04 Jul 2018 Jane Whitmoore
Decred Mining – “The New Black” in Crypto Mining
The coin was performing well during the global crypto market steep decline, attracting the attention of the crypto mining network.
Equipment organizations have developed and are offering on the market dedicated ASIC mining rigs designed explicitly for Decred mining. Contrary to the majority of coins which utilize a single consensus system, Decred utilizes a crossover of the Proof-of-Work (PoW) and Proof-of-Stake (PoS) instruments.
Aiming to meet the demand, Obelisk released a custom 28nm ASIC Decred mining rig, called DCR1. The ASIC has a hash rate of 1200 Gh/s and has a power utilization of under 500 W.
As a response to the mining equipment producers, the Decred system's hash rate increased from 5,000 Th/s to 12,000 Th/s in just two weeks’ time. With all of the mining rigs attached to the pool, the current hash rate is at around 16.3 k Th/s. These intense ASICs will probably put the majority of the utilized GPU mining pools to a useless scenario.
The cost of the ASICs varies from $1 to around $10,000. The Ibelink DSM6T, for instance, went on sale on June 30, 2018, will cost $9,999. On the other price range end, the Obelisk DCR1 can be bought for $1,999.
Those miners who wish to set up a Decred mining rig need to consider the underlying cost for a ground-breaking ASIC mining machine, as well as general variables: the hash rate speed of the rig, network transaction validation difficulty, electricity consumption and cost. While the costly ASICs have a higher hash rate, the ideal opportunity for the degree of profitability will remain around the same, except the hazard factor.