What coins does the g2 miner mine (g-series mining)?
The g2 miner mines what coins? The g2 miner has high computing power but low eff
The g2 miner mines what coins? The g2 miner has high computing power but low efficiency. By understanding the G2/ETH mining algorithm, we can understand that there is a significant difference between the price of g2/ETH and the market value of Bitcoin, with the main reasons being:(1) The Bitcoin network consumes approximately 0.015 Bitcoins per kilowatt-hour;(2) Due to the proof-of-work (POW) consensus mechanism, the price of Bitcoin fluctuates over time. Therefore, it is widely believed that the Bitcoin price will be maintained at over $100,000 in the market, indicating that miners have started to purchase Bitcoin in large quantities;(3) The network difficulty and block rewards of Bitcoin are constantly decreasing, so many investors choose to wait.
G-series Mining
According to reports and official news, the g-series mining has currently been launched on the testnet. It is said that g-series mining will be launched in batches after May 1, 2020. According to the official Grin website, as of the end of June, there were about 200 clients participating in the project’s validation work.
As of the time of writing, over 600,000 Antminer S17Pro and over 3 million Whatsminer M30s mining nodes have been successfully deployed on the Bitcoin network. Furthermore, according to the previously announced computing power rankings, Antminer L3+ and L3++ versions have also been upgraded and improved.
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