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Bitcoin mining with alternative ASICs

, Bitcoin mining with alternative ASICs, Forex-News, Forex-News

, Bitcoin mining with alternative ASICs, Forex-News, Forex-News

When talking about the famous Bitcoin mining machines, ASICs, it is inevitable not to associate them with the big brands. The manufacture of these hardwares is mainly concentrated in five giants, which occupy more than 90% of the international market.

According to studies, the market for mining machines is dominated by Bitmain. However, this brand is closely followed by MicroBT and the quintet is completed by Innosilicon, Canaan Creatives and Ebang. The last two are listed on Nasdaq.

However, despite the overwhelming oligopolistic dominance that these five manufacturers exercise in the market, they are not the only ones. There are a number of alternative companies to the big ones, which manufacture ASICs equipment for Bitcoin mining. In this work, we present you some of them.

ASICs for Bitcoin mining, the world beyond Bitmain

As explained in other works, ASICs are specialized machines for mining Bitcoin and other digital currencies. It should be remembered that mining of the main cryptocurrency could be done from a GPU.

As stated above, there is an oligopoly of five giants in the manufacture of this specialized equipment. They control almost 90% of the market, mainly the two colossal MicroBT and Bitmain, which have more efficient and demanded equipment.

But there is a margin of small companies, which offer an interesting variety of equipment. It is important to note that many of these equipment are of low quality or, failing that, their electricity consumption is high and in many cases, they constitute a very high cost for the miners, who bet insurance on the large manufacturers.

Some of the alternative brands

It is important to take into consideration that some of this equipment may be of poor quality. In this sense, it is advisable to take precautions and not invest in them unless you have full security to do so.

The first on this list is Spondoolies. It is a company specialized in the manufacture and design of ASICs for Bitcoin mining. The best known equipment of this brand are those of the SP series.

KNC is another of the manufacturing companies. Although the company does not currently exist, as problems led it to cease its activities, some of its equipment can still be found used. Their quality is low for obvious reasons.

Another company is Bitfury, a Dutch firm that has multiple services related to the Blockchain. The Tardis are their best ASICs for Bitcoin mining, although their efficiency is low due to their high electricity consumption.

The market for ASICs equipment for cryptocurrency mining, specifically Bitcoin, is dominated by an oligopoly of five companies. Source: BitMex.

A long list

The list of alternative mining machine manufacturing companies is much larger than you might think. Some of the firms described no longer exist, others are just starting operations. Meanwhile, a third group, has not been able to break the competition of the Asian giants.

In this link, you will find a much broader list, which can serve as a reference to know the high variety of firms. As always, the recommendation is to keep your eyes open and avoid buying poor quality products that can result in losses.

Efficiency is the factor to consider

As is known, Bitcoin mining ASICs consume a high degree of energy. In many countries, electrical costs are quite high, which is why miners are betting on more efficient equipment.

When it comes to efficiency, these are machines that consume less power and have a higher hash power. These are the most sought after sites, once again, with the most expensive energy bills.

With this in mind, investing in equipment from unknown brands can backfire in many places. There is not only the risk of their quality, but also that they are not profitable.

Data to take into consideration

  • Among the top five manufacturers of ASICs equipment for Bitcoin mining, they occupy more than 90% of the market.
  • Among these five giants, MicroBT and Bitmain are the absolute dominators.
  • Efficiency is one of the most important factors in ensuring the success of a company of this type.
  • The list of alternative companies to these giants is surprisingly large. However, many of the firms have already disappeared.
  • The recommendation is not to get carried away by the low prices of these equipment, since many of them can be of low quality.

, Bitcoin mining with alternative ASICs, Forex-News, Forex-News

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