All About BTC, LTC, ETH mining as well as other alternative crypto currencies
If you ever wondered how hot does the Bitmain AntMiner S1 Bitcoin ASIC Miner get when operating and mining for BTC now you can get a better idea about the temperatures thanks to some thermal images that we’ve made of one of these BTC ASIC miners. The AntMiner S1 has the cooling radiators on the other side of the PCBs and not on the one where the SHA-256 mining chips are placed, so the operating temperature of the chips is not so low. Running at the default hashrate of about 180 GH/s you can see temperature of about 68 degrees Celsius and it is of the voltage regulators above the chips. As you can see the temperature on the left is lower than that on the right side of the board due to the fact that the cooling fan is on the left side.
Moving on to the exhaust side of the AntMiner S1 cooler where the hot air passing through the cooling radiator passes you can see that on the hotter output end the maximum temperature is about 61 degrees Celsius. A the same time the web interface reports operating temperatures of about 45 degrees Celsius for the two boards with chips that make the Bitmai AntMiner S1. As you can see it is a good idea to think more about the improvement of the cooling of the ASIC miner, especially if you do plane to overclock it to 190 GH/s or even 200 GH/s. The hardware is probably able to handle pretty well higher temperatures than these, but ensuring good cooling will make it perform great for longer period of time and you would want to have that when talking about a BTC ASIC miner.
Have you wondered what profit can you expect in the short term from a Bitcoin ASIC miner should you decide to invest now in one or if you just got the mining hardware? This is usually not an easy task and there are quite a few bitcoin mining calculators out there to help you in the process. If you need a quick and simple one to give you a quick idea how much you will get from a given hashrate by the end of this difficulty and in the next one, then you might want to check out this tool. In the example above we are calculating the profit we can expect from a 100 GH/s Bitcoin ASIC miner and you can see the results above. You can experiment and try with different values, what you should have in mind that the average difficulty increase is currently about 30% per cycle. Also note that the calculator takes into account the current Bitcoin exchange value and also does not calculator any costs fr electricity, this is something that you need to consider yourself based on the power consumption of your mining hardware as well as on the price of electricity per kW/h.
Bitcoin is a peer-to-peer digital crypto currency introduced as open source software back in 2009 by a developer referred as to Satoshi Nakamoto, though it seems that nobody knows the real developer’s name. Bitcoin is called a cryptocurrency, because it uses cryptography algorithms to control the creation and transfer of the digital money. Users send payments by broadcasting digitally signed messages to the P2P network and participants in the decentralized network known as miners verify and timestamp transactions into a shared public database called the block chain. Bitcoins can be obtained by the process of the so called mining or in exchange for products, services, or other real currencies. There are multiple Bitcoin exchanges where you can trade BTC for other crypto currencies or real money, both buying and selling.
Commercial use of Bitcoin is still very small in the form of goods or services that you can purchase for bitcoins compared to its use by speculators on exchanges, which has fueled price volatility. The fact that the exchange rate of a single BTC can greatly vary not only form day to day, but it can also change very quickly in just a minute is one of the most serious concern to merchants that are considering of accepting bitcoins as a means of payment, but still the high exchange rate that is currently over $800 USD for 1 BTC makes it attractive alternative to real money, especially when you also consider the very minor taxes you need to pay for a Bitcoin transaction as compared to credid card processing taxes for example.
Bitcoin is the biggest and most widely known crypto currency nowadays, in fact it is the crypto that started it all and since it generated so much attention many other crypto currencies have appeared. Nowadays it is hard to just mine bitcoins with your computer and in order to actually mine bitcoins at a good rate per day you need a specialized hardware called Bitcoin ASIC or Bitcoin Miner. In the earlier days you could mine with just the processor of your computer, then it was possible to use your video card, but nowadays the network difficulty has gotten so high that mining Bitcoins with your computer you would not be able to just cover the electricity bill with what you earn. Bitcoin uses SHA-256 as its proof-of-work scheme, but there are a few other major alternatives of Bitcoin that use SHA-256 and can be mined the same way as Bitcoin and with the same hardware including the specialized Bitcoin ASIC hardware miners. These are Namecoin, Devcoin, IXCoin, Freicoin, Peercoin, Terracoin, Zetacoin and others. You can mine these coins and then trade them at crypto currency exchanges for Bitcoins and sometimes mining an alternative crypto currency and then trading it for BTC can yield a better profit than mining Bitcoins directly, especially if you have dedicated powerful hardware for that. And one of the latest trends is not buying directly the hardware, but renting it instead and as you can expect it is called cloud mining.