The ALPH cryptocurrency, token native to the Alephium first layer network, it has three mining equipment that exceeds the profitability of those used for Bitcoin (BTC) and Dogecoin (DOGE) mining.
In August and October 2024, three mining equipment (ASICs, application-specific integrated circuits) of the token ALPH they generate higher daily profits compared to the current most profitable devices used in Bitcoin mining.
According to data from Whattominethe Bitmain Antminer AL1 PRO, Bitmain Antminer AL1 and the Iceriver AL3, designed to mine ALPH, produce net income of $25, $23, and $22 daily, respectively.
While, Bitmain Antminer S21E XP Hyd 3U, Bitmain Antminer S21 XP Hydro, Bitmain Antminer S21 Hydro, the three mining equipment most profitable Bitcoin They produce net profits of 12, 8 and 2 dollars a day respectively.
Another interesting fact in this sense is that these figures already include the estimated deduction of daily operating costs. In the three cases of the teams referred to ALPH, It does not exceed 9 dollars a day in expenses.
That is, according to the data, for example, the Bitmain Antminer AL1 PRO will generate almost 34 dollars a day, of which 25 dollars will end up in the wallets of the miners after deducting costs. This would indicate operationally cheaper mining than Bitcoin.
Using the most recent and powerful Bitcoin mining equipment as an example, the Bitmain Antminer S21E XP Hyd 3U, it gets almost $40 a day. After removing the expenses necessary for its operation, the miner who uses it will receive 12 dollars, according to Whattomine estimates.
Thus, these equipment present an alternative option for miners seeking to maximize profits in a complex environment, in which, for example, as CriptoNoticias reported, the profitability of Bitcoin mining fell in October 2024 for the fourth consecutive month.
Additionally, the mining equipment intended for ALPH is also currently more profitable than that of Dogecoin, Kaspa (KAS), Litecoin (LTC), Bitcoin Fractal (FB) and Ethereum Classic (ETC).
How does ALPH mining work?
According to their docs, given the same network conditions, Alephium employs “1/8 the energy compared to Bitcoin.”
The working mechanism Proof of Less Work (PoLW, Proof of Least Work) and the Blake3 cryptographic algorithm are technologies that seek to optimize efficiency and sustainability in ALPH mining.
PoLW It is an alternative consensus mechanism to the traditional one Proof of Work (PoW, Proof of Work, used in BTC), which seeks to reduce energy consumption and make validation more efficient of transactions on the network.
Instead of requiring a high level of processing power for each block, PoLW dynamically adjusts the level of work needed for miners based on transaction demand and network state.
This means that, in times of low demand, miners do not need to perform such complex calculations, reducing energy consumption and operating costs.
The teams ASIC designed for low ALPH PoLW they may, therefore, be more accessible in terms of electricity consumption and generate a higher level of income for each unit of energy used compared to ASICs of Bitcoin.
Blake 3, more efficient than SHA-256?
Blake3 It is an algorithm hash which aims to be faster and more efficient than SHA-256 algorithms (used in Bitcoin) and others. Your goal is obtain large volumes of hashes at high speed “without sacrificing cryptographic security.” Of course, this Blake3 consensus algorithm does not yet have widespread adoption, as SHA-256 does, proving that due to its longevity it is more reliable and has undergone greater scrutiny.
While Blake3 is especially efficient in terms of CPU and GPU usage, allowing the mining process to be faster and consume less energy, its structure can be adapted to the implementation of ASICs.
When applied to ALPH mining, Blake3 would allow teams ASIC optimized for this algorithm run calculations hash more efficiently and quickly, which implies lower energy costs and better use of the hardware compared to the ASICs that use SHA-256 to mine Bitcoin.
Blake3 is based on a binary tree structure (merkle tree), allowing unlimited parallelism in the calculation of the hash. This design would facilitate the simultaneous processing of multiple blocks of data, making the most of computer resources. hardware modern.
For example, Blake3 would be 14 times faster than SHA-256 when calculating hashes for large volumes of data. This speed and energy efficiency make this algorithm ideal for applications requiring fast processing and secure large amounts of data.
In summary, ALPH mining with PoLW and Blake3 can be carried out with equipment that offers efficient performance, energy optimization and lower computational complexity.
