It Is All About BTC, LTC, ETH, DOGE, KAS mining as well as other alternative crypto currencies
There is a lot of talk going on around the new generation of Ethash ASIC miners for mining Ethereum (ETH) that are expected to be released for order in the following few months, although nothing is official or really 100% confirmed, but both devices are expected to have hashrate higher than 2000 MH/s. We are talking about the Innosilicon’s A11 ETH miner and an upcoming device from a newcomer on the mining market, a company called Linzhi that has been getting some attention for a while now. Linzhi Inc was founded by Chen Min, the former CTO of Canaan, a popular name for everyone that has been into crypto mining for a while already as this is one of the first companies to be making Bitcoin ASIC miners – the Avalon miners.
Currently the Innosilicon A10 Pro ETH Miner is the best performing specialized non-GPU-based miner for Ethash with 500 MHS hashrate and 950W of power consumption and a price of $4388 USD (or 0.125933 BTC) as per the official company website (currently all sold out). The alternative is using GPUs for mining ETH and you even might be able to get the same level of performance as the A10 Pro ETH Miner if you go for Nvidia GeForce RTX 3000 series – 8x RTX 3060 Ti or RTX 3070 or 5-6x RTX 3080 or 4-5x RTX 3090 video cards, but unfortunately pretty much all GPUs suitable for mining are currently hard to find and more expensive than usual.
F2Pool did an unboxing and a test of a sample Linzhi Phoenix ETH miner (the video above). The device is supposedly capable of 2600 MHS hashrate for Ethash with a power usage of 3000-3500W. The Linzhi Phoenix E2600M ETH mining devices are supposedly to be up for purchase around March-April this year with a price in the range of 13-15 thousand USD. The main problem with the Linzhi miner is that it has 4.4GB of memory and Ethereum’s DAG file is already over 4GB in size, meaning that the life expectancy of these miners for mining ETH won’t be very long. If they start shipping as announced and you are among the first to get the device you may still end up with just 4-5 months of use for mining Ethereum, though you would still be able to mine other crypto coins with the Ethash algorithm and smaller DAGs. So, maybe everything was great when they started development 2 years ago, but now 4.4 GB is not enough and if they do not manage to increase the available memory by the time of release to the market things might not be looking very good for their sales.
The Innosilicon A11 ETH miner is the other upcoming next-gen ETH ASIC miner. Supposedly the A11 Ethash miner will be delivering 2100 MH/s Ethash hashrate with just 2300W of power usage and should come with 8GB memory. The not so good thing here is that the price will be higher, probably in the range of about 15-16 thousand USD with shipping expected to start somewhere in April-June time. The Innosilicon is probably the better choice if the final end-product specifications turn out to be as the values we are expecting, as even though it may be slower in terms of hashrate, and more expensive as a price, but is also more power efficient and better equipped for long term use with enough onboard memory.
You should also consider the fact that Ethereum (ETH) will be switching from PoW (Proof of Work) to PoS (Proof of Staking) or with other words moving from mining to staking as a model of generating new coins. This transition has already been started, even though mining is still active and will be for maybe 2 years at least, but when looking for a long-term investment in mining hardware you should have things like that in mind. Not to mention that unlike the specialized ETH miners, going for GPUs allows for much better flexibility even though they may not be as efficient in terms of performance for a specific algorithm.
– Build of a 720 MHs Ethereum Mining Rig With 6x MSI GeForce RTX 3090 SUPRIM X 24G GPUs…
The ASIC manufacturer Innosilicon has announced the specifications for their upcoming GRIN ASIC miner and surprisingly it will not be just one device, but three different models instead… similar to the offerings of their competitor Obelisk. If you though that Obelisk GRN1 miners were pretty expensive, especially when up for a pre-order, well Innosilicon’s won’t be much cheaper. The G32 GRIN ASIC miners are a little bit lower priced, but also with lower performance and that is only the pre-order price, not the “regular” price. The estimated delivery time if you pre-order now starts in August 2019 according to Innosilicon and in our opinion this will actually be very hard to manage with three different products, unless of course Innosilicon is already ready with the chip designs. Offering a GPU type of ASIC miner could be a bit of a challenge, although it will be a self contained miner with software and everything onboard, so no need to use it in a PC apparently.
What makes Innosilicon G32 GRIN ASIC miners a bit more interesting compared to the competition is the claim that apart from Cuckatoo31+, they will have Cuckatoo32+ algorithm support (with expected hashrates announced) and that they will also be Cuckatoo29/30 backwards compatible. This makes them more flexible for the currently supported and upcoming algorithm changes, though there is no information about the expected hashrate for C29 and C30. Innosilicon also gives a guarantee for April pre-order customers for full refund if their final G32 spec after actual product testing fails to meet the above Performance Target by Sept 30th this year. There is also an extended 9 months warranty (up form the standard 6 months) and “an additional ROI boosting feature, which will be announced before product delivery”.
G32-Mini PCIe Card (Wifi capable) Preliminary Specification:
– Performance Target: 21.5GPS (+-5%) for CC31+, 4.5GPS (+-5%) for CC32+, about 10X a good GPU
– Power Consumption: 140W (+-10%) normal mode, low power mode available
– Estimated Size: Standard PCIe Graphic Card Size
– Estimated weight: 1.2KG
– Installation: Easy installation like a GPU card, in fact is easier. The card is totally self-contained with software / wifi / Ethernet port embedded. Only the standard computer PSU is needed to power the card. Each Card can work alone or be cascaded.
– Pre-order special: $799 USD (regular price: $1500)
G32-500 Preliminary Specification:
– Performance Target: 100GPS(+-5%) for CC31+, 20GPS(+-5%) for CC32+
– Power Consumption: 520W (+-10%) normal mode, quiet miner, low power mode available
– Estimated Size: 125mm(W) x 155mm(H) x 270mm(L), super small tube
– Estimated weight: 5KG
– Installation: Come with Ethernet and a 220V/110V compatible PSU. Free PSU for this pre-order.
– Pre-order special: $2888 USD (regular price: $4500)
G32-1800 Preliminary Specification:
– Performance Target: 328GPS(+-5%) for CC31+, 65.6GPS(+-5%) for CC32+
– Power Consumption: 1800W (+-10%) normal mode, quiet miner, low power mode available
– Estimated Size: 250mm(W)*155mm(H) *360mm(L)
– Estimated weight: 12KG
– Installation: Comes with Ethernet and a 220V/110V compatible PSU. Free 220V PSU.
– Pre-order special: $9388 USD (regular price: $15000)
– For more information about the upcoming Innosilicon G32 GRIN ASIC miners…
Litecoin (LTC) has been doing pretty well lately and no wonder that with the returning user interest in one of the oldest altcoins out there, ASIC manufacturers are also trying to attract new customers for their improved mining hardware. Here comes the new Innosilicon A6+ LTC Master ASIC miner wth PSU included promissing 2.2 GHS Scrypt hashrate at 2100W of power usage ready for shipping at a price of $3000 USD (or 0.613874 BTC or 45.034 LTC with the current prices). Innosilicon A6+ is an enhanced version of last year’s Innosilicon A6 LTC Master with improved performance and energy efficiency. The new Scrypt ASIC miner almost doubles the hashrate with just half of the power usage increase and it is interesting to note that Innosilicon still sells the old A6 miner at a price of $2000 USD without PSU for 1.23 GHS hashrate with 1500W power usage (significantly less than the initial price of $6300 USD it had when announced). Unfortunately running the numbers for the new miner through an LTC mining calculator, while profitable, the profit you can currently get over the power cost isn’t really attractive to really make you want to pull the trigger and get the miner.
Innosilicon A6+ LTC Master Specifications:
– Hashrate: 2.2 Gh/s (+/-5% performance)
– Power Consumption: 2100w ( +/-10%, normal mode, at the wall, with 93% efficiency PSU, 25°C temperature)
– Size: (L)360mm*(W)155mm*(H)247mm (dual tube)
– Net Weight: 9.31KG (without PSU)
– Internet connection: Ethernet
– Ambient Temperature: 0°C to 40°C
– For more details about the new Innosilicon A6+ LTC Master Scrypt ASIC miner…