At the start of this unusual and sometimes difficult year, the cryptocurrency world was reminiscent of the boom in cryptocurrency mining, and yes, it’s over now. However, fears soon disappeared when large companies listed on the Nasdaq showed a clear interest in mining Bitcoin (BTC) for additional profit.
It has been said more than once that the sharp rise in mining this year is directly related to the significant rise in cryptocurrency prices. During the summer, Bitcoin could be bought for a little over $ 10,000. Now the price is more than double that. Altcoins are not left behind either. Ether (ETH) hit the $ 650 mark this month and Litecoin (LTC) recently topped $ 117, although the latter could be bought for just $ 41 six months ago.
Given that price analysts expect the market’s upward trend to continue through 2021, the latest hardware offerings are likely to be in high demand.. These are some of the most exciting products in the hardware market that miners should expect to hit store shelves in 2021.
On the mainland
When it comes to Bitcoin mining, ASIC miners are the first choice for hardware. An ASIC, or Application Specific Integrated Circuit, is a ready-to-use device that is easy to configure and program. When Ether- and Ethereum-based tokens are mined, things get more interesting as a platform has to be put together from a motherboard, GPU cards and various other components.
So what was used this year and what did the world’s miners spend the most money on? More recently Riot Blockchain bought 15,000 variations of the Antminer 19 series that are slated to ship in 2021. Nathaniel Justin Yu, manager of Bitmain’s international marketing team, confirmed to Cointelegraph that the Antminer 19 series models released in May 2020 were in high demand among Bitcoin miners:
“We have seen growing demand for mining hardware, particularly our Antminer 19 series models (Antminer S19 Pro, S19, and T19). The 19-series delivered an industry-leading market performance this year as it features a custom-made next-generation chip and achieves energy efficiency as low as 23 J / TH. Our Antminer products were purchased until July 2021. “
Of course, for those who have decided to build mining facilities themselves, the list of the most sought after mining facilities this year starts with GPU cards. Two long-term competitors presented their latest product lines this year: Nvidia with its high-end GPU cards from the GeForce RTX 3000 series in September, followed by AMD’s Radeon RX 6800.
Miners still disagree on which of these cards is better, but the main question is when they will be available to everyone as demand significantly exceeds supply.. While the Nvidia GeForce RTX 2080 Ti and the AMD Radeon RX580 are still high-end cards, interest in the new offers is likely to extend until 2021.
Next year, Bitmain will continue to delight users with 19 series ASIC miners. According to the manufacturer, new solutions are being implemented that will help increase mine efficiency.
Another Chinese manufacturer, Canaan Creative, introduced a new model of the Bergmann AvalonMiner 1246 in September that is said to be 30% more efficient than the previous model. According to the manufacturer AvalonMiner 1246 could reach 90 terahashes per second, while the A11 series processes at an average of 60-68 Th / s.
The miner will be available from January. Although this model has a lower performance than Antminer 19, its cost is a little cheaper. At around $ 3,000, it’s still worth a second look for those looking to mine Bitcoin.
New GPU cards
While Nvidia struggled with the introduction of its flagship GeForce RTX 3060 Ti, AMD is already working on the next one, which has just unveiled its 6000 series.. The company announced the launch of the next series with a new RDNA 3 architecture in late 2021. According to the manufacturer, the GPU should outperform the previous one by 50% and require less power and cooling to operate.
But Nvidia shouldn’t be ruled out just yet. Despite some delays in the rollout of its GeForce RTX 3000 cards, the company may prepare to launch new products during the event scheduled for January 12, 2021.. Presumably, the manufacturer will release modifications of Ti and Super that miners should please. In either case, cards of various price ranges will be added to the line, giving users more options when building mining equipment.
If GPUs are the preferred method for mining, a good motherboard is an absolute must. The main feature in this case is the number of slots in which the GPU cards can be installed.
Given the products already available on the mining motherboard market like the MSI H310-F PRO with 13 GPU card slots or the Asus B250 Mining Expert with 19 slots, miners shouldn’t expect any special gifts from these. Manufacturers in 2021.
However, new products are on the way. Biostar, one of the largest hardware manufacturers, recently introduced a new TB360-BTC D + motherboard for cryptocurrency mining. The motherboard has eight PCIe x16 slots, which is sufficient for a standard platform. However, the price and start date of the sale are not yet clear.
Hardware cannot be overlooked
The selection of each component is crucial for efficient dismantling. In addition to the right GPU card and motherboard, an uninterrupted internet connection and power supply are a must. Also, cryptocurrency mining devices are very noisy and can get hot. Hence, miners need to follow safety precautions. If you do mining at home, your best option is having equipment running in an air-conditioned room when it’s hot and a balcony when it’s not.
In addition, it is worth choosing a powerful power supply with sufficient power and, above all, protection against voltage peaks and other electrical problems. One such option, which will ship in early 2021, is the EVGA SuperNOVA 1000, which costs nearly $ 200.
Choosing a frame is not the final task as it will affect the level of noise generated by the device. Guntis Vitolins of Mineshop, which sells separate pre-made rigs and rigs, told Cointelegraph that miners’ tastes have changed this year:
“The GPU mining industry has changed since 2017. Most miners prefer the server type with riserless GPU cases instead of riser open-air frames. Because the cooling is better in the closed case and the installation is also much faster. The only downside to these cases is that they can be a bit noisy at 50-60 dB. “
For those who do not want to understand the complex problem of designing mining rigs, choosing GPU cards, etc., there are companies that offer turnkey solutions. This year experts discussed the growth in sales of these ready-to-use platforms called “Mining 2.0”.
Vitolins went on to say that “sales have increased dramatically since March 2020,” adding that GPU miners built with AMD graphics cards (the best cards for mining ethers) have been a particular hit.
Is 2021 Good For Mining?
The soaring prices for cryptocurrencies and the excitement surrounding mining machines give hope that 2021 will start no worse for the industry than last year. However, it is impossible to predict whether crypto mining will remain in vogue due to the economic uncertainty in the face of the devastating COVID-19 pandemic.
However, it’s safe to say that in 2020 miners have become more experienced and battle-hardened after the Bitcoin mining bonuses halved and the not-so-mild rainy season in China. Today miners are no longer babies seeing the world around them for the first time, but are ready for market shocks and able to adapt to all conditions. As large listed companies start crypto mining, the trend towards acceptance and acceptance should continue to consolidate in 2021.