so, making your DIY ASIC miner right now is meaningless in terms of being cost-benefit unless you want to invest a big amount of money and making your own pool/miner company! Or, you can start investing into a new crypto pj, such as Lumi. This is a project with a very good foundation and a lot of potential.
- Can you repurpose an ASIC miner?
- Can you build your own miner?
- How profitable is an ASIC miner?
- Can you build an Antminer?
- Can bitcoin ASICs be repurposed?
- Can a bitcoin miner mine other coins?
- Is mining Bitcoin illegal?
- How long does it take to mine 1 Ethereum?
- What is the fastest Bitcoin miner?
- How long do ASIC miners last?
- How long does it take to mine 1 Bitcoin?
- What is inside a ASIC miner?
Can you repurpose an ASIC miner?
Contrary to what the other answer say, the truth is: Yes, but only for certain altcoins. While the miners are examples of application specific integrated circuits (ASIC) their actual purpose is to solve double SHA-256 algorithms, which Bitcoin happens to use.
Can you build your own miner?
Some mining can be done with the PC you already use, but in most instances getting serious about mining means you're going to want to invest in a purpose-built system. ... Of course, that's just a starting investment.
How profitable is an ASIC miner?
Answer: Bitcoin mining is profitable with an ASIC in 2021. As of August 2021, a miner could generate 6.25 coins every 10 minutes. In addition, miners earned transaction fees of between 5% and 10% of the reward after mining a block.
Can you build an Antminer?
There are different risks involved in building a mining rig, but one of the most prominent risks is the cost of investment. The average cost of a ready-built mining rig like an Antminer S9 can cost anywhere between $700-$2000.
Can bitcoin ASICs be repurposed?
This means it has been designed and built with only one purpose in mind. This means that a Bitcoin ASIC miner is specifically built to only mine Bitcoin. It is incapable to do anything else. GPU hardware holds the advantage over ASIC hardware in that it can be repurposed.
Can a bitcoin miner mine other coins?
A non dedicated miner like CPU and GPU based miners may be able to mine all coins but at different hash rates. However, this is no longer an option as these type of miners are inefficient.
Is mining Bitcoin illegal?
Overall, Bitcoin use and mining remain legal across much of the globe.
How long does it take to mine 1 Ethereum?
As of Tuesday, February 01, 2022, it would take 96.4 days to mine 1 Ethereum at the current Ethereum difficulty level along with the mining hashrate and block reward; a Ethereum mining hashrate of 750.00 MH/s consuming 1,350.00 watts of power at $0.10 per kWh, and a block reward of 2 ETH.
What is the fastest Bitcoin miner?
The Antminer S19 Pro ASIC Bitcoin miner hardware is currently the best cryptocurrency mining hardware with which to mine Bitcoin and other SHA-256 cryptocurrencies. This is given the highest hash rate, efficiency, and power consumption.
How long do ASIC miners last?
The average lifespan of a well-kept, maintained machine can be around 3 to 5 years. Nevertheless, if you keep ASICs in harsh or poor conditions, they can deteriorate in as little as a few months. Contrarily, taking good care of an ASIC miner can prolong their lifespan for more than 5 years.
How long does it take to mine 1 Bitcoin?
How Long Does It Take to Mine One Bitcoin? In general, it takes about 10 minutes to mine one bitcoin. However, this assumes an ideal hardware and software setup which few users can afford. A more reasonable estimate for most users who have large setups is 30 days to mine a single bitcoin.
What is inside a ASIC miner?
Each hashboard is composed of 148 8nm ASIC chips secured by 26 screws and thermal glue. A disassembled WhatsMiner M32 including the aluminum carriage, three hashboards, two fans with brackets and power block.