3 Best Bitcoin Mining Hardware ASICs For 2019-2020 ...

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ETN embracement of ASICs are good for longer term.

A lot of people believe that computing is broken up into 3 categories: CPU, GPU, and ASIC. While those are the categories that are generally visible to the public, in the chip world there’s really only one type of chip: an ASIC. Internally, Nvidia, Intel, and other companies refer to their products as ASICs. The categories as known to the public are really a statement about how flexible the ASIC is.
I would like to use a 1 to 10 scale to measure flexibility. At one side, a ‘1’, we’ll put an Intel CPU. And at the other side, a ‘10’, we’ll put a bitcoin ASIC. Designers have the ability to create chips that fall anywhere on this scale. As you move from a ‘1’ to a ‘10’, you lose substantial flexibility, but gain substantial performance. You also decrease the amount of design and development effort required as you sacrifice flexibility. On this scale, a GPU is a ‘2’.
Generally speaking, we don’t see products developed that fall anywhere between a GPU and a fully inflexibile ASIC because typically by the time you’ve given up enough flexibility to move away from a GPU, you’ve only got a very specific application in mind and you are willing to sacrifice every last bit of flexibility to maximize performance. It’s also a lot less costly to design fully inflexible ASICs, which is another reason you don’t see too many things in the middle.
Two examples of products between a GPU and an ASIC would be the Baikal miners and the Google TPU. These are chips which can cover a flexible range of applications at performances which are substantially better than a GPU. The Baikal case specifically is interesting, because it’s good enough to obsolete GPUs for a large number of coins, all using the same basic chip. These chips appear to be flexible enough to follow hardforks as well.
The strategy of hardforking ASICs off of a network is going to lose potency the more it happens, because chip designers do have the ability to make chips that are flexible, anywhere from slightly flexible to highly flexible, with each piece of flexibility costing only a bit of performance. The Monero devs have committed to keeping the same general structure for the PoW algorithm, and because of that commitment we believe that you could make a Monero miner capable of surviving hard forks with less than a 5x hit to performance.
Equihash is an algorithm that has three parameters. Zcash mining happens with one particular choice for these parameters, and any naive hardfork from Zcash to drop ASICs would likely involve changing one or more of these parameters. We were able to come up with a basic architecture for equiahsh ASICs that would be able to successfully follow a hardfork that chose any set of parameters. Meaning, a basic hardfork tweaking the algorithm parameters would not be enough to disrupt our chip, a more fundamental change would be needed. Despite this flexibility, we believe our ASIC would be able to see massive speedups and efficiency gains over GPUs. We never found funding for the equihash ASICs, and as a result our designs ended up on the shelf.
The ultimate conclusion here once again wraps back to the capabilities of ASICs. I think there are a lot of people out there who do not realize that flexible ASICs are possible, and expected that routinely doing small hardforks to disrupt any ASICs on the network would be sufficient. It may be sufficient sometimes, but just as algorithms can attempt to be ASIC resistant, ASICs can attempt to be hardfork resistant, especially when the changes are more minor.
We’ve heard rumors of plenty of other secret ASICs. People who own secret ASICs tend not to talk about them very much, but as of March 2018, we had heard of secret ASIC rumors specifically for both Equihash and Ethash, and then for many other smaller coins that don’t have any ASICs on them yet. We believe a full 3 different groups were actively mining on Zcash with different ASICs prior to the Bitmain Z9 announcement.
We know of mining farms that are willing to pay millions of dollars for exclusive access to designs for specific cryptocurrencies. Even low ranking cryptocurrencies have the potential to make millions in profits for someone with exclusive access to secret ASICs. As a result, an informal underground industry has been set up around secret mining. The heavy amount of secrecy involved means it’s disconnected and mostly operates off of rumor and previous relationships. But it’s nonetheless a very lucrative industry, and even when things happen like the Vertcoin hardfork, the setback to secret miners is dwarfed by the returns of the successes.
At this point, I think it’s safe to assume that every Proof-of-Work coin with a block reward of more than $20 million in the past year has at least one group of secret ASICs currently mining on it, or will have secret ASICs mining on it within a few months. The easiest way to detect this is GPU returns, however as ASICs continue to infiltrate every coin on the market, that will cease to be a reliable metric as there will be no GPU-only coin to use as a baseline, at least not one that is large enough to sustain all of the massive GPU farms that are out there.
The ASIC game has become such an advanced game because there is so much money on the table. Even small coins can be worth tens of millions of dollars, which is more than enough to justify a high-risk production run.
submitted by rin4t to Electroneum [link] [comments]

Thoughts and Ideas Regarding Mining

Link to @Daniel_Plante Thread

I'm going to retweet a twitter convo I had on 2019-03-17, reformatted to make it clearer. It's about mining, and #Bitcoin's survivability.
The thread included @petertoddbtc, @VinnyLingham, @BitcoinORama, @misterdna and @desantis IIRC. FYI: () means comment by me after the fact, and [] means a later edit to make things a little more clear. Here it is, comments welcome:
Thanks Mr Mendez (@misterdna), yes I already read it. Too much talking, not enough listening. This question might interest you Alex (@BitcoinORama):
if a hash+memory based cryptocoin proof took [off], would you expect Corsair (Micron?) would include one tiny hash core per DRAM die?
The DRAM industry is at the top of its product adoption S-curve. Razor thin margins, supply contracts years into the future, and R&D cycles give 2% improvement/year. It's not possible to dominate that industry [the way Bitcoin ASIC designers did] with less than $50B and 10 years. DRAM is what's known as a "commodity [mature] product" - not "commodity" as in corn or oil. [But] like toasters or flashlights. The economic inertia is immense. Basically, the only ASIC attack you could do on the DRAM industry is to make your ASIC into a better DRAM. Which of course is a silly notion.
If you want a 2nd opinion, @BitcoinORama might help. Alex, GPUs simply accelerate an algorithm. You already gamed that. Can't game memory. An algo might be gamed. You can't game a solid proof of control of a physical resource. "Memory intensive algos" are a hope and a prayer. Do you want a hybrid Pow+DRAM example?
(@desantis): yes.
Ok... you have a PC. You mine as usual, pick your tx's & assemble your block. Set your nonce, but also set a DRAM size commitment (2, 4, 8 Gb etc). Hash that block, put that hash in memory. Then hash that result and put that in the next mem location, etc. If you use up the DRAM commitment, advance the nonce & start over. If you find the solution, keep hashing/storing to the end of your DRAM commitment, & publish. A lot more detail, but that's basically it. Prove you have a physical [common] resource.
(@desantis) what if I have multiple TB of RAM?
Sure, buy multiple TB of RAM, that's fine. But it can only be served by one hash source. (Most don't grok that critical point.)
(@desantis) the ability to acquire large quantities of RAM becomes the new ASIC, no?
The new ASIC... to a certain extent, but it's bound to a single hash node, and the current global installed base of DRAM, in conjunction with manufacturer contracts precludes that in any practical sense.
(@desantis) where can I read more?
No place in particular. Mentioned it a few times over the years. In detail only now.
(@pa49): I guess the point is that there's no monopoly on DRAM.
(@desantis) there will be once the manufacturers realize their hw prints money, no?
Not really about monopoly, but just a mature industry that a BTC ASIC startup would not have a hope in hell of prying open.
(@BitcoinORama) you can allocate memory to the same package as the chip if justified re: scrypt asics Right Alex, and here's an interesting question: if PoW+DRAM takes [off], will Micron add a tiny hashing core to its DRAM dies?
(@desantis) I think they would.
I think you're right. Under those circumstances, that's what I would advise them to do.
(@BitcoinORama) ahh now i think I get where you are going with this.
Thanks for your help Alex. Our talk the other night gelled my thoughts. yeah I started reading that http://Bitcointalk.org thread today. [It Prodded] me. But 2 more things:
miner has to complete the DRAM commitment but then use the very last hash as input to an algorithm that points back to multiple random results in the DRAM range & publish it.
Keeps him honest.
2nd, if he commits to 26G but finds the answer in the 1st 10M, he might want to quickly start over with a 1G commit if he lies about how much memory per hasher. So, counterintuitively, you make the difficulty setting for 2G twice as high as 4G. (And that was the convo from March 19th 2017. But, something I forgot to add:
DRAM hybrid mining difficulty.
For a PoW+DRAM hybrid, you don't actually have to synchronise them. They work independently. You just design your consensus algorithm to accept the "first past the post" from either of them. Bitcoin's timing is currently designed around 10 minute blocks, & just hashing.
This hybrid design will require a 3-variable DRAM difficulty approach to seamlessly integrate into the hashing paradigm economics. It is wise to accomodate the ASIC designer and miner, so give them 2 years to turn their profits and get out. So you want to make the DRAM part of it very difficcult at first.
Here's the 3 layers:
Layer 1 is the introductory layer: a reverse S-curve, because you want the DRAM success to start slow, then accelerate, then go asymptotic to its final value which will then eclipse pure PoW. It should be 100 times harder to get a block reward using DRAM at first.
Layer 2 is the core value: long term DRAM difficulty calculation - it is recalculated the same as the current Bitcoin one, every 2 weeks or so.
Layer 3 is dependent on your memory size commitment before you start to hash and store results. Reconciling these 3 variables gives you your difficulty level before you start a hash/store run.
Again, all you have to do to restore mining to the masses is tie it to a real world physical resource everybody has, and/or can easily get. I've said many times that the "proof" needs more than "decentralized" - it absolutely requires "massively diffuse" or it won't work:
ie,"a miner in every home".
And that's the software side of things. The hardware side (internet physical infrastructure that you don't control) is yet another sticky point. I have a couple of ideas about that, but I sense that very few will embrace the unavoidable tradeoffs. Thanks for your time.)
Update: I found a critical flaw
A miner with ASICs could just hash at full speed "off line" without storing results, find the solution, then pass the data + nonce to a PC with DRAM to reproduce that winning pass but store the results.
Solution: Instead of using the very last hash to compute a memory location to publish, you instead do it periodically during the hashing run, eg every 1024 hashes or 65536 or whatever. Use the value at that location to XOR with your last hash. Repeat through your run.
submitted by thimblewimble to Mimblewimble [link] [comments]

"Beijing-based ASIC chips designer and manufacturer Bitmain unveiled the new Antminer Z9 Mini, an ASIC miner particularly developed to mine cryptocurrencies running the Equihash proof-of-work (PoW) algorithm. https://t.co/n7tUPbaJUa" $btc $ltc $neo $eth #btc #bitcoin #cry…

submitted by fcukjerry to BitcoinDayTrade [link] [comments]

For ASIC designers:Has bitcoin processing innovation with ASICs driven any processor innovation with other possible uses? Not the specific design probably but any other innovations?

Wall street robo trading has driven microsecond fiber speed improvements as well as whole new fiber cables being laid . I suspect Bitcoin mining hash/watt processing profit advantage will be driving some innovations too if it hasnt already.
Did usb ASICs exist before for example?
submitted by georedd to Bitcoin [link] [comments]

"CoinGeek also wants to announce that we have designed a super energy efficient, next generation ASIC chip design that will be released later this year. This Chip will be optimized for Enterprise level mining on Bitcoin using the original Satoshi Protocol."

submitted by higher-plane to btc [link] [comments]

Bitcoin asic mining shirt I designed on Amazon.

https://www.amazon.com/dp/B07CRPQYJT
https://preview.redd.it/5xoas37bpnv01.jpg?width=423&format=pjpg&auto=webp&s=b226cbacc09f13c41e695a52241b26d8b354eb9b
submitted by Crypto-Dabs to BitcoinMining [link] [comments]

"CoinGeek also wants to announce that we have designed a super energy efficient, next generation ASIC chip design that will be released later this year. This Chip will be optimized for Enterprise level mining on Bitcoin using the original Satoshi Protocol."

submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

[WTS] Bitcoin Asic Miner shirt and hoodie that I designed on Amazon.

Shirt: https://www.amazon.com/dp/B07CRPQYJT
Hoodie: https://www.amazon.com/dp/B07CY3R9RF
Mug: https://www.etsy.com/listing/611176167
submitted by Crypto-Dabs to BitMarket [link] [comments]

Asic mining shirt that I designed on Amazon. /r/Bitcoin

Asic mining shirt that I designed on Amazon. /Bitcoin submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

Bitcoin asic mining shirt I designed on Amazon. /r/BitcoinMining

Bitcoin asic mining shirt I designed on Amazon. /BitcoinMining submitted by HiIAMCaptainObvious to BitcoinAll [link] [comments]

To Pineapple Fund: Please consider helping to build fully open-sourced and not-for-profit ASIC designing and manufacturing organization. /r/Bitcoin

To Pineapple Fund: Please consider helping to build fully open-sourced and not-for-profit ASIC designing and manufacturing organization. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Community Funded Open Asic Design /r/Bitcoin

Community Funded Open Asic Design /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

How an ASIC is designed? /r/Bitcoin

How an ASIC is designed? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

The only way to compete with Jihan, is to design a better ASIC. /r/Bitcoin

The only way to compete with Jihan, is to design a better ASIC. /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Open source ASIC firmware / specs / board designs? /r/Bitcoin

Open source ASIC firmware / specs / board designs? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

What if ASIC design is open sourced? /r/Bitcoin

What if ASIC design is open sourced? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

KraterMiner.com launches. Selling Bitcoin Miners based on the Avalon Asic board design.

KraterMiner.com launches. Selling Bitcoin Miners based on the Avalon Asic board design. submitted by bitcoinbitcoin to Bitcoin [link] [comments]

Bitcoin mentioned around Reddit: Wasn't ASIC resistance a design goal of Dash? /r/dashpay

Bitcoin mentioned around Reddit: Wasn't ASIC resistance a design goal of Dash? /dashpay submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin mentioned around Reddit: Wasn't ASIC resistance a design goal of Dash? /r/dashpay

Bitcoin mentioned around Reddit: Wasn't ASIC resistance a design goal of Dash? /dashpay submitted by BitcoinAllBot to BitcoinAll [link] [comments]

KnCMiner Finalizes Design For World’s First 20nm Bitcoin ASIC Miner

KnCMiner Finalizes Design For World’s First 20nm Bitcoin ASIC Miner submitted by redditorsredditor to vertcoin [link] [comments]

KnCMiner finalizes design for world’s first 20nm Bitcoin ASIC miner

KnCMiner finalizes design for world’s first 20nm Bitcoin ASIC miner submitted by cryptodev to cryptodev [link] [comments]

KnCMiner Finalizes Design For World’s First 20nm Bitcoin ASIC Miner

KnCMiner Finalizes Design For World’s First 20nm Bitcoin ASIC Miner submitted by BTCNews to BTCNews [link] [comments]

Delta custom ASIC design for IoT integrates “Thor” NFC sensor integration chip ASIC Design for Mining - SBC '19 Bitcoin  CPU GPU ASIC Mining  Cryptocurrencies ... [TUTORIAL] HEX16A ASIC Bitcoin Miner W7 Mining-Asics-Technologies B.V. - YouTube

There are some rare Bitcoin ASIC mining chips and they, along with the common ones, can be used on their own when it comes to the subject of mining of the Bitcoin. When it comes to mining with a greater speed, ASIC miners play a huge role and they are more productive and cost-effective than the traditional Bitcoin miners. Bitcoin mining is effective only when there is a net benefit in regard ... A Bitcoin ASIC's specification could be seen as having a certain hash rate (e.g. Gh/s) at a certain efficiency (e.g. J/Gh). While cost is another factor, this is often a relatively fixed factor as the minimum cost of a chip will be determined by the fabrication process, while the maximum cost will be determined by market forces, which are outside of post-fabrication technological control. ASIC vs CPU mining []. An ASIC Bitcoin miner is designed exclusively for the purpose of mining bitcoin. Though significantly more expensive to purchase, they are far more powerful (higher hash rate) and electricity-efficient than CPUs and GPUs (graphics cards) – used for mining in the early days of bitcoin – and even FPGAs (field programmable gate arrays), which were, in 2011, the most ... Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”. Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity. Don’t Get Confused . There is Bitcoin mining hardware, which mines bitcoins. There are also Bitcoin hardware ... Chinesischer Chip-Designer zielt auf neuronale Netzwerke ab SAN JOSE, Kalifornien — Ein Unternehmen mit Sitz in Beijing, dessen Anfänge im Design von ASICs für Bitcoin Mining lagen, hat angekündigt, dass es seinen ersten Beschleuniger für maschinelles Lernen testet. BM1680 von Bitmain Technologies ist sowohl für Schulungen als auch Inferenzen bezüglich tiefer neuronaler Netzwerke ...

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Delta custom ASIC design for IoT integrates “Thor” NFC sensor integration chip

ASIC Design for Mining - David Vorick Stanford Blockchain Conference (SBC) '19, January 30th - February 1st 2019, Stanford University Slides and a full listing of talks are available at https ... Bitcoin ASIC Miner Tests and FinFET 16nm Transistor Technology. 2048 - 8192 bit Encryption Development & Data Compression. Cryptography, Steganography. Crypt... Lets tear down this $20,000 ASIC Miner and discuss just what exactly is an Application-Specific Integrated Circuit (ASIC) crypto miner and what are the top c... Mining ASICs Technologies B.V. (MAT) has been founded to design and produce best in class, high-performance hardware: ASIC Bitcoin miners ASIC Scrypt Litecoin/Altcoin miners FPGA Scrypt Litecoin ... asic. asic. Skip navigation Sign in. Search. Loading... Close. This video is unavailable. Watch Queue Queue. Watch Queue Queue. Remove all; Disconnect; The next video is starting stop. Loading ...

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