While the miners are examples of application specific integrated circuits (ASIC) their actual purpose is to solve double SHA-256 algorithms, which Bitcoin happens to use. This means that, technically, an Antminer S9 can mine any coin that uses the same algorithm.
What coins can you mine with Antminer S9?
Re: What cryptocurrency i can mine with asic antminer s9? You can mine any other SHA-256 coins. I’d recommend that you stick to Bitcoin though. Profitability varies wildly and it’s usually Bitcoin on top.
Can I mine ethereum with Antminer S9?
No. Ethereum uses different proof-of-work algorithm. Antminer is for bitcoin.
Can ASIC mine other coins?
Since it is designed to perform a single function only, it excels at performing that particular task. It cannot mine different coins on different algorithms. Also, unlike CPU and GPU, ASIC can solve complex algorithms at a very fast rate.
How much can a Antminer S9 mine?
Hashage, a local Chinese mining company, has been posting WeChat feeds looking for facilities with 20 megawatt of capacity to host their Antminer S9s. Based on the S9’s standard specification, a 20-megawatt capacity can power up about 14,000 units.
How long does it take to mine 1 Bitcoin?
Regardless of the number of miners, it still takes 10 minutes to mine one Bitcoin. At 600 seconds (10 minutes), all else being equal it will take 72,000 GW (or 72 Terawatts) of power to mine a Bitcoin using the average power usage provided by ASIC miners.
What is the most profitable ASIC miner?
According to The Block, the MicroBT Whatsminer M30S++ is the most profitable. The mining rig produces a hash rate of 112 terahashes per second (TH/s). With this hash rate it manages to generate an average daily profit of $12,31.
How much ethereum can I mine in a day?
ASIC mining rigs are also twice as efficient and more expensive than GPUs. So, all in all, you would need at least $100,000 to mine one Ethereum a day in 2020.
How long does it take for an Antminer S9 to mine 1 Bitcoin?
If buying 130 AntMiner S9 models is not an option, it takes 22 Bitmain AntMiner S9 models 360 days to mine 1 Bitcoin. 1 Bitmain AntMiner S9 model costs around $300 so the total investment would be around $6600.
Can I mine ethereum with my PC?
Mining Ethereum – Software
If you’re using a PC, the very first thing that you’ll need to do is to download and install a program called Geth. Geth acts like a medium between your computer (its hardware) and the Ethereum network. … If you’re using a GPU mining rig, CGminer is your best bet when it comes to software.
Are ASIC miners worth it?
Also, as shown above it’s not as though you can sell the old rig to recoup your costs. Old ASIC miners are just about worth their weight in high grade firewood. Finally, you have mining pool fees, cooling fees, mining software fees, the time cost of maintaining your rig, and the set up costs.
How much do ASIC miners cost?
Bitcoin Mining Hardware Comparison
|Antminer S9||14.0 TH/s||$3,000|
|Antminer R4||8.6 TH/s||$1,000|
How do you mine litecoin?
Method 2: How to mine Litecoin using a mining pool
- Create a Litecoin wallet. Compare Litecoin wallets and choose one that offers the right features and security protections for you.
- Choose your mining hardware. …
- Install any necessary software. …
- Choose a mining pool. …
- Start mining.
How much electricity does Antminer S9 use?
The cutting-edge manufacturing process is responsible for making S9 what it is. The miner is approximately 2.5 times more efficient than Antminer S7 as it uses 0.1 joules per Gigahash. So, the total power consumption of S9 is around 1350 watts, although this value has the variance of 7%.
How much does it cost to mine 1 Bitcoin?
The cost to mine 1 BTC is 8206.64$. Meaning its still profitable,” one miner said. Considering the cost to mine Bitcoin for both big mining centers and individual miners can range in between $5,000 and $8,500, miners have more incentive to sell to cover operational costs rather than to hold onto the BTC they mine.
Can I mine Bitcoin on my phone?
You can only do cryptocurrency mobile mining with smartphones that use Android, as it’s the only mining-friendly operating system for mobile devices. Moreover, the market is flooded with apps created for Android that allow you to mine Bitcoin directly from your smartphone. … So, iOS owners can’t do any mobile mining.