Mining Bitcoin at home? Let\'s evaluate if it is still possible in 2022?

With the halving approaching, Bitcoin mining has been a hot topic for the entire crypto community. The vast majority of people who know the market know that Bitcoin mining is limited to application-specific Integrated Circuit machines or ASICs and that the times when mining was done with a computer with a graphics card they were left in the bygone days of Satoshi Nakamoto.

Now, beyond weighing these elements, we could think that participating in Bitcoin mining is quite profitable, however, we have not yet deducted the own expenses that are generated by mining Bitcoin, such as the electrical consumption of the machine and the commission. of the mining pool in which we decide to participate.

Regarding electricity consumption, this is a fact that we cannot ignore. In particular, an Antminer S17 consumes about 1500 watts per day and could easily consume about 36 KW if it keeps working daily.

Bitmain antminer s17 is designed for Cryptocurrency mining only on SHA-256 algorithms, mainly Bitcoin and BitCash. Company representatives claim that the energy efficiency of the second-generation 7nm chips used in the S17 model is 30% higher than that of the models in the previous line.

The new line will be presented by three device models: Antminer S17 Pro, Antminer S17, and Antminer T17.

"Technical limits for development are not yet, but it is possible that in the short term after progress surpasses 7nm chips, miner developers will face physical limitations. Despite the rapid pace of development in the industry, in the foreseeable future, 7nm chips will continue to be the preferred option in the context of performance and savings," said the manager for the launch of new devices.

It recently became known about the Bitmain plan, according to which deliveries of the new line of ASIC miners will be made in anticipation of halving the Bitcoin block reward. Therefore, the company wants to restore its lost market position, as well as improve its financial position.

In addition to the consumption of the equipment, it is also necessary to evaluate the temperature of the place where the equipment will be housed. When working permanently, the equipment tends to overheat, which means that they need to be in areas with cooling. The Bitmain team recommends that the ambient temperature be kept between 15-35 degrees Celsius and particularly for the S17 expresses that the maximum temperature that the integrated chip reaches is 75 degrees.

If you are looking for Antminer s17 price, do not hesitate to contact us through bitmainexpress.com.

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Until 16/03/2022 00:00:00