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Bitcoin is an internet protocol that enables the transfer of value over a communications channel like the Internet or radio. Bitcoin mining is how Bitcoin transactions are validated and confirmed by the Bitcoin network. Bitcoin miners create a new block by solving a proof of work problem that is chained through cryptographic proof to the previous block. A Bitcoin miner is a computer specifically designed to solve problems according to the proof of work algorithm. Currently, highly specialized chips called ASICs, Application Specific Integrated Circuits, are used as Bitcoin miners.
How To Mine Bitcoins Anyone can get a bitcoin miner and mine bitcoins by connecting to the Bitcoin network. Those with lower electricity costs have a competitive advantage. Are you ready to continue your quest? Receive all Bitcoinist news in Telegram! Avalon has a storied name in the Bitcoin ASIC Mining industry.
As one of the first companies to produce and ship ASIC gear, they had several models that were excellent sellers. Simple to use and powerful at the same time. Other manufacturers have stepped up in power and performance since those days. Underclocking is key especially when BTC value is lower and making a profit above electricity costs is paramount. The shipping gods were having a good day as the miner arrived safely. The shipping box securely protects the Avalon from damage and bouncing around too much while in transit. When opening the box, you will find the miner as well as the USB UART adapter and cables to plug into your choice of controller.
The Avalon 4 like the Antminer S5 runs on much less power than the previous gen miners. We used an EVGA 1300watt Supernova PSU for the review. Another nice feature of the Avalon is how quiet it runs. The miner tested at 42 dB at 4 feet on stock settings and only 48 dB on turbo settings. With the Antminer S4 and the SP20, they are much much louder making them not much of an option for inhabited rooms in your house.
Normally we talk about the ease of setting up the miner before the speed but in this case we saved it for last because of the underclocking that can be done with the Avalon 4. The image for the RPi is interesting in that it offers two ways to setup and use your miner. The default is the Avalon interface that is simple. It gives excellent graphs and real-time stats with a simple panel for the pool config and network setups. The RPi controller defaults to 192. With the advanced mode of the Avalon 4.
1, you will see a familiar interface to many miners. The skinned cgminer much like Bitmain uses. The Avalon in the pool selection screen has a simple selection for modes. Each one will give you different speeds easily without messing around.
The Eco setting makes it nearly 0. 1 we also pushed in overclocking and were able to reach 1. The power consumption hit in the 1170watt range. Still respectable but not earth shattering.
As always with overclocking and even underclocking do so at your own risk. 1 is a solidly built, excellently performing and feature rich Bitcoin ASIC miner. I recommend this miner for home use to large installations. The simple setup and feature rich control software is excellent.