Mining ASICs market has been a difficult one to attack since its inception. Mining, in the beginning, was done using CPUs and GPUs, that yielded enough gains to make a profit of it at its initial stages. But then difficulty began to spike, and while bitcoin mining was massifying, the game changed. The CPUs weren’t enough to make significant gains from mining. This gave rise to the need for designing and manufacturing machines designed specifically to mine cryptocurrencies; a need that was well understood by a Chinese company: Bitmain. Bitmain designed the first ASICs (Application Specific Integrated Controller) and filled the market need, iterating over the years and improving it designs until the point that it became a powerful company with a monopoly in the mining market.
Specs and analysis
Halong Mining rises as an alternative to the powerful monopoly that Bitmain has exerted in the cryptocurrency mining ASICs market, promising an economic and powerful alternative to the machines offered by its only competitor. And, by the look of the things, it has achieved some of it with its first attempt: the DragonMint T1.
The DragonMint T1 specs in the paper are good: it has a hash power of 16TH, an Ethernet port, and dual fan 9 blade variable 4560rpm, with the controller in the top of the unit and the ASICs inside an aluminum box, just like the AntMiner s9. This design, as shown below, has now turned into an industry standard.
The aging Antminer S9 from Bitmain has a hash rate of 14TH, a little less than the DragonMint T1. it should all come down to prices and availability. The DragonMint T1 has been out of stock for a while now, and the units bought are beginning to be delivered as we speak. This is real hardware from a real company. The Anminer S9 availability has been hit or miss, with the miner being out of stock regularly.
Now, the in the price department, the Halong miner also gets the edge, being almost 300 dollars cheaper than its counterpart.
There is a new king in the Bitcoin miner market, and that is the Halong DragonMint T1. It is cheaper and more powerful than its nearest competitor, the Antminer S9. But the main benefit of this miner is the fierce competition that its launch could give birth to. Prices in this market have been fixated by Bitmain in an arbitrary way; now, if Halong gets its stuff right, and ramps up production to achieve a good grade of availability, a price war could take place. As always, the user is benefited with the competition.