Leading mining hardware manufacturer Bitmain has recently unveiled its latest mining rig: the Antminer R4. This machine aims to bring bitcoin mining back to the home. Available for purchase on August 29, Bitmain claims the launch will make the R4 the world’s most efficient bitcoin mining chip in the consumer market.
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Bitmain’s ‘Groundbreaking’ Antminer R4 to Bring Mining Back to Hobbyists
Bitcoin mining for the home has been obsolete for a few years now.
Between 2010 until roughly 2013, home mining was a big thing, until rising difficulty and costs made it largely unaffordable to run mining equipment on a small scale.
To keep pace with growing difficulty, miners like Artforz built large GPU mining farms, which made up a sizable portion of the network’s hashrate. Then, as time passed, Application-Specific Integrated Circuits (ASIC) hit the market and proliferated throughout the bitcoin mining world. Industrial miners, taking advantage of their economies of scale, bought ASIC miners in droves, making difficulty rise to the point where home mining became too expensive to be worthwhile.
However, Bitmain believes the new Antminer R4, with its 16nm chips,
Read more ... source: TheBitcoinNews
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