The Most Efficent Bitcoin Miner Is Coming from Halong Mining - Bitmain in Trouble ?

in #bitcoin4 years ago

For last years Bitmain was top1 producer of bitcoin mining rigs and it seemed competitors wont show up due to high costs of creating chips and manufacturing of miners.

Current flag product is Antminer S9 with 13.5TH/s.


Today new company Halong Mining shown video of their prototype that is 30% more efficent than S9 and is going to be cheaper.

The machine mines at 17th on the video and promises at least 16TH.

While there is often vapoware with miners, this one has BtcDrak one of Bitcoin Core devs in team and clims to already spend 30 million dollars on testing this hardware.

So if they work as they claim, they are cheaper, use less electricity and have more mining power than Bitmain.

Some big users already claimed they did pre-orders on this.

And others claim more stuff is coming.

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BTC.com and AntPool are owned by Bitmain. Many people say that ViaBTC is also connected to manufactuer.

Most Profitable Sha256 Coins Now


As you see currently mining Bitcoin Cash is best and selling on HitBTC but if you are lazy just run NiceHash software for easy profits.

Connected Articles

IF you missed this two are connected to the topic:
https://steemit.com/bitcoin/@kingscrown/the-best-coins-to-mine-with-gpu-cpu-right-now-eth-algo-rocking-it
https://steemit.com/bitcoin/@kingscrown/want-to-buy-antminer-s9-from-bitmain-the-only-way-to-pay-is-with-bitcoin-cash

Follow, Resteem and VOTE UP @kingscrown creator of http://fuk.io blog for 0day cryptocurrency news and tips!

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Good to know about all the pools.
How come genesismining does not show in the list ?

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Looking at those pics of a dragonmint resembles so much to the antminer that it is hard to believe there is no relations. Personally it looks like a scam but if it isn't kuddos for the people who own and use these miners. May the force be stronger in the bitcoin blockchain with these miners!

Dubious, had me browsing to find more info and posted on my findings here. I think people will be sceptical. https://steemit.com/steemit/@johnchamberlain/steemit-on-r-bitcoin

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"The days where anyone could make money mining Bitcoin with a desktop computer or GPU cards are unfortunately long gone. The total computing (or “hashing”) power of the network has risen exponentially since the introduction of application-specific integrated circuits (ASICs), or machines designed specifically to solve Bitcoin’s mining proof-of-work algorithm and nothing else."

Is bitcoin mining really profitable to the average man?

For those average men who own ASIC miners yes. believe with what China has done is make bitcoin mining achievable for the average man. If they had held off the antminers they would likely have own much more of the bitcoin blockchain. Instead they were wise to not only beat out most competition but have a legion of followers buying their products.

As an average man where can I go find a 19TH/s sha-256 for less than $2k other than bitmain. Many of us do not have the capital to create a mining farm but bitmain give us something to compete with those farms.

Well said, I'm in the same boat

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Oh dang lower price, hopefully less power to we might see some huge jumps in mining power. What is starting to suck though is its becoming more centralized as less and less people can get their hands on these big time miners.

@bitcoinflood you are right on that, and that is Really the case

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@kingscrown Good post. BCH will soon rule. End of problems. Best wishes. :)

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Better mine stèem

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I wonder if Bitcoin mining is even profitable anymore for normal person.. i cannot imagine someone has this kind of money to buy an ASIC just to mine bitcoin.. if i had this much money to spare, i would buy some more Steem😌

agreed. The glory days of bitcoin mining are long gone. Much better to just and hold bitcoin. Also it’s less noisy!

Exactlyyy

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Perhaps other coins that don't make chip mining possible is the future for smaller pc miners.

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Yes, you are a journalist. Because it's an alternative thing @kingscrown

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Nice information thanx for sharing

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after Chaina banning more miners transfer mining setup.

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I HAVE YOUR VOTE PLEASE VOTE MY PLEASE, ....

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The alternative is good for us....

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Flagged for spam. Please refrain.

nice informatiom

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That was a informative post obviously BCH will get in top.. greetings to them.. cheer's

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This is lovely, great information, I will continue to follow you, keep it up

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Is bitcoin mining is real? Many of the people say mining is not real. Give a answer... Thank You

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very interesting and i am confuse now because I want to buy one and I see a lot but I will try this one

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Nice and interesting!

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Congratulations @kingscrown, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 231 and the total pending payments to posts in this category was $2836.22. To see the full list of highest paid posts across all accounts categories, click here.

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Bitmain needs competition for sure, I would like to see reliable competition from other countries though.

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hi, nice job. Let me know what you think of my article

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You're a really good member of our community. Thanks, keep up the great work man

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But in fact every year the process of mining is complicated

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great bitcoin news

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thank you very much I was about to order some machines from bitmain haha

let me check this out. If anyone has any contacts at the company or has made large order please msg me.

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I find it amazing to see how far Bitcoin has come since first being introduced in 2009! Back then I had a spare PC with a good graphics card running a small mining application. Ha ha What did I know! ¯_(ツ)_/¯

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