What color is the miner (What chip does the miner use)?

What color is the miner? Bitcoin reached a historical high in 2013, with a mining difficulty of 14T. However, it has not seen a significant increase since then. According to BTC.com data, as of 12:00 am on December 30, 2018 (Beijing time, 13 hours), Bitmain’s Antminer S19Pro series has already reached the market threshold.

Among the popular currencies in the current market, apart from mainstream models such as Shenma and Avalon, most of them are in black and gold color combinations. These machines are generally in black or gray as the main color. Therefore, from the appearance of the miner, it is sturdy and has a certain metallic attribute. Of course, as it is an application in the cryptocurrency industry, it is also considered as a typical representative in the “mining” industry.

So what is a miner? Simply put, it is a graphics card miner. It requires purchasing chips or ASICs dedicated to virtual currency mining equipment and combining these technologies to make contributions to cryptocurrency mining through ASICs. To obtain such returns, one must engage in graphics card mining. However, due to the high price of this product, using this brand of miners tends to be expensive, and therefore not suitable for ordinary people.

With more and more institutional investors entering the blockchain field, many companies have started to focus on mining businesses. For example, Canaan recently announced a partnership with a company called L3+ and launched an enterprise-level software supplier named LctusMining LLC specifically for Bitcoin mining. The company hopes to utilize its technological advantages to develop a new type of TSMC Antminer S17s+ high-performance server. The company plans to produce its latest generation of high-end ASICs as early as the end of this year, in order to achieve large-scale delivery of Bitcoin mining machines.

What chip does the miner use?

According to coindesk, a miner is the mining hardware for Bitcoin. It is defined as a computing unit for processing digital currency and blockchain transactions, such as Ethereum and Ripple, using chips (such as ASICs) or computer programs. Usually, ASICs can be made of specialized integrated circuits, such as NVIDIA GPU (NVIDIACMP). These integrated circuits, produced by semiconductor companies, use “X” (microindexer), scanners, and other sensors to protect data transmission and generate block information. Therefore, in most cases, many people in the cryptocurrency industry consider this as a threat to cryptocurrency mining.