OnMiners S.A. is launching a brand new technology of endothermic cryptocurrency mining rigs that promise excessive energy however low power consumption whereas lowering warmth and noise technology.
Decreasing Mining Prices with Endothermic Chips
New corporations and new applied sciences are getting into the crypto mining house with the goal of reducing prices and power consumption. OnMiners is one such firm based mostly in Luxembourg that was based by a gaggle of financiers which have invested within the creation of a brand new technology of Endothermic Multi-Algorithm CHIP.
Endothermic refers to a chemical response that absorbs power from its environment and lowers the temperature.
On March 18, 2019, OnMiners announced the official launch of three mining rigs specifically, On2U, On4U, and OnTower.
These rigs can mine an array of cryptocurrencies, together with Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Monero (XMR), Sprint (DASH), and Zcash (ZEC). OnMiners specifies the hash charges that every rig delivers, as follows:
• On2U: 140 TH/s for Bitcoin, 38 GH/s for Litecoin, 5 GH/s for Ethereum, 230 KH/s for Monero, 1.three TH/s for Sprint, and 1.1 MH/s
• On4U: 270 TH/s for Bitcoin, 75 GH/s for Litecoin, 9 GH/s for Ethereum, 450 KH/s for Monero, 2.5 TH/s for Sprint, and a pair of.1 MH/s
• OnTower: 1620 TH/s for Bitcoin, 450 GH/s for Litecoin, 54 GH/s for Ethereum, 2700 KH/s for Monero, 15 TH/s for Sprint, and 12.6 MH/s
On the launch of those mining rigs, Hisao Saito, the CEO of OnMiners stated,
With hash-power charges like by no means earlier than, we're extraordinarily assured that our mining rigs may have a game-changing impression available on the market.
Crypto Miners Arms-Race
For the final a number of months, opposed market circumstances and excessive power prices have considerably lowered cryptocurrency mining profitability.
Consequently, to outlive, crypto miners are being forced to attempt new applied sciences that reap the benefits of cheaper and different sources of power. For instance, some miners at the moment are turning to solar energy to chop mining prices.
The arrival of this technology of the Endothermic Multi-Algorithm CHIP now provides miners one other choice to decrease prices. As Hisao Saito put it,
The worldwide market has seen numerous mining farms closing down their operations within the current months. With the discharge of our new merchandise, traders now have an important alternative to get again in enterprise with larger profitability than ever earlier than.
What do you concentrate on working Bitcoin mining operations on endothermic chip expertise? Tell us within the feedback under!
Pictures courtesy of OnMiners, Shutterstock
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