FusionSilicon is a Chinese-based company established in 2017, specializing in the development and manufacturing of cryptocurrency mining equipment, with a particular focus on ASIC (Application-Specific Integrated Circuit) mining. This method is favored for its efficiency and profitability in mining cryptocurrencies such as Bitcoin.
The company offers a range of ASIC miners known for their high hash rates and energy efficiency. For instance, the FusionSilicon X1 Miner, introduced in January 2019, is tailored for mining cryptocurrencies using the Lyra2REv2 algorithm. It features a maximum hash rate of 12.96Gh/s and a power consumption of 1110W. Despite its technical prowess, the X1 Miner faces challenges in profitability, with calculations indicating a negative return on investment under standard electricity pricing scenarios.
Another notable product is the FusionSilicon X7 Miner, launched in March 2019. This model is geared towards mining cryptocurrencies that use the X11 algorithm, offering a maximum hash rate of 262Gh/s at a power consumption of 1420W. Similar to the X1, the X7 also struggles with profitability, showing negative returns under typical conditions.
While FusionSilicon provides a variety of efficient and technically advanced mining solutions, the profitability of these devices is significantly affected by external factors such as electricity costs and market conditions. This underlines the high-risk nature of cryptocurrency mining as an investment.