How much power the Asic consumes

In a bear market, miners’ revenues are falling. Many users are unable to earn even enough to pay their bills and are forced to stop mining. Miners with low costs survive – cheap socket, optimized for minimum consumption by the farm. In the article we will tell you how much Asik consumes and how to reduce costs without reducing hashrate. Large miners move mining to colder regions with cheaper electricity. You can also strengthen the farm with modern components – power supply, hard disk, RAM – to save up to 50 kW per month.

How much electricity Asics consume

Electricity consumption depends on the type of miner. Old ASICs had an average power of 1.4-2.2 kW/s (Antminer S9i, Innosilicon A10Pro). Newer models consume 4-5.35 kWh (Antminer S19 Pro+Hyd, ASICminer 8 Nano Pro). Due to their high hash rate, they generate good revenue. Therefore, the payback period of new asics is shorter than their predecessors.

Calculation of consumption

Electricity costs can be calculated using a mining calculator (such as WhatToMine) or on your own. Here’s how to find out how much the Asic consumes:

1. Look in the specification to see the technical parameters of the asic (power consumption, mining algorithm).
2. Find out the cost of energy according to the tariff.
3. Multiply the electricity price by the power.

Consumption for the farm

To calculate the energy costs for a rig or a rack of asics, you need to multiply the consumption of one miner by the number of units. It is also necessary to take into account the consumption of components:

• PC, which manages the mining.
• Power supply unit.
• Cooling system.

Asics manufacturers and their comparison

Mining equipment is connected to the network around the clock. To calculate how much ASICs consume per month, you need to multiply the amount of energy by the tariff. For example, in 2022 in Moscow 1 kW costs 6.17 rubles, in St. Petersburg – 6.01, in Irkutsk – 1.42, in Chelyabinsk – 2.79.

The first asic was released by Butterfly Labs in 2013. In the next few years, many manufacturers sought to enter the market. The leader was Bitmain, which offered the most energy-efficient equipment.

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Modern manufacturers aim to reduce electricity consumption and at the same time increase hash rate. This combination reduces the payback of ASICs. Therefore, companies are investing in technology development. For example, 7 nm chips use 50% less power and occupy insignificant space on the board.

The table contains data on power consumption of popular ASIC models.

Warranty and availability of spare parts

At the beginning of an async’s life cycle, the most common failures are due to factory defects, and at the end, to natural wear and tear. The warranty protects against the first problem. The period depends on the manufacturer and usually does not exceed 3 months (Bitmain).

If the hash rate decreases at the end of the operation period (after a year of use), in some cases it is possible to extend the life of the equipment. Miners with technical skills and a soldering station replace faulty chips on their own. In the absence of proper training, you can contact a service center.

ASIC power consumption problems in mining

Mining cryptocurrencies is a costly business. Mining bitcoin in 2022 takes the amount of energy that a small country like the Netherlands requires. The power grids of a number of European and CIS countries are not designed for high loads. Therefore, governments have had to ban crypto mining or limit it to a few hours a day.

Shadow miners create problems in other countries as well. In Russia, energy consumption increased 1.5 times in 2022. In Irkutsk and the region, more than 1 thousand illegal farms have been identified. They also found 24 mining companies stealing electricity past the meter. Power engineers estimate the damage at 124 million rubles.

Illegal miners pay for electricity at low rates for the population or use the resources for free. Law enforcement agencies identify violators by high energy consumption and take them to court. However, it is not easy to prove the guilt of illegal miners.

Irkutskenergosbyt has won only 9 out of 85 lawsuits. The problem is that electricity suppliers have no authority to detect violators – it is not allowed to enter private territory without permission. Consumers, on the other hand, do not admit to using resources for business.

Irkutskenergosbyt believes that it is necessary to change the tariff schedule – to tie payment to the average amount of electricity per month. Other countries with popular mining have taken such measures. For example, in Belarus, cryptocurrency miners pay for energy with a surcharge coefficient. Kazakhstan is considering similar measures. In the Russian Federation, a new bill is being prepared to regulate crypto mining.

How to reduce the power consumption of Asicom

Large miners are moving their business to regions with cheaper power outlets and colder climates (Novosibirsk, Irkutsk, Chelyabinsk). This saves on external cooling (air conditioners, fans, immersion fluid). ASIC consumption can be reduced in other ways as well:

• Modernize the farm (replace outdated hardware). Developers release more energy-efficient models every year.
• Overclock the hardware. Users can change the voltage in the settings. It is necessary to find the minimum value, at which the hash rate will not suffer much.
• Install a two-tariff meter (day/night). This will significantly reduce electricity costs, since farms work around the clock.

Tips for choosing an Asic

The payback period of the technique depends on the hash rate, hosting and electricity costs. When choosing an ASIC, you need to consider other factors:

• The number of coins to be mined. Usually miners work according to a certain algorithm (Ethash, SHA-256). You need to assess the prospects of switching to another cryptocurrency, if the income on the main coin falls.
• Warranty. It is better to buy equipment from the manufacturer. If problems appear in the first 3-6 months of use, the miner can be exchanged or refunded.
• Availability of a service center. Downtime leads to losses. Therefore, it is better to choose asics of well-known brands that have service centers in many major cities.
• Cost. The lower the price of the technique, the better. This affects the payback period of ASIC.

Frequently Asked Questions

💳 In Russia there are penalties for high consumption of electricity in the apartment?

In 2022, it is only required to pay bills on time. The government is preparing a bill to ban mining in apartments whose electrical wiring is not designed for increased loads.

🔥 What should I pay attention to when buying a used asic?

It is necessary to check serial numbers on the board, measure hash rate, make sure that there is a service center in the city and chips can be bought in the store.

📢 How to minimize the downtime of the farm?

It is necessary to engage an uninterruptible power supply and a quality surge protector. Users should timely order spare parts to fix the equipment or give faulty devices to the service center.

⚡ How to upgrade the farm to reduce consumption?

If you install SSD hard disk, DDR4 class RAM, Gold category power supply, you can save 40-60 kW per month.

📌 How to calculate farm consumption in WhatToMine calculator?

You need to enter the equipment parameters and specify the price per kW.

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