Been lurking for a while but need some help. Just thinking about how the price relates to hashrate and chain security. Anyone can break down the important ASIC releases for me? Like, should I focus on the S3, S9, S17, and S19 as game changers?
Need insights on mining hardware history
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Yeah, Bitcoin Mining Museum might help you with that. It covers the history of mining and major hardware. Just remember there’s almost four years between the S19 and S21 releases.
For sure, old gear can be a steal if you find low prices and cheap power. Miners gotta crunch the numbers before diving in. Can't just wing it.
Thanks for that link! I wasn't aware BITMAIN had those USB miners like U1 and U2. Anyone actually use them?
Nah, I wouldn't bother with those USB sticks now. Current options like the Compact F are way better. If you're thinking of buying a U1 or U2, just skip to Compact F.
The security topic is intense, right? If this is for school, you can keep it simple, no need to overthink it. Public mining companies might have some financials you can look at.
Most miners just sell hardware, they’re not really mining with it. BITMAIN runs Antpool, so anyone can join in. Check out the big players like Core Scientific and Marathon.
Wait a sec, are these mining companies just way overpriced? Looks like they're losing more cash than they should. What’s going on with their numbers?