At the start of this unusual and sometimes difficult year, the cryptocurrency world reminisced about the crypto mining boom and whether it was now over. But soon the fears were washed away when large companies registered on Nasdaq showed a clear interest in mining Bitcoin (BTC) for additional income.
It has been said more than once that the surge in mining this year is directly related to the significant rise in cryptocurrency prices. During the summer, Bitcoin could be bought for just over $ 10,000; now it is priced at more than double the amount. Altcoins don’t lag behind either. Ether (ETH) hit $ 650 this month and Litecoin (LTC) was recently above $ 117, although six months ago the latter could be bought for just $ 41.
As price analysts expect bullish market trend continues in 2021, the most up-to-date hardware offerings are probably in high demand. So here are some of the most interesting products on the hardware market that miners can expect to hit shelves in 2021.
On solid ground
When it comes to Bitcoin mining, ASIC miners are the number one choice for hardware. An ASIC, or application-specific integrated circuit, is a ready-to-use device that is easy to set up and program. When mining Ether and Ethereum based tokens, things get more interesting as they have to assemble a rig for that consists of a motherboard, GPU cards and various other components.
So, what was in use this year and what did the world’s miners spend the most money on? Most recently, Riot Blockchain bought 15,000 variants of the Antminer 19 series, to be delivered in 2021. Nathaniel Justin Yu, manager of the international marketing team at Bitmain, confirmed to Cointelegraph that the Antminer 19 series models released in May 2020 among Bitcoin miners were in high demand:
“We see a growing demand for mining hardware, especially for our Antminer 19 series models (Antminer S19 Pro, S19 and T19). The 19 Series delivered class-leading market performance this year as it is equipped with a new generation custom chip, with energy efficiency of just 23 J / TH. Our Antminer products are purchased through July 2021. “
For those who have decided to put together mining rigs themselves, the list of the most in-demand equipment for mining this year starts of course with the GPU cards. Two long-time rivals presented their latest lines this year: Nvidia with its top-of-the-line GeForce RTX 3000 Series GPU cards in September, followed by AMD’s Radeon RX 6800.
Miners still are divided about which of these cards is better, but the main question is when these cards will be available for everyone, as demand is significantly greater than supply. While Nvidia GeForce RTX 2080 Ti and AMD Radeon RX580 are still top notch cards, interest around the new offering is likely to continue into 2021.
Next year, Bitmain will continue to delight users with series 19 ASIC miners. According to the manufacturer, new solutions will be implemented that will help increase mining efficiency.
Another Chinese manufacturer, Canaan Creative, introduced a new model of the miner AvalonMiner 1246 in September, which claims to have a 30% better efficiency than the previous model. According to the manufacturer, AvalonMiner 1246 could achieve 90 terahashes per second, while the A11 series achieves an average speed of 60-68 Th / s.
The miner is available from January. Although this model underperforms Antminer 19, the cost is slightly lower. About $ 3,000 it’s still worth a second look for those looking to mine Bitcoin.
New GPU cards
While Nvidia had issues with the release of its flagship GeForce RTX 3060 Ti, AMD is already working on the next one after just unveiling its 6000 series. Company announced the release of the next series with a new RDNA 3 architecture in late 2021. According to the manufacturer, the GPU should surpass the previous one in performance by 50% and will require less power and cooling to operate.
But Nvidia shouldn’t be written off just yet. Despite some delays in launching its GeForce RTX 3000 cards, the company could be Preparing to present new products at the event scheduled for January 12, 2021. Presumably the manufacturer will unveil Ti and Super modifications, which should please miners. In any case, the line will be expanded with maps of different price points, giving users more options when assembling mining rigs.
If GPUs are the preferred method for mining, a good motherboard is an absolute must. The main feature in this case is the number of slots in which to install GPU cards.
Considering what’s already available in the mining motherboard market, such as MSI H310-F PRO, which has 13 GPU card slots, or the Asus B250 Mining Expert with 19 slots, miners shouldn’t expect to receive special gifts from manufacturers in 2021. will receive. .
However, new goods are on the way. Biostar, recently one of the largest hardware manufacturers introduced a new TB360-BTC D + motherboard designed for cryptocurrency mining. The motherboard has eight PCIe x16 slots, which is enough for a standard rig. However, the price and start date of the sale are not yet clear.
Hardware that should not be overlooked
The choice of each part is crucial for efficient mining. Aside from the correct GPU card and motherboard, uninterrupted internet and electricity is a must. In addition, cryptocurrency mining equipment is very noisy and can get hot, so miners should take safety precautions. If you’re mining at home, the best option is to use the machine in an air-conditioned room when it’s warm and a balcony when it’s not.
In addition, it is worthwhile to choose a powerful power supply with sufficient power and, above all, protection against current surges and other electrical problems. One of those options to ship in early 2021 is the EVGA SuperNOVA 1000, which is cost nearly $ 200.
Choosing a frame is not the last task as it will affect the noise level generated by the rig. Guntis Vitolins of the company Mineshop, which offers both ready-made rigs and equipment separately, noted to Cointelegraph that miners’ tastes in frames have changed this year:
“The GPU mining industry has changed since 2017, with most miners preferring the server-type riser without GPU enclosures to open air frames with risers. Because the cooling is better in closed housing and also the installation is much faster. Only downside to these cases is that they can be a bit noisy at 50-60 dB. “
For those who don’t want to get into the complex topic of mining rig design, GPU card selection and so on, there are companies that offer turnkey solutions. This year, experts have talked about the growth in sales of these ready-to-use drilling rigs called “mining 2.0”.
Vitolins further stated that “sales have increased dramatically since March 2020,” adding that GPU miners built with AMD graphics cards (the best cards for mining Ether) have been a particular hit.
Is 2021 good for mining?
Looking at the growing cryptocurrency prices and the excitement around mining equipment gives hope that 2021 won’t start any worse than the previous year for the industry. However, it is impossible to predict whether crypto mining will remain in vogue due to the economic uncertainty amid the devastating COVID-19 pandemic.
But it is safe to say that in 2020 miners have become more experienced and proven following Bitcoin mining reward halve and the not-so-slippery rainy season in China. Today, miners are no longer babies seeing the world around them for the first time, but ready for market shocks and able to adapt to any circumstances. Moreover, so large, public companies are start entering cryptomining2021 should further strengthen the adoption and acceptance trend.