asic miners choice

Budget.

The first thing we pay attention to when choosing an assic is our budget. This is the most important factor because it will determine the price category of the device and its relevance. The threshold for entering mining has become very blurred now, and almost everyone can afford it. The entry range is from $100-200 and ends only with the size of your wallet ($10-100k+).

Electricity consumption.

Next, when we have decided on the budget and found out how many free kilowatts we have, we need to decide on the coin we want to mine and the hashing algorithm for the asic. There are many new algorithms and miners that were released in the period of 19-20, but many of them showed profitability only on paper, and when the assists were plugged into the network, the entire profitability of the new devices fell and did not bring the expected results. That is why we recommend time-tested algorithms and coins that are easier to guess – SHA-256/Ethash/Equihash (btc/eth/zec), coins that have a larger share and capitalization in the cryptocurrency market and a huge number of transactions are conducted in the network every day.

Choosing an Algorithm (coin).

We need to decide on the coin we want to mine and the hashing algorithm of the asset Further, when we have decided on the budget and found out how many free kilowatts we have, we need to decide on the coin we want to mine and the hashing algorithm of the asset. There are many new algorithms and miners that were released in 19-20, but many of them showed profitability only on paper, and when the assists were plugged into the network, the entire profitability of the new devices fell and did not bring the expected results. That is why we recommend time-tested algorithms and coins that are easier to guess – SHA-256/Ethash/Equihash (btc/ethe/zec), coins that have a larger share and capitalization in the cryptocurrency market and a huge number of transactions are conducted on their network every day.

We look at the profitability in a special bot – @WhatToMine_bot in Telegram, where you can easily see the production of any asic on each coin. There is also a website – https://whattomine.com/ – where you can calculate the yield based on your egos.

“We also often hear the question “What kind of Internet is needed for the stable operation of the device?” – We answer: The speed of the Internet is almost unimportant, the main thing is its stability, so that there is a constant connection to the pool.”

Every well-known company specializing in assists has basic algorithms in its lineup. Let’s highlight 3 giant companies in China whose devices have proven themselves in the spring of 2020:

• Bitmain – Antminer division
• MicroBT – a division of Wathminer
• Innosilicon

  At every stage of choosing an assay, you can consult our specialist – we know exactly how to start mining profitably based on your parameters.