It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
Yesterday, during the Black Friday, when everyone was looking for discounts GAW Miners have introduced something new – the HashStaker. The successor of the Hashlet you may say, but instead of cloud mining the HashStaker will be doing colud staking, generating you profit from the PayCoins that you will store in it over time. So it all sounds like an wallet for a PoS coin that you need to hold in your wallet to get additional revenue in the form of staked coins over time. So HashStakers are essentially cloud based wallets and they require coins to start staking, but you need to purchase space for the specific amount of coins in your cloud wallet that you will store for staking at $9.95 USD per PayCoin strage space in the HashStaker for 3 months or $17.95 for 6 months. The first HashStaker is for PayCoin, GAW’s own crypto currency, but apparently they do plan to add HashStakers for other crypto currencies as well. In order for you to use the HashStakers you would also need to purchase some PayCoin and then leave the coins inside the staking wallet for the duration of the period you have choosen – 3 or 6 months. So you will not only have to get a HashStaker, but also get some PayCoins either from the ICO or when the PayBase platform launches and then store them inside the HashStaker, so that it will start to stake for you. Also there will be an option available for Hashlet owners to upgrade to HashStaker announced soon.
GAW Miners have been getting some criticism when they have announced the Hashlets earlier this year as a different form for cloud mining, and now they will probably be getting some for the HashStaker. What they are doing however is not just announcing some random products hoping that they can make miners happy with them by giving them the chance to make some profit, they are creating a whole ecosystem for the miners and users of their crypto currency. You can think about the PayCoin as an altcoin that comes with the services and support it needs to actually succeed and not only with empty promises about a bright future by some random new developer. Now, do note that there are no 100% guarantees for that, but the chances that PayCoin has to actually be a successful one and take space among top crypto currencies compared to many other altcoins, especially ones with very short lifespan, are much higher. Unfortunately it all comes with the cost of some centralization, but that could be the necessary evil to make thing run smoother and problem free in the case of PayCoin. If everything works out fine we could see PayCoin ranking among the top crypto currencies, but we don’t think that it would be able to replace BitCoin, but why not be a viable alternative. Bitcoin has a different philosophy and goals behind it, very different from what PayCoin is and promotes, but that does not mean you should ignore PayCoin if you are in crypto currencies just to make profit. It is up to you to decide what will you do with PayCoin, like it or not, invest in it or not, but don’t dismiss it without first checking out what it is all about and not just PayCoin, but the ecosystem that GAW is building around it to support it such as the HashStaker and PayBase. Try to look at the whole picture and not just to focus on the marketing messages.
One thing that is clear already regarding the mining of Bitcoins and what is also happening with Litecoin mining is that it is getting centralized in the hands of large mining farms and is getting harder and harder for the average small home miner to make it. So looking for other alternatives is not a bad idea and as usual the recommendation not go all in for a single thing as crypto currencies are still risky investments and you better be safe than sorry. We are going to be checking out the PayCoin, HashStaker and PayBase to see how well they will work out together, so stay tuned for more information from our experience with them.
Just about three weeks ago GAWMiners have announced their upcoming Vaultbreaker Scryt ASIC miners – a 500 MHS model and a 250 GHS mini. Today they have announced an updated about these new miners saying they will offer 50% increase in the hashrate for all existing and new customers that pre-order a Vaultbreaker. So the Vaultbreaker will be 750 MHS and costs $6999.95 USD (Batch 2 pre-order) and the Vaultbreaker Mini will be 375 MHS and costs $3795 USD (Batch 2 pre-order). The expected shipping date is still the end of Q3 (optimistic) or early Q4 (realistic).
The initial prices for the Batch 1 pre-orders were $8999.95 USD and $4999.95 USD respectively and the 500 MHS miner was supposed to provide this hashrate at sub 1000W of power usage. So the new prices for Batch 2 are now lower and offer higher hashrate (Batch 1 miners should also be upgraded to the new speeds). The new hashrate of 750 MHS however does come with 1500W of power consumption and the 375 MHS Mini will be with 900W of power consumption. So the extra 50% increase in terms of power do not come from further optimization, but apparently are a result of additional chips. With the new hashrate however the Vaultbreakers do become more attractive alternative than KnCMiner’s Neptune miners, especially if they can deliver at the same time or even earlier.
– For more information about the GAWMiners Valutbreaker Scrypt ASICs…
We have been testing the 27 MHS GAWMiners Falcon Scrypt ASIC Miner, the unbranded version, which is essentially the same as the first batch of ZeusMiner Thunder X3. The later batches have been branded with red GAWMiners cases and have some fixes and improvements from the initial design, addressing most of the small details that needed fixing from the first batch. Things like optimized the case and cooling, providing space for integrated power supply and so on are now available in the new design, so we are not going to be talking much about the small flaws in the first batch as they have apparently been resolved in the new and improved batches.
GAW ships their Falcon Scrypt ASIC miners bundled with a ZenController by ZenMiner, essentially a Raspberry Pi with an image designed to provide support for the miner and offer cloud-based control of the device directly through a web site. This makes it easier to monitor and control your miner remotely without having to have direct access to the IP of the miner, be on the same network, or use remote connections etc. A convenient way to get started without having to rely on a PC to connect and control the miner, though the Falcon does have a USB port and you can use it with a direct connection to a computer as well. If you are not happy with the ZenOS there is also the option to use a different RPi image with support for the Zeus ASIC chips, there are already a few alternatives available.
The cooling of the Falcon miner is done with two 120mm fans (HFD12038M12BL), the larger type that are 38mm and not 25mm and these are quite powerful and not so silent. But that is to be expected considering the power consumption of the miner, and is something that pretty much all big ASIC miners that provide a lot of hashpower have in common. Unfortunately we could not find details about the specifications of the fans used, but in general it is not a good idea to try to replace these fans with ones that are more silent as that may lead to not so good cooling efficiency and the device overheating. The cooling of the miner is designed in a way that the fans are pulling the air from inside the case and the airflow goes through the large heatsinks, an effective solution from our tests, though the chips still do get quite hot.
Here is a look at the noise level of the miner running, measured at 1 meter distance from the device – almost 68 dBA. Not very silent, but we have seen other big miners that have been even noisier than that. What is clear however is that you will not be willing to put this miner in your living room or bedroom for 24/7 mining as the noise level is not suitable for that, you would want to use the miner in a room where the noise is not an issue and the air circulation is good.
Looking at the specifications of the Falcon Scrypt ASIC miner you can see that the power consumption on GAW’s website is 1040W, so apparently a good quality 1000W power supply is recommended to be used with the device. We did measure the power usage of our unit and you can see the results above, but generally speaking a 1000W 80 Plus rated ATX PSU is a good idea to be used. Our test has shown that the actual power usage of the miner is about 916W. The fact that we are using a more powerful 80 Plus Platinum power supply gives us very high efficiency of over 94% at this serious load, so the total power consumed at the wall is roughly 970-975W.
Inside the Falcon miner you can find 4 boards with 32 Zeus Scrypt ASIC chips on each. These are attached to large aluminum heatsinks, though the contact point is not the top of the chips, but instead the back of the PCB. This is the easier approach that many ASIC miners use, especially if you have boards with a lot of smaller chips on them, while if you have fewer larger chips they usually have a heatsink on top of the chip. This cooling design does work well, though often with the back contact point the operating temperature of the chips is higher, but apparently no problem for the 55nm Zeus chips.
We did take some images with a thermal camera of the Falcon miner in order to have a better idea on the cooling efficiency of the device. On the outside the Falcon is pretty cool with the hottest areas barely getting up to about 42 degrees Celsius, so the cooling method used is doing very well.
We’ve opened the case of the miner to take some thermal images of the inside, and as you can see on the left image, the four big aluminum heatsinks remain very cool at about 30-35 degrees Celsius while the fans are pulling a lot of air though them. Looking at the boards with the ASIC chips they do seem a bit hotter as to be expected, the chips are pretty hot as the design of the miner uses the back of the PCB to transfer the heat to the heatsinks as we’ve already mentioned. Temperatures of about 60-70 degrees Celsius are apparently something that is not a problem for them, though you should be careful not to get the temperatures much higher like for example leaving the miner to work with an open case for some time. The power modules of the boards do seem cooler than the ASIC chips, though they do get a bit hot as well.
Time to talk a bit about the performance you can get from the 27 MHS Falcon Scrypt ASIC. These miners are rated at 27 MHS or more from GAWMiners and they do manage to deliver even slightly higher average performance when you run them at the recommended operating frequency of 328 MHz. The minimum average hashrate we got at the LTC Rabbit mining pool for a period of 24 hours was 25674 KHS and the maximum was 29332 KHS with an average across the whole day of 27882 KHS. Trying out the Scrypt ASIC miner at the ScryptGuild mining multipool where you mine altcoins and get payments directly in BTC has shown us very similar performance – the average hashrate poolside was about 27738 KHS.
Looking at the locally reported hashrate when running the cgminer 3.1.1 with ZeusMiner support also shows an average performance of 27.5 MHS as well, looking at the reported WU number that is recommended to be used for judging the actual local hashrate.
So we can conclude that the 27 MHS GAWMiners Falcon Scrypt ASIC miner is really delivering what is being promised and the power rating, although a bit high, is also true as claimed (actual power usage is a bit lower with a good quality PSU). The unbranded Falcon miner from GAW did have some small design flaws that we have noticed, but we’ve seen pretty much all of them being addressed in the newer design that the branded Falcons (with red cases) use. What still seems to be missing though are the rubber feet on the bottom of the case, but you can easily add these yourself, so not much of a problem anyway. With the current price of $1929.95 USD for the latest batch the Falcon does look quite attractive with the performance it offers, though do not forget that you will also need a 1 KW ATX power supply as the miner does not come with a built-in one, so that is some extra cost if you don not have the PSU already. The Falcon using the Zeus 55nm chips at the current prices is an attractive choice as the main competition, currently also shipping hardware, that uses 28nm Innosilicon A2 chips with lower power consumption is about twice as expensive in terms of price for the same hashrate.