Crypto Mining

There are two different ways to invest into cryptocurrency mining. On the one hand you have the private mining and on the other hand mining through a cloud. Each way of mining needs an e-wallet to save the generated cryptocurrency.

If you decide to go with private mining you will also need a specific software, which can perform the hash rate. It is pretty easy to install and set those up. You can also still use the CPU of your own private PC at home for mining cryptocurrency but looking at the economic factor of investing, it is not recommended. A way more efficient way – 100 times more efficient and seven times faster – is using ASICs (Application Specific Integrated Circuit). But even that does not always seem profitable if you compare it to mining through a cloud.

If you choose to go with mining through a cloud and save yourself the effort of doing it from your private home, you have the possibility to rent hash rates from a cloud mining service. Meanwhile there are existing thousands of different services and providers that sometimes even run whole mining farms. You can sign up for different cryptocurrencies directly through their websites. The costs vary a lot, depending on the service.

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.

Reasons Bitcoin Mining is Profitable in 2021

Things like changing news and trends about cryptocurrencies and so many new currencies and platforms appearing on the market might make you wonder whether bitcoin mining is still profitable in 2021.

Here are some reason why we think it is:

1. Though it was literally a rollercoaster the last couple of years, Bitcoin is still the most stable, valuable, biggest and most popular decentralized cryptocurrency.

2. Mining equipment is more easily obtained.

3. Simple example: If you mined just one Bitcoin block in 2010, and you held onto it in your wallet, you would have had $450,000 worth of Bitcoin in 2020.

4. You can use web-based profitability calculators to check the cost-benefit equation.

5. In 2021 Bitcoin is still growing, and it is easy to observe the upward trend. Important fact here: it is becoming a trillion-dollar asset this year.

6. The ability as an individual of joining mining pools is a good reason too if you are worried about how to compete against mining mega centres, and it can put your personal profitability in reach.

ASIC-Miner Explained

What is an ASIC miner?
ASIC miners are a piece of equipment or computing systems that are built for mining cryptocurrency only. ASIC stands for Application-specific integrated circuit. Each device is designed and made to mine a new specific coin and particular algorithm. That means, a Bitcoin ASIC miner can only mine BTC, a Litecoin ASIC miner only interfaces with the LTC blockchain etc. Several coins that use the same algorithm can all be mined by using a single ASIC miner.
In other words, each cryptocurrency has its own cryptographic hash algorithm and ASIC miners are made to mine while using that specific algorithm. So Bitcoin ASIC miners are actually designed to calculate the SHA-256 hash algorithm. In the case of Litecoin, it uses Scrypt.

Is it worth it?
ASIC mining seems to be the preferred method for the mining of cryptocurrencies because of its speed and efficiency in running complicated calculations to solve mathematical puzzles and finding a specific number. Owning an ASIC miner gives you a great chance of earning cryptocurrency. And the faster your hardware, the more coins you can earn.
When it comes to mining cryptocurrencies with an ASIC miner, it is very important that the cryptocurrency you mine is worth more than what you spend on hardware and electricity. Those amounts can be closer than you might think because mining cryptocurrency can be expensive. So try to do the calculation beforehand, just to be sure it is worth it for you.


Why ASIC miners?
When choosing your mining hardware, getting a more efficient system is very important. Other hardware options could be graphic card or CPU mining systems. Those depend on components designed to perform more than just one task. ASIC miners in comparison are made to perform the calculations required by a specific cryptographic hash algorithm used by an individual. Because of this single focus, they’re way more efficient, powerful (while offering a high hash rate) and energy-efficient. They use far less power than a mining rig for the same task. This combination of performance and low-power usage makes them incredibly more economical to run than more general-purpose hardware. So you should definitely consider purchasing an ASIC miner. If you need more inspiration and information, check out the website cryptosupply.de.

How to Keep Bitcoin Mining Safe?

If you decide to start bitcoin mining, you should be aware that it can come with several security risks. To be successful with mining cryptocurrency, you really need a lot of computing power because the numeric puzzles became so difficult to solve. This can be a risk. It became a thing to compromise public Wi-Fi networks to access other user’s devices. But not just public Wi-Fi networks can be a security risk. Also, millions of websites were compromised in the past. This is called cryptocurrency mining encounter or cryptojacking. Around 50 out of every 100,000 devices were a victim of that. If your device is affected by cryptojacking, it will be way slower than usual, your utility costs will increase heavily, and the chances are high that your device can overheat and literally just be destroyed through that.

So, what can you do to keep your device safe? The best thing to protect your data and device is to avoid public Wi-Fi networks in general. In addition, use a VPN-software (virtual private network), which gives you a secure connection to the internet and keeps third parties away from your data. You should also think about getting an additional comprehensive security software and a managed spam filter service to protect your device and be safe from spam-e-mails that link you to dangerous websites. Those phishing techniques used by the attackers can make you click links that load cryptocurrency mining codes on your computer. Try to learn about illegal crypto mining and develop a general security awareness. This is the foundation for a well-functional prevention.

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.

How to Choose the Best Bitcoin Mining Hardware?

The market is full of advertisement for Bitcoin Mining Hardware, so it can be very hard to decide what is the best choice for you.

In the following, we want to help out and will introduce you to our Top 5.

1. Canaan AvalonMiner 1166 Pro

  • 78 TH/s (+/-3%) (under the power of 3.400 W (+/-8%))
  • Running algorithm: SHA-256

2. BITMAIN Antminer S19J Pro  + PSU

  • 110 TH/s (+/- 10%) (under the power of 3.250 W (+/- 10%))
  • Running algorithm: SHA-256

3. BITMAIN Antminer S19 + PSU

  • 95 TH/s (+/- 10%) (under the power of 3.250 W (+/- 10%)
  • Running algoriyhm: SHA-256

4. MicroBT Whatsminer M31S [76TH/s]

  • 80 TH/s (+/- 10%) (under the power of 3.360 W (+/- 10%)
  • Running algorithm: SHA-256

5. Canaan AvalonMiner 1246

  • 87 TH/s (+/- 3%) under the power of 3420 W (+/-8%)
  • Running algorithm: SHA-256

We hope you will find the best Bitcoin Mining Hardware that will suit your needs perfectly. If you need any more information, visit cryptosupply.de!

Ethereum – a Programmable Cryptocurrency

Ethereum introduction

Ethereum is – like bitcoin – a public blockchain and the second largest cryptocurrency. This technology makes it possible to transfer digital money without banks or other financial providers.

It is based on the bitcoin innovation and technology, but there are big differences between those two. The biggest difference is, that Ethereum is programmable. So you can not only use it for your payments, but it also powers and provides a building environment for developers and tech teams to establish blockchain applications. Those applications are called DApps. Many people are interested in investing into it because it seems to constantly develop and improve.

Ethereum Mining

Mining is the process of producing a block of transactions to be added to the Ethereum blockchain. If you end up investing in Ethereum you will need a crypto exchange to protect it and hardware wallets to store your assets. In the following we will introduce you to some miners that are worth taking a look at:

Innosilicon A10 Pro+ makes it possible to mine different cryptocurrency coins. Though it is best known for Ethereum at 720mh/s. It has a power consumption of 1300 Watt and all machines include associated power supply. Its memory size is 7 GB VRAM.

Innosilicon A11 Pro is an Ethereum miner with a hashrate of 2000 MH/s and a memory size of 8 GB VRAM and includes a power supply.

Innosilicon A10 Pro+ is similar to the other two above but has a hashrate of 720 MH/s and a memory size of 6 GB VRAM.

About Bitcoin

Bitcoin is a digital or virtual currency. Mostly called cryptocurrency.

It can be used to purchase products and services and do financial transactions. Bitcoins are protected and stored in digital wallets (mobile apps on smartphones or computer programs).

If you send or receive bitcoins, it is recorded in a public list, the blockchain.

Bitcoin Mining
Furthermore there is the possibility to do bitcoin mining. In this scenario it is possible to earn cryptocurrency without paying money for it. Bitcoin miners receive Bitcoin as a reward for completing “blocks” of verified transactions which are added to the blockchain. In other words, it is the process of creating new bitcoin by solving a computational puzzle, which is so complex that it is performed by high-powered computers.

Mining Hardware
We want to introduce you to some mining hardware.
A well known ASIC (application-specific integrated circuit) -which means, it is a device that is designed for the sole purpose of mining and constructed to mine one specific cryptocurrency- the hardware series is Antminer, which is highly recommended for mining cryptocurrencies. It is well known in the blockchain community. Interesting products:


• BITMAIN Antminer S19 Pro
• CANAAN AvalonMiner 1246


Miner Hosting
When you host your servers, you basically use the colocation center to host your ASIC miners. You can send your miners to our centres, and we will set them up, and get them working. We also take care of the maintenance.

Find out more here.