At the beginning of this unusual and sometimes difficult year, the cryptocurrency world reminisced about the crypto mining boom and now it was over. But soon, the apprehensions faded away as large companies registered on Nasdaq expressed a clear interest in bitcoin (BTC) mining for additional earnings.
It has been said more than once that this year’s sharp increase in mining is directly related to a significant increase in cryptocurrency prices. During the summer, bitcoins could be purchased for upwards of $ 10,000; Now, its price is more than double. Altcoins are also second to none. Ether (ETH) reached the $ 650 mark this month and recently Litecoin (LTC) was above $ 117, although six months earlier, the latter could be purchased for just $ 41.
As price analysts expect the bullish market trend to continue in 2021, most hardware offerings are likely to be in high demand. So, here are some of the most interesting products on the hardware market that miners should expect to see on the shelves in 2021.
On solid ground
When it comes to bitcoin mining, ASIC miners are the main choice for hardware. An ASIC, or application-specific integrated circuit, is a ready-made device that is easy to install and program. When mining Ether and Ethereum-based tokens, things start to get more interesting, as they require putting together a rig that contains a motherboard, GPU card, and many other components.
So, what was used this year and what did the world’s miners spend the most money on? Recently, Riot Blockchain purchased 15,000 variants of the Antimer 19 series to be delivered in 2021. Nathaniel Justin Yu, manager of Bitmain’s international marketing team, confirmed to Cointegraf that the Antimer 19 Series models released in May 2020 were in high demand. Bitcoin miners:
“We are seeing an increasing demand for mining hardware, particularly for our Entminer 19 Series models (Entminer S19 Pro, S19, and T19). The 19 Series delivered an industry-leading market performance this year, Because it is equipped with a new generation custom-made chip that achieves power efficiency as low as 23 J / tch. Our Entminer products have been purchased as of July 2021. “
For those who decided to put together mining rigs by themselves, this year the list of the most demanding equipment for mining naturally starts with a GPU card. Two long-time rivals introduced their new lines this year: Nvidia in September with its top-end GeForce RTX 3000 Series GPU card, followed by AMD’s Radeon RX 6800.
The mines are still divided as to which of these cards is better, but the main question is whether these cards will be available to everyone, as demand is much higher than supply. While the Nvidia GeForce RTX 2080 Ti and AMD Radeon RX580 are still top-end cards, interest around the new offerings will likely spread in 2021.
Next year, the Bitmain series will continue to delight users with 19 ASIC miners. According to the manufacturer, new solutions will be implemented that help increase the efficiency of mining.
Another Chinese manufacturer, Canaan Creative, introduced a new model of the Minor AvalonMiner 1246 in September, which boasts 30% better efficiency than the previous model. According to the manufacturer, the AvalonMiner 1246 can reach 90 terahees per second, while the A11 series averages 60–68 Th / s.
The miner will be available starting in January. Although this model is inferior in performance to Entminer 19, its cost is slightly cheaper. At around $ 3,000, it is still worth a second look for those wanting bitcoin.
New gpu card
While Nvidia was having difficulty releasing its flagship GeForce RTX 3060 Ti, AMD is already working on the next one, which has just 6000 series. The company announced in late 2021 the release of the next series with a new RDNA 3 architecture. According to the manufacturer, the GPU should overtake the previous 50% in performance and require less power and cooling to run.
But Nvidia is yet to be written. Despite some delays in launching its GeForce RTX 3000 card, the company may be preparing to introduce new products during the event on January 12, 2021. Presumably the makers will unveil the Ti and Super modifications, which should please the miners. In either case, the line will expand with cards from different price categories, and this will allow users to have more options when putting mining rigs together.
If GPU is the preferred method for mining, then a good motherboard should be a complete one. The main feature in this case is the number of slots in which GPU cards can be installed.
Given what is already available in the mined motherboard market, with the choice of the MSI H310-F PRO, which has 13 GPU card slots, or the Asus B250 mining specialist with 19 slots, the miners will receive one from the manufacturers in 2021 One should not expect to receive a special gift. .
However, new goods are on the way. One of the largest hardware producers, Biostar has recently built a new TB360-BTC D + motherboard designed for cryptocurrency mining. The motherboard has eight PCIe x16 slots, which is sufficient for a standard rig. However, the price and the start date of the sale are not yet clear.
Hardware that should not be ignored
For efficient mining, the choice of each component is important. In addition to the right GPU card and motherboard, uninterrupted internet and power is a must. Additionally, equipment for mining cryptocurrencies is very noisy and can become hot, so miners need to follow safety precautions. When mined at home, running the rig in an air-conditioned room is the best option when it is hot and a balcony when it is not.
related article: Top Crypto-Mining Graphics Cards To Make A Big Bang For Your Reindeer
On top of that, it is worth choosing a powerful power supply with sufficient power and, most importantly, protection from power surge and other electrical problems. One such option that will be shipped in early 2021 is the EVGA SuperNOVA 1000, which costs around $ 200.
Choosing a frame is not a final task, as it affects the noise level generated by the rig. Guntis Vitolins of the Mineshop Company, which offers both ready-made rigs and equipment separately, told Cointegraf that Minors’ taste in the frame has changed this year:
“The GPU mining industry has changed since 2017, with most miners prefering server-type riser less GPU cases over open-air frames with risers. Since cooling is better in closed case and installation is also very fast. The only downside to these cases is that they can make little noise at 50-60 db. “
For those who do not want to explore the complex subject of designing mining rigs, choosing GPU cards and so on, there are companies that offer turnkey solutions. This year, experts are discussing an increase in sales of these crafted rigs, dubbed “Mining 2.0”.
Vitolins further noted that “sales have increased dramatically since March 2020,” a GPU miner manufactured with AMD graphic cards (the best card for mining ether) has been a particular hit.
Is 2021 good for mining?
Given the rising cryptocurrency prices and the excitement surrounding mining equipment, it is expected that 2021 will not be worse for the industry than in the previous year. However, it is impossible to predict whether crypto mining will remain in fashion due to economic uncertainty amid the devastating COVID-19 epidemic.
But, it is safe to say that mining in 2020 has been more experienced and battle-tested, reducing the bitcoin mining reward and after such a smooth rain season in China. Today, miners are no longer children who see the world around them for the first time, but are ready for market shocks and are able to adapt to any situation. Furthermore, by the time large, public companies are beginning to enter crypto mining, 2021 should further strengthen the adoption and acceptance trend.