9,450 USD

Last trade price

+5.26%

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12.820 BTC

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2,231,775

active traders

40,098.46

Bitcoin price variations

About Us

We are a team of professionals with experience in Blockchain Management, Offline sales, and Cryptocurrency Mining. We deal with brands like Bitmain, Innosillicon, Baikal, Ibelink, and Whatsminer. We want your support for transforming the world into a better place.

When it comes to Crypto Currency Mining Rigs we sell a variety of these computerized products. Our company supplies in Wholesale and retail because products are always available enough to satisfy high purchase/demand. We are always open to all your Inquiries and we respond as soon as possible. We stick to the principle of quality first, proper service, continual improvement, and innovation to meet the customer needs of our management. We have a clean sheet with Zero defects, and zero complaints because our company prioritizes quality objectives.

ASIC Miner Shop, located at 1720 NE 13th St, FORT LAUNDERALE, FL 33304, is a seven-year-old high-tech supply enterprise, with sales and after-sale service. Our products include Bitmain, iBelink, iPollo, ANTIMINER, and Goldshel, just to name a few. We are a professional supplier and servicer for mining equipment.

Our company has been certificated by ISO9001, and the products have got the certification of IECEX and European community CE Authentication. As the national innovation trial enterprise, the academician workstation scientific and engineering application demonstration enterprise, the national fusion and standards implementation of industrialization and information trial enterprise, the intellectual property pilot unit in nation-wide enterprise and institutions, the deputy director′unit of Cryto Currency mine supporting system committee, China Cypto Currency Association, The standing executive member of United States soft rock engineering associations, the AAA grade credit research center of mining machinery engineer, has been evaluated as AAA grade credit enterprise by the financial institution.

First-rate quality control systems have been established that all the products and key parts are printed in quality identification code to distinguish authenticity and to trace quality issues. With modern quality management concepts, precision engineering, and internal control procedures to ensure high-quality products are provided to customers.

Sales and service networks have been established throughout the world, and our sales managers are responsible for communication with customs and door-to-door service could be offered. Meanwhile, professional after-sales engineers and maintenance technicians are provided to guarantee fast and efficient after-sale service.

What is Mining and How Does It Work?

Mining is the process of adding transaction records to Bitcoin’s public ledger of past transactions. This ledger of past transactions is called the blockchain as it is a chain of blocks. The blockchain serves to confirm transactions to the rest of the network as having taken place. Bitcoin nodes use the block chain to distinguish legitimate Bitcoin transactions from attempts to re-spend coins that have already been spent elsewhere.

Mining is intentionally designed to be resource-intensive and difficult so that the number of blocks found each day by miners remains steady. Individual blocks must contain a proof of work to be considered valid. This proof of work is verified by other Bitcoin nodes each time they receive a block. Bitcoin uses the hashcash proof-of-work function.

The primary purpose of mining is to allow Bitcoin nodes to reach a secure, tamper-resistant consensus. Mining is also the mechanism used to introduce Bitcoins into the system: Miners are paid any transaction fees as well as a “subsidy” of newly created coins. This both serves the purpose of disseminating new coins in a decentralized manner as well as motivating people to provide security for the system.

Bitcoin mining is so called because it resembles the mining of other commodities: it requires exertion and it slowly makes new units available to anybody who wishes to take part. An important difference is that the supply does not depend on the amount of mining. In general changing total miner hashpower does not change how many bitcoins are created over the long term.

Difficulty

The Computationally-Difficult Problem

Mining a block is difficult because the SHA-256 hash of a block’s header must be lower than or equal to the target in order for the block to be accepted by the network. This problem can be simplified for explanation purposes: The hash of a block must start with a certain number of zeros. The probability of calculating a hash that starts with many zeros is very low, therefore many attempts must be made. In order to generate a new hash each round, a nonce is incremented. See Proof of work for more information.

The Difficulty Metric

The difficulty is the measure of how difficult it is to find a new block compared to the easiest it can ever be. It is recalculated every 2016 blocks to a value such that the previous 2016 blocks would have been generated in exactly two weeks had everyone been mining at this difficulty. This will yield, on average, one block every ten minutes. As more miners join, the rate of block creation increases. As the rate of block generation increases, the difficulty rises to compensate, which has a balancing of effect due to reducing the rate of block-creation. Any blocks released by malicious miners that do not meet the required difficulty target will simply be rejected by the other participants in the network.

Reward

When a block is discovered, the discoverer may award themselves a certain number of bitcoins, which is agreed-upon by everyone in the network. Currently this bounty is 6.25 bitcoins; this value will halve every 210,000 blocks. See Controlled Currency Supply.

Additionally, the miner is awarded the fees paid by users sending transactions. The fee is an incentive for the miner to include the transaction in their block. In the future, as the number of new bitcoins miners are allowed to create in each block dwindles, the fees will make up a much more important percentage of mining income.

The mining ecosystem

Hardware

Users have used various types of hardware over time to mine blocks. Hardware specifications and performance statistics are detailed on the Mining Hardware Comparison page.

CPU Mining

Early Bitcoin client versions allowed users to use their CPUs to mine. The advent of GPU mining made CPU mining financially unwise as the hashrate of the network grew to such a degree that the amount of bitcoins produced by CPU mining became lower than the cost of power to operate a CPU. The option was therefore removed from the core Bitcoin client’s user interface.

GPU Mining

GPU Mining is drastically faster and more efficient than CPU mining. See the main article: Why a GPU mines faster than a CPU. A variety of popular mining rigs have been documented.

FPGA Mining

FPGA mining is a very efficient and fast way to mine, comparable to GPU mining and drastically outperforming CPU mining. FPGAs typically consume very small amounts of power with relatively high hash ratings, making them more viable and efficient than GPU mining. See Mining Hardware Comparison for FPGA hardware specifications and statistics.

ASIC Mining

An application-specific integrated circuit, or ASIC, is a microchip designed and manufactured for a very specific purpose. ASICs designed for Bitcoin mining were first released in 2013. For the amount of power they consume, they are vastly faster than all previous technologies and already has made GPU mining financially unwise in some countries and setups.

Mining services

Mining contractors provide mining services with performance specified by contract. They may, for example, rent out a specific level of mining capacity for a set price for a specific duration.

Pools

As more and more miners competed for the limited supply of blocks, individuals found that they were working for months without finding a block and receiving reward for their mining efforts. This made mining something of a gamble. To address the variance in their income miners started organizing themselves into pools so that they could share rewards more evenly. See Pooled mining and Comparison of mining pools.

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