A pivotal moment in the global economy is underway as digital currencies continue to become adopted and supported by businesses, organizations and countries around the world. Global advocacy for coins such as Bitcoin and Ethereum have reinforced the public’s trust regarding this once-fringe movement, and as companies like Microsoft, Newegg and Burger King, alongside countries like El Salvador, go out of their way to embrace and adopt Bitcoin, a change in the foundational culture of Bitcoins ecosystem itself is evolving.

Bitcoin is no longer a fad or a trend or a fast way to make a short sum of money. Instead, Bitcoin has evolved into the fully-fledged financial system of the future. It has surpassed even the most optimistic of views in terms of employability, the world has embraced it and the coin’s future has become set in stone by a community of individuals that pursue, invest, trade and play its most significant role. Bitcoin miners around the world have begun holding on to coins with no intention to sell for quick profits, the bitcoin industry has thus developed into a long term economic strategy to provide real-life, long term monetary investment in an industry that has found its footing amongst the volatile stock market.

There is a maximum supply of 21 million bitcoin available. Nearly 19 million Bitcoin are already in circulation with just over 2 million coins still left to be mined. Meaning that 90% of the entire collection of bitcoin has already been distributed to wallets around the world. Trends over the past 5 months have shown that 13.5 million bitcoins have been held in wallets without any movement, this signifies a shift in the mentality of bitcoin miners who would usually be trading, selling, or staking rewarded coins, or using them to purchase. Instead, our intel appears to show that Bitcoin miners have moved into a holding phase of the digital currencies history and they do not intend on selling.

But why the sudden shift in perspective? With bitcoins, dominance stretching out across sectors and industries and a greater percentage of people requesting decentralized, open platforms for business, finance and commerce, Bitcoin has positioned itself as the number 1 trusted and backed cryptocurrency for nearly a decade. It is no longer just a movement. In 2021, El Salvador became the first country to invest in Bitcoin when they purchased 15 million dollars worth, equating to 410 Bitcoin. Obviously, El Salvador is not looking for a get rich quick scheme, they are but the first of many to make the calculated decision to play a primary role in their countries adoption of cryptocurrency and the decentralized blockchain system it stands upon.

New forecasts from financial statisticians speculate that Bitcoin could reach $1 Million (USD) a coin by 2030, with Ethereum’s market capitalization hitting 20 trillion dollars. These trends are buoyed by the world’s increasing acceptance and obsession with the digital ecosystem and showcase a new focus for human beings that are fed up with centralized financial systems and the inequality that often stems from them. People want to have control of their lives again and financially people want less risk with monetary decisions, something that cryptocurrency investments have a hard time providing, but one that Bitcoin strives at.

Even if Bitcoin only reaches half the presumed value, in just 8 years it would see a 13x increase from where it sits at the time of writing this article. This has a profound impact on the mining community where the change in mentality has the biggest impact. With more companies adopting Bitcoin, businesses accepting it as payment, and celebrities and CEO’s around the world endorsing the use of bitcoin, it only seems obvious that the world’s first cryptocurrency, sets the stage for an entire financial takeover.

This is all happening in light of an upcoming decision by the SEC (U.S. Securities and Exchange Commission) against Ripple’s XRP coin and a new 654-page plan aimed at regulating “Treasury markets platforms.” The crypto industry has stated that this plan is determined to allow regulators to probe into crypto platforms and protocols and could be used to control and govern the industry because it would bind those platforms to register and be subject to regulation. This new plan is part of the SEC’s long-standing battle against Ripple which has been accused of selling more than $1 billion worth of XRP tokens in an unregistered securities offering. The SEC hopes to win an ongoing court course with the aim to provide more protection for investors. If the SEC were to lose the case, it would reinforce calls from the cryptocurrency industry to push congress to write clearer and more suitable laws. The court case has been ongoing for over a year now, with hopes to settle by the end of 2022.

Vipera LLC is compiling a waiting list for orders of Bitmain’s highly anticipated E9 Ethash ASIC miner. As soon as Bitmain announces the release date and price we will update all clients on our waiting list and place futures orders with Bitmain based on the interest of those that have registered with us. To join our waiting list, please use the enquiry form at the bottom of this blog.

In a story on their official Instagram @officialbitmain, Bitmain has finally confirmed that the mysterious and long-awaited ASIC miner dubbed the E9 has been given the green light for production. The E9 was announced in 2021 with no release date in mind and only tidbits of information regarding the new miner available. It was completely shelved in the thick of the pandemic, due to uncertainty of ETH 2.0’s arrival and silicon shortages. Crypto miners have been waiting patiently for confirmation of this miner, and on March 10th, Bitmain announced that the E9 is indeed on its way, also cross-verified by Vipera’s purchasing representatives at the Chinese ASIC manufacturer.

The E9 is set to be the world’s most powerful single Ethereum / Ethereum Classic miner, which is the main reason there has been such hype surrounding this ASIC over the last 14 months. The E9 is apparently capable of an astonishing 3GH/s at a blissfully low power consumption of only 2,556 watts. This ratio creates an impressive 0.85J/M which in mining terms represents one very efficient machine. The power is equivalent to 32x Nvidia GeForce 3080 Non-LHR graphics cards. The closest competition Bitmain has at the moment in terms of Ethash solutions is Innosilicon’s A11 Pro, which can generate up to 1.85GH/s. We are omitting the Jasminer X4, touting 2,500mh/s which ceased production as of last week due to high costs and low demand versus its cost-effective X4-1U Blade offering. The E9 can generate around 70% more power than the A11 Pro. It would appear that the release of the E9 comes at a pivotal time in Bitmain’s history. It had been assumed for the last year that ASIC manufacturers would hold off on developing new Ethereum miners due to the shift in mechanics the Ethereum network is due to make, switching from a Proof-of-Work (POW) model towards a Proof-of-Stake (POS) model.

However, Ethash based ASIC miners, such as the Innosilicon A11 Pro and the Jasminer X4, have seen high sales volumes well into 2022 coupled with an ever-increasing demand for GPUs, even as stock levels improve. This is a strong indicator that there wouldn’t be sales of this magnitude if the product being sold does not still hold high value in the eyes of amateur miners and large mining ops. That is to say, Ethereum 2.0 is no longer a deterrent, and there is now consensus after the merge ASICs and GPUs will switch their hashing power to Ethereum Classic in swift order.

The merge, when it does indeed occur, will make the POW hashpower less important for the validation process necessary for blockchain-based digital currencies to operate. It is believed that Bitmain’s decision to release the E9 reveals that Ethereum’s changes are set on a much longer timeline than first anticipated, with 2022 now being out of the question. Further pushing Bitmain is the announcement that Intel, the world’s leading chip manufacturer, is now stepping into the cryptocurrency arena with their Bonanza Mine ASICs. Intel has announced they are now producing the next generation of SHA256 algorithm miners, and this steep new competition from a US-based giant with global production foundries means Bitmain has no choice but to diversify its product line towards altcoins if the demand drops for their Bitcoin machines.

Unfortunately, Bitmain is yet to release any specific information regarding the price or expected shipping date of the E9— but we speculate a commanding and hefty fee on futures (MOQ with Bitmain at around ~$15,000 USD each), spot and reseller markets higher than even the L7 during the Dogecoin ATH (closing in on $30,000 USD each) and a late summer arrival in conjunction with the S19 XP deliveries.

Please use caution when preordering the E9 or any unreleased crypto hardware. It is important to note that resellers claiming to have preorders open for the Bitmain E9 such as “Zingacoin” on eBay or other platforms are basically using your money as “IFLs”– an insider term of dishonest resellers who use the funds of preorders as ‘interest-free loans’. Make sure you are protected with a credit card if possible for smaller orders and have a proper purchase agreement in place.

Cryptocurrency Mining Farm Reclaims Abandoned Fishery Plant for Crypto Mining Venture in North-Eastern Quebec

A working agreement has been struck between Canadian energy provider, Hydro Quebec, the Quebec hamlet of La Tabatière and online high-end electronics retailer, Vipera LLC (Viperatech) in the hopes of offering employment opportunities to a remote community in the Lower North Shore region of north-eastern Quebec. La Tabatière, frequently used as a trading hub for traders and the fishing industry which offered the community stable employment for decades, has been in negotiations with business development executives at Vipera and secured by Forest Hill chartered broker Dhiren Patel with the intention of repurposing the abandoned fish plant. The property was acquired through a repossession auction from the municipality in 2020, with an agreement made with the provincial energy provider in the hopes of bringing back sustainable job opportunities to the village.

Vipera plans on converting the fairly new factory into an air-cooled cryptocurrency mining facility which will offer colocation hosting to clients for half of the capacity, while the other half will be used to mine internally. With this new endeavour, Vipera will provide tech jobs for select members of the local workforce who will manage and maintain the operation. The total current power capacity of the location is approximately 6 Megawatts.

What is a Cryptocurrency Mining Farm?

A cryptocurrency mining farm is essentially an enclosed, controlled space in which computer servers process network transactions for a specific coin in hopes of being rewarded a fractional fee. The computing power is used to process calculations that confirm transactions on the blockchain, an essential role in the sustainability and security of digital currencies. To scale an operation, crypto farmers install hundreds and thousands of ASIC servers and require personnel to install, maintain and deploy cooling or dissipation systems to keep generated heat to a minimum. Crypto miners are rewarded with a portion of the digital currency they mine after they secure and confirm one of these transactions and those with the most “hash” (processing) performance will naturally secure more rewards.

Vipera is aiming to build a 6-megawatt farm, which equates to around 2,000 ASIC miners combined. The main warehouse will be equipped with ventilation systems to ensure stable low temperatures are consistently met and additional Bitmain mobile containers with hangar-style canopies are being erected outside the main warehouse to further expand the company’s vision. Vipera will begin hiring various members of the community to join the development phase in both full-time and part-time capacities for the facility. The Mayor for the Gros-Mécatina region, Randy Jones, has supported the project with hopes of revitalising a once-thriving economy.

Vipera’s team have been operating several crypto mining farms for the past 5 years from small to medium scale, and their combined knowledge and experience will be of great benefit to the project’s success. Operations are slated to begin by Summer 2022, as the ice floes melt and the area is accessible once again by sea for transport of containers, mining equipment, transformers, networking material and HVAC systems. As a remote location only accessible by sea or air, with temperatures varying from frigid to cool throughout the year, Vipera is confident the property selection will be a great complimentary fit to other mining operations currently set up under its banner in North Dakota, USA and Dubai, United Arab Emirates and will offer customers interested in colocation hosting competitive rates and options.

Bitmain has announced the release of a powerful new ASIC SHA-256 algorithm miner and the latest version of their movable mining farm container as a complementary set; the Antbox H3 V2 Liquid Cooling system. The ASIC Miner, dubbed the S19 Hydro +, will be the most powerful crypto miner to date with even higher performance than the incoming highly anticipated S19 XP, providing nearly double the hashrate of the industry’s current leading ASIC Model the S19 110T Pro. Online high-end electronics provider, Viperatech.com (Vipera LLC), is now offering pre-order opportunities to the public for February and May 2022 production batches through Bitmain.

This is a significant development for the ever-growing crypto mining industry despite current market scenarios, and mid to large farms, especially in hot climates, will be taking advantage of this quiet and efficient Bitmain S19 Hydro tandem. The crucial role that ASIC miners play at the core of the blockchain network means that new hardware that holds a higher hashrate and better energy efficiency immediately outperforms its predecessors and quickly provides an extremely lucrative investment opportunity for anyone willing to take part.

The S19 XP and S19 Hydro + are also being touted as ‘halving proof’ next-generation ASICs. It induces inflation in the cryptocurrency’s price by reducing the number of bitcoin in circulation and increasing demand for Bitcoin. Bitcoin halving has implications for all stakeholders within Bitcoin’s ecosystem, which is slated to occur at the end of 2024.

The S19 Hydro + is designed with a closed-loop water cooling system to maintain low temperatures and increase stability and will exceed the current leading hashrate by more than 40%. Capable of producing 198TH/s at a power consumption of 5445 watts and a power efficiency of 27.5J/TH, this ASIC will be a popular choice and leading solution for operators mining the SHA 256 algorithm for at least 5 years. It is important to note liquid cooling system Bitmain have developed is set to help maintain stable low temperatures in even the hottest climates with a noise decrease of 80% over traditional high-rpm air-cooled ASICs– something that has been long sought out in an industry in which even 1 degree centigrade of temperature can make a big difference across multiple units.

Bitmain has also designed and is currently producing a brand new two-piece Antbox, dubbed “Antspace”, to house this new hardware; Antbox H3 V2, also designated internally as the Antspace HK3. This mobile mining container comes with a stand-alone hydro cooling tower and uses a hybrid wet and dry liquid cooling system that continuously feeds the Antbox to maintain stable low temperatures and increase energy efficiencies. The new design can house up to 210 S19 Hydro Asic Miners with a total combined energy consumption of less than 1 MW. The Antbox H3 V2 comes equipped with all of the usual high-end features that Bitmain is associated with such as facial recognition software, magnetic locks, a direct terminal substation for 3-phase power or transformer and 1-year warranty. Lead time for production is 20 days with transit by ocean another 30-45 days at current shipping speeds to the USA, Europe or the Middle East.

Currently the Antbox is only available for customers in the Middle East (GCC) or North America. The minimum order quantity is set to 190 S19 Hydro + units and only 1 Antbox H3 V2. Pre-orders are open and available through Viperatech.com, and allocations are limited with only 2 batches planned.

News of Bitmains new Antminer, the S19XP, has made its way around the world after rumours were confirmed to be true at the World Digital Mining Summit 2021 held in Dubai on November 9th and 10th of 2021.

The new ASIC dubbed the S19XP is a big improvement in power and efficiency based on the previous S19 models and other branded ASIC’s. We’re seeing a nearly 30% increase in hash power from the S19Pro and a drop in electrical requirements too. When it comes to energy efficiency, the S19XP outperforms Bitmains previous Asic’s by a large margin, sitting at 21.5 joules per terahash. This may come down to Bitmain’s decision to use 5nm chips instead of the traditional 7nm chips.

NM stands for nanometers and although a jump from 7 to 2 might not seem large but really it adds up to about 1.5-2x the transistors which is a huge increase for speed and a decrease in power consumption based on the size of the transistor itself becoming smaller.

Bitmain has opened up pre-orders for their new miners, due to be launched in the third quarter of 2022, but regular Joe miners won’t find them online. Usually, companies like Bitmain will open up first to the top mining companies, such as BitNile, who have apparently secured units already for their environmentally-friendly push towards becoming one of the world’s largest digital mining companies.

Exactly how many S19XP’s will be released at launch next year is uncertain. China’s recent crackdown on cryptocurrency has been an issue for Bitmain who now have to rely on their factories in Indonesia and Singapore for production. This and the global shortage of semiconductors could make the new Antminer extremely difficult to find, simply because there won’t be enough of them to make it to the public market after mass shipments to large-scale mining companies.

The S19XP is set to cost around $10,500 (USD) initially, but expectations are that the price will soar when they eventually make it to market. Whatever happens, this is a continuous move upward and onward from the cryptocurrency mining industry.

A technology eCommerce site, Viperatech.com, has secured stock of the new Bitmain Antminer S19XP and begun accepting pre-orders for Q3/Q4 2022 deliveries. The XP edition of the extremely successful S19 Antminer from Bitmain has been long-awaited and excitement has been building steadily after the Bitmain World Digital Mining Summit last month.

At the event, Bitmain confirmed rumours about the S19XP, providing its intended launch date as well as its hashrate and power specifications. An impressive 30% increase in hashrate efficiency over their last model, the S19j Pro, positions this ASIC miner in a class of its own. These boosts in hashrate power make the S19XP the most powerful ASIC crypto miner on the market.

Stocks for new ASICs are always difficult to track down. Hardware companies like Bitmain, Canaan and, Goldshell, open up presale orders to the major crypto mining companies before the public gets access to stock. Often by the time the new ASIC even gets to the public, it is being sold at higher prices based on market demand, which in turn makes crypto mining less lucrative, considering a big percentage of overall profit is determined by initial costs.

One authorized reseller of Bitmain, Viperatech, opened up pre-orders today. They may very well be the first crypto mining hardware reseller to allow orders of the S19XP and that’s huge for anyone in the crypto mining industry because finding hardware at market value is increasingly difficult.

Viperatech has stated that pre-orders are for the 3rd and 4th quarter of 2022 and that orders are backed by Bitmain’s Price Protection. With the new Price Protection system, orders placed are locked in at the price quoted when they first purchased the ASIC miner. The reason this is important is that as the price of bitcoin changes, the value of bitcoin ASIC miners changes too. If Bitcoin were to double in price, the hardware used to mine it would increase alongside it. Bitmain’s new offering allows buyers to have peace of mind that they will not have to spend more money to secure the unit if Bitcoin keeps on an upward trend. Better yet, if the price of Bitcoin drops, the price of the ASIC miner will drop too. Meaning you will never pay more than what you were quoted at the start, but you could end up paying less.

This Price Protection offer from Bitmain is a great tool to empower individuals in an often volatile market, but, as we see Bitcoin and Ethereum continue their impressive steady climb it’s important to ask, how long before digital currencies take centre stage in the world’s financial sector, only time will tell.

Vipera is a premier source for selective, highly sought-after electronics and cutting edge technology solutions catering to the digital advertising, cryptocurrency, A.I. processing, corporate I.T. and PC gaming industries.

Welcome to the future of independent mining farms. Since the beginning of cryptocurrency mining, the major problem for those wanting to step up their mining production has been scaling solutions. The high costs associated with purchasing a warehouse or dedicated mining facility along with the management of the space, electrical costs, lost efficiencies and security protocols have always kept people from creating their own mining farms. That is until Bitmain came to the rescue. With dedicated, movable, independent mining farms solutions, Vipera LLC is proud to provide you with the Bitmain Antbox N5 V2. 

What is an Antbox?

The Bitmain Antbox is an independent, self-contained cryptocurrency mining farm solution. A dedicated space for all your crypto mining processes, built from the ground up with a sole focus of creating an integrated mining facility for the ultimate hashrate to energy efficiency output possible.

Why is the Bitmain N5 V2 Special?

Bitmain has pulled out all the stops and packed the Anbox N5 V2 with features that help miners achieve industry crushing hashrates and minimal electricity costs such as a fanless design equipped with cooling pads and inlet/outlet shutters that help it reach a power usage effectiveness (PUE) of extreme efficiency. This is an important factor when scaling solutions for mining farms as electrical costs can ruin profits and prevent a quick return on investment (ROI).

The Bitmain Antbox is designed to accommodate 207 S19 model ASIC’s and is exclusive to the S19/S17/T19 “double-stack” format. When we look at the current mining capabilities of the S19, with a hashrate of 95TH/S it can mine around $30 (USD) per unit per day. This would allow miners to make an extremely lucrative income stream of around $6,000 a day, up to $2,400,000 a year. The Antbox is stackable vertically up to 3 units and horizontally stackable up to 6 units, this helps streamline space management efficiency and reduce costs associated with purchasing land.

An important factor to consider when getting into cryptocurrency farming is deployability and this is one of the things Vipera loves about the Antbox. It is easy to set up, comes preset from the factory and can be moved without hassle. Built with flame-retardant, fireproof materials and environmentally protective, energy-saving systems, Bitmain has ensured the Antbox’s electrical features meet UL/CUL standards and is certified by the Chinese Classification Society. The rugged, durable build of this unit allows it to be used year-round.

Efficiency is the end goal when mining cryptocurrency and with a top wiring grid bridge for better cable cooling and a heat dissipation water curtain to reduce internal running temperatures, owners of the Bitmain Antminer N5 V2 can rest comfortably at night knowing they have the optimal conditions for mining the SHA-256 algorithm for Bitcoin, Acoin, Terracoin and more. Security features are always necessary and even more so when you step up operations and start a cryptocurrency mining farm. This is why the Antminer N5 V2 comes equipped with a security camera, an internal emergency exit button for safety. On top of all of these components, buyers will also get a 3D recognition face scanner that is to be installed on-site. 

Conclusion

If building a cryptocurrency mining farm is the next step on your path to financial freedom, or if you are just interested in investing in the cryptocurrency mining sector then the Bitmain Antbox N5 V2, with all of its efficiency features and security systems, is the right path to take. Viperatech.com has secured 15 of these unique units and is currently selling the Bitmain Antbox at $63,000(USD), down from $79,000 with savings of $16,000. Investors can expect a Return on Investment (ROI) after their first year, depending on additional operational costs such as electricity, land management and staffing.

Statistics

About Vipera LLC

Viperatech is a premier source for selective, highly sought-after electronics and cutting edge technology solutions catering to the digital advertising, cryptocurrency mining hardware, A.I processing, corporate I.T. and PC gaming industries. For more information, contact us at 1-877-446-5697 or email us at info@viperatech.com.

Links

viperatron.com/product/antbox-v2-n5/
asicminervalue.com/miners/bitmain/antminer-s19-95th
support.bitmain.com/hc/en-us/articles/4406863706393-Certificate-of-Conformity-for-ANTBOX-N5-V2

PoS vs PoW and why it matters

Today we are going to discuss some differences between Innosilicon’s A11 Pro ASIC and Nvidia’s CMP 170hx for cryptocurrency mining, but first we need to discuss briefly what PoW and PoS mean and how they will impact the industry. 

Pos Vs PoW

Proof of Stake and Proof of Work are systems deployed by digital currency networks that allow transactions to be recorded. They have slight variations that change the way we view cryptocurrencies but they both have the same agenda, to create a more sustainable and secure future for crypto.

Proof of Work is the process in which an individual with computing equipment processes calculations to confirm a transaction inside the blockchain and stores its information on a so-called digital “Ledger” so that the community can hold a record and understand the legitimacy of each transaction. This process is called mining and it is the process that Bitcoin deploys today. The reward for completing these calculations and confirming their legitimacy in the blockchain is a digital currency, i.e Bitcoin. Anyone with enough computing power can essentially “mine” bitcoin, the benefit being that you make money as you mine. The issue is that it takes a lot of computing power to mine bitcoin and that is because it is essentially a race amongst all the miners to see who can complete the calculation the fastest. The more computing power the quicker you can complete the calculations. This system creates inequality amongst miners, simply put, the more money you have to invest in ASIC miners and specified computing solutions, the higher your chances are of completing the calculations and grabbing that reward before other miners get the chance. It’s a good system that is difficult to cheat, to do so a single miner would need to have 51% or higher computing power than the rest of the miners, and that is an extremely costly affair in today’s market.

This is where Proof of Stake comes in. Proof of Stake is essentially the same system with a few tweaks, instead of independent miners competing to be the fastest to complete the calculations, miners must first “stake” coins to become a “validator” and then will be chosen at random to complete the transaction process. The process of staking coins is essentially like investing in a business to see rewards over time. Validators are given a transaction fee “reward” after completing their assigned task. This means that miners, called “forgers” in PoS, do not have to have insane computing power to be able to play a role in the transaction process. They will have to have enough coins in the first place though because they need to “stake” those coins in order to be given validator status.

One of the reasons cryptocurrency companies want to move towards PoS is that PoW is extremely energy-consuming. In 2018 the entire world’s bitcoin mining operation used more energy than the entire country of Sweden. This kind of energy consumption creates negative attention in the press and as public pressure builds the crypto industry seeks out alternative methods. PoS might be the alternate method the cryptocurrency companies are looking for.

As we said before, PoS does not need insanely high computing power because forgers are not competing with each other to secure a transaction the quickest. This means that energy consumption for PoS can be considerably lower than PoW systems. Subsequently, because computing power does not need to be as high, there will be more opportunities for beginners looking to get into the crypto industry.

This is exactly the change that will take place when Ethereum upgrades in early 2022. Ethereum plans on increasing scalability, security and sustainability with these changes and one of the ways they intend on doing so is by swapping to PoS.

Now that we have briefly discussed the differences between PoW and PoS, let’s talk about ASICs and GPUs.

ASIC vs GPU – Pros & Cons

As I mentioned earlier, mining is all about computing power. Not just any computing power but the type that allows for lots of calculations to be made at the same time. The two ways to do this is with a GPU or an ASIC. Both have pros and cons, both should be implemented for different reasons based on your requirements.

ASIC Pros

• Significantly higher hashrate
• Extremely easy to set up and use
• Energy Efficient

ASIC Cons 

• Expensive
• Low resale value
• Low availability
• Limited coin flexibility

ASIC’s range greatly in price, if you are lucky to find one under $3,000 (USD) with a good hashrate and low energy consumption then often you can find yourself with a good investment. However, prices can soar into the $50,000 (USD) territory. One of the reasons costs can be so high is market value and low stock quantities, but the other reason is ASIC’s can achieve much higher hashrates than GPUs. This usually means that ASIC’s can deliver higher profits and a quicker ROI, but it is dependent on electrical costs and cryptocurrency market value. The downsides to ASIC’s are a lack of flexibility for which coin you mine, ASIC’s need to be built to hash a certain algorithm that represents the coin of its choice, this cannot be changed so if a coin’s price fluctuates so does your profit margin. Another issue is that they keep coming out with better versions which in turn make the previous version a bit redundant because you cannot upgrade an ASIC.

GPU Pros

• Flexibility of use and coin choice
• Resale Value stays high as graphic processors are always a hot item
• Availability is high, lots of products on the market
• Easy entry level price

GPU Cons

• Low hashrate
• Technical set up
• Use more space

GPU’s are extremely flexible, not only can they be used for mining crypto but they are also applicable as their primary use, a graphics card. This means they have a good resale value. There are lots of GPU’s on the market and miners can be personalized with their setups, adding and removing pieces as they change their focus or as the market demands. Unfortunately, GPU’s can’t perform as well as ASIC’s can and because hashrates are lower, so too are the profit margins. A big positive for GPU’s though is miners ability to change which coin they are mining based on how profitable a coin is, this is a very good thing in a market as volatile as crypto.

Innosilicon A11Pro – ASIC

This is a long awaited piece of hardware from Innosillicon. Capable of mining the Ethash algorithm for coins like Ethereum, Metaverse, Etho, Halo and many more. The A11Pro is a huge step up from its previous generation, the A10Pro, with a 150% increase in hashrate, up from just 750MH/s to an impressive 2GH/s. The A11Pro will be able to mine up to $150 (USD) a day based on current coin estimations which puts ROI at around 12 months with $50,000 (USD) profit in the second year of operation. Obviously market value has a large role in these numbers and fluctuations will occur from time to time. The A11Pro has a noise level of 75db which is similar to a vacuum cleaner and is powered at 2500 Watts.

Nvidia’s CMP 170hx – GPU

The 170HX is the 5th in a line of cryptocurrency mining processors from Nvidia focusing on the crypto industry. Nvidia have boosted their hashrate performance significantly with the 170HX and have managed to reach an increase of around 30% from their previous models. This unit is set to mine at 164MH/s with daily profits just shy of $15 (USD). It has a power usage of 250 Watts and an ROI in around 12 months with a profit margin of $4,500 (USD) in the second year.

Bottomline

As you can see yourself by the numbers, both of these options are good choices for people looking to get into mining and make some profit. Both have ROI within the first year and decent profits in the second year. The difference is all in the investment and the risk associated. The more you invest, the higher your chance at profit, but obviously that comes with higher risks. Most people would agree that crypto isn’t going anywhere and that it is going to continue to increase in usability and popularity over the next few years, therefor making mining investments more lucrative over time, but no one can actually tell where the market will go and whether or not things will look the same in a years time.

Behind the Scenes of the 3 Most Popular GPU Based Mining Hardware on the Market

GPU (Graphic Processing Unit) mining grew in popularity naturally as crypto mining grew in popularity. Traditionally, those looking to mine cryptocurrencies would use a CPU (Central Processing Unit) to complete the calculations required to solidify a transaction in the blockchain. CPUs, however, are slow and because of this, they limit the number of coins that are minable in a short timeframe. That is where GPUs stepped in. A GPU is a specified graphics hardware that runs video rendering, animation and other graphic-based operations independently. A GPU can execute instructions significantly faster than a CPU can, and not by a small margin, we’re talking between 400x-800x quicker.

Think of the CPU as the computer’s manager, completing small amounts of work in all fields and maintaining a stable average workload in each area. The GPU is more of a dedicated employee whose sole task is to focus on one particular thing. This enables the GPU to outperform CPU’s when it comes to the very specific task of executing calculations, which is essential for the crypto blockchain transaction network.

Eventually the world would turn to even more efficient hardware by the name of ASIC’s (Application-Specific-Integrated-Circuit), think of the same analogy earlier with the manager and employee. ASIC’s are like hiring a specialist who studied at university and can outperform even your GPU employee. ASIC’s might run the house now based on their extreme performance capabilities, but that doesn’t mean GPUs have been forgotten.

Today we will dive into three of the most popular and efficient GPUs on the market and discuss the pro’s, con’s profits and losses of each of them.

RTX A5000

The A5000 was released in April of 2021 and is a flagship graphics card for Nvidia encompassing many of the latest features and new technologies that Nvidia has been working on for decades. This tiny, rather attractive looking card is based on Ampere Architecture- Based Cuda (computer unified device architecture) cores with second-generation RT (Ray Tracing) cores for up to 2x faster ray tracing performance and 2.5x increased single-precision floating-point performance compared to its previous generations.

Third-generation Tensor Cores allow up to 10x faster AI machine learning and training performance with 24GB of memory for intensive workloads and high end computing tasks such as hardware accelerated motion blur, visually accurate renders, virtual production tasks and engineering simulations.

The A5000 leverages a dual-slot, power-efficient design that enables 2.5x more power efficiency than previous generations. Even with all that power, the A5000 clocks out at around 230 Watts, which is relatively low for a GPU with this amount of power.

What does all of this mean for mining?

Hardware aside, mining is all about cost and hashrate efficiencies. Whether or not you turn a profit, and when you do, is all based on initial set up costs, electrical costs to run the hardware, and how efficient the hashrate of your hardware is. When we look at the A5000, we see a base cost of around $3000 USD, a hashrate efficiency of 105 MH/S (Mega Hash per second), and a power consumption of 230 Watts.

All of this combined means that at the time of writing this article, the A5000 could mine an average of $9 USD of Ethereum a day with an average daily electrical cost of around 50 cent. That’s a profit of $270 (USD) a month and around $3200 (USD) in the first year. Return on Investment (ROI) taking around 12 months is pretty common in the crypto space, it’s not exactly great, obviously in an ideal world there would be higher profit and lower costs associated with the investment but clearing costs within 1 year is a good place to start. This is also based on Ethereum current market value, which is expected to keep rising with the coming years and therefore make the coins you mine more valuable.

CMP 170HX

Let’s look at Nvidia’s dedicated CMP (cryptocurrency mining processor), the 170HX. The fourth in a series of dedicated crypto miners, released in September 2021 with a hashrate of 165MH/s and 205 Watt energy consumption. This is a huge boost compared to the previous CMP released by Nvidia which could only clock hashrate speeds of around 86 MH/s. There’s lots to like about the new CMP, it’s packed with 280 tensor cores which improve overall speed of machine learning applications, has been paired with 8GB of HBM2e memory connected via a 4096-bit memory interface. The 170HX is able to deliver a scalable increase in hashrate to power consumption efficiencies and let’s face it, that’s what matters most for cryptocurrency mining.

The 170HX is basically a cut-down GA100 die with a stack load of CUDA cores, 4480 to be exact, built on the 7nm process with a GA100 graphics processor. The VBIOS (basic input/output system) has been locked and there is no display connectivity either as it is not designed to be connected to a monitor. This means that users are unable to tweak the performance via programs such as MSI afterburner. We have seen some basic changes made for mining efficiency, such as dropping the wattage down to 190 and balancing the hashrate at 158MH/s which in turn seemed to drop overall temperatures and avoid down clocking which seems to happen when the GPU hits 70c.

All in all, the CMP 170HX is a beautiful piece of tech straight out the box, and the numbers show this. At around $4,500 (USD) the ROI on the 170HX is 10 months with nearly $1,000 (USD) in profit in the first year. These numbers are based on mining Ethereum at a daily average just shy of $15 dollars after electrical costs have been subtracted.

RTX 3090

The 3090 was released in September 2020 and at the time was built on a collective 20 years of graphic card technology. It features a dedicated heatpipe and heatsink combo and a revolutionary fan system to maintain cold temperatures even after hours of operations. Thermal pads help dissipate heat away from the board components and deflectors provide additional surface area to help with temperature regulation and quieter acoustics. Featuring a total of 10496 CUDA cores and powered by the same Ampere Architecture as the A5000 with 24GB of GDDR6X memory, the 3090 is capable of rendering and playing 8K footage without a hitch. The 3090 runs at a higher power consumption than our two previous GPU’s, hitting 320 Watts. Around $10 (USD) of daily profit can be expected at an Ethereum hashrate of 125MH/s. At a cost of $3,500 (USD) this GPU would make ROI in 12 months.

Conclusion

When we look at the three of these GPU based cryptocurrency miners and rank them against each other based on hashrate efficiency and power consumption we see conclusive answers as to which is best. The Nvidia CMP 170HX ranks supreme above the rest. It has a higher hashrate efficiency, scoring around 50% higher than the A5000 and 30% more efficient than the RTX 3090. Not only is hashrate efficiency higher in the 170HX but power consumption is lower meaning less electrical costs year-round. Even with the slightly higher price tag, ROI is quicker, profits are higher and consumption lower, making this the top choice out of GPU’s for anyone getting into the mining space or looking to expand their current arsenal. That doesn’t single out the A5000 or RTX 3090 out though, both are still solid options and if buyers can find a deal lower than the price quoted above they can be assured that with a little patience, passive income will be on its way.