The cryptocurrency market provides an opportunity for ordinary users, entrepreneurs, and companies to make money. One way to earn an income is by mining coins and tokens. Solving a special task allows you to mine digital currency. Popular computing equipment in 2022 is video cards and ASICs. Only ASIC devices are used for bitcoin mining. Now we can even confidently observe the growing popularity of hosting miners. However, not everyone knows how to connect an ASIC to a mining pool.
However, to begin with, it is necessary to choose high-quality equipment that will not let you down. Setting up the hardware also requires certain skills. Therefore, in this article, we will analyze in detail and step by step how to install and configure everything you need. And also a little attention will be paid to the best companies and for beginners, we will tell what ASIC is in more detail.
Many people who want to engage in mining have a question, what is ASIC? It is clear that this is equipment that helps to mine cryptocurrency, but we will understand it in detail.
In essence, ASIC is an integrated circuit designed to solve a specific task, in this case: bitcoin mining. Its main difference from general devices is a narrow specialization. Some may consider this a disadvantage because most ASICs are not capable of earning other cryptocurrencies. But such devices cope with bitcoin mining much more efficiently and are tens or even hundreds of times faster than the usual video cards and processors.
It is with the help of this hardware that bitcoin mining is now performed on an industrial scale. To do this, they are installed in special centers with stable access to cheap electricity and a well-adjusted thermal management system. For singles, the price of the devices has been too high for a long time. And even today for most users it is a serious investment. That is why it is necessary to choose ASICs seriously.
Best ASIC Bitcoin Miners
Here we have compiled a list of 10 models that are great for bitcoin mining. Also, when comparing multiple devices, it is important to read user reviews and testimonials for specific models. They will tell you much more than the manufacturers’ promos.
- Antminer S9
- Antminer S17+
- Antminer S19 95T
- Antminer T19 84T
- Whatsminer M31S 80T
- Whatsminer M30S+ 100T
- AvalonMiner 1246
- AvalonMiner A1166 Pro
- Ebang EBIT E11++
- MicroBt M30s++
As you can see, there are plenty of good and in-demand models. However, if you want to find what is right for you, then you should understand this question in detail and study the specific criteria for choosing the equipment for yourself. Only in this way will it be possible to understand what characteristics of the device are key and what you need to pay attention to in the first place. We will highlight for you the main parameters that you should pay attention to.
- Power
- Hash rate
- Price
- Payback
- Power supply
- Cooling system
How to do ASIC Setup
Now that we’ve got the miners sorted out a bit, got the place set up and ready to go, let’s get down to business.
Connect the Power Supply
Once you are sure that everything is securely joined, plug the power supply into the socket. There is nothing complicated here, after that the miner will turn on. However, some models have a power switch, so pay attention to it.
Connect to the Internet
One of the easiest steps that is present when setting up a miner is to connect the Internet. Just use a CAT5 or CAT6 cable for this.
Access Router
To get the IP address of the miner, we need to go into the router’s settings and look for it there.
Determining the IP Address of the Miner
After you have already entered the router settings, you need to find your miner in the list of devices. Once you have done this, before and click on it, you will see a window asking you to enter your username and password.
Login Into Miner
Now you enter the operating system of the miner. If you don’t know your username or password, they are usually written in the installation instructions.
Create a Wallet
A special key keeps a record which indicates that coins in the network belong to a certain user. To work with it, you need to create a wallet in a special program. It is needed to store bitcoins obtained from mining.
After your wallet is created and secured, be sure to get a copy of your Bitcoin wallet address.
Setting up the Mining Pool
The probability of mining a block on your own in the Bitcoin network is minimal. That’s why miners use pools, finding the hash together. Choose a pool you like, go to the service website, register, and connect the miner.
Last Stage
In the Miner Configuration tab, you will need to specify the URL of the selected pool, username and password, if any.
It remains to press the Save and Apply button, and the mining will start
Conclusion
The payback time is quite fast, and then a passive income, which will please you every day. However, as you can see you have to be theoretically aware in order not to make any mistakes and choose for yourself only the best equipment.
Related article, Decentralized Web3 revolution