Recently two major manufacturers of mining hardware, Baikal and Bitmain, announced the release of ASIC for the CryptoNight algorithm.
Until today, the CryptoNight algorithm has been mined using CPU, GPU and of course with the help of browser mining.
Baikal presented ASIC Giant. Two days later Bitmain announced the sale of Antminer X3, which are sold individually and will be delivered from the warehouse in May 2018.
Characteristics and prices:
Baikal Giant N produces 20 Kh/s. Energy consumption is 60 watts. The cost is $ 3600.
Bitmain Antminer X3 produces 220 Kh/s. Energy consumption is 550 Watts. The cost is $ 12,000.
Popular video cards, most effective on the CryptoNight algorithm, the AMD Radeon Vega produce 2 Kh/s. The cost of the farm from 10 cards is about 7000 $.
The analogy with browser mining
Drawing the analogies and comparing the ASIC mining capacities and browser mining capacities, we see the following results:
Antminer X3 220 kh/s = 8 800 visitors online (on condition extremely overloading site’s visitors)
Baikal Giant N 20 kh/s = 800 visitors online
AMD Radeon Vega 2kh / s = 80 visitors online
Risks for ASIC
Both ASIC hardware can really mine Monero (the most popular coin on the CryptoNight algorithm), but it probably will not continue for a long time. As proof, we can call to mind the February post of the Monero development team, which clearly expressed their position: they resist the ASIC-miners in the network.
Moreover, the team wants to avoid even thinking about creating such a hardware. They will hold forks with a little modification of the algorithm according to the schedule – twice a year.
The nearest changes are planned in April. In theory, ASIC can stop Monero mining even tomorrow, unlike the browser-based online mining. The Mineralt team is ready for any modifications of the algorithm.