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It quickly became clear that mining was going to become a serious and promising industry. Mining equipment has certain specificity, and manufacturers of hardware picked up the trend quickly. Many companies engaged only in mining equipment have already firmly established themselves in the market.
Manufacturers of Specialized Equipment
Perhaps, the most famous manufacturer of mining equipment is Bitmain. This Chinese company is quite young (founded in 2013), but has already managed to go from a small startup to a market leader. According to various estimates, at the end of 2018, Bitmain controlled from 75% to 85% of the ASIC miners market.
The most popular Antminer S9 miner is their invention. In terms of hash rate and power consumption, this is the best choice, but it cannot be called the most affordable Bitmain. This line is updated quite often, but many miners are in no hurry to upgrade their equipment, guided by the “if it works — do not touch it” principle.
Like Bitmain, Canaan Creative is young (it has been running since 2013) and was based in China. Its creator has developed chips designed specifically for mining. The first ASIC was produced precisely at Canaan Creative.
At the end of 2018, Canaan Creative, according to experts, occupied about 15% of the ASIC miners market. Its flagship line includes the miners of the Avalon series: one of the most popular is the AvalonMiner 821, and just recently the new AvalonMiner A10 flagship was announced. The company is famous for the stability of its equipment. Canaan Creative went even further than Bitmain and introduced the world’s first Bitcoin TV.
The full name of this company is Zhejiang Ebang Communication Co., Ltd. but outside of China, it is known simply as Ebang. Ebang has been on the market for nine years, it was founded in 2010, but earlier the company was engaged in the production of telecom equipment. In the mining market, a lot of companies have already forced to be reckoned with Ebang: the Ebit Miner E11 series is extremely competitive. These miners consume a lot of electricity, but they pay off because of a high hash rate.
All mentioned manufacturers make ASIC for bitcoin. Linzhi is a Chinese company, which was founded last year and set itself a more ambitious task: to create an ASIC for the broadcast. This is how a miner working with the ProgPoW algorithm appeared.
Unfortunately, experts agree that ASIC for the broadcast is not noteworthy: having risen at some point, the hash rate collapsed again, and the effectiveness of the devices themselves was at the level of video cards, which, unlike ASIC, can be sold or used for other needs. And the company itself has not the strongest reputation and a great name, and with some difficulties, customers may have serious problems.