Recently, one of the 34 coins supported by Blackminer which named BSHA3 suddenly burst in. The prices rose 119 times within one month, and it became the first 100X coin of all Blackminer Algorithms. This phenomenon not only triggered the pursuit and enthusiasm of many users for FPGA miner, but also triggered the thinking of whole industry about the positioning of FPGA miners.
After the forking of DigiByte coin, Ethereum Classic announced that they would fork for FPGA in 2020. More and more cryptocurrency projects begin to accept and embrace FPGA miner, which is clear that FPGA mining will be an integral part of the mining industry in the future
As far as we know, FPGA miner has the essential difference in the investment gene with ASIC miner and GPU miner in the aspects of writing algorithm repeatedly, upgrading continuously, low power consumption and high residual value. In fact, as long as the mining strategy of FPGA miner is configured very well, its profitability is incomparable with other mining machines. Take BSHA3 for example, before it attracted public attention in early July, the total hashrate of the whole net was less than 1/15 of the current level. Even a BlackmierF1 could produce more than 200 BSHA3 per day. Some users sold the coin at the highest price, so they got the daily earning up to $100. Beside the outstanding profitability, another important factor of Blackminer attracted users’ attention is the opportunity cost of cryptocurrency mining. This is also an important feature that has been ignored by investors but favored by adventurers.
The Blackminer users who have got a good profit from the price rising of BSHA3 have switch to BSHA3 algorithm at the bottom hashrate of whole net before the arrival of the rising market. In other words, the more algorithm options you have, the more opportunities you can catch the 100X coin.
Compared with ASIC miner and GPU miner, Blackminer is not only low-carbon and environment-friendly in energy consumption, but also superior in resisting forking and strong hashrate performance, which can be said to be a typical representative of green circular economy in mining industry.
In the field of FPGA miners, Blackminer is not the only one brand. But there’re two reasons for users to choose Blackminer. Higher cost-efficiency, that is also the first feature which attract investors. By the continuous upgrading of Blackminer algorithms, BlackminerF1 series could gain one third more hashrate than the other FPGA miners when using the same chips and hardware configuration, that makes the ROI of Blackminer much shorter than other FPGA miners. Blackminer has supported 34 Altcions, and most of them get better performance than other FPGA miners with the same algorithm.
The second reason is the lower opportunity cost. Users who are familiar with Blackminer must know that, the Blackminer team has excellent development ability and marketing ability. They can identify promising projects keenly and develop or upgrade the algorithm in a short time. They provide users with more options and create more possibilities, thus reducing the opportunity cost of users. Based on the timeline of Blackminer algorithms, it’s not difficult to see this diligent team could release two algorithms every month on average, and the highest record is releasing one new algorithm every nine working days on average. All algorithms are free to users, which is the incomparable advantage of other FPGA miners.
Blackminer team is also working hard to form positive interactions with different project communities for common development. They have been widely welcomed by communities like DigiByte, Amoveo, BSHA3, Veriblock, Denarious, Verus and 0Xbtc. Blackminer played an active role in project POW, mainchain security and project implementation. Among them, the cooperation of Digi-ID application and DGB payment scenario are regarded as typical cases in the industry. Blackminer team expects to generate more 100X coins and more active communities through joint efforts.