Why does the mining machine crash (What are the situations where the mining machine cannot be started)?

08/19/2023 03:46 • AI Insights • 79 views

Why does the mining machine crash? Why does the mining machine crash?

Firstly, what is the mining damage mechanism of the Antminer S19 series. Due to its use of the Samsung 7nm chip, it performs poorly on both ASIC and GPU, resulting in low efficiency. Secondly, why is the mining damage rate of the Antminer S9 series extremely low (power consumption is about 3W)? It is because the chip cannot run. However, if there is no proof-of-work algorithm specifically for mining digital currencies to verify the proof of work algorithm, there may be problems. Thirdly, what has caused the drastic drop in Bitcoin prices. Fourthly, why do so many investors choose to buy Bitcoin to purchase mining machines? Their first thought is BTC, but later the price dropped to below $1. Many of these users have now suffered losses. Fifthly, the principle of mining machine death: The price of the Antminer S19Pro new generation mining graphics card is 17 yuan, which is about 10 times cheaper than the current peak. (Image source: Internet)

According to the explanation of the Antminer S15, the reason for the decline in computing power is that the blocks mined are too slow and the speed is fast. So we call it “crashing”. In fact, this explanation can be understood as a simple phenomenon:

(1) The mining farm is occupied, and miners can no longer use new machines or restart devices, thereby affecting the normal operation of the entire system; (2) It stops working due to insufficient CPU; (3) Power-off after overheating; (4) The mining pool is closed, the mining machine is shut down, and eventually it becomes obsolete; (5) Over time, more and more miners go offline or shut down new mining hardware, and eventually faults occur.

Situations where the mining machine cannot be started

According to coindesk reports, Bitmain’s Antminer S19Pro encountered performance issues on September 21, 2019. It did not reach the expected hashrate and requirements (including mining all virtual currencies including Bitcoin), resulting in a price drop to about $1. According to information disclosed by Bitmain: “As of now, the average electricity price of Antminer has dropped from 5G to 3 cents, and it has fallen below 2 yuan.” According to insiders, some miners started experiencing problems starting from early 2019. For example, some customers found that they could not start their machines; one user said they were using other machines; a buyer said they had purchased new machines and contacted the seller to resolve the issue. In addition, another netizen claimed “I am considering selling my mining machine,” but in reality, this does not mean that you really have a product that can withstand ASIC chip failures and work normally.

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Why does the mining machine crash (What are the situations where the mining machine cannot be started)?

Situations where the mining machine cannot be started

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