On April 7, 2020, a Copenhagen (Denmark) headquartered technology company dedicated to developing next-generation hardware for cryptocurrency mining BitHull has launched two new Field Programmable Gate Array (FPGA) inspired crypto miners that promise ‘unprecedented profitability’.
The two miners are BH Miner ($4,500 per unit) and BH Miners Box ($20,000 per box that consists of 6 BH Miner units) and are said to return high profits while consuming less power. The firm seeks to solve the issue of power consumption that has been cited as a major drawback for mining.
According to BitHull, the two miners come with the capability to mine cryptocurrencies like Bitcoin, Litecoin, Ethereum, and Monero.
The BH Miner has a power consumption of 550W while BH Miners Box combines six BH Miner units linked to each other.
The BH miners are suitable for use at home since they generate low noise. Unlike other miners, FPGA inspired devices require less energy to operate and generate a bigger hash rate power. This explains the profitability of BH miners.
Profitability and hash rate
The BH Miner comes with a hash rate of 360 TH/s, 60 GH/s, 15 GH/s, and 3 MH/s for Bitcoin, Litecoin, Ethereum, and Monero respectively. On the other hand, the BH Miners Box hash rate stands at 2160 TH/s, 360 GH/s, 90 GH/s, and 18 MH/s for Bitcoin, Litecoin, Ethereum, and Monero respectively.
According to BitHull, the BH Miner Box attracts a monthly profit of $7,951.95 for Bitcoin while Litecoin gives returns of $18.64k. Elsewhere, Ethereum’s profit stands at $25.78k while Monero is $29.06k.
BH Miner tech specs:
- Algorithm Multi-Algorithm
- CHIP FPGA
- Networking connection mode
- RJ45 Ethernet and Wireless
- PSU Integrated
- Power consumption 550W
- Power Socket 110V-240V
- 2-year warranty included
BitHull S.A vice President Matias Milet points out that the two miners are good for beginners as well as experts.
Based on the data provided by BitHull, the power costs would be $285 per month and based on the cost of $0.12/kWh. It is worth noting that just like other miners, the profitability and coin price changes alongside mining difficulty will automatically impact the profits.