Blockchain technology is unfolding day by day, and mining farms are starting to become large-scale pay centres. Crypto-currencies can make you wealthy; we have seen it with Bitcoin, which went from a few dollars to a peak of more than 20,000 dollars in just five years. From this observation, many investors seek to take advantage of this new economy to take advantage of the crypto-currency market (crypto-market) to increase their turnover.
The ASIC miner is a physical piece of equipment whose sole task is to mine cryptocurrencies. It looks like a dedicated mining computer, providing enough power to compete in the Proof of Work race. Its use only requires a suitable power supply and a good quality internet connection.
In short, the ASIC miner is an independent machine that can be bought and pays you a return on investment automatically, without the interface, without manipulation and knowledge of the world of cryptocurrency, a real gem for the unemployed students and all. ASIC miners like Antminer S19 generally offer a relatively short time to reach profitability.
How does it work?
In general, a Blockchain is an open network that allows access to everyone, anyone who uses cryptocurrency to carry out transactions. These transactions are operational by computer processing which transforms the data into an encrypted code inviolable using an algorithm; this is called mining. Mining allows infallible securing of assets and requires significant resource capacity. In China, there are mining farms, in other words, industries that calculate data on a massive scale through very advanced computer assemblies.
Far from competing with these racehorses, producers offer individuals the ability to obtain a low market share thanks to a dedicated ASIC calculator for mining, more potent than most personal computers. It has specialized components for crypto-currencies and most often only processes one of them to improve performance.
This specification is justified by the peculiarities of the algorithms of each Blockchain—some of the programs their platform in different languages , which are difficult for ordinary computers to transcribe. The ASIC miner like Antminer S19 Pro is thus explicitly designed for this or that Blockchain that you are about to mine. We find in the market different categories of miners whose computing power will be optimized for different scripts.
Is an ASIC miner profitable?
It would be pointless to use this kind of equipment if the chances of winning rewards are low compared to a conventional computer. First of all, an ASIC is expensive, around 1000 and 2000 dollars and Antminer S19 price starts form 7500 dollars, a colossal investment that only appeals to those who know a little about the world of Blockchain.
You can calculate the profitability of an ASIC in advance. By knowing the price of the material, the costs, and the number of hashes that it will carry out, we can estimate the number of tokens that it will be able to bring back. However, these claims are purely theoretical, and from experience, the results are always below estimates.
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