What is the Antminer L3 mining? (Ant L3 mining revenue 2020)

What does the Antminer L3 mine? What does the Antminer L3 mine?

After conducting in-depth research on the development trends and related information of Bitcoin, Ethereum, and other cryptocurrency markets, we discovered the hottest concept in the market called “hashpower” (Miner). It packages blocks into blocks (Blocks) and generates them according to corresponding rules through an algorithm called “hash rate”. This Hash function is the proof-of-work mechanism.

This is a new consensus protocol model that uses blockchain technology to achieve consensus, based on the PoW+POB dual consensus mechanism. In simple terms, it is the process of generating blocks based on computation results rather than being processed by a specific computer. This approach is also known as network consensus mechanism. When the entire network is completed, 200 million bytes of data and 10,000 transactions will be generated every 6 seconds, and then broadcasted to the network, which means that everyone can run their own verification nodes in the network to achieve consensus and ensure system stability. (Note from Daily Star: To ensure the normal operation of the network, a large amount of electricity needs to be consumed to maintain network security), so using an ASIC dedicated chip can reduce the block confirmation time from 8 minutes to more than 5 minutes.

Ant L3 mining revenue in 2020

Editor’s note: This article is from Colorful Cloud Blockchain (ID: cybtc_com), authorized reprint by Odaily Star Daily.

In 2020, the price of Bitcoin mining machine L3 started to rise, and the average cost of mining Bitcoin with a hashpower exceeding 1T was about $8,000. The revenue performance in 2020 is remarkable. According to the data from Antminer, from the beginning of 2019 to the end of February, the price of Bitcoin dropped from around $4,000 to around $3,000. As the cryptocurrency market entered a period of adjustment this year, the price of Bitcoin fluctuated between $30,000 and $50,000. At present, Bitmain and Canaan Creative have launched new models based on the L3+ algorithm to achieve more efficient and cost-effective mining.

In addition, according to the official introduction of Antminer, in addition to the latest generation of Bitcoin products, there are other new Ant series miners such as Ant S19Pro (Avalon) and WhatM30s++ (Marathon Z11+). These new machines use a brand new chip design, with higher energy efficiency, better stability, reliability, and resistance to ASIC, making mining more simple, cost-effective, and saving on electricity bills. Therefore, “mining equals profit” is the foundation of the current mainstream mining strategy.

By comparing the power consumption indicators of Ant L3/r, we can find that the electricity costs for L4 and L5 are 0.026 yuan, 3.88 yuan, 1 ether/day (or 40 yuan per degree of electricity). For different grades of L3, the difference between the optimal price and the highest price is relatively small.

However, due to the different code names for L3, combined with the different parameters after previous updates, the known issues in the market mainly focus on L1+ and L2. The revenue situation of these two products:

1. In this quarter, the average power consumption rate of Ant L2+r is less than 10J/TH, which means that this category of devices may need to wait for another month to reach a higher level of power utilization. If upgraded with the next version of hardware, a very good result is expected. However, this problem still exists because it only supports mining Bitcoin with a single computer, which will not affect the overall trend of increasing hashpower, and cannot guarantee the security of all nodes. (Note: The full name of Ant L3 is “L” (L1/R)).

2. Has there been any change in the mining mode of Ant S9? At present, according to the current calculation method of Ant L7/p, S9 is still an ordinary Ant S17+ model. That is to say, the maximum load of S16 is only about 200W/T, but if the Ant L4/r process is raised to more than 1000 Gwei, the entire hashpower should increase by 50%.