ASIC Miner Equipment

If you are owning an ASIC-miner (application-specific integrated circuit) you might be interested in getting some good equipment, accessories, attachments and spare parts. An ASIC-miner is a device that is designed for the sole purpose of mining cryptocurrency.

Cryptosupply.de has you covered for that.

On our website you will find Fans (6,5’’-6 Pin RUIZHAN, 6.5” 4-Pin RUIZHAN), Power Cord Plugs (Europe IEC320/C19, Europe CEE 7/7 C13) or Coolers (7,6”-Pin Whatsminer).

High quality equipment for your device can help you get better results and takes care of your precious miner. For example, the fans offer hassle-free installation and are compatible with a wide range of ASIC-miners.

If you do not want to take care about any of your devices at home, check out our ASIC-Miner hosting solution.

Short History of the ASIC Evolution

The story of ASIC started of course in 2009 when Bitcoin mining first started. In that time, you only needed a home computer as a hardware product to mine Bitcoin. They ran standard multicore CPUs (Central Processing Unit) and would mine BTC at a rate of 50 per block.

The demand for bitcoin miners increased drastically the more Bitcoin became popular over the years. The climax was reached in October 2010. This year, the code for mining Bitcoin with GPUs (Graphic Processing Unit) was introduced to the public. The problem here was, that it was still very hard for GPU users to scale hash rates. So the more powerful and efficient FPGAs (Field-programmable gate array) were released and mining really began to grow.

The adoption of ASIC (Application-specific Integrated Circuit) technology was developed very far by 2012. These miners were specifically made to mine cryptocurrencies and replacing big parts of FPGAs. Because the demand was so high, ASICs continued their progress and products kept improving, and they are indispensable for the Bitcoin mining industry.

Since 2013 Bitmain is the leader in the mining industry which is continuously growing.

That year Bitmain brought ASICs, which are designed to mine specific cryptocurrency to the public. In November 2013 the Antminer S1 is born. Bitmain released its own ASIC. It had a hash rate of 180 GH/s. Followed by the Antminer S2 with an increased hash rate of 1 TH/s. This growth and progress in power and energy-efficiency continued with the years. So the latest generation of ASIC miners is the Antminer S19 Series.

Mining Pools – How to Choose the Best One

What is a mining pool?
In a mining pool several miners combine their individual computational power, which helps to achieve the desired output faster and the chance is higher to discover e.g. bitcoins. It is recorded how much work each participant is doing, and then they split the reward among the various pool members afterwards. By joining a mining pool, your chances of getting rewarded with cryptocurrency are higher, but through the split the amount of it will be less. If you have a lot of computing power and multiple ASICs you might be alright going solo. But if you do not, you should definitely consider joining a mining pool.


How do I get paid in a pool?
As we know, an identification of the block leads to a reward, which is then shared based on the pool shares mechanism. Shares describe how much work each participant’s computer is contributing to the community. The shares are divided into accepted (work that gets rewarded because it was successful and helped to find a new coin bock) and rejected ones (not paid for, because work was not successful and helpful for the discovery of a blockchain). So accepted shares get rewarded by different methods: PPS (Pay-per share), PROP (Proportional), SMPPS (Shared Maximum Pay Per Share), ESMPPS (Equalized Shared Maximum Pay Per Share), DGM (Double Geometric Method), RSMPPS (Recent Shared Maximum Pay Per Share), CPPSRB (Capped Pay Per Share with Recent Backpay) and BPM (Bitcoin Pooled Mining).

How to pick a mining pool?
In the process of joining a mining pool you should check several things beforehand. How high are the fees? Are they higher than one percent? What reputation does the pool have in the community? Are there any reports? What are the details about the server location and uptime? Is the hash rate much higher than your personal hash power? How long are the servers online? How is the payout schedule organized? What payout schemes or designs are used (PPS, SMPPS, ESMPPS, etc.)? Make sure you do proper online research before you join a pool. Two mining pools that are recommended are Poolin- a very popular and efficient pool, that is available for desktop and apps- and Antpool, which is one of the biggest, securest and user-friendliest Bitcoin, Litecoin and Ethereum pools. You can choose between PPS and PPLNS. Both of them a worth having a closer look at.

Mining Cryptocurrencies

What does mining mean?
Simply said, mining means that you can earn e.g. bitcoins without paying actual cash money for it. That is it not free at all, we will find out later in this article.
Miners verify transactions and complete blocks (one block = one megabyte worth of bitcoin transactions), which are added to the blockchain. This is a very complex computual puzzle. By doing this, miners help to work against the “double-spending problem” (owners of cryptocurrency use their digital tokens twice) and ensure the validity of those transactions. They get rewarded by receiving cryptocurrency. But verifying one megabyte worth of transactions does not mean you will get any bitcoin for it, it just means you are eligible to earn cryptocurrency. You also have to be the first coin miner, who is solving this numeric puzzle or verify the most transactions, to get paid out. This process is called proof of work.

How to become a miner?
As mentioned before, becoming a miner is not for free. You will need to purchase several things:
First of all you need to set up a mining rig. This can either be a GPU (graphics processing unit) or an ASIC (application-specific integrated circuit). ASIC is a special mining hardware, which mines cryptocurrency very fast and does not use a lot of energy.
After owning a mining rig, you will need to set up a bitcoin wallet. To receive, manage, store and organize your cryptocurrency.
The next important step is to find other miners and start a cooperation. Those are called mining pools. Because the chances are very low, that you will receive any tokens on your own. Though you have a very powerful ASIC. You can find many mining pools to join online.
After those three steps you will need to install a software. Getting a mining programme for your computer is important to get connected to the Blockchain and the network.
With all of those things you can finally start mining and receiving cryptocurrency tokens.