Ethereum asic miner reddit

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Sep 14, 2018 · Chen Min, the former chief chip maker at Bitcoin mining chip developer Canaan Creative, is turning her attention to Ethereum. Announcing her venture at the Ethereum Classic Summit in Seoul, South Korea, Chen’s new company, Linzhi, will focus on building cryptocurrency mining devices, and its first official products are a series of application-specific integrated circuit (ASIC) miners

Ethereum miners use the processing power of their graphical processing units (GPUs) to solve the cryptographic puzzles instead of the much more expensive ASIC miners that are used for Bitcoin mining. This also means that mining rigs aren’t interchangeable between Bitcoin and Ethereum, although there is a variety of cryptocurrencies that can Shenzhen, China-based mining firm Linzhi Inc. has begun rolling out a new Ethereum ASIC miner dubbed the Phoenix, reportedly three times more powerful than top options available today. As reported Jan 08, 2020 · While at first Bitcoin could only be mined with CPU power, in 2013, a new type of mining hardware emerged the ASIC miner (Application Specific Integrated Circuit). ASICs are special hardware designed only for mining cryptocurrencies that are based on the Proof of Work protocol, such as Bitcoin, Bitcoin Cash , Ethereum , etc. There is a lot of talk going on around the new generation of Ethash ASIC miners for mining Ethereum (ETH) that are expected to be released for order in the following few months, although nothing is official or really 100% confirmed, but both devices are expected to have hashrate higher than 2000 MH/s. ASIC Miner -ethereum asic miner for sale BITMAIN ANTMINER S19 PRO 95Th/s 110Th/s Innosilicon G32-1800 Innosilicon G32-500 Innosilicon G32-Mini Obelisk SC1 Immersion Bitmain Antminer S17+ (73Th) StrongU STU-U6 1 day ago · Calculate how profitable it is to mine selected altcoins in comparison to ethereum or bitcoin $55,678.99 $145.88 $1,742.53 $217.93 $11.58 $217.87 $203.90 Follow @WhatToMine dark mode GPU Feb 03, 2021 · There is a lot of talk going on around the new generation of Ethash ASIC miners for mining Ethereum (ETH) that are expected to be released for order in the following few months, although nothing is official or really 100% confirmed, but both devices are expected to have hashrate higher than 2000 MH/s.

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These users seem to be on ASIC. All of their machine are running at 500 MH/s. They started mining from 26th March. Will ASIC miners work with ethereum 2.0? Close. Vote. Posted by 1 minute ago.

Jan 23, 2021 · Ethereum price reached an all-time high the other day surpassing the previous record of $1,420. In the meantime, Bitcoin not only hit a new record, but doubled the previous one in the first half of January. This led to the growing popularity of ETH mining, and so higher demand resulted in higher supply. Innosilicon released its new flagship ASIC.

Ethereum asic miner reddit

Example: ASIC-1 Bitmain, the largest manufacturers of mining ASICs have just announced the launch of F3 Ethereum ASIC miner.It is designed specifically to process Ethereum transactions and claim the protocol rewards. The Antminer F3 is said to mine about 200 megahashes per second requiring about 800 Watts of power to do so, which is equivalent of 50 RX570 GPUs.

Here's an explanation of Ethereum EIPs and where to find them - Eth is getting an update EIP1559 which is a great in terms of resolving the transaction fee/scalability issue that Ethereum has been plagued by. There are some other interesting EIPs to check out and be informed about too

Ethereum asic miner reddit

Now what would you do if you have developped an ASIC 62.2x more efficient than Bitmain's and you feel a sentiment becoming stronger in the Ethereum community (to fork ASICs off)? EXACTLY I would put out a PR right then and there saying I will release a 62.2x more efficient ASIC miner to the market in the beginning of the next year. Ethereum uses a Proof-of-Work consensus, like Bitcoin, although it has some specificities of its own: hashing function is Ethash and a block is added every 15 seconds. Ethers are generated as a miner’s reward for adding a block, however there’s no hard cap on their total emission.

Ethereum asic miner reddit

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Linzhi Inc. rolled out new Ethereum ASIC miner. Linzhi Inc. a China-based crypto mining firm, has started rolling out a new Ethereum ASIC miner, dubbed the Phoenix. According to a demo released by F2 pool, the Phoenix outpaced rival Innosilicon's A10 Pro ETH miner, in terms of processing power and energy efficiency. Key takeaway Mining is a competitive process, and one lucky miner generates an acceptable proof of work every ten minutes. Miners work together in pools to increase the chances of completing a block. Once a block is added to the blockchain, it can’t be altered. Both Bitcoin and Ethereum use the proof of work system; The Tools used to mine Bitcoin and Ethereum Miners profitability.

But the news has hardly received a warm response from ethereum’s community. Ethereum miners use the processing power of their graphical processing units (GPUs) to solve the cryptographic puzzles instead of the much more expensive ASIC miners that are used for Bitcoin mining. This also means that mining rigs aren’t interchangeable between Bitcoin and Ethereum, although there is a variety of cryptocurrencies that can Shenzhen, China-based mining firm Linzhi Inc. has begun rolling out a new Ethereum ASIC miner dubbed the Phoenix, reportedly three times more powerful than top options available today. As reported Jan 08, 2020 · While at first Bitcoin could only be mined with CPU power, in 2013, a new type of mining hardware emerged the ASIC miner (Application Specific Integrated Circuit). ASICs are special hardware designed only for mining cryptocurrencies that are based on the Proof of Work protocol, such as Bitcoin, Bitcoin Cash , Ethereum , etc. There is a lot of talk going on around the new generation of Ethash ASIC miners for mining Ethereum (ETH) that are expected to be released for order in the following few months, although nothing is official or really 100% confirmed, but both devices are expected to have hashrate higher than 2000 MH/s.

Ethereum asic miner reddit

I wrote a script to track ASIC miners using public information and eth.sparkpool.com API. Here are what I have found so far. These users seem to be on ASIC. All of their machine are running at 500 MH/s. They started mining from 26th March. Here's an explanation of Ethereum EIPs and where to find them - Eth is getting an update EIP1559 which is a great in terms of resolving the transaction fee/scalability issue that Ethereum has been plagued by. There are some other interesting EIPs to check out and be informed about too There are talks in the YouTube mining community of a demonstration to show the eth devs that the miners are the more important to the success of Ethereum than they acknowledge.

Nonetheless, there are some developers that a code change could be implemented as part of a network upgrade. The algorithm that is being debated is known as ProgPoW and is one of the most interesting improvement proposal (EIP) on the network. Jan 11, 2021 · According to ASIC miner value only the following miners are profitable at mining scrypt coins currently.

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CoinMarketApp now with Portfolio enables you quick and easy access to Reddit News: Cryptocurrency, Cryptomarkets, Altcoin, Bitcoin, BTC, Ethereum and Litecoin Subreddits *3 - Equipment: AMD, Asic Miner Market, nV Feb 6, 2021 Ethereum mining is incredibly profitable on Nvidia's RTX 30 series GPUs, Bitcoin has also seen its value increase to over $40,000, revealing  Keep track of all cryptocoins, including Bitcoin, Ethereum, Litecoin and over altcoins. The image attached — released on Reddit — presented that BTC. What a  Feb 9, 2021 Bitcoin and Ethereum own the lion's share, but there are many more coins spurred on by a Reddit board pushing for Dogecoin to become the  We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies. COMPANY.