What is the prospect of Ethereum, the “second to Bitcoin”? How to become the “profit king” during the Ethereum bonus period?

Ethereum is called the 2.0 era of blockchain, and was even once thought to have the potential to surpass Bitcoin. Today we will look at Ethereum's investment prospects from its comparative advantages, and through detailed evaluation and research, deeply analyze the advantages and disadvantages of the two major types of Ethereum mining machines that are popular among investors.

Analysis of the main advantages of Ethereum

1. Support smart contracts and various decentralization.

Smart contracts are computer programs that automatically execute as long as the agreed conditions are met. This has a wide range of applications, and can prevent defaulters from doing bad things and greatly improve efficiency. Ethereum supports smart contracts, and users can define digital assets and circulation logic by themselves. Almost any calculation can be performed through the Ethereum virtual machine, while Bitcoin can only support Bitcoin transfers. This means that Ethereum can be used as a more general blockchain platform to support a variety of decentralized applications.

2. Make profits by burning coins.

The so-called burning of currency means that when using services on the Ethereum blockchain, computing resources need to be called to execute smart contracts. These nodes providing services are required to charge fees, and the fees they charge are Ethereum tokens. It is this method that allows program developers and investors to profit.

3. Faster "block" speed and more advanced reward mechanism

Currently, the average block time of Bitcoin is 10 minutes, while the block interval of Ethereum is 12 seconds. The mining reward for each block is 5 ethers, which means that Ethereum has a larger system throughput and a smaller transaction confirmation interval.

4. The Ethereum community is more active

Obviously, Ethereum is not satisfied with being a virtual currency like Bitcoin. Ethereum actively explores new technologies and continuously upgrades the system. Its related technology ecosystem is more complete. There are 147 projects on Ethereum's official GitHub, including not only clients in different languages, but also smart contract compilers, integrated development environments, etc.

Ethereum investment outlook overview

With the continuous development of technology, people's views on Bitcoin and blockchain are also changing. After the birth of Ethereum, some people said that Ethereum is a better blockchain platform than Bitcoin, and its actual commercial value should be better than Bitcoin. Recently, the price of Ethereum has continued to rise, once above $200, and many investors have begun to turn to Ethereum to seek more efficient and reliable returns.

In order to provide more detailed decision-making basis for friends who are about to or have already invested in Ethereum, the author searched for various types of Ethereum mining machines on the market and found that the Innosilicon A10 Pro, known as the "Ether King" in the industry, topped the entire small currency revenue list. Based on the experience of using this machine, the author will share with you today the feasibility of purchasing this machine, and conduct a comparative analysis of the evaluation of the Innosilicon A10 Pro customized GPU mining machine.

Feasibility analysis of purchasing the "Ether King" A10 Pro

1. Basic parameters and cost-benefit

The official basic parameters of A10 Pro are: computing power 500MH/s, power consumption 860W, 5G memory, weight 8.1KG, operating temperature 0°C to 40°C, size: (L) 362mm*(W) 136mm*(H) 285mm.

Taking the data on May 26 as an example, the currency price on that day was ￥1453, and the daily net income of A10 Pro was 53.32 yuan/unit, and the electricity cost accounted for only 13% (calculated based on the annual electricity cost of 0.35 yuan/kWh). According to industry insiders, even in the most extreme market conditions, the electricity cost of A10 Pro does not exceed 20%, making it the "income king". At the same time, due to the low electricity cost ratio of A10 Pro machines, low shutdown risk, strong adaptability to machine market conditions, and significantly higher cost-performance than similar products.

2. Product life cycle

The challenge currently faced by Ethereum miners lies mainly in the possible expansion of the algorithm. The A10 Pro is a new generation of 5G model launched to address this risk. It is an upgraded version of the A10 (4G). Users who hold the A10 (4G) can also contact the manufacturer for expansion and upgrade, and directly upgrade the machine to the A10 Pro (5G). This response mechanism effectively extends the life cycle of the machine.

Another challenge is the potential risk of Ethereum algorithm change, but I learned from sources that the basis for Ethereum algorithm change does not exist. In addition, regarding the rumor that Ethereum will implement POS mechanism, I think it is very difficult to change the mechanism. Even if there is such a possibility, it will still coexist with POW mechanism in the next 3-5 years and will not affect everyone's mining. At the same time, the algorithm change insurance service that A10 Pro manufacturer is about to launch can provide certain protection for everyone.

3. Payback period and residual value

Based on a daily income of 53.32 yuan and a retail price of 20,000 yuan, the payback period for a single A10 Pro is 375 days. The payback period for other custom GPU mining machines on the market is significantly higher, and the payback period for an 8-card graphics card mining machine is as high as 600 days (the payback period for an 8-card graphics card machine with a computing power of 240M, a power consumption of 1200W, and a price of 12,390 yuan is 653 days).

In terms of residual value, since the performance of A10 Pro is significantly ahead of other small-coin machines on the market, it has a higher value retention rate and a higher replacement threshold. However, graphics card machines usually become obsolete after 2-3 years, with fast product iterations and poor energy efficiency, and the residual value is not as high as expected.

In general, A10 Pro has high computing power, low energy consumption, low electricity cost, strong adaptability in bull and bear markets, and expandable algorithm chips. As long as Ethereum does not change its algorithm, it can theoretically be mined forever, and its value retention rate is high. Even if Ethereum changes its algorithm, manufacturers can provide risk protection. The title of the king of income is well-deserved. If miners plan to get involved in small currencies such as Ethereum, A10 Pro is still the most cost-effective choice.

Evaluation survey comparison analysis table

According to the author's understanding from various sources, Innosilicon is currently carrying out the A10 expansion and upgrade plan. Old users can upgrade their A10 (4G) to the A10 Pro with 5G memory to obtain stronger product performance and life cycle. However, only a small amount of the new generation 5G version of A10 Pro is being shipped, and the A10 Pro July futures are also in the pre-order stage. Interested miners can learn more about it for themselves.