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What is the Antminer A3? (Profitability February 2018), Anything Crypto

What is the Antminer A3? (Profitability February 2018), Anything Crypto

The company behind the Antminer S9, Bitmain, released a fresh ASIC miner for Siacoin called the Antminer A3 ter January 2018.

This guide will go through the profitability of this miner, associated risks, and compare it against other miners like the S9, L3+ and T9+.

Announced on 16th January 2018, the Antminer A3 is a Blake(2b) ASIC miner. Some popular cryptocurrency algorithms:

  • Bitcoin and Bitcoin Specie use the SHA-256 algorithm
  • Litecoin and Dogecoin use the Scrypt algorithm
  • Dash uses the X11 algorithm.
  • Monero uses the Cryptonight algorithm.
  • Siacoin uses the Blake(2b) algorithm.

So this miner can’t be used to mine Bitcoin, Ethereum, or other popular cryptocurrencies, it’s used to mine Blake(2b)-based coins specifically, ter particular Siacoin.

Is the Antminer A3 Profitable?

You need to be very careful here. The A3 is significantly more powerful than existing Blake(2b) mining hardware, so it’s likely that any coins mined using this algorithm will see a significant difficulty increase overheen the coming weeks/months – similar to what happened to Dash ter mid-2018 (see more informatie on Dash here and here).

Right now, on the 7th February 2018, if you mine Siacoin with the Antminer A3 you’ll get around $12k vanaf year. Ter just a few weeks this could lightly decrease by 60% or more spil people commence to turn their A3’s on. Te a worst-case script this could decrease by 90-95% overheen the next duo of months, to where the A3 has similar profitability to the D3 (which optimistically would bring te around $340 vanaf year at the time of writing this).

The team behind Siacoin weren’t very glad about the A3 being released, suggesting that Bitmain (the company behind the Antminer S3) “has a strong track record ter Bitcoin of actively working to undermine core development, blocking significant network upgrades “, and so they’re worried they may do the same to Siacoin. They originally suggested that they might soft-fork to invalidate the A3 (make it much less profitable by switching the algorithm required for mining it), but have determined against that. There’s always a risk of them doing this if Bitmain acts maliciously – further enhancing the risk of buying an A3.

Competitors to the Antminer A3 te 2018?

Well right now the Antminer A3 looks to be the only Blake(2b) ASIC miner available to buy. Halong Mining look to be releasing one soon that would be around Trio.5x more efficient than the A3, this would cause Blake(2b) difficulty to increase even swifter, driving the A3’s profitability down even further.

Some alternative Antminer’s may be a better choice at the uur. The Antminer S9 proceeds to be popular for mining Bitcoin, albeit be aware of next generation Bitcoin miners that may be coming ter a few months. Recently the T9+ wasgoed released by Bitmain, but the Antminer S9 looks to be more profitable for mining Bitcoin (albeit buying onmiddellijk the S9 is more expensive). The Antminer L3+ is another option, which is presently more profitable than the S9.

DISCLAIMER: This webpagina cannot substitute for professional investment or financial advice, or independent factual verification. This guide is provided for general informational purposes only. Anything Crypto is UK-based and not regulated by the FCA (Financial Conduct Authority). The group of individuals writing thesis guides are cryptocurrency enthusiasts and investors, not financial advisors. The ideas introduced are our analysis, learning & opinions on a range of cryptocurrency topics. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can’t afford to lose – you should be ready to sustain a total loss of all invested money.

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