What is the 580 miner for (580 miner 8-card machine power consumption)

What is the 580 miner? According to official news, what is the purpose of the 58

What is the 580 miner for (580 miner 8-card machine power consumption)

What is the 580 miner? According to official news, what is the purpose of the 580 miner?

According to the introduction: The principle of the 580 miner is similar to the Antminer S17. It uses the M20S+A3 mining algorithm to conduct ASIC mining, which means obtaining Bitcoin rewards through machine computing power. Another purpose is to use dedicated chips for GPU mining (such as graphics cards) to improve the price and efficiency of Bitcoin. The last use is to transform cryptocurrency transactions into programmable digital assets, allowing users to easily transfer funds, store data, and more on various blockchain platforms. (Note: The image is from the Internet)

From the image, it can be seen that the size of the gray block is about 6GB, which means it has limitations in capacity. However, if calculated at a speed of 1MB/s, it is estimated that only one 5G cost is required to package Bitcoin into smart contracts. And this contract must also support the exchange between BTC and ETH to generate profits. Therefore, Grayscale has also been paying attention to this issue because they recently launched a new mining product “Shenma Miner”.

580 miner 8-card machine power consumption

According to reports, according to the latest official website data from Bitmain, the current total computing power of the Antminer 580 Pro is 26.5TH/s, accounting for approximately 68.5% of the entire network’s effective computing power.

In addition, according to Shenma’s latest graphics card mining power consumption index, the power consumption of the current 8-card machine is about 50T, which means the average cost is about 58W/day, which means each miner can save more than 10,000 units of power. If calculated based on the current price, the Antminer S17 series with 6G, the A9 series with 5G, and the M30S series with 7G can generate approximately 45 degrees of electricity, and Chips Motion Technology has developed a 3g power consumption.

After the increase in the difficulty of the Bitcoin network, it is expected to be adjusted on October 16th. The new adjustment will increase the overall network difficulty by more than 20%. (Wu said blockchain)

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