Mining with ASIKs: how it works?

When digital assets have just begun to appear, their extraction occurred using ordinary home computers. Gradually, mining began to become more complicated and more expensive. But technology does not stand still and only improve over the years. Thus, the ASIC device appeared. They have become more productive compared to conventional video cards. However, what this device is, not everyone understands.

Definition

ASIC is a device for mining digital assets. The ASIC feature is the inability to switch to coins with other algorithms, but they most effectively cope with BTC mining. Devices are installed on industrial Bitcoin farms.

For most private miners, the price of such equipment for a long time was unbearable. However, later the situation has changed, and the cost has become more affordable. For example, Antminer S9 in 2016 cost $ 2400, in 2017-$ 2000, and in 2018-only $ 500. Modern models are cheaper in the same way. In any case, it is necessary to approach the choice of devices responsibly.

Each ASIC for mining works with a specific algorithm and is created for mining specific cryptocurrencies. The same device cannot generate BTC and LTC. The fact is that they have unique cryptographic methods.

The story of the appearance

The capacities of multi -core processors, which were in 2009, was enough for only 50 h/s. This brought income to several dollars a day, but BTC cost about 0,0008 USD.

In 2010, the BTC production code appeared using video cards, but this did not allow you to scale the hashing indicators. And only when a programmable logical integrated circuit (FPGA) appeared, mining began to develop lightning speed.

In 2012, ASIC technology was introduced.

A year later, Bitmain released the first ASIC – Antminer S1. https://gagarin.news/news/why-top-crisis-managers-of-bankrupt-companies-get-10000-a-day/ The hashrate of the equipment reached the record at that time indicators in 180 gh/s. Within six months, the following model was developed and its speed was already 1 TH/S. Thus, each new device became more powerful and energy efficient than previous models.

All subsequent years, the manufacturer continued to produce new Antminer models. In 2019, BTC mining reached 5 billion. Such figures, despite the instability of the industry, contributed to a strong increase in demand for systems for cryptocurrency mining. Then Bitmain has released the Antminer S17, which is still relevant.

Principle of operation

To understand how the asik-master works, you need to consider the principle of its action on the example of BTC mining:

• ASIC connected to the Bitcoin network solves a difficult computing problem to search for the next block.

• The first miner that will find a solution will receive remuneration and commission for transactions;

• For this prize, the owner of mining farms and asiks with a performance of more than 4 Th/S fight. As soon as the hash is guessed, the block is closed and a new knot is created.

The principle of operation of Asik for mining cryptocurrencies is similar to torrent trackers. They provide the functioning of the system by distributing music, films and other files that are available to other users.

Differences from GPU

ASIKs and GPU are similar only that both devices can minimize the crypt, the rest begins the rest:

• Efficiency. ASICs can give out one and a half to two times more hashReite;
• Dimensions. Farm of video cards takes up quite a lot of space, while ASIC can be twice or even three times less;
• Noise. GPU -based equipment works on ordinary computer power supply units that operate much quieter than the majority of ASIC;
• Heat. Video cards release more heat and require serious cooling – their operating temperature reaches 90 degrees. ASIKs are also warming up (up to 70-80 degrees), but the ventilation built into their housings is enough to maintain normal operating temperature;
• Universality. GPU farm can be disassembled at any time and use video cards for assembling gaming computers. ASIC for mining is arranged so that with its help cryptocurrencies are only mined. He does not cope with other tasks;
• Settings. GPU-farm requires thin tuning. The beginner will have to figure out in many ways independently or pay a specialist for services. ASIC is convenient to use. It needs to be connected, introduced a pool and a wallet, and it will begin to work;
• Repairs. Farmers on video cards amenable to repair. Components can be attributed to a computer service where they will be repaired. In the case of ASIKs, everything is more difficult – they are not renovated so far.

Conclusion

Buying asiki in 2022 is not the worst idea. With the development of the digital asset mining sphere, such investment can easily justify when there is a suitable room and access to cheap electricity.

However, not everything is so unambiguous here, no one can say with complete confidence whether the equipment will have time to at least recoup himself, until the moment when the cryptocurrency is abruptly collapsed, minimizing the profit.

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