SUMMARY
Fractal Bitcoin (FB) mining leverages cutting-edge ASIC hardware, which offers high performance, efficiency, and reliability. With features like merged mining and the innovative Cadence Mining mechanism, FB allows miners to optimize their rewards while maintaining compatibility with Bitcoin (BTC) WhatsMiner M63S
Why Choose ASIC Miners for Fractal Bitcoin Mining?
ASIC miners (Application-Specific Integrated Circuit) are specialized hardware designed for specific tasks, with the following key advantages:
Long-Term Investment
ASIC miners are optimized for specific mining algorithms, offering high performance and low power consumption, making them ideal for long-term investment in the mining industry.
Superior Hashrate
ASIC miners have much higher hash rates compared to GPUs and CPUs, enabling faster block calculations. This advantage is especially crucial in a constantly increasing network hashrate environment.
Stability and Reliability
Due to their specialized design, ASIC miners tend to be more stable and reliable, capable of running efficiently over long periods and minimizing downtime and hardware failures.
Key Parameters to Consider When Choosing ASIC Miners
Hashrate
Hashrate is a critical performance metric for miners, measured in Hash/s (hashes per second). As the overall network hashrate continues to rise, mining difficulty increases, and only miners with high hashrates will remain profitable.
- Current PEP Network Hashrate: 2763.02PH/s
- Mining Difficulty: 28.95G
High-hashrate miners are essential to cope with the current mining environment.
Power Consumption
Power consumption directly affects mining costs. When choosing an ASIC miner, consider:
- Whether you have enough electrical resources to support high-power miners.
- Whether electricity prices are low enough, as electricity cost is a significant part of mining expenses.
For example, regions where electricity costs less than $0.05 per kWh are more suitable for ASIC miners, as higher electricity prices could erode profitability and extend the payback period.
Cooling Performance
Due to continuous high-intensity operation, good cooling performance is vital. Many ASIC miners use air-cooling systems, but ambient temperature can still impact performance:
- In hot climates, miners may overheat and stop working, causing losses in mining revenue.
- If operating in high-temperature environments, additional cooling systems (like air conditioning) may be needed to maintain stable performance.
Why Choose a Mining Pool?
More Stable Earnings
Mining pools aggregate the hash power of many miners to work together on solving blocks. Rewards are then distributed proportionally based on each miner’s contribution, reducing the income fluctuations associated with block reward randomness.
Lower Mining Difficulty
Solo mining can be highly difficult, but mining pools divide the workload, lowering the barrier to entry for individual miners.
Convenient Management
Mining pools usually provide comprehensive monitoring and management tools, allowing miners to easily track their earnings and equipment status.
Differences Between Pool Mining and Solo Mining
Pool Mining
- Advantages: Lower difficulty, more stable earnings; ideal for miners with lower hash power.
- Disadvantages: Pool fees and rewards are split according to pool rules.
Solo Mining
- Advantages: No pool fees; miners keep 100% of the block rewards.
- Disadvantages: High hash power requirements, unstable earnings, and long periods without rewards.
How to Mine Fractal Bitcoin?
1.Choose Mining Hardware
Select mining hardware compatible with Fractal Bitcoin’s fractal response algorithm. ASIC miners optimized for BTC are generally efficient for FB mining as well.
2.Download Mining Software
Use dedicated mining software that supports FB, such as:
- CGMiner
- BFGMiner
3.Cadence Mining Mechanism
Fractal introduces an innovative mining structure called Cadence Miningmerged mining
- Permissionless Mining: Any miner can participate without prior approval.
- Combined with Merged Mining: Miners can secure both networks using the same equipment.
- Higher Earning Opportunities: Cadence Mining enables miners to increase their income without significant additional energy consumption while simultaneously strengthening the Fractal network’s security.
4.Join a Mining Pool
To increase the chances of earning rewards, consider joining a dedicated FB mining pool or a dual mining pool that supports BTC and FB under the Cadence Mining structure.
5.Set Up a Wallet
Create a Fractal Bitcoin wallet to securely store your mining rewards. Both hardware and software wallets support FB.
6.Start Mining
Configure your mining equipment and software, connect to a mining pool, and enable the Cadence Mining mode. Solve fractal-based cryptographic puzzles to receive FB rewards.
Recommended Miners & Purchasing Guide
1.Why Choose the WhatsMiner M63S
| Manufacturer | MicroBT |
|---|---|
| Model | WhatsMiner M63S |
| Release | Nov 2023 |
| Size | 483 x 663 x 86mm |
| Weight | 27500g |
| Noise level | 50db |
| Cooling | Hydro |
| Power | 7215W |
| Voltage | AC380~480V |
| Interface | Ethernet |
| Temperature | 5 – 40 °C |
| Humidity | 10 – 90 % |
2.Profitability
- Price: The 390Th/s version is priced around $6,146
- Daily Earnings: Assuming an electricity cost of $0.04 per kWh, the daily earnings for the 390Th/s version would be approximately $18.47 (actual earnings may vary and should be checked on the Asic Miners Daily profit and price list).
3.Payback Period
The payback period for the M63S miner is estimated to be around 300-350 days, depending on electricity costs, coin prices, and mining difficulty. By utilizing merged mining, the M63S miner allows miners to earn rewards from multiple cryptocurrencies simultaneously, reducing reliance on a single asset. This approach mitigates risks while maximizing profitability and operational efficiency. Mining Fractal Bitcoin combines advanced technology with sustainable strategies, making it an attractive opportunity for both new and experienced miners. The integration of ASIC miners, mining pools, and the Cadence Mining mechanism ensures profitability and network security. As FB grows, its focus on scalability and efficiency will likely drive widespread adoption, solidifying its role as a pioneering blockchain solution.
