From the very beginning of its birth, Bitcoin has faced many criticisms. However, with the ambitious future vision of digital currency, many believers are rushing to it, and the amazing investment value has exploded. From less than 1 cent at the beginning of 2008 to 20,000 US dollars at the highest in 2017, the increase is very staggering. Virtual currencies such as Bitcoin have no physical objects and are composed of a series of complex codes generated by a computer, which need to be obtained through computer operations according to an algorithm, commonly known as “mining.”
The mining machine, as the name suggests, is a machine used to mine (produce) cryptocurrency. Broadly speaking, a mining machine can be any machine that can run mining programs, such as professional mining machines, home computers, smart phones, servers, smart routers, smart watches, smart TVs, and so on. In a narrow sense, mining machines refer to professional mining equipment, such as ASIC mining machines, graphics card mining machines, and exclusive mining machines (PFS mining machines) for some currencies. The “mining machine” used for mining generally has a large power and needs to consume a lot of electricity.
Studies have estimated that Ethereum, which accounts for the second largest market value of cryptocurrencies, consumes roughly the same amount of electricity in a year as Iceland. Usually, a single transaction consumes more electricity than an average American household consumes in a day. “This is a huge waste of energy. Even if people don’t think pollution and carbon dioxide are a problem, it will crowd out the real consumers-ordinary people in the real world for electricity,” said Ethereum founder Vitalik Buterin.
A particularly important indicator for mining machines is the ratio of electricity bills to mining revenue. Once the electricity bills reach 100%, the mining machines will be unprofitable and shut down directly. The lower the proportion of the electricity bill of the mining machine, the lower its shut-down currency price, and the more it can withstand the currency price plummet. In addition, when the currency price plummeted, some mining opportunities with a higher proportion of electricity costs were the first to shut down, resulting in a decline in the computing power of the entire network. And mining machines with low electricity costs can dig more coins, which to a certain extent cushions the danger of coin prices plummeting. If the electricity cost of the mining machine is the lowest in the world, then the miner can always be invincible, the mining machine will never stop and always make money. Therefore, the lower the electricity bill, the more secure the mining machine and the longer it will live. If people are seeking stability, people should buy a mining machine with a lower electricity bill.
Moreover, mining machines with a low proportion of electricity costs generally have longer static payback days. Take the three mining machines A, B, and C on the market as an example, their electricity bills accounted for higher proportions. However, their payback cycles are 11317.8÷31.71≈357 days, 12644.22÷34.49≈367 days, 8599.78÷24.67≈349 days. It can be seen that the price of C is cheaper and the payback is faster. Although there are no other mining machines that are durable, they make the most in a short period of time, and the rise in currency prices also benefits the most. What kind of mining machine to buy requires users to combine their own investment strategies and market conditions, and comprehensively consider risks and returns.
Since the beginning of this year, many mining machine manufacturers have also launched some new mining machines with better performance and a lower proportion of electricity costs. JASMINER released the JASMINER X4 High-throughput 1U server, the power consumption is as low as 240W±10%, and the computing power of the whole machine has reached 520MH/s±10%. It is suitable for scenarios such as IDC computer rooms and homes, with low power consumption and small size. The key is that its electricity bill accounts for only 3%. Due to the adoption of better chip design and more advanced chip manufacturing technology, the internal kinetic energy loss during rotation is greatly reduced, the life is long, and it is more energy-saving and power-saving. JASMINER X4 High-throughput 1U server can be said to be an Ethereum mining machine with relatively strong energy efficiency in the world.
In the current social phenomenon that Ethereum mining generally consumes astonishing power, the JASMINER X4 High-throughput 1U server’s low power consumption and strong energy saving characteristics allow its users to enjoy the fun of fearless power consumption and continuous income. In the future, JASMINER also look forward to more products like JASMINER X4 High-throughput 1U server, which will continue to inject more innovative elements into the Ethereum mining market.