Crypto Mining in 2021 and New Opportunities

Crypto mining and smartphones

Crypto mining is a profitable business. It is not surprising that companies, as well as individuals, are willing to invest money in this business. Let’s have a look at some of the interesting products on the hardware market miners could expect to see on the shelves in 2021.

It is worth noting that, when it comes to Bitcoin mining, ASIC miners are the main choice for hardware. As a reminder, an ASIC, or application-specific integrated circuit, is a ready-made device that is easy to set up and program. However, when it comes to mining Ether and Ethereum-based tokens, the situation is more complicated. They require putting together a rig that consists of a motherboard, GPU cards, as well as several other components.

Interestingly, Riot Blockchain purchased 15,000 variations of the Antminer 19 series, to be delivered in 2021. People should take into account that, Antminer 19 series are popular, as they offer industry-leading market performance. Moreover, crypto miners purchased Antminer products until July 2021 and this fact once more underlines its popularity.

Crypto miners and plans for the future

Hopefully, Bitmain will continue to delight users with series 19 ASIC miners. Based on the information from the manufacturer, new solutions will help increase the efficiency of mining.

Moreover, Bitmain is not alone when it comes to manufacturing interesting crypto mining equipment. Interestingly, another Chinese manufacturer, Canaan Creative introduced a new model of the miner AvalonMiner 1246 in September. According to the company, it has 30% better efficiency than the previous model. Importantly, AvalonMiner 1246  could reach 90 terahashes per second, while the A11 process at an average of 60-68 Th/s.

Interestingly, this model is inferior in performance to Antminer 19, it does, however cost slightly cheaper. However, at around $3,000 it is still worth a second look for those wishing to mine Bitcoin. Crypto mining not only survived in 2020 but it gained popularity and it makes sense to invest in crypto mining equipment.

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