The Bitmain Company makes the Bitmain Antminer G2 and it is customized to support the mining of multiple coins including Eth, Zcash, and XMR among several others. It has a speed of around 220Mh/s and power consumption of 1200W for ETH mining, mining on the Ethash algorithm. It is considered a pioneering machine with its eight AMD Radeon RX570 graphics cards. The G2 is actually a beast weighing 15kg. So, What is the Bitmain Antminer G2 profitability?
Behind the Bitmain company
Bitmain was founded in 2013 by Micree Zhan and Jihan Wu. Before founding Bitmain, Zhan ran DivaIP, a startup that allowed users to stream television to a computer screen via a set-top box, and Wu was a financial analyst and private equity fund manager.
By 2018, it was the world’s largest developer of application-specific integrated circuit (ASIC) chips for bitcoin mining. The company also operates BTC.com and Antpool, historically two of the largest mining pools for Bitcoin. To inflate Bitcoin Cash (BCH) prices, Antpool “burned” 12% of the BCH they mined by sending them to unrecoverable addresses. Bitmain was reportedly profitable in early 2018, with net income of $742.7 million in H1 2018 and negative operating cash flow. TechCrunch reported that unsold inventory rose to $1 billion in the second quarter of 2018. Bitmain’s first product was the Antminer S1, an ASIC bitcoin miner that produces 180 GH/s with a power consumption of 80-200 watts. Bitmain had 11 mining farms in China as of 2018.
Bitmain was involved in the fork of Bitcoin Cash in 2018, siding with Bitcoin Cash ABC alongside Roger Ver. In December 2018, the company laid off about half of its 3,000 employees. The company has since closed its offices in Israel and the Netherlands while significantly downsizing its mining operations in Texas. In February 2019, Bitmain had lost “roughly $500 million” in the third quarter of 2018. Bitmain issued a statement stating, “The rumors are not true and we will make announcements in due course.”
In June 2021, spot delivery of machine sales was suspended worldwide to support local prices following the Beijing crackdown.
Bitmain Antminer G2 profitability review
The Antminer G2 is fully compatible with Windows 10 and has Centos 7 loaded on the SSD. The Antminer was released in December 2017 and is considered a good choice for home miners. It comes with a strong noise level of 72 dB. Because of this, the G2 is considered a noisy mining machine compared to the others. It comes with 6 fans that regulate the temperature based on power consumption and hash rate. The efficiency of this device is 5.455 j/Mh.
The G2 comes highly recommended. You launch it the first time with a monitor, keyboard, and mouse to set up your remote credentials, secure, and get an IP. The G2 has a noise level of 72 dB with a 6 x 5 inch high CPM fan, which is 6 in number and is considered to be very noisy compared to other mining devices. They are said to run at very high speeds.
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Bitmain Antminer G2 GPU miner
The Claymoore Eth+ 9.7 came preinstalled, but with a quick download of v10, the device is up and running. Setting up Claymoore is very easy.
As a well-placed GPU rig, the Antminer G2 offers the convenience of an all-in-one package containing around 8 GPUS and a power supply. The wiring is very neat inside, leaving enough room for airflow. The AMD 570 4GB Mining Edition GPUs are shorter and lack fans with a large heatsink. The need for cables with additional power supply connectors accompanying them and the risers are eliminated by the backplane.
The backplane, along with a PCI-E cable for each GPU, is responsible for powering the slot. The backplane also houses the 2 USB ports and the VGA ports as well as the fan power of the rear 3 fans.
The Antminer G2 is also a great data center GPU miner with easy deployment and management. Its compatibility with Windows 10 and Linux OS creates a variety of configurations to run different algorithms. This is an excellent choice for home users, but they would have to change the fans to a higher CFM and lower DB as the G2 is noisy when all the fans are full.
Bitmain Antminer G2 profitability: Specifications
|Size||545 x 612 x 100mm|
|Processor||Inter Skylake-s G3900-LGA1151, PCH-B150|
|Memory||8GB UDIMM, DDR4 -2133|
|Operating system||CentOS 7.0|
|Temperature||0 – 40 °C|
|Humidity||5 – 95 %|
Bitmain Antminer G2 profitability: Power consumption of the Antminer G2
The power consumption of the Antminer G2 is 1200W. This is considered low power consumption compared to other miners on the market. The power consumption of this device has been designed to be low and not affect the efficiency of the device. The power consumption is also an added benefit for the miners as they have little to spend on electricity.
Bitmain Antminer G2 220Mh is a product of Bitmain Company, which was launched in 2017. The algorithm of this miner is EtHash, You can mine cryptocurrencies such as Ethereum Classic (ETC), and Ethereum (ETH) with Bitmain Antminer G2. It can mine with a hash rate of 220Mh / s and electrical power of 1200 watts.
ASIC Antminer G2 is like a small desktop computer; This means that it has an operating system (Linux CentOS 7.0), a VGA port processor for connecting a monitor, two USB ports for connecting a mouse, and keyboard, and a COM port. This device includes 8 AMD Radeon RX570 graphics cards with 4 GB of Intel (R) Skylake-s G3900-LGA1151 CPU.
By comparing the mining revenue, this device has been able to rank # 416 among all hardware and also # 256 among ASIC devices.