New Company Claims to be Selling ASIC For Bitcoin Mining
A new website; www.asxproject.com (from Shenzhen, China) claims to be selling ASIC mining systems with hashrates ranging from 25-125 GH/s when they open in 3 days. According to their RSS feed they have no customer service office and are an online based company. Does anybody have a legitimacy confirmation or information about them?
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Bitcoin mining evolves from GPU to FPGA and now custom ASIC
Bitcoin mining used to be rows of consumer gpu's brute-forcing the sha-256 encryption (max 2000 Mhash/s). After that people and companies started using expensive fpga setups to do it faster (100-25000 Mhash/s). Now companies have developed custom ASIC for bitcoin mining. (Avalon , Bitforce , Deepbit). It has an impressive speed of 4.5K -> 1500K Mhash/s . This increase of computing ability will probably put the gpu mining out of business and shake up the market abit. Some numbers: https://en.bitcoin.it/wiki/Mining_hardware_comparison
Why is Bitcoin mining affecting the market for GPUs? Aren't GPUs long since unprofitable given ASICs?
(Not actually a beginner, but thought this was a stupid question and figured it was most appropriate here.) I mined myself in the GPU days and I can understand why it was causing shortages. But how can it be profitable now? GPUs are ridiculous expensive (in both initial cost and power) compared to ASICs, and with the difficulty so high, why would anyone be buying them to mine? Edit: Thanks for the quick answers. Edit2: Relatedly, looks like Monero is trying to prevent ASICs from being possible.
For starters, Bitcoin mining is an energy-intensive process of introducing new Bitcoins into the ecosystem. You can think of it for a moment as new currencies creation by different governments around the world. But unlike the governments, Bitcoin’s supply is fixed and regulated by the laws of mathematics that are practically impossible to break. Also, it is not as simple as banks printing ... There are some rare Bitcoin ASIC mining chips and they, along with the common ones, can be used on their own when it comes to the subject of mining of the Bitcoin. When it comes to mining with a greater speed, ASIC miners play a huge role and they are more productive and cost-effective than the traditional Bitcoin miners. Bitcoin mining is effective only when there is a net benefit in regard ... Note that Bitcoin ASIC chips generally can only be used for Bitcoin mining. While there are rare exceptions - for example chips that mine both Bitcoin and scrypt - this is often because the chip package effectively has two ASICs: one for Bitcoin and one for scrypt. The ASIC chip of choice determines, in large part, the cost and efficiency of a given miner, as ASIC development and manufacture ... ASIC Bitcoin Mining Hardware. Application-specific integrated circuit chips (ASICs) are bitcoin mining hardware created solely to solve Bitcoin blocks. They have only minimal requirements for other normal computer applications. Consequently, ASIC Bitcoin mining systems can solve Bitcoin blocks much quicker and use less less electricity or power than older bitcoin mining hardware like CPUs ... Live income estimation of all known ASIC miners, updated every minute. ASIC Miner Value ... Aladdin Miner 16Th/s Bitcoin. Jul 2018. 16 Th/s. 1400 W. 76 db. SHA-256-$2.59 /day. Bitmain Antminer S9 (13.5Th) Sep 2017. 13.5 Th/s. 1323 W. 85 db. SHA-256 -$2.59 /day. Bitmain Antminer V9 (4Th) Mar 2018. 4 Th/s. 1027 W. 76 db. SHA-256-$2.60 /day. Dayun Zig Z1 Pro. Jun 2019. 13 Gh/s. 1500 W. 72 db ...
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