The cost of an ASIC for Grin mining will be about $20,000
Manufacturers of cryptominers, the most famous among which are Vidtoo and Innosilicon, according to available data, are planning to release an ASIC in the near future, which will allow mining the Grin cryptocurrency, known today due to the fact that it does not have investors, premining and ICO campaign. Its maximum heyday was in 2019. If we consider the period from January 16, then during this time the currency has three peaks: $14.7, $13.3 and $6.4. The current price is $3.2, and the market capitalization is $54.3 million. As for the lowest indicator for this currency, it was $1.9.
The Grin algorithm, if we take into account the POW “Cuckoo Cycle” consensus algorithm, can be divided into C29 and C31. 90% of the blocks are produced by the original C29 algorithm, while C31 accounts for only 10% of the blocks. For a period of 8 days, the share of blocks of the first algorithm decreases by 1%, and the share of the last one increases by 1%. For January 2021, C31 will increase the production level to 100%.
According to the results obtained, GPU mining was initially the main method that attracted attention with a low entry threshold. After that, with the help of ASIC Miner, it became possible to start large-scale mining and receive well-deserved recognition.
Today, there is a battle between SparkPool and F2Pool for 50% of the power of the Grin algorithm. The Grin ASIC miner with C31 and C32 support is scheduled for release in August.
The G1MINI has a computing power of 50 Gps, and the G1PLUS has 500 Gps. The maximum cost of the first option is $1950, and the second – $19500.
At the moment, 133.84 Kg is the total power for the C31. For comparison, the
< p>G1PLUS has only 500 g.
For Grin, the capacity is 60 blocks per minute, equal to 86,400 per day. The correction of the C29 and C31 production levels in September was 6: 4. Thus, the C31 algorithm for September is 34,560 parts with an estimated cost of $108,518. 4 when calculated at a price of$3.14.
Those who are the first to implement the launch of Grin ASIC will be able to earn good money, as the price per unit of G1PULS pays off in just 50 days, with the condition that when there are only 274 G1PLUS on the market. $396 – average income per unit.
Mass production of the miner is currently impossible and there are reasons for this. First of all, this is due to the current level of total market capitalization, despite the success of ASIC Grin.
For example, the company Obelisk production of the corresponding miners is no longer planned.