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What is the function of the Antminer (Can the Antminer really make money)?

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What is the function of the Antminer? The full name of the Antminer is Asic Min

What is the function of the Antminer (Can the Antminer really make money)?

What is the function of the Antminer? The full name of the Antminer is Asic Mining Machine. In the process of mining Bitcoin, it has the following characteristics: (1) uses high-power electricity and low-power cooling technology; (2) has strong anti-ASIC capability and high performance; (3) protects its own safety through special fans and reduces power consumption.

Specifically, the Antminer uses the S17 series of S19jPro, which is currently the most advanced Bitcoin dedicated product on the market. (Image source: internet)

Can the Antminer really make money?

According to the Star Planet Daily, can the Antminer really make money? According to informed sources, they have currently purchased the pre-sale price of S19Pro mining machines worth about 2,000 yuan, which is around 10 million yuan. However, according to the official website, the prices of these Bitcoin mining equipment are significantly different from ordinary computer prices (due to high costs), so buyers do not receive direct electricity fees or commissions, but earn income through “purchasing” computing power. However, some industry insiders also analyze that this money is not directly related to the profitability of the Antminer, but because the sales model of the Antminer is “one-click issuance”, which means that users need to pay a certain fee to participate in mining when using the machine. Therefore, according to the current price, this method may be less profitable than payment methods using platforms such as Alipay and WeChat for mining; on the contrary, as long as you have a mobile phone, you can transfer your digital currency to the Antminer blockchain.

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