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Those who do often use hardware for this type of mining set up the device to perform only mining operations. Scrypt is a faster and simpler algorithm, and it has become a favorite among new digital currencies that are introduced into space. Scrypt can be easily run on a CPU, and it is less energy-consuming than SHA, which in turn, makes it a favorite of most individual miners. But so far, there have been no cases of real-world issues.
It is expected that in the future hash difficulties for the more popular currencies that use the SHA mining algorithm—such as Bitcoin—will increase, which will lead to the limitation of crypto mining to mining pools or industrial miners. Bitcoin uses the SHA algorithm to generate hashes that represent the data stored in blocks on the blockchain. This is why ten minutes are required to generate only one block on the Bitcoin blockchain.
Mining using SHA demands a high hash rate use, and because of it, miners have to employ dedicated hardware rather than a GPU, as it produces higher hash rates. By , miners had made the transition to customizable hardware, known as Field Programmable Gate Arrays FPGAs , as a means of directing additional computing power into mining.
At that moment, the algorithm was considered to be resistant to the newer mining hardware that was being used for Bitcoin mining. However, Scrypt requires more memory resources than SHA Because of this, GPUs were used exclusively to mine Litecoin for a brief period of time.
When selecting the type of coin you want to mine, you have to take into consideration various factors. Profit rate is one of them, and you can estimate it by using a calculator. Coins also require different mining software to run on, some of which have a higher degree of complexity in comparison to others. Hardware and electricity costs are also an issue, which in SHA mining are quite high.
Considering the current state of the market, the potential of making a profit out of mining is very low, and it could be a long time before you start producing a return on investment. The photo above of the actual miner does look Ok, though the photo itself and the claimed specifications do rise some doubts, so you should treat this information with caution for the moment!
This miner is apparently composed of 4 blades only one blade shown on the photo or all 4 blades together? The total power consumption claimed is just W for the four blades and the power supply is apparently a part of the miner according to the information. The miner on the photo does remind us a lot in terms of design to the AntMiner S1 and the device apparently also comes with a LAN port, so it would be independent of a computer.
With the total power usage of a non-overclocked 5-chip ASIC of about 5W we should be getting about W for Scrypt only mining mode if the calculation is correct. So how come we see claimed W for the device, this could neither be the Scrypt only power usage, neither a single blade one 4 blades shod total in W. And integrating a W or W power supply in a miner so small does not seem very believable again is the photo of a single blade or of the 4 blades?
So do not be in a hurry with pre-orders at least until there is more clear information about this upcoming ASIC! Home Contact us. Full Posts Comments. Search for:. The Gridseed At the same time we are requesting for more info and wait until we know better.
Thank you so much. Published in: Crypto News Related tags: Read More 2 Comments. Read More 41 Comments. New Gridseed Read More 6 Comments.
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SHA ASIC Mining Hardware. Latest SHA mining hardware list for SHA cryptocurrency mining in Start mining SHA cryptos with the best and. We line up the top best Application-Specific Integrated Circuit miners you can use in mining Bitcoin, Ethereum, and other cryptocurrencies using SHA and. Get the best deals on ASIC Virtual Currency Miners SHA Hash Algorithm when you shop the largest online selection at dann.hutsonartworks.com