Dogecoin

Alephium

Factor

Bitcoin

<ul>
 <li>ALPH, the native token of Alephium, utilizes a cutting-edge mining method that requires only one-eighth the energy of Bitcoin.</li>
 <li>Recent ASIC miners for ALPH demonstrate higher profitability compared to Bitcoin and Dogecoin, making it an attractive option for miners.</li>
</ul>
The cryptocurrency landscape is continuously evolving, and the introduction of ALPH, the native token of the Alephium network, marks a significant shift toward energy-efficient mining practices. Recent reports highlight that Alephium has released three application-specific integrated circuits (ASICs) designed for ALPH mining, which are proving to be more profitable than their <a href="https://www.ethnews.com/bitcoin-as-a-key-factor-in-the-2024-us-elections/" rel="noopener noreferrer nofollow">Bitcoin</a> (BTC) and Dogecoin (DOGE) counterparts. This technological advancement not only enhances profitability for miners but also addresses growing concerns over energy consumption in the blockchain space.
According to data from Whattomine, the newly launched mining rigs—Bitmain Antminer AL1 PRO, Bitmain Antminer AL1, and Iceriver AL3—generate net daily incomes of $25, $23, and $22, respectively. In contrast, the leading Bitcoin mining rigs, such as the Bitmain Antminer S21E XP Hyd 3U, yield only $12 per day after operational costs. This stark difference underscores ALPH’s potential to attract miners looking to maximize their returns in a challenging environment, especially given the reported decline in <a href="https://www.ethnews.com/underground-bitcoin-mining-operation-discovered-in-dagestan-what-authorities-are-doing-about-it/" rel="noopener noreferrer nofollow">Bitcoin mining</a> profitability for four consecutive months leading into October 2024.
One key advantage of ALPH mining lies in its operational efficiency. The newly developed ASICs are designed to maintain low daily operational costs, not exceeding $9, which significantly boosts net profits. For instance, while the Antminer AL1 PRO can yield up to $34 daily, after costs, miners can retain around $25, making it a financially compelling choice.
The efficiency of the Alephium network is further underscored by its consensus mechanism, known as Proof of Less Work (PoLW). This innovative approach dramatically reduces energy consumption—Alephium reportedly uses only one-eighth the energy of <a href="https://www.ethnews.com/analyzing-bitcoins-current-correction-cycle/" rel="noopener noreferrer nofollow">Bitcoin</a> under comparable conditions. PoLW achieves this by dynamically adjusting the workload for miners based on real-time transaction demand and network status, unlike traditional Proof of Work (PoW) systems, which require consistent high computational power for each block.
This adaptability leads to lower operational costs and less environmental impact, a crucial consideration for modern cryptocurrency operations.
Moreover, Alephium employs the Blake3 hashing algorithm, which is not only faster but also more efficient than the SHA-256 algorithm used by <a href="https://www.ethnews.com/bitcoin-price-rallies-amid-etf-inflows-nearing-record-1b-per-day/" rel="noopener noreferrer nofollow">Bitcoin</a>. Blake3’s architecture allows for faster hash calculations and higher throughput while maintaining cryptographic security, making it particularly advantageous for ASIC miners. In practical terms, Blake3 can execute hash calculations up to 14 times quicker than SHA-256, showcasing a significant leap in mining performance.
The combination of PoLW and Blake3 enables ALPH mining rigs to achieve superior performance and energy optimization, leading to increased profitability with reduced computational complexity. As the demand for sustainable cryptocurrency mining solutions grows, ALPH stands out as a pioneering model that balances profitability and environmental responsibility, heralding a new era for miners in the cryptocurrency sector.
<div class="cryptoboxes" id="mcw-12344" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-chartcoin="BTC" data-chartcurrency="USD" data-chartrate="1.000268" data-charttype="chart" data-chartview="day" data-charttheme="light" data-chartsmooth="true" data-chartareacolor="" data-chartbgcolor=""></div>
</div>
&nbsp;
Weiterlesen: <a href="https://www.ethnews.com/bitcoin-as-a-key-factor-in-the-2024-us-elections/" rel="noopener noreferrer nofollow">Bitcoin as a Key Factor in the 2024 US Elections</a>
The post <a href="https://www.ethnews.com/revolutionizing-cryptocurrency-alph-mining-consumes-only-one-eighth-the-energy-of-bitcoin/" rel="noopener noreferrer nofollow">Revolutionizing Cryptocurrency: ALPH Mining Consumes Only One-Eighth the Energy of Bitcoin</a> appeared first on <a href="https://www.ethnews.com" rel="noopener noreferrer nofollow">ETHNews</a>.

Revolutionizing Cryptocurrency: ALPH Mining Consumes Only One-Eighth the Energy of Bitcoin

ETHNews

Other articles published on Nov 5, 2024

Price Predictions: Will Near Protocol 100x Before The End Of 2024 Or Will Bullish Crypto Dating P...

Hong Kong Expands Tax Incentives to Include Virtual Assets, Targeting Institutional Investors

Michigan State pension fund accumulates Grayscale’s ETH ETFs

Market Uncertainty Shapes Bitcoin Whale Behavior During Election Week

Are Solana and SUI’s Gains Overshadowed by 200K Users Flocking to Altcoin’s X1 Miner?

Institutions Stacking Memecoins Ahead of SHIB and DOGE Pumps

Join our free newsletter for daily crypto updates!