The most profitable X11 algorithm miner - what is on the market

• introduction
• options
• dignity
• subtleties
• payback
• results

Using the first chip of its kind for mining cryptocurrency using the X11 algorithm, iBeLink has released the most powerful ASIC miner DM11G. This device is designed for creating large-scale farms. The role of the cooling system is played by 5 high-speed coolers, ensuring the optimal temperature of the platform. The device is equipped with many useful functions, including self-diagnosis, monitoring of processor operation and automatic notification by email.

Start of sales of ASIC iBeLink DM11G

The announcement of the new product took place in the summer of this year. IbeLink announced the release of the DM11G miner, which is significantly more productive than its predecessors, which mines coins using the X11 protocol. The device became the ideological successor to the ASIC DM384M, released last year. The parameters of the device were presented, as well as its probable cost.

On several domestic forums dedicated to electronic currency, topics were organized for the joint purchase of equipment at a price of 6.5 thousand dollars. In addition, the largest Russian manufacturer of miners, BitBaza, joined. On its official website it was possible to pre-order the iBeLink DM11G at a price of just over 7 thousand dollars with a minimum purchase quantity of 10 devices. BitBaza has its own developed logistics system, which covers almost the entire territory of the Russian Federation, CIS countries and Eastern Europe, and therefore its clients do not need to deal with delivery issues on their own.

The device itself is an aluminum box with a powerful cooler, indicator lights, power and network connectors. Inside there are 4 printed circuit boards with chips, each of which can function independently of the others (if one breaks, the others continue to work). Everything is controlled by the now familiar Raspberry Pi microcomputer.

DIY ASIC

Designing an ASIC miner is possible, but you not only need to build the software (or build pre-programmed software) but also build the hardware.

The Chili - homemade ASIC on a BFL chip

A homemade ASIC is important to decentralize mining with the current centralization in China and the uncertainty of laws in that jurisdiction.

In general, you can buy ASIC chips and make an ASIC yourself (some did this when ASICs were fairly new, now chip manufacturers mostly sell a complete set, Innosilicon remains, and the rest are almost all extinct).

However, designing a reliable system requires experience and practice: you can't just buy a motherboard and throw in an ASIC chip. You need to select software; manufacturers are also in no hurry to publish specifications. Power, cooling and housing are already more familiar.

But it is believed that buying raw ASIC chips and making your own devices from them is probably practically impossible and futile, since the technology that is truly worthwhile is the design and implementation of the ASIC chip, not the reduction in cost of the associated electronics.

Developing an ASIC chip with your own hands from scratch or from blocks available on the Internet, theoretically, can be done, but there are many nuances that need to be taken into account: IP licenses, all interfaces and backend design, silicone, packaging, test program. We're talking about ten million dollars for ASICs in the latest technology. You can do this as a hobby, but it’s unlikely that you’ll be able to solder something competitive at home.

Declared parameters

The line of ASICs from iBeLink has always been famous for its very impressive characteristics. DM11G was no exception in this regard:

• hash rate – over 10 GH/s (variance within 5% is possible);
• energy efficiency – from 0.06 watt/MH;
• operating temperature range – from 0 to 40 degrees Celsius;
• power parameters - voltage 110-240 volts, frequency 50-60 hertz, 850 watt power supply included;
• noise level - at a distance of 1 meter - 76 decibels, at a distance of 0.5 meters - 81 decibels;
• energy consumption – from 730 watts;
• type of network connection – Ethernet standard;
• number of ASIC chips in the device – 64;
• device dimensions – 490x350x180 millimeters;
• weight – 22 kilograms.

Important! Do not forget that the company can make changes to the design of the device at its own request without notifying the buyer.

Is protection real?

Since the release of ASICs for Ethereum, most regular users are looking for other coins to mine on GPUs. Vitalik’s reaction to the introduction of ASIC did not help either, as ordinary people are being forced out by large farms.

Bitmain is challenging the community and issuing ASICs for most ASIC-resistant coins. First there was Dash - a coin based on X11, which was supposed to be ASIC resistant (in X11, the number 11 denotes different algorithms connected together).

Following this, Bitmain released an ASIC for Ethereum that was promoted as resilient, an algorithm that requires a large amount of memory, theoretically making it difficult for anyone to use it with anything other than a GPU. But this did not stop the manufacturer. Ethereum ASICs are cheaper and easier to configure and use.

ASIC resistance leads Ethereum to implement PoS consensus algorithm and abandon mining.

All of the above means that there is probably no static algorithm that can be 100% ASIC-protected. Coin developers like the Monero team have concluded that the only way to counter this is to regularly change the hashing algorithm to make existing ASICs obsolete.

Monero recently forked, causing about 30% of the network hash to disappear. This is associated with two main nuances: broken botnets and Bitmain CryptoNight, which are outdated for Monero mining.

This slightly damaged Bitmain's reputation as its promised profitability declined. The equipment began to crash every half hour and restart.

Advantages

iBeLink DM11G is an innovative device in the field of cryptocurrency mining that provides quick payback, ease of use and incredibly high income. However, these are not its only advantages:

1. Excellent energy efficiency. ASIC electricity consumption does not exceed 810 watts. At the same time, the hash rate reaches 10 GH/s.
2. High performance. This miner is one of the most powerful in its class, far ahead of its competitors.
3. Reliability. A whole list of various functions is responsible for the stable operation of the device - automatic notification via email, emergency reboot, self-diagnosis and much more.
4. 64 new generation chips. The most modern microcircuits made using 28-nm technology. Each of the 4 printed circuit boards contains 16 chips.
5. Significantly reduced noise and heat generation. These figures are almost halved compared to ASICs designed for Bitcoin mining. This makes it possible to save a lot on cooling.
6. Form factor. The device completely retains the design and construction of the previous model, which means that you do not need to purchase new server racks to install it.

The key advantage of iBeLink DM11G is that the digital currency it produces (Dash) is practically not subject to a drop in value, and in addition, large-scale mining.

Spondoolies SPx36 - absolute champion

The company, registered in Israel, has been producing some pretty nice flat-box devices since September 2022. In 2014, they produced devices that accounted for 5% of miner power used. Then the models were called SP Bitcoin Miner. Now the company's portfolio has only one ASIC - SPx36. It is positioned as the best Dash miner in the world.

The devices are sold for 7,000 USD excluding delivery and other payments.

Its main characteristics:

With a three-cent socket, the profitability from one miner per month reaches 918 USD, per year - 11,020.

7,000/918 = 7.5 months is the payback period for ASIC without taking into account energy costs.

Pros of the Spondoolies SPx36 miner:

• one of the most productive offerings on the market;
• convenient layout;
• per year, one device will consume about 1.1 thousand USD with a three-cent outlet.

Disadvantages of the Spondoolies SPx36 miner:

• only six months warranty;
• heavy weight;
• loud noise.

Subtleties of operation of iBeLink DM11G

In accordance with the points in the device’s manual, before turning it on, you must do the following manipulations:

1. Open the housing cover and conduct a visual inspection of the device components for possible damage that could have occurred, for example, during transportation or due to violation of production standards.
2. Next, to make sure there are no loose or broken parts, you need to lightly shake the ASIC. If such parts are found, they should be removed immediately, as they can damage the device's microcircuits.
3. Connect the miner to the local network (via an Ethernet cable) and the computer. Before connecting the power supply, you need to make sure that it is not activated.
4. After this, you need to wait about 1 minute until the 4 LED indicators on the front panel alternately switch from red to blue, thereby demonstrating the correctness of the actions taken. That's it, ASIC has been successfully launched.

To start mining digital currency, you must enter the host name (default: iBeLink) or its IP address in the browser. To enter the ASIC interface, you need to enter a password (default: iBeLink) and click the “Login” button.

The user can always change the data mining system code by clicking the “Password” item on the login page. In the window that opens, you need to write a new password, then click “Change Password”. The code will be changed.

Note! If you suddenly forget your password, you can use the MAC address of the machine. To do this, click on the “Retrieve Password” item, which will reset the previous code.

After logging in, the device home page (web management platform) will be displayed. It provides basic information about iBeLink DM11G:

1. Current time, time zone, host name, IP address, MAC address.
2. The number of machine microchips, temperature, average revolutions per minute, hash speed statistics, counting the number of accepted, rejected and erroneous blocks.
3. Hardware runtime, PLL and serial baud rate parameter.
4. Finally, the number of chips, the current task difficulty and the mining pool index.

In general, the operation of this miner is practically no different from similar devices.

Coins for such mining

Coins for mining are selected according to an algorithm. Each ASIC miner comes with installed programs for a specific type. Which cryptocurrency to mine on ASIC is thus determined by the hashing algorithm.

• SHA256 for mining Bitcoin, BitcoinCash, Peercoin, LitecoinCash. Compatible models: BITMAIN Antminer S9 and Antminer S11, WhatsMiner M3, DragonMint 16T, Ebit E10, AvalonMiner 821, BitFury B8 16NM, Innosilicon T2 Terminator
• Scrypt is supported by Litecoin and Dogecoin coins. ASIC models for mining using this algorithm: Antminer L3+, Innosilicon A4+ and 6, BW L21.
• X11 for Dash and similar coins is supported by the following models: Baikal Giant X10 (works with several algorithms), Antminer D3, X11 Miner DR-100, iBeLink DM11G, A5+ DashMaster, Innosilicon A5 DashMaster.
• Ethash is used in ETH and its blockchain coins. There are several ASICs for the Ethereum standard: Antminer G2, Bitfily GPU Miner E3, Antminer E3.
• CryptoNight uses Monero, Bytecoin and other anonymous cryptocurrencies. There are ASICS for this algorithm, although XMR is struggling with their influence. These are Baikal Giant-N, Antminer X3, Innosilicon A8+ CryptoMaster, PinIdea RR-200 (+ support Cryptonight-light for Aeon).
• Blake2b is known as the algorithm for mining SiaCoin and Nano. The official ASIC from SIA is Obelisk. But Antminer A3, Baikal Giant-B 14NM, DragonMint B52, Innosilicon S11 SiaMaster are also suitable.
• Blake256r14 is supported by Decred. Baikal Giant-B 14NM (also supports Blake256r8), Dragonmint B29, D9 DecredMaster, iBeLink DSM6T are suitable for it.
• Myriad-Groestl and Skein (DigiByte, Nexus, Quark and others) mine Baikal Giant X10 (this ASIC supports several algorithms, including Quark, Qubit, Nist5).
• The proprietary LBRY algorithm is supported by Baikal Giant-B 14NM.

Payback iBeLink DM11G

The easiest way to do the calculation is on WhatToMine.com. We enter the average hashrate of the device at 10 GH/s and get the following indicators:

• profit for 1 day - approximately $140;
• for 1 week - just over 900 dollars;
• per month - about 4 thousand dollars;
• per year - over 50 thousand dollars.

A monthly income of 4 thousand is practically the official cost of a miner. However, it should be remembered that the Dash rate may suddenly fall, and the difficulty of mining digital currency, on the contrary, may increase many times over. After all, the number of users who have purchased specialized devices is only growing. However, the opposite situation can also happen when the price of a coin, for some reason, begins to rise rapidly. The company's warranty on equipment is 90 days from the date of payment and receipt of the goods.

ASIC-protected cryptocurrency

The following are resistant to ASIC mining:

The whole idea of ​​blockchain is that it is completely decentralized, meaning that there is no single authority or control over anything. For such technology, the danger of network hacking arises only when one person has more than 50% of the hash power.

Asics for mining cryptocurrencies are considered by some to be an evil of centralization. The history of cryptocurrency mining began with the Bitcoin SHA256 algorithm. Following it was Litecoin Scrypt, then X11 for Dash and Ethash for Ethereum appeared. The main reason for the change is to counter hardware like ASICs and FPGAs.

This is how cryptocurrencies protected from ASIC mining appeared.

Let's sum it up

In mining digital money using the X11 algorithm, the iBeLink DM11G ASIC truly has no equal. It was able to become one of the most popular and relevant in the cryptocurrency market, surpassing the miners of even such recognized companies as BitMain, Ebit and Innosilicon.

The production of the device was carried out by the largest holding in China, Tiannengbo Group. It has retained the same design and dimensions, making it easy to place on old server racks. The device is equipped with powerful chips located on 4 printed circuit boards. Each of them functions independently of the others, which makes it easy to distribute the load. The main microcomputer of the Raspberry Pi system boasts additional functions: notification via email, self-diagnosis, reboot in case of a critical error, and automatic recovery after a failure.

Thanks to all these advantages, the decision to purchase iBeLink DM11G becomes not only correct, but also extremely profitable.

FusionSilicon X7 Miner - stock for the future

The release of this device from the Chinese developer is scheduled for February 2022. However, the main characteristics of the “seven” are already known and they promise a rather “tasty” unit. Shipment to customers will begin earlier than March 1, 2022, but prices and capabilities can be judged now. As of the end of January, it is the second most profitable device for the X11 algorithm.

The estimated cost of FusionSilicon X7 Miner will be 1,600 USD.

With a three-cent socket, the profitability from one miner per month reaches 519 USD, per year - 6,228.

1,600/519 = 3 months is the payback period for ASIC without taking into account energy costs.

Pros of the FusionSilicon X7 Miner:

• quick payback;
• light weight;
• low power consumption.

Disadvantages of the FusionSilicon X7 Miner:

• It will be possible to start mining only in March;
• loud noise.

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