What are the issues that need to be considered when investing in miners?
1. What kind of miner to buy?
2. What kind of mining farm to choose?
3. What is the difficulty trend of mining?
4. Is there an alternative model behind this miner?
How to choose a miner?
At present, the most sought-after market is Bitmain. Founded in 2013, Bitmain is a world-leading technology company. Its products include computing power chips, servers, and computing power clouds, which are mainly used in blockchain and artificial intelligence. From a company’s understanding that the current mining machine orders have been placed a few months later, the degree of tightness can be imagined. With minimal production capacity and crazy buying demand on the market, it is not easy to lose money even if the currency price drops sharply.
Today, I will learn more about the mining details and mining revenue of the Antminer S19 series.
According to the latest Antminer S19 series data, the two miners are equipped with Bitmain’s new generation of customized chips. As a result, the energy efficiency ratio is as low as 23J/TH. Through the revolutionary circuit structure adjustment, the energy efficiency ratio is pushed to the extreme. At the same time, it adopts the ultra-high integration of the whole miner integrated design, the deeply customized heat dissipation scheme. As a result, it reduces the loss through the fine temperature control, so that the miner can operate more efficiently and stably.
The new product miner will be equipped with a new high conversion efficiency APW12 power supply to reduce the power loss during the conversion process, use more energy-saving, and significantly shorten the return period of the miner. The new firmware design makes the miner start faster, more stable in performance, and more intelligent in its control mechanism, providing a solid guarantee for continuous and stable mining revenue. The unified external interface and brand-new interface allow users to observe the real-time hash rate, average hash rate, and hash rate fluctuations of the miner at any time, bringing a more user-friendly mining experience.
Primary data of Antminer S19 series.
The Antminer S19 series will be released at the end of May 2020.
Antminer S19 Pro 110T
Single miner rated hash rate 110TH/s, whole miner power consumption (25°C): 3250W±5%, energy efficiency ratio: 29.5J/TH±5%
Antminer S19 95T
Rated hash rate: 95TH/s, overall power consumption (25°C): 3250W±5%, energy efficiency ratio: 34.5J/TH±5%.
The integrated design of the Antminer S19 series makes the structure more compact. The miner contains three hash boards, one control board, one APW12 power supply, and four cooling fans.
High conversion efficiency APW12 PSU: reduce the power loss during the conversion process and use more energy-saving.
Four cooling fans: front and rear double-tube fan design, the outer surface of the fans are arranged with a mesh cover, and the back of the fan is covered with a grille, which effectively prevents foreign particles from entering the high-speed fan hit the hash board. The heating design of the miner is reasonable, and the combination of fan and heat sink ensures good heat dissipation of the miner. Reduce losses through fine temperature control, allowing the miner to operate more efficiently and stably.
Hash board: The Antminer S19 series of miners use the most advanced 7nm manufacturing process and are equipped with a new generation of customized chips from Bitmain.
The internal hash rate board uses a whole heat sink for heat dissipation. The heat sink is a streamlined design, which effectively increases the heat diffusion area of the chip so that the heat generated by the chip can be evenly and quickly transferred to the heat sink and be carried by the wind go in time.
The Antminer S19 series can also achieve excellent high and low-temperature adaptability and has stronger earthquake resistance, which can cope well with the relocation of heavy and dry conditions and reduce the damage rate of the miner during the relocation process possible.
Actual measurement
In the running state, the Antminer S19Pro has a hash rate of 111.8TH/s and power consumption of 3320W.
In summer weather, the air outlet of the miner can withstand the wind temperature up to 61℃, and the relative humidity can withstand more than 30-90%.
Miner price: The specific selling price can be consulted on the official website of Zeus Mining.
Electricity cost: miner power consumption*24*unit price of electricity/1000.
The proportion of electricity cost: the daily electricity cost of each miner/the daily income of each miner.
Shutdown coin price: refers to the price when the miner’s mining revenue is not enough to pay for the consumed electricity, reflecting the miner’s ability to carry risks.
The economic life of miners: Many miners are concerned about how long the miner can be digging. Except for the maintenance and after-sales of the miner, when the electricity expenditure exceeds the mining output, the economic life of the miner expires.
Miner bubble index (static payback period): It is the number of days of static return of the miner (the price of the miner divided by the daily net income). If the return days of most mainstream miners drop significantly, it is a sign of peaking. The logic of this indicator is that if the speed of industrialized production of miners is far behind the rate of increase in the currency price, then the currency price is rising too fast and it is unsustainable.
Currency bubble index: The bubble index is calculated by dividing the “total market value (billions)” by “active addresses (million)^√2”. We believe that when the currency price bubble index is higher than 3, the purchase risk is more significant.
Recently, the bull market has soared, and many new friends to digital currency currencies are eager to try.
Although mining is weaker in liquidity than buying coins, miners are more determined in the face of turbulent market conditions, such as the 20% correction in the first two days. Moreover, mining is equivalent to a one-time investment to lock coins, which is more risk-resistant.
Another advantage of mining over buying coins is that it can bring actual cash flow and enjoy passive income. Therefore, it is safer to recommend small and medium investors to participate in mining at this stage.
