What is an ASIC miner, what are its advantages and disadvantages. Rating of the best models

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What is ASIC

To mine bitcoin or other cryptocurrencies that work on a proof-of-work model, miners need a computer. It has to solve complex puzzles. The device that does it first will be allowed to create a new block in the blockchain and will be rewarded with a certain amount of coins. The more powerful the computer, the better the chances of solving the puzzle.

An ASIC is a device that performs only one task: mining cryptocurrency. Because it focuses on only one task, it is much more powerful than conventional processors or video cards for mining. Therefore, an asic is capable of mining more coins.

Each type of ashik can mine only certain types of cryptocurrencies. They are defined by the hashing method.

Hashing is the transformation of any amount of information into a unique set of characters.

For example, an ASIC with a SHA-256 hashing algorithm can only mine bitcoins, pircoins, and so on. That is, coins that work on this hashing algorithm.

Because of the high energy costs associated with using asics for mining, it is profitable to use these devices only for coins with a high capitalization. For example, bitcoin, etherium and so on.

How to choose an ashik for mining

The blog of Bitcoin Miner, a company that offers mining equipment, says: The cryptocurrency you mine should bring in more than you spend on equipment and electricity.

When you choose an ashik for mining, it is important to evaluate each of the devices according to the following parameters.

·        Hashrate. This is a unit of measurement of computing power in a certain time, i.e. the speed at which the ASIC-miner mines blocks. Usually expressed in Gh/s, Th/s or Mh/s.

·        Electricity consumption. Electricity bills can greatly affect your profits. To reduce costs, you can switch to a cheaper form of energy, or you can mine from another country where electricity is cheaper.

·        Price. The more bitcoins your ASIC miner can mine, the more expensive it will cost. Your budget should contain not only the amount you are willing to spend to buy the equipment, but also money for maintenance. 

·        Energy efficiency. This index can be calculated by dividing the energy consumption over a certain period of time by the number of blocks the integrated circuit produces during that time. If you are comparing several devices, choose the one with the lower coefficient.

·        Which currencies can be mined. A device with one hashing algorithm or another can mine a limited number of currencies. Choose the ones you believe in.

·        The place where you will install an ashik for mining. These devices are quite loud and generate a lot of heat, so it is unlikely that you can place it in an apartment. However, a basement or a garage might be suitable.

Hiveon, which offers operating systems for miners, advises to consider the amount of current flowing through the outlet. If an ASIC consumes several thousand watts, your home electrical system or outlet may not be able to handle such a heavy load. Therefore, it is better to contact an electrician and check whether such a constant load will be safe.

Advantages and disadvantages of ASIC miner 

Asics can cost more than other mining equipment, such as a video card or processor, but they have some advantages:

1.      They are easy to set up. Due to the fact that each ASIC miner is designed to mine only certain types of cryptocurrencies, it does not need to be further configured.

2.      They have a high hash rate. Therefore, they can mine more crypto compared to GPUs and CPUs.

3.      Give relatively high profits compared to other miners. The more coins you can mine, the more you will earn. However, you should also consider the cost of electricity.

4.      Energy efficient. In other words, they use less energy per unit. Mining asics are considered to be powerful equipment that uses a lot of energy. But because they can mine more coins in the same amount of time, they are more energy efficient than other processors.

Here are a few drawbacks of the ASIC miner:

·        You won’t be able to use it for anything other than mining specific coins.

·        They require high energy costs. That’s why sometimes it’s not practical to use them at all.

·        Very noisy. Mining asics get very hot and need constant cooling. You will have to install fans which run non-stop. And the device itself makes a lot of noise.

·        They are quite expensive. You can buy equipment for 12 thousand UAH, but there are models more expensive than 100 thousand UAH. Their price depends on the hash rate and whether the ASIC has been used or not.

Setting up asics for mining

Here is how to set up an ASIC miner.

1.      Connect to a power source. 

2.      Connect to the Internet. For the best connection, use cable Internet, but you can also use Wi-Fi.

3.      Get access to the router. To get the IP address of the miner, you must enter the router’s configuration menu. The router manufacturer or your ISP should give you instructions with your router username and password.

4.      Determine the IP address of the miner. In your router’s settings, you can see all the connected devices and their IP addresses. To find out which one belongs to your mining assic, you can copy each one and paste it into the search box until you see that you are asked to enter your ASIC username and password.

5.      Log in to your personal area of your equipment. You can learn your ASIC username and password from the installation instructions. Once you are logged into your device’s operating system, you can start setting up your mining pool and wallet address. Do not close your browser until you have these addresses.

6.      Create a wallet. If you still don’t have a wallet, you should create one. It can be an online wallet or in the form of a USB drive and so on. Then copy its address. 

7.      Sign up for a bitcoin pool. A bitcoin pool is an association of miners who mine cryptocurrency together. The remuneration received is divided between all the participants. After registration, you can choose the address of the pool server. It is better to choose the one that is geographically closer to you.

8.      Set up the miner. To do this, you need a link to your pool, your username and password. Paste them into the miner’s panel and save them. That’s how your miner will connect to the pool.

Rating of the best ASIC models for mining

Here are the 15 best ASICs for mining according to Hiveon:

Jasminer X4

·        Algorithm: Ethash

·        Hash rate: 2500 MH/s

·        Power: 1200W

·        Noise level: 75 dB

Jasminer X4 was released in November 2021. It was created based on Ethereum mining, so it supports any cryptocurrency based on the Ethash algorithm. ASIC miners of this series have good energy efficiency, that is, the ratio of energy used to the number of blocks mined.

Goldshell KD5

·        Algorithm: Kadena

·        Hash rate: 18 TH/s

·        Power: 2250W

·        Noise level: 80 dB

This miner was released in March 2021, but since then it has had no equal in Kadena mining. It is quite a noisy device, but with good energy efficiency. 

Innosilicon A11 Pro ETH

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·        Algorithm: Ethash

·        Hashrate: 15000 MN/s

·        Power: 2350W

·        Noise level: 75 dB

This is an ASIC for Ethereum mining that was released in November 2021. It has an average noise level.

iBeLink BM-K1 + 

·        Algorithm: Kadena

·        Hash rate: 15 TH/s

·        Power: 2250W

·        Noise level: 74 dB

iBeLink has been making ASIC miners since 2017. Their latest product iBeLink BM-K1+ has good performance in Kadena mining. It is also quite quiet compared to other models.

Bitmain Antminer L7 9500Mh

·        Algorithm: Scrypt

·        Hashrate: 9.5 GH/s

·        Power: 3425W

·        Noise level: 75 dB

Bitmain is the oldest known ASIC manufacturer in the world. The company was founded in 2013. Good power efficiency and average volume.

Innosilicon A10 Pro+ 7GB

·        Algorithm: Ethash

·        Hashrate: 750 MN/s

·        Power: 1350W

·        Noise level: 75 dB

The Innosilicon A10 Pro+ is another ASIC from Innosilicon. It has 7 GB of memory, which means it will be able to mine Ethereum until 2025, unless the blockchain moves to a proof of stake model sooner.

Jasminer X4-1U

·        Algorithm: Ethash

·        Hash rate: 520 MN/s

·        Power: 240W

·        Noise level: 65 dB

Quiet enough asic for mining. Its appearance is more similar to data center servers than standard ASIC miners. Therefore, if needed, they can be placed on the same rack.

Jasminer X4-1U. Source: BigskyASIC miners

Bitmain Antminer Z15

·        Algorithm: Equihash

·        Hashrate: 420 KSol/s

·        Power: 1510W

·        Noise level: 72 dB

Even though this miner was released in 2020, it’s still one of the best devices for Equihash mining. The noise level is also below average.

StrongU STU-U1++

·        Algorithm: Blake256R14

·        Hash rate: 52 TH/s

·        Power: 2200W

·        Noise level: 76 dB

StrongU STU-U1++ was created in 2019. It is one of the most energy-efficient devices for mining cryptocurrencies based on Blake256R14 algorithm. For example, Decred.

iPollo G1 

·        Algorithm: Cuckatoo32

·        Hashrate: 36GPS

·        Power: 2800W

·        Noise level: 75 dB

iPollo is the only company that makes ASIC miners for the Cuckatoo32 algorithm. That is, it mines Grin cryptocurrency. iPollo G1 was released in December 2020, and it is still one of the most energy-efficient miners compared to others.

Goldshell LT6

·        Algorithm: Scrypt

·        Hashrate: 3.35 GH/s

·        Power: 3200W

·        Noise level: 80 dB

The Goldshell LT6 was released in January 2022, so it’s one of the newest ASICs for mining. It’s loud enough.

MicroBT Whatsminer D1

·        Algorithm: Blake256R14

·        Hash rate: 48 TH/s

·        Power: 2200W

·        Noise level: 75 dB

MicroBT Whatsminer D1 was released in November 2018. It is slower than some other miners, but it has an average noise level. This mining asic can mine all cryptocurrencies that run on the Blake256R14 algorithm, such as Decred.

Bitmain Antminer S19J Pro 104Th

·        Algorithm: SHA-256

·        Hash rate: 104 TH/s

·        Power: 3068W

·        Noise level: 75 dB

ASIC for bitcoin mining. It was released in July 2021. It is one of the most energy efficient devices for mining the first cryptocurrency. In addition to bitcoins, you can mine other coins based on the SHA-256 algorithm. For example, Bitcoin Cash, Acoin and Peercoin.

iPollo B2

·        Algorithm: SHA-256

·        Hash rate: 110 TH/s

·        Power: 3250W

·        Noise level: 75 dB

iPollo B2 was released in October 2021. Like the previous version in this list, it too can mine bitcoin or cryptocurrencies based on SHA-256 algorithm. Compared to the Bitmain Antminer S19J Pro 104Th, the iPollo B2 is capable of mining more crypto, but also consumes more power. The noise level is average.

Goldshell KD2

·        Algorithm: Kadena

·        Hash rate: 6 TH/s

·        Power: 830W

·        Noise level: 55 dB

The Goldshell KD2 is the quietest ASIC miner on this list. It was released in March 2021. It is quite an energy efficient device.

Asic miner table with hash rate and efficiency

ModelHashrateEffectiveness
SHA-256 mining asics
Bitmain Antminer S19 Pro110 Th/s29.5 W/Th.
MicroBT Whatsminer M30S++112 Th/s32.5 W/Th.
MicroBT Whatsminer M30S+100 Th/s34 W/Th
Bitmain Antminer S1995 Th/s34 W/Th
Canaan AvalonMiner 124690 Th/s36 W/Th
MicroBT Whatsminer M30S86 Th/s37 W/Th
Bitmain Antminer T1984 Th/s38 W/Th
Canaan AvalonMiner 1166 Pro81 Th/s39 W/Th
Bitmain Antminer S17+73 Th/s40 W/Th
MicroBT Whatsminer M31S76 Th/s42 W/Th.
Bitmain Antminer S17e64 Th/s45 W/Th
Bitmain Antminer S1759 Th/s40 W/Th
Canaan Avalon 116668 Th/s47 W/Th
Innosilicon T3+67 Th/s49 W/Th
Bitmain Antminer T1764 Th/s50 W/Th
MicroBT Whatsminer M21S58 Th/s57 W/Th
Canaan Avalon 114656 Th/s57 W/Th
Bitmain Antminer T17e53 Th/s57 W/Th
Ebang EBIT E12+50 Th/s45 W/Th
Asics for mining on the Equihash algorithm
Bitmain Antminer Z15420 kh/s3.6 W/kh
Bitmain Antminer Z11135 kh/s10.5 W/kh
Innosilicon A9++ ZMaster140 kh/s11 W/kh
Innosilicon A9+ ZMaster120 kh/s11.25 W/kh.
Innosilicon A9 ZMaster50 kh/s12.5 W/kh
Asics for mining on the X11 algorithm
StrongU STU-U6440 Gh/s5 W/Gh.
Spondoolies SPx36540 Gh/s8 W/Gh.
FusionSilicon X7+320 Gh/s6.25 W/Gh.
FusionSilicon X7262 Gh/s4.9 W/Gh.
Asics for mining on the X12 algorithm
BlackMiner F1+65 Gh/s13.85 W/Gh.
Asics for mining on the Blake256R14 algorithm
StrongU STU-U1++52 Th/s42 W/Th.
MicroBT Whatsminer D148 Th/s48 W/Th
Bitmain Antminer DR534 Th/s53 W/Th.
StrongU STU-U1+12 Th/s60 W/Th
Asics for mining on Lyra2REv2 algorithm
FusionSilicon X112.96 Gh/s85 W/Gh.
Dayun Zig Z1 Pro13 Gh/s115 W/Gh.
Asics for mining on the Blake 2B algorithm
Obelisk SC1 Immersion2.2 Th/s727 W/Th.
Obelisk SC1 Dual1.10 Th/s818 W/Th.
Obelisk SC1 Slim550 Gh/s820 W/Th
Asics for mining on the Scrypt algorithm
Bitmain Antminer L79.5 Gh/s360 W/Gh.
Innosilicon A6+ LTC Master2.2 Gh/s955 W/Gh.
Goldshell LT52.05 Gh/s1014 W/Gh.
Innosilicon A6 LTCMaster1.23 Gh/s955 W/Gh.
Bitmain Antminer L3++596 Mh/s1220 W/Mh.
Asics for mining on the Tensority algorithm
Bitmain Antminer B796 kh/s5.5 W/kh
Asics for CryptoNight mining algorithm
Antminer X3220 kh/s2.27 kh/s
Asics for mining on the Ethash algorithm
Bitmain Antminer E93 Gh/s0.85 W/Mh
Innosilicon A11 Pro ETH2 Gh/s1.25 W/Mh
Innosilicon A10 Pro+ 7GB750 Mh/s1.75 W/Mh
Innosilicon A10 ETHMaster 500500 Mh/s1.5 W/Mh

Conclusion

An ASIC miner is a device that performs only one task: mining cryptocurrency. It is more powerful than video cards and processors, which can also be used to mine coins, so it is able to mine more cryptocurrencies.

To choose an ashik for mining, you need to consider your budget, the place where you will install it. The device itself should be evaluated according to the following parameters: 

·        hashrate;

·        noise level;

·        power consumption;

·        energy efficiency;

·        coins that he will be able to mine.