What Does the A3 Miner Mine (Miner L3)?

What does the A3 miner mine? A3 computing power is mainly used as a parameter for calculating capabilities in Bitcoin mining. According to data from Bitmain’s official website, as of May 15, 2019, the total A3 computing power is 10,000,000 TH/s, which is approximately around 200 million US dollars (based on current currency prices). Estimated based on the profitability rate at the end of 2018, this number is roughly around 150 million Chinese yuan. According to current data statistics, the price of A3 has increased by over 20% compared to the beginning of 2019. (Image source: btc.com)

A3 computing power is a new generation Bitcoin ASIC chip miner developed and launched by Canaan. In December 2017, Canaan Technology released a new cryptocurrency mining system based on the Proof-OF-Capacting consensus algorithm and adopting a PoW+DPOS hybrid consensus mechanism. Subsequently, in late October 2017, Bitmain announced the development of Ethereum 2.0 virtual machine.

Miner L3

According to the latest data from the CoinPrint mining pool, the computing power of Bitmain’s Antminer S9 series reached a peak of over 1000 TH/s in July. The total computing power of the Antminer L3+ is about 80,000 THash/s. It is reported that the price of L3 is 10 yuan per kilowatt-hour, with an electricity cost of about 20 cents; L4 is close to 30 US dollars, with a power consumption of about 50 cents (equivalent to 2 machines). The cost of L6 and L1 is not much different, but compared to L2, its profitability is much higher. The lower price of L3 is due to the adoption of the most advanced algorithm, which makes it more efficient and energy-efficient. If older models are used, the profitability rate can be increased and electricity costs reduced. If new devices are purchased, electricity consumption can be reduced, saving costs, increasing the value of mined assets, and thus enhancing profitability.

Currently, the mainstream Bitcoin mining models on the market are L3 and L3+.