What coins can be mined by the s9 (how long can the s19 mine for)?

08/12/2023 06:29 • AI & Tech Insights • 101 views

What coins can be mined by the s9? According to official information, the price of the S9 miner is 2 Chinese yuan per unit.

Compared to Ethereum Classic (ETC) in November 2017, Avalanche (AVAX) in January 2020, and EOS (ENJ) in 2021, the mining difficulty of Bitcoin has increased due to the development of new technologies in the bull market of 2019. As a result, the total network hash rate of Bitcoin has decreased from 10 Gwei at the end of 2018 to around 34.5T currently. In early April 2019, after the popularity of Fomo3D, there was a decrease in the prices of mining equipment in the market. Since the first quarter of 2018, mining costs have been continuously reduced, and mining efficiency has gradually returned to normal since the end of 2017. By the end of August, the market situation improved and several mainstream mining manufacturers announced the launch of their mining products. So, what transactions can be made by the current miners with this series of products? What coins can the s9 mine?

How long can the s19 mine for?

According to the Cambridge Bitcoin Electricity Consumption Index, the price of the s19 is currently around $17,500 per unit. If we take into account the current mining costs and calculate based on the current coin price, the electricity cost for the past year has been nearly 400,000 Chinese yuan. Therefore, we can assume that the total energy consumption in the Bitcoin network is about 2,100 kWh (equivalent to 1 kilowatt).

So, why not choose Ethereum? The answer is simple: because Ethereum is decentralized, its operation is similar to BTC. However, due to Ethereum’s network effects, security, and performance issues, it cannot withstand high enough hash rates and time limits. This means that Ethereum requires a large amount of electricity to maintain system operation and network security, which is one of the main reasons.

In addition, for ordinary users, besides purchasing expensive hardware, it is also possible to perform daily operations with lower power consumption. However, this approach may not be a good idea for most people (Trustnodes).

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What coins can be mined by the s9 (how long can the s19 mine for)?

How long can the s19 mine for?

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