In this article we will look at the promising investment project ASIC LTD (asicltd.com). The company offers us 2.1% profit per day for 70 working days. The project is high-quality and promising. Therefore, I entrusted the company with a fairly large amount.
In this article you will learn:
- What do we know about the project
- How to make money from ASIC LTD
- Review of ASIC LTD
Note! If the site does not load, you need to open it via VPN or TOR
Bitcoin Mining Hardware Review
Currently, the only way to participate in BTC mining is to use specialized devices known as ASIC miners. As mining develops, more and more companies are starting to produce specialized equipment.
Best Bitcoin miners in 2022:
- Antminer S19 Pro
- M30 S++
- Antminer T19
Characteristics of
Antminer S19 Pro
- Manufacturer: Bitmain
- Hashrate: 110 TH/s
- Power consumption: 3250 W
- Profitability rating: 5 stars
View miner
Specifications M30 S++
- Manufacturer: MicroBT
- Hashrate: 112 TH/s
- Power consumption: 3472 W
- Profitability rating: 4.5 stars
View miner
Characteristics of Antminer T19
- Manufacturer: Bitmain
- Hashrate: 84 TH/s.
- Power consumption: 3150 W
- Profitability rating: 4 stars
View miner
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In short, these are the best Bitcoin mining hardware. If you want a deeper understanding of how to choose a miner, keep reading. Here's what we'll tell you:
Canaan
The Chinese company Canaan is located in the northwest of Beijing, the website address canaan.io directly on it you can buy only a batch of 60 devices. If you are not satisfied with this quantity, then purchase one set each from official distributors.
Avalon 6
Inexpensive ASIC. Price: ~ $560; 3.65 TH/s; 270 J/th/s; power 990W; Raspberry Pi network controller B, B+; fan; dimensions 354x136x150 mm.
Avalon 2 E9
Price: ~ $2000; 230Gh/s; 1150W; built-in miner program; 1 fan; Ethernet; package weight 10.6 kg.
Avalon Miner 821
Endowed with the highest performance among Canaan devices. The indicators announced at the presentation made Asik the most popular at the pre-sale stage, because the proportionality of price to output amazed many.
Price: ~ $2200; Characteristics of AvalonMiner 821-SHA256; 11.0 TH/s; 1200W; AUC3 + AUC3 I2c; 104 microchips A3210 16 nm; cooler; Ethernet. Dimensions 370x150x136 mm; weight 4.7 kg; network adapter included.
Avalon Miner 761
ASIC miner with improved cooling technology. Price: ~ $2100; Parameters Avalon Miner 761- SHA256; 8.8TH/s; 1320 W; AUC3 + AUC3 I2c; 104 A3212 16nm processors; cooler; Ethernet. Dimensions 320x136x150 mm; weight 5.8 kg.
Avalon 741
Almost a homemade ASIC. Price: $1450; Performance 7.3 TH/s; The noise from the only fan is 60 dB. Assembled from 88 16nm A3212 chips. The block dimensions 320x136x150 mm are sold complete with a connection cable.
History of Bitcoin Mining
Before we get into the different miners on the market, we want to make sure you are familiar with what BTC mining is. If you already know about the purpose of mining and how it integrates with the Bitcoin network, you can skip this part.
Mining has evolved from an activity you can do from the comfort of your own home to a specialized activity that requires a lot of time and capital.
Miners have evolved from using a CPU to graphics cards (graphics processing units) and then to FPGAs (field programmable gate arrays) before reaching their current state of ASIC (computation specific integrated circuit) mining.
Today, if you try to mine the first digital currency without an ASIC miner, you will be disappointed.
See: How long does it take to mine 1 Bitcoin in 2022?
ASICs are designed specifically for Bitcoin mining and are therefore the most efficient type of hardware.
For reference, the power of one ASIC miner is equivalent to 700 video cards. Thus, the mass migration of miners to ASIC hardware is easy to understand.
A clear indication of this is the total hashrate of the BTC network, which has surpassed the incredible milestone of 140 exahashes per second (that's 140,000,000,000,000,000,000 hash calculations per second!).
Image courtesy of blockchain.com
Today the focus is on creating smaller ASIC mining chips to produce more powerful miners. The smaller the chip size, the more chips you can fit into the device, increasing its mining capabilities.
The smallest chip on the market today is the 7nm (nanometer) chip from Bitmain and their Antminer S17. However, 5nm chips are expected to be introduced by Bitmain and Canaan soon.
Miner's choice
When you want to evaluate a miner, you usually need to check three main factors:
Power consumption
How much electricity does the device consume? This is important because mining Bitcoin will incur a huge electricity bill. It is measured in watts, and the lower the number, the better.
Hashrate
This is an indicator of the miner's power to solve a mathematical problem. Hashrate basically measures how many decisions a miner can make per second.
While a personal computer can make several million decisions per second, modern ASICs can make 1*10^12 decisions. The higher the hashrate, the better.
Energy efficiency
While high hashrate is good, if you spend a lot of energy getting it, you will end up losing money.
Efficiency is basically a calculation of the amount of energy required to generate one Bitcoin. An efficient device requires less power.
Efficiency is calculated by dividing power consumption by hashrate. This way you can compare miners with each other.
All of the above factors are important in calculating profitability, so make sure you have everything in place before proceeding.
Once you have this information, you can plug it into a Bitcoin mining calculator and estimate how many coins you can mine in one timeframe.
Keep in mind that this calculation will never be 100% accurate as you cannot know for sure the exact change in difficulty at the moment or what will happen to the price of Bitcoin one week from today.
Classification of ASIC devices
The desire to choose the most productive ASIC is not always justified. First you need to determine how and in what place the device will work.
Manufacturers divide ASIC devices into two categories:
- domestic ones, which, due to the level of noise produced and electricity consumed, can be used in your own apartment;
- professional units powered from a separate electrical line, generating a lot of heat and noise.
Among home ones, one can also distinguish compact, expanding ASIC farms. They are a small desktop device with a dozen USB ports. This includes boards with mounted chips, they are called wafers. The power of such devices is low; electricity consumption is comparable to that of a card device. No additional cooling is required; air constantly circulates between the plates. The profitability of compact ASICs is low; the payback period depends on the exchange rate.
What does a homemade ASIC Farm of the last generation look like?
Professional ASIC devices are characterized by increased power. They consume more than 1.5 kilowatts of electricity, and a significant amount of heat is generated during their operation. Manufactured in an industrial design: a robust case, several reinforced fans.
It is not recommended to use them at home for several reasons:
- First, a separate power line is required.
- Secondly, cooling fans are excessively noisy.
- Thirdly, the air is constantly heated.
Such units require a separate room, something like Chinese data centers. Home ASIC miners are made in smaller sizes with moderate power consumption. Their fans make less noise only because the less powerful operation of ASICs is not accompanied by greater heat generation.
Criterias of choice
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Before choosing a suitable ASIC device, you need to understand the mining parameters. This process is impossible without electricity and the Internet; their volume directly depends on the speed of solving the hashing problem. It is clear that the device is bought based on the amount of money.
Therefore, three criteria stand out:
1. Hash rate or “hashrate”. Measured in Gigahashes, Terahashes per second. 2. Electricity consumption in kilowatt-hours. 3. The cost of the device, consider not only the manufacturer’s price.
Add shipping to the price; sometimes power supplies are sold separately. Consider all costs to calculate your return on investment. Hashrate is the first criterion; the higher it is, the more powerful the ASIC device is considered. A high hashrate will ensure the most productive cryptocurrency mining, because such a device generates blocks in the blockchain faster. The electricity consumption criterion is placed in second place due to the significant energy intensity of mining. Essentially, you will always have a microwave or kettle on. This is approximately how electricity bills will change with this method of earning money. The trend in producing ASIC devices is aimed at reducing power consumption, but the price of such energy-efficient devices is higher. Therefore, the price range is wide, choose the ASIC to suit your conditions.
Well-known companies producing mining equipment
Bitmain Technologies
Bitmain, the most famous manufacturer of mining equipment, was founded in 2013 in China and today has offices in several countries around the world.
The company has developed Antminer, a series of ASIC miners designed for mining cryptocurrencies such as Bitcoin, Litecoin and Dash.
Bitmain is also responsible for the two largest mining pools: BTC.com and Antpool.
While Bitmain is respected for its technical excellence and reliable delivery, the company has also been criticized by many crypto enthusiasts for a number of reasons:
- Monopolization of production using ASIC
- Its role in the delay in SegWit updates
- His support and promotion of Bitcoin Cash
- Its alleged anti-competitive practices
- His questionable practices, such as the Antbleed vulnerability and the AsicBoost scandal.
It is likely that the bulk of mining hardware today consists of Bitmain miners, according to analysis that puts Bitmain's share of the ASIC market at 70–80%.
However, after these controversial events and some setbacks, Bitmain adopted a less aggressive business strategy.
It appears that the bulk of the hardware today consists of Bitmain miners, based on analysis that puts Bitmain's share of the ASIC market at 60–70%.
MicroBT
MicroBT or Bit Micro is a relative newcomer in this area, but successful; they sold 650,000 ASICs in 2022 and look set to become a strong competitor to Bitmain and Canaan.
The company is based in China, specifically Shenzhen, a technology manufacturing hub.
MicroBT produces the Whatsminer line of ASICs and has currently released 5 series in this range: Whatsminer D1, M10, M20, M21 and the current generation M30.
The company has certainly had a good start, releasing some competitive products, and it will be interesting to follow their development.
Canaan Creative
Canaan was founded in 2013 in Beijing N.G. Zhang. Canaan started out as a manufacturer of FPGA mining hardware, pre-ASIC.
In November 2022, Canaan raised a total of $90 million by listing on Nasdaq, a technology-focused US stock market.
Canaan was the first ASIC manufacturer to publicly list shares.
Canaan is the second largest ASIC manufacturer in the world. The company has extensive experience in the development and production of electronics. It's clear that this industry veteran has big plans for the future.
Innosilicon Technology
Innosilicon is a hardware manufacturer with development teams in China and North America. Innosilicon prides itself on providing low-cost, high-performance, fully customizable solutions coupled with award-winning design support.
Their IP can be found in millions of mobile, multimedia and consumer electronic devices such as tablets, cell phones, set-top boxes, televisions, cameras, networking devices, computing ICs, which have become market leaders.
The company has entered the cryptocurrency mining market and introduced the Terminator series for Bitcoin mining, and their latest miner is the T3+ Pro.
GMO Internet
June 2022 Update: Due to low profitability, GMO Internet has stopped producing mining hardware.
Japanese giant GMO Internet also introduced a line of Bitcoin miners.
While GMO Internet is primarily involved in Internet infrastructure businesses, it also operates other businesses such as online advertising and media, online financial services, mobile entertainment and, of course, cryptocurrency.
The company has also launched several crypto exchanges and is involved in mining and cloud mining contracts.
Zhejiang Ebang Communication
Ebang is mainly engaged in the research and development, production and sales of fiber optic telecommunication products. The company is also one of the largest ASIC chip manufacturers in its region. Ebang miners carry the Ebit brand.
Ebang filed for an IPO on the US stock exchange in April 2022, so the company definitely has big plans for the future.
Bitfury
Bitfury is a hardware and software veteran founded back in 2011.
The company independently conducts large-scale mining operations and is known to be responsible for large volumes of the Bitcoin network hashrate.
The company offers several products, including an ASIC chip called Clarke, an enterprise-grade Bitcoin mining server called Tardis, and a portable Bitcoin mining data center called BlockBox.
The company has data centers in Iceland, Georgia, Canada and Norway that process and transmit Bitcoin transactions.
What do we know about ASIC LTD
ASIC LTD has been working with investors since December 16, 2022 .
What does the company do? According to all available information, ASIC LTD is an automated investment platform that allows you to earn money by mining cryptocurrency without diving into the intricacies of setting up equipment.
The company says it plans to launch at least 14 new crypto farms every year. And, update the investment platform every 2-3 months.
In recent years, mining has become increasingly profitable. Well, in recent months, when the largest cryptocurrencies are updating value records, mining has become especially profitable. Cryptocurrency mining equipment is being purchased instantly. And, especially, video cards (they are used the most).
Of course, the topic is promising and in demand. Therefore, ASIC LTD invites us to invest in our mining equipment and make great money from it.
Best Bitcoin Miners for 2022
Although there is a wide range of miners available in the market, it is highly recommended to use the latest models as they will give you the best return on investment. Here's a quick overview of the best miners.
- Antminer S19 Pro
- M30 S++
- Antminer T19
Characteristics of
Antminer S19 Pro
- Manufacturer: Bitmain
- Hashrate: 110 TH/s
- Power consumption: 3250 W
- Profitability rating: 5 stars
View miner
Specifications M30 S++
- Manufacturer: MicroBT
- Hashrate: 112 TH/s
- Power consumption: 3472 W
- Profitability rating: 4.5 stars
View miner
Characteristics of Antminer T19
- Manufacturer: Bitmain
- Hashrate: 84 TH/s.
- Power consumption: 3150 W
- Profitability rating: 4 stars
View miner
MicroBT M30s++
MicroBT M30s++ announced on the website.
A bold statement, but - at least for now - it is not true. Surprisingly, the device uses 12nm chips rather than the newer 7nm ones seen in competing miners.
It achieves an incredible speed of 112 TH/s and is extremely efficient at 31 Joules/TH.
Antminer S19 Pro
The Antminer S19 Pro from Bitmain, ASIC veterans, is competing for the title of the best hardware for Bitcoin mining after the halving. The S19 Pro is a hashing monster that has 110 TH/s power with a power consumption of 3250 Watts. With an almost identical price, it is very difficult to conclude which of the above two is better, at least on paper.
Antminer T19
The T19 line is the latest and greatest from Bitmain. This model, released on June 1, 2022, was designed to find a middle ground between price and hashing power, mainly due to the slow sales of its older brother, the Antminer S19 PRO.
The T19 delivers 84 TH/s with a power consumption of 3150 W, making it a cheaper and less efficient alternative to its big brother, the S19 Pro.
Antminer S17+
Created in March 2022, this 7nm miner is still a popular and proven Bitmain miner. The ASIC can reach 68 TH/s with a power consumption of about 2680 W. It can still compete with its new adversaries - if purchased at a reasonable price.
Comparison of the best Bitcoin miners
We compared the leading devices with each other in the mining calculator. To calculate the cost of electricity, we used $0.67, which is the average industrial electricity rate.
For comparison, the average consumer price for electricity in the world is $0.12. This rate gives a better idea of how important low energy costs are to profitable mining.
Calculations are made based on values for October 2022. The Bitcoin price at the time of calculation was $11,300 and the difficulty was 15466098935555.
To calculate commissions, we used the standard 2% commission that can be found on most pools.
The calculation was carried out after the halving, so profitability has decreased significantly, with each mined block costing only 6.25 BTC, compared to the previous 12.5.
We compared the results after 1 month of mining because statistics such as price and difficulty change frequently, so using the same results over a year would be unrealistic.
MicroBT Whatsminer M30s++
Antminer S19 Pro
As you can see, “on paper” the S19 Pro shows an advantage over the WhatsMiner M30s++, with both devoting 63% of their profits to energy costs.
Both are profitable even at consumer electricity rates of $0.10 per kW, which is impossible to say for any of the competing miners available at the time of writing.
Antminer T19
In comparison, over the same period of mining time, Antminer T19 provides less than half the profit of the two stronger miners at almost the same electricity costs (even though it was released after them).
It's clear that when it comes to efficiency, the T19 can't match other miners in this comparison, but keep in mind that the examples above don't include hardware costs. To get a clear profit calculation, you must take this into account.
The reason we don't include prices in this article is because these miners tend to sell out pretty quickly and in most cases people buy them from secondary markets like Avito or Amazon, so prices can vary greatly.
For example, prices can vary so much that you can get a T19 for less than half the price of an S19 PRO or M30s++. As you can imagine, this can look at ROI from a different perspective.
FAQ
Can I use my computer to mine Bitcoin?
No you can not. At the current hashrate of the Bitcoin network, successful mining using a personal computer will require more than a lifetime. Only specialized ASIC miners can mine Bitcoin. Or you can try using the NiceHash program to receive payments in BTC.
How much does a Bitcoin mining ASIC cost?
Prices for new Bitcoin mining hardware typically range from $1,000 to $2,000. On secondary markets, when supply is low (which is usually the case), you can find premium rates of up to 5x.
In what year will the last Bitcoin be mined?
According to the halving rules, the last Bitcoin will be mined sometime in 2140.
Is Bitcoin mining still profitable?
Yes. If you have a powerful ASIC miner and low power costs, you can still be in the black. However, since the price and difficulty of Bitcoin are constantly changing, it is important to do detailed calculations before spending money on any miner.
How much Bitcoin can you mine in a day?
Using Whatsminer M30s++ and a difficulty factor of 15,466,098,935,555, you will be able to mine 0.00054466 Bitcoin in one day.
How many bitcoins are left?
As of October 2022, there are approximately 2.5 million Bitcoins left to be mined. Read: How many Bitcoins have been mined to date?
Let's sum it up
It is obvious that mining Bitcoin and other cryptocurrencies is increasingly becoming the domain of large players with large financial capabilities. Therefore, to some extent, now it will be more profitable to simply purchase Bitcoin, since the profit from its purchase may be higher than from mining. This may in the near future stimulate the purchase of cryptocurrencies, which in turn will have a positive effect on prices. If you still want to enter the ASIC mining market, then read our recent review of the most profitable ASIC miners as of mid-December 2022.
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