What is the packaging of mining machine hash power chips (what is the point of hash power in mining machines)?

What is the packaging of mining machine hash power chips? The mining machine hash power chips under Digaworld Technology are specifically designed hardware for the Ethereum network. According to the official introduction, this machine uses the new generation 5G graphics card S9ASIC chip produced by MicroBT company, which provides high-performance GPU of Bitmain’s latest 3nm, 8nm, and 7nm process processors T17 series, as well as low power consumption characteristics of 4nm process processors.

Before diving into Digaworld, we have already covered the principles, features, and application scenarios of Bitcoin Core technology and blockchain technology in detail.

What is the point of hash power in mining machines

Editor’s note: This article is from Colorful Yun Blockchain(ID: cybtc_com), author cncoin, authorized to be reprinted by Odaily Star Daily.

Mining is a complex engineering process that involves a large amount of computing resources and the allocation of hash power. We usually use electricity to measure the workload of this proof-of-work process. In other words, if a computer wants to mine a software, it needs to consume a large amount of electricity to complete this task. The most commonly used method currently is called “ASIC chip”, which is actually a technology dedicated to producing cryptocurrencies.

Bitcoin is the world’s first digital asset that adopts the PoW consensus mechanism. Its appearance allows the Bitcoin network to store tokens worth billions of dollars. However, in the early stages, the hardware devices that did not receive sufficient utilization were eliminated, resulting in the emergence of a new distributed system called “Bitmain S9” – that is, Bitmain’s S9 actually maintains the security and stability of the Bitcoin network while also providing some additional functions, such as the ability to convert Ethereum’s transaction processing power into Bitcoin cash and carry out transactions. Now, many people have started to make these functions their main form of work, such as buying mining machines, purchasing GPUs, or other hard drives. So for those who are interested in Bitcoin, why don’t they invest more money directly to run their own machines? First of all, the mining machine itself is not driven by non-professional miners, but by professionals and companies dedicated to cryptocurrency mining. Moreover, because their products and services are different, they do not need to bear the corresponding technical costs to obtain rewards. Secondly, in order to improve efficiency, ordinary individual investors can participate by having lower energy consumption or higher profit margins. In addition, when a person wants to mine a certain coin, they must have enough money to invest.

Although mining is essentially an electronic transportation tool, with the development of the industry, “networkization” and “degree of automation” (even scale) are becoming higher and higher. According to recent estimates by statistician Kyle Stephenson, “there are about 10,000 mining machine updates every 10 seconds on the whole network”. However, on the contrary, since December 2017, the average daily growth rate of the entire network has increased by nearly 20 times and has been slow. From the beginning of 2018 to the middle of 2019, more than 1,000 Antminer mining machines were added worldwide, totaling about 52,000 new mining machines. According to CoinDesk, as of the end of 2020, the entire network has recorded more than 79,000 latest-generation Bitcoin mining devices, with a total hash rate of 61.8 GH/s.