Bitcoin mining hardware is essential for mining, but not all of them are profitable anymore. In this article, you will learn if investing in rigs is still worth it.
Bitcoin mining hardware is an essential item when it comes to cryptocurrency mining. You are probably here because you are looking for one. If you do, then you are just on the right page. Reliable and efficient hardware is a must to make bitcoin mining profitable. In this article, we will explore the best options available on the market that also fits your requirement and budget. So let’s get started!
The right bitcoin mining hardware is a necessity if you want to earn during bitcoin mining. Before, miners used a central processing unit (CPU) to mine, but it wasn’t fast enough.
So, miners moved on to using graphical processing ununitsGPU) in computer graphics cards as they have data 50 to 100 times faster and consume less power per unit of work.
In 2011, the trend was field-programmable gate array (FPGA) processors that are attached to computers using a convenient USB connection. FPGA is much better than CPUs and GPUs in terms of power consumption. It also made concentrated mining farms possible.
Today, the new trend for bitcoin mining devices is Application-Specific Integrated Circuit (ASIC). ASIC has taken over the miners thanks to its unprecedented speed and less power consumption.
ASIC is dedicated to a specific task, so if it’s for mining, that’s the only job it can do. The good thing with this is that it can concentrate on that task and is excellent at what it does.
ASICs are designed solely to solve Bitcoin blocks. They only have minimal requirements for other normal computer applications which is why they can solve Bitcoin blocks faster and use lesser electricity compared to older bitcoin minders like CPUs, GPUs, and FPGAs.
Bitcoin ASIC technology keeps getting faster and more efficient to make mining more profitable. This machine keeps pushing the limit to give you the best bitcoin mining hardware experience.
When looking for the best bitcoin mining hardware, you should look at two factors: (1) price per hash and (2) electrical efficiency.
In the next section, we will review the top bitcoin mining hardware in the market today. So, check it out.
Halong Mining’s ASIC miner is one of the most impressive rigs today. This machine was made available for pre-order in November 2018 and was scheduled for shipment in March 2018.
So, yes, this is very new in the market, and you can expect it to be better than those which are in the market for over a year already.
DragonMint 16T also known as DragonMint T 16 or DragonMint T16is a great cryptocurrency mining hardware. It is efficient in terms of power consumption and overall effectiveness.
This bitcoin mining hardware uses SHA – 256 algorithms with a hash rate of 16 terra hash per second and power consumption of 1,480 W. It uses a DM8575 GHS chip that consumes around 0.075 J/GHS of power. It has a dual-fan and an Ethernet connection, too.
Halong Mining designed this bitcoin mining hardware with the users in mind. It is user-friendly which makes it convenient for new miners to use. Its manual is also comprehensible and easy to follow.
DragonMint T16 is only one of the few miners that can still give you positive ROI. In fact, this is way better compared to S9 in terms of efficiency, power consumption, and yes, profitability. That is why this bitcoin machine tops the chart.
Bitmain AntMiner S9 is one of the most popular ASIC bitcoin mining hardware today.
One of the most challenging parts of bitcoin mining is the continuous increase of bitcoin difficulty. It has gone through several monthly increases, especially from late November 2015.
As the difficulty increases, the block reward decreases due to Bitcoin halving which tends to happen every four years. The arrival of S9 bitcoin mining hardware is a game changer to hobbyists as it somehow restores the lost profitability.
With bitcoin mining becoming more challenging and less profitable, you have to invest in efficient mining hardware to get money from what you do. Although many say that BTC mining is no longer profitable, I still believe that there’s money in this if you have the right resources and S9 is among the best mining hardware in the market today.
Avalon 6 is among the most popular names in the bitcoin mining hardware market. This is cheaper compared to S7 when it was released and is lesser efficient. However, what it lacks, it makes up in another area. Avalon offers enough customization options.
Also, this is easy to set up. It uses Raspberry I (B/B+) or a TP-Link TL-WR703N as a controller which can maintain up to 50 miners. This also uses DHCP that automatically finds an I.P. address, making for an easy installation.
There is a mixed reaction to Avalon 6’s performance, especially in terms of the noise it produces. Others find this quieter compared to other bitcoin mining hardware. For them, it’s quiet enough to be inside your home but not in your bedroom. However, other users find this very noisy.
Avalon 6 is considered a serious rival to AntMiner S7. However, many find this more impressive even if S7 is more efficient.
In fact, using the bitcoin mining profit calculator, the results in the minus column aren’t too bad. A lower electricity cost or a higher Bitcoin price could easily nudge you into profit using this hardware.
AntMiner S7 is one of the most popular Antminer bitcoin mining hardware. A number prefer this because it is reasonably priced, efficient, and powerful. In addition, it is very easy to set up. AntMiner S7 was released in 2015 and a number testified that it mines like crazy. They were happy with it because it brought them profits. In 2016, some users experienced an average of 4.7-4.9TH/s hashrate and enjoyed 0.02377 BTC per 24 hrs. Very impressive, isn’t it? AntMiner S7 was nearly priced at $2000 shortly after release, but its price has gone down to $200 at the time of this writing. In fact, the used AntMiner S7 bitcoin miner is available on eBay for under $100.
While it’s great that its price has significantly dropped, according to many, Antminer S7 is no longer profitable. Bitcoin’s Difficulty has increased monthly, and the block reward has continued to halve every four years, which makes bitcoin mining more challenging.
At the time, S7 is not the best choice for those who want to earn tons of money from bitcoin mining in 2018. While it’s true that this is very efficient and effective when it arrived in the market three years ago, that is no longer applicable today.
AvalonMiner 741 is a solid and refined bitcoin mining hardware. It is made with a Reliable Open Quality with Airforming Cooling Technology. Avalon miners tend to be cost-effective. AvalonMner 741 can generate around 0.00308 BTC per day (about $7.31 with the current price of bitcoin to $4360) in those places of the world where the electricity cost tends to be zero. However, this is if electricity doesn’t represent a high cost.
One of the best things in getting AvalonMiner 741 is the ease of setup and usage. This device is easy to operate and more convenient to use.
To get this mining hardware started, you must download the firmware of the device. After that, you must plug in the controller and connect the cables to the Avalon 741 rig.
This mining hardware has a simple interface that makes it easy to operate and navigate, even for beginners. Canaan offers you a user-friendly interface with all the features necessary.
It also includes a set of LED lights that indicate the device’s status, whether it’s at Rest, working properly, overheating, or failing. The set of lights also includes the status of the miner’s connection to the controller.
This is also equipped with an Airform Cooling Technology to keep it cool during its operation. Avalon 741 comes with a powerful and punch-packed set of 88 chips, which only makes sense as this machine demands more cooling power.
Unfortunately, this is no longer profitable today. The profitability using Canaan AvalonMiner 741 has already dropped significantly. At the time of this writing, its profitability is -1.82. You will not earn anything from using this miner.
AntMiner V9 stands out when it comes to finding a bitcoin miner for home use. This machine is tranquil, which makes it perfect for those who want to mine at home.
V9 is as efficient as S9 because it uses Bitmain’s BM1387 chip built using TSMC’s 16nm FinFET technology.
The machine is paired with a unique cooling system that makes it much less noisy. Unlike most bitcoin miners, this is inspired by silent air conditioning units and doesn’t use the normal noisy fans computer servers usually have.
When this was released, the bitcoin difficulty level was fair enough that you can break even in 12 months. Unfortunately, just like most of the bitcoin miners on the list, this is no longer profitable.
Bitmain AntMiner S5 was released in late 2014. It’s one of the fastest and most efficient ASIC miners’ ways back. However, this has long been surpassed by Bitmain’s newer models. This is a good start for hobbyist miners on a budget with no interest in profitability.
AntMiner S5 was one of the best mining devices when it was still new in the market. However, this has become outdated as newer models are released.
Its real power consumption will differ depending on the efficiency of your PSU and the ambient temperature. You can increase its frequency (overclocking) to upgrade its hashrate. However, doing so also increases its power and cooling requirements.
The good thing is that there are ways to manage the overclocking burdens. It needs serious effort, but 400 GH/s gains are achievable.
Unfortunately, this has become outdated and is not as profitable as how it was before. In addition, it produces noise during the operation. You may have to replace its fan for a quieter kind. Another option is to add a second fan to the back end where screw holes exist.
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