What coin does the M3 miner mine? (L3 miner income)

What coin does the M3 miner mine? According to official website data, the mining power of the miner is calculated based on 1 degree per kilowatt-hour.

The price of Bitcoin reached a new all-time high on December 30, 2017, but subsequently fell due to changes in the market environment, and the block rewards on the Bitcoin network also declined significantly. However, due to the current downturn in the market, miners have started to shift towards other mainstream cryptocurrencies (such as Litecoin). Recently, Bitmain released the new products M31S and the latest generation of Antminer S19 Pro, as well as the new motherboard M3S+, new ASIC chip T17, and new ASIC graphics card A11 series. Both models have achieved “dual mining”. Among them, the first machine is the Shenma M2Z20pro, which can mine 100,000 units of Ethereum. The second one is the new generation Antminer S9 miner M30s+ released by Bitmain, which can achieve the highest single-side multi-process mining with 1000P computational power in less than an hour. (Reference: According to btc.com, Bitdeer announced in July that it will produce 100nm ASIC devices, which are expected to be launched at the end of August.)

In addition to the miners, Shenma also released M21S+ and the latest Avalon A841N algorithm, and added E14Pro, which can support more types of application-type codes, codenamed m4s. These improvements have made significant progress compared to the previous M15S.

L3 Miner Income

According to reports, the average mining power of L3 miner is about 16T/s. Currently, the global difficulty of Bitcoin has risen to a new all-time high of 19.93T (June 17, 2021); the Ethereum network difficulty has also risen by nearly 20% to 25G. (The above data is from BlockBeats)

As of the time of writing, the average global price of Bitcoin is $41,900, which is less than 400 days since the previous price peak. It is recommended that investors be patient and wait. However, due to the current low level of computational power, it is expected that the price of L3 coins still has a large room for growth.