoin blockchain, outperform traditional GPUs - which muscled hobby miners and their existing graphics cards out of the market . With its own mining farms powered by its in-house, signature ASIC Antminers, Bitmain has become somewhat of a black sheep in the mining community due to its 29% global hashing power dominance through its Antpool and BTC.com mining pools. Samsungs foray into the cryptocurrency mining space has a number of ramifications for the mining community. It signals the arrival of a mainstream, global electronics conglomerate to the cryptocurrency space. Samsung has established itself as one of the top global producers of high quality electronics, and its looking likely that its ASIC chips will be highly efficient and powerful. A number of mainstream tech firms may consider following suit - given Continue reading >>

Samsung Confirms It's Now Making Crypto Mining Chips

Samsung Confirms It's Now Making Crypto Mining Chips

Samsung Confirms It's Now Making Crypto Mining Chips Feb 1, 2018 at 15:00 UTC|UpdatedFeb 2, 2018 at 03:06 UTC Samsung has confirmed it is now manufacturing specialized cryptocurrency mining chips after reports to that effect surfaced this week. South Korean news outlet The Bell first revealed the news on Jan. 30, stating that Samsung was kicking off manufacturing in January, aiming to provide application-specific integrated circuits (ASICs) to an unnamed Chinese mining firm. A company spokesperson has since told TechCrunch : "Samsung's foundry business is currently engaged in the manufacturing cryptocurrency mining chips." The South Korean tech giant, however, did not provide any details on its customers or the chips, TechCrunch states. Still, in its recent fourth quarter and fiscal year 2017 results report yesterday, Samsung talked about the growing demand for cryptocurrency mining, stating that in 2018 it will provide 8nm and 11nm processors to meet market needs, as well as start a "risk production" of 7nm chips. Samsung's move into the cryptocurrency mining space will undoubtedly bring serious competition to China-based Bitmain, which claims to hold over 70 percent of the market share and uses ASICS from Taiwanese manufacturer TSMC. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>

Theres No Point In Bitmain Developing An Ethereum Asic Miner

Theres No Point In Bitmain Developing An Ethereum Asic Miner

There are rumors on the internetthat Bitmain is working on yet another cryptocurrency mining hardware unit. While that in itself is not spectacular by any means especially because it is the companys business model this latest venture would focus on Ethereum ASIC mining. Although it remains to be seen if there is any truth to these rumors, the prospect of an Ethereum ASIC mining unit is quite interesting, for obvious reasons. An ASIC Miner for Ethereum Makes no Sense While some peoplehave speculated that Bitmain is working on a new ASIC mining device for Ethereum, theres no real evidence to back up these claims. Supposedly, this projectis code-named Antminer F3 and will consist of three mainboards. With 6 ASIC processors per board, therumored unit has 72 GB of DRAM memory andis capable of achieving speeds of up to 220 MH/s. It sounds like a dream come true for a lot of Ethereum miners, even though its highly unlikely such a system will ever be created. It would take a lot of money and research to develop a new ASIC mining unit for Ethereum. Even though the altcoins algorithm is not ASIC-resistant by any means, there is no reason for companies such as Bitmain to explore ASIC ventures in the Ethereum ecosystem.Thats because there is a very real chance that Ethereum will switch to proof-of-stake in the near future, which would render any real mining efforts completely obsolete. Whenthe switch to PoS will occur exactly has yet to be determined, though. Especially with GPU mining becoming so popular, an ASIC miner is not necessarily a good thing for Ethereum. If an ASIC device were to be released for Ethereum, it would shake up the entire mining ecosystem in many ways. Getting your hands on one of those units would be quite challenging as well, since these machineswould be i Continue reading >>

First Ethereum Asic Miners Released By Hminers

First Ethereum Asic Miners Released By Hminers

First Ethereum ASIC Miners Released by Hminers Miami, FL, September 01, 2017 --( PR.com )-- HMiners ( ) is now making a strong impact in the global cryptocurrency market with their three powerful mining rigs that have already proven their efficiency in Bitcoin, Litecoin, Dash, and Ethereum mining. The company claims that these are the first ever mining rigs that can run on SHA-256, Scrypt, Etehash, and X11 mining algorithms. Using the H2U Miner, H4U Miner, and Rack Equipped with 5 x H4U from the company, many users have already been able to receive a 100% return on their investment within just one month. In the language of technology, an algorithm is defined as a self-contained sequence of actions capable of carrying out data processing, calculation and automated reasoning tasks. SHA-256 stands for Secure Hash Algorithm, and is the most commonly used algorithm for Bitcoin mining. Scrypt is a multi-layered algorithm that is faster compared to SHA-256 because of its capability to set the hash size to a smaller number, and is used extensively for Litecoin mining. X11 is a relatively new algorithm known for its extraordinary energy-efficiency while mining with a CPU or GPU. The most advanced of all, Ethash is the Proof of Work hashing algorithm for Ethereum mining. Though the field of cryptocurrency has experienced significant developments over the years, not much has been done so far in terms developing mining rigs capable of mining Ethereum. The team at HMiners has spent months in evaluating, prototyping, and extreme-condition pressure testing their three miners before starting their mass production. The most noteworthy feature of these products is their ability to mine Ethereum with extremely high hash rates, while maintaining low power consumption. Many Ethereum miners Continue reading >>

Asic Or Gpus For Mining What Should You Invest In?

Asic Or Gpus For Mining What Should You Invest In?

GPU and ASIC are Bitcoin mining hardware among others, that come with different mining speeds, features and costs. The Bitcoin mining hardware evolved in four steps. First came CPUs (Central Processing Units), This was followed by GPUs (Graphic Processing Units) that increased mining speed by 50 to 100 times. FPGAs (Field-programmable Gate Arrays) came in 2011 that solely concentrated on Bitcoin mining. They reduced power-consumption and increased speed by making specialised mining farms possible for the first time. Finally ASICs (Application specific integrated circuit chips) evolved, that took over the mining industry completely. This was mainly because they were created solely to solve mining blocks. They substantially increased mining speed while extensively reducing power consumption. Both GPUs and ASICs are highly preferred mining hardware today. In GPU, a graphic card solves complex algorithm whereas in ASIC, a Bitcoin machine solves the complex algorithm, both in order to gain rewards. The basic difference is that while GPUs are fast, ASICs are much faster. But while GPUs are relatively flexible, ASICs are limited to a narrow set of functions. Also, ASICs are comparatively more expensive than GPUs. This occurs due to technical differenced between both the chips. GPUs have many instruction sets and libraries that allow them to operate on locally stored data. They basically act as accelerators for parallel-working algorithms and are very efficient at performing matrix operations. This not only makes them fast but flexible too. On the other hand, ASIC chips have the whole logic area of chip which is solely dedicated to a narrow set of functions. Due to concise data, they work extremely fast but this conciseness prevents them to operate broadly and limits their fun Continue reading >>

Best Bitcoin Mining Hardware Reviewed March 2018: Asic Litecoin, Ethereum Miner Rig

Best Bitcoin Mining Hardware Reviewed March 2018: Asic Litecoin, Ethereum Miner Rig

Bestseller No. 5 Bitmain Antminer S9 Bitcoin Miner, 0.098 J/GH... Since Bitcoin is here to stay, you should start thinking about how you can get your hands on this precious digital currency . To do that, you will need to pick one of the best Bitcoin mining hardware that is available on the market right now. The only way of ensuring that those BTC find their way into your wallet is by selecting the best ASIC miner. With the changing levels of Bitcoin mining, some of the best Bitcoin mining hardware has also changed with time. Mining Bitcoins can only be profitable and fun if you have affordable electricity, the best Bitcoin mining hardware as well as an efficient Bitcoin mining machine. Certain area's cheap electricity has made Bitcoin mining so competitive. As indicated earlier, the constantly shifting levels of Bitcoin mining has caused the change that has been witnessed in the market for Bitcoin mining hardware. This is how Bitcoin mining hardware have been changing over the years. Bitcoins creator, Satoshi Nakamoto, had intended for this cryptocurrency to be mined on CPUs. An ordinary PC would suffice in the early days of Bitcoin, but today, mining Bitcoin with a PC is not only impossible but also impractical. GPUs were the next available option for miners after noticing that the CPUs were becoming slower with each given day. They realized that the energy consumption of graphics cards was quite high, and so they could be used to mine Bitcoins. AMD GPUs are actually the best in this regard. The shift from CPU to GPU did not only change the mining speed but also maximized the energy consumption. The Field Programmable Gate Arrays became the next available solution. This is the main difference that exists between GPU and FPGA, both as the best Bitcoin mining rigs: A 60 Continue reading >>

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