Bitcoin Mining Hardware ASICs Bitcoin mining as a hobby can be fun and even profitable if you have cheap electricity and get the best and most efficient Bitcoin mining hardware. Bitcoin mining is competitive. Until recently, it’s not been ideal for the average person to mine since China’s cheap electricity has allowed it to dominate the mining market. But that has changed since China outlawed mining in their country. Even with this recent change, if you want bitcoins then you are better off buying bitcoins. *BuyBitcoinWorldwide.com averages prices from various online sources. Actual prices may vary depending on seller. Since it’s now impossible to profitably mine Bitcoin with a standard computer or laptop, you’ll need specialized hardware called ASICs. Originally, Bitcoin’s creator intended for Bitcoin to be mined on CPUs (like your laptop or desktop computer). However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits). Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”. Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity. There is Bitcoin mining hardware, which mines bitcoins. There are also Bitcoin hardware wallets like the Ledger Nano X, which secure bitcoins. Buying bitcoin with a debit card is the fastest way. To buy bitcoin in your country, check our country guides: …or visit our exchange finder if your country is not listed above. You can use our calculator below to check the mining hardware above. Input your expected electricity price and the hash rate of the miner for an estimate. The Bitcoin price and the total network hash rate are the two main factors that will affect your profitability. Our calculator is more accurate than most others because ours assumes the 0.4527678% daily increase in network hash rate. This has been the average daily increase over the past 6 months. Most other calculators do NOT include this metric which makes mining appear way more profitable than it actually is. Bitcoin mining is a booming industry, but the Bitcoin price increasing can help make up some of these losses. The Bitcoin price is increasing at an average of 1.039% per day over the past year. Try messing with the calculator using different prices. But you NEED to take a look at just how serious mining is. The video below offers an inside look at what was one of China’s largest mines. There are some important factors to look at when determining which Bitcoin mining ASIC to buy: Hash rate – How many hashes per second can the Bitcoin miner make? More hashes cost more, which is why efficiency is crucial. Efficiency – You’ll want to buy the most efficient bitcoin mining hardware possible. Right now, this is the Halong Mining Dragonmint T1. Since miners use a large amount of electricity, you want to buy one that converts the most amount of electricity into bitcoins. Price – How much does the bitcoin miner cost? Cheap mining hardware will mine less bitcoins, which is why efficiency and electricity usage are important. The fastest and more efficient mining hardware is going to cost more. Don’t try to buy a miner based on only price or only hash rate. The best ASIC miner is the most efficient bitcoin miner. Aim for value. You can also mine litecoin with Bitcoin mining machines, but its usually just best to buy litecoin from an exchange. If you’re a hobby miner who wants to buy a couple rigs for your house, eBay and Amazon both have some decent deals on mining hardware. Both new and used bitcoin mining rigs and ASICs are available on eBay. One may want to buy used ASIC mining hardware on eBay because you can get better prices. eBay’s customer protection ensures you’ll get a working product. Other bundled equipment may be included with your purchase depending on the seller. We recommend purchasing the Dragonmint or the Antminer S9. You can use a bitcoin mining profitability calculator to determine your estimated cost of return on your mining hardware. Dont forget to think about your tax obligation on the coins you buy or mine. There are some great tax software suites to make it easy! For instance, we have a great guide on how that software works to pay taxes on Coinbase buys. Be sure to take electricity costs into account. Most mining hardware appears profitable until electricity costs are accounted for. The best way to determine actual profitability is to figure out your electricity cost per hash. That is really what will make or break your operation. While good Bitcoin mining hardware needs to have a high hash rate, efficiency is just as important. An efficient Bitcoin miner means that you pay less in electricity costs per hash. To improve your efficiency, there are also companies that will let you order hardware from their warehouse and run the miners for you. You could also cloud mine bitcoins, though these deals are usually scams. Both options are also a lot less fun than running your hardware! Bitmain – Bitmain makes the AntMiner line of Bitcoin miners. Bitmain is based in Beijing, China and also operates a mining pool. MicroBT – MicroBT is another Chinese ASIC miner manufacturer, based out of Shenzhen. Their WhatsMiner series is a major competitor to Bitmain’s AntMiner line. Canaan – Canaan put the very first commercial Bitcoin ASIC miner to market. In addition to making Bitcoin mining machines, Canaan also has a suite of blockchain tools and business solutions. In addition to a Bitcoin mining ASIC, you’ll need some other Bitcoin mining equipment: Power Supply – Bitcoin rigs need special power supplies to funnel and use electricity efficiently. Cooling Fans – Bitcoin hardware can easily overheat and stop working. Buy a sufficient amount of cooling fans to keep your hardware working. Backup generators – You may want generators as a backup in case your main source of electricity goes down. You can find Bitcoin mining equipment for sale on eBay. It’s still technically possible to mine bitcoins without dedicated mining hardware. However, you’ll earn less than one penny per month. Mining bitcoins on your computer will do more damage to your computer and won’t earn a profit. So, it’s not worth it unless you’re just interested to see how the mining process works. You’re best bet is to buy dedicated hardware like the Antminer S19. Bitcoin is based on blockchain technology, a decentralized platform which takes power away from a central authority and gives it to the average person. Sensitive information is stored on the blockchain rather than large data centers, and is cryptographically secured. A vast amount of people, known as miners, all work together to validate the network, instead of just one person or government. In the beginning, CPUs were used to solve cryptographic hash functions, until miners discovered that GPUs were far better equipped for mining. As block difficulty increased, miners turned primarily to GPUs. Eventually, technology was developed solely for mining, known as ASICs, or Application Specific Integrated Circuits. Their hashrates are significantly higher than anything GPUs are capable of. With stellar performance comes a high price tag – the best ASIC chips will run you a few thousand dollars each. Upon creation, Bitcoin blocks were confirmed by the average person using their desktop – once ASICs hit the market, things changed. ASICs rendered GPUs useless. ASIC developers, including Bitmain, granted early access to large mining cartels rather than the average person. Thousands of ASICs all mine simultaneously in a mining farm (large warehouse). Evidently, most people can’t afford even one or two of ASICs so thousands of them would be out of the question. When ASICs hit the market, the blockchain’s validation process became more centralized as more and more hashing power was consolidated into a handful of mining companies, rather than being spread out amongst many miners. Unfortunately, Bitcoin is no longer as decentralized as it was once intended to be. Bitmain’s AntMiner S7 proved so popular since its release in mid-2015 that it reached 19 batches of production. Now, Bitmain has released a new series: the AntMiner S19. The S19 is the latest and greatest Bitcoin ASIC miner from Bitmain. It comes in three models: the Antminer T19, Antminer S19, and Antminer S19 Pro. The T19 puts out 84 TH/s, the S19 95 TH/s, while the S19 Pro boasts up to 110 TH/s of hashing power. Prices start at $2,118 for the T19 and run to $3,769 for the S19 Pro. The power supply units (PSUs) are included with the miners themselves, meaning you won’t need a separate piece of hardware. The S19 draws an average of 3250 Watts at a room temperature of 25^C / 77^F. Naturally, the hotter the environment, the more energy the fan(s) will consume to cool the unit. Setting up an S19 via the MinerLink GUI is a simple process, requiring only your mining pool credentials to begin mining. The units will automatically begin hashing upon powering up, which can be helpful in the event of power failure. S19 connectivity is via Ethernet only. The S19 series miners operate best within a temperature range of 5-40 degrees Celsius (40-105 Fahrenheit). Keeping the room in which they’re placed cool and dry will extend the life of these miners. A dry basement is an ideal location. Note: Before you buy an Antminer S19 make sure you already have Bitcoin mining software and a Bitcoin mining pool. The S19 is currently out of stock due to the high demand for this latest generation of ASIC miners. You can get a used one from anywhere from $6,000 to $8,500. As new models are released and commercial miners upgrade, you can expect the price of the S19 series to drop further. Mining difficulty on the Bitcoin network has been steadily rising at a rate of almost 0.5% per day. Combine that with the fact that the block reward was halved in May 2020, and you can see why there’s fierce competition between miners to successfully validate blocks and remain profitable. Let’s take a look at how profitable you can expect your mining to be using an AntMiner S19. We’ll use the most accurate Bitcoin mining calculator out there, which takes into account a number of dynamic variables (such as mining difficulty) to give the best idea of projected returns. We’re assuming an average household Power Cost of 12c per kWh, a Pool Fee of 2.5% (as charged by AntPool) and a Block Reward of 6.25 BTC per block mined: As you can see, the S19 is actually a great investment. You’ll almost recoup your entire initial investment in under a year - if paying full price for the S19 from Bitmain - and easily mine your way into the black if you get a discount on the hardware when purchasing. It might make more sense to invest money into buying Bitcoin directly or diverting some of your 401k money into a qualified Bitcoin IRA instead of buying mining hardware like the S19. There is of course the big brother to the S19, the S19 Pro! The S19 Pro boasts up to 110 TH/s of hashing power. The S19 Pro power supply is the same as the S19 Pro - 3250W of power, ± 5%. The S19 Pro generates an average of 81.4 dB while operating. Setup for the S19 Pro is the same as the S19. MinerLink GUI is easy, requiring only your mining pool credentials. The units will automatically begin hashing upon powering up, which can be helpful in the event of power failure. S19 Pro connectivity is also via Ethernet only. Temperature is the same as the S19 - between 5-40 degrees Celsius (40-105 Fahrenheit). Note: Before you buy an Antminer S19 make sure you already have Bitcoin mining software and a Bitcoin mining pool. The S19 Pro are also currently out of stock. However, used and second hand models can be had for between $8,000 and $10,000. Using all the same assumptions that we did for the S19, you can expect a nice profit around $2,000 a year. Difficulty has over 300X’d since then, climbing from 0.52 EH/s to the current record high of 158.4 EH/s. The S19 is one of the most advanced mining units on the market today. Bitmain has consistently been at the top of the game when it comes to ASIC miners. While supply is limited, and the relatively high initial may be a deterrent, if you have access to cheap electricity you really can’t do much better than the S19 series. The S19 strikes a good balance between power and affordability, while if money is no object the S19 Pro will churn you out an awesome 115 TH/s. The WhatsMiner M30S+ and M30S++ are Shenzhen-based MicroBT’s answer to the Bitmain AntMiner S19 and S19 Pro. The M30S++ puts out 112TH/s ±5%, pushing it a hair above the S19’s maximum output. Mining is not the fastest way to get bitcoins. Buying Bitcoin is. Buying bitcoin with a debit card is the fastest way, but we also recommend using a payment network like Skrill or Interac e-Transfer or use a bank transfer such as SEPA when available. To buy bitcoin in your country or state, check our guides! A few of our most popular are listed below! …or visit our exchange finder if your country is not listed above. The M30S+, whose 100 TH/s hashing power is comparable to the S19. Unfortunately, its no longer for sale on MicroBT’s site so you’ll need to get it second hand. Let’s take a look at how profitable you can expect your mining to be using a WhatsMiner M30S+. We’ll again use our Bitcoin mining calculator, which takes into account a number of dynamic variables (such as mining difficulty) to give the best idea of projected returns. We’re assuming an average household Power Cost of 12c per kWh and a Block Reward of 6.25 BTC per block mined: The WhatsMiner M30S+ consumes slightly more power than the AntMiner S19 series, and is slightly less efficient at turning electricity into Bitcoins. The M30S+ generates around 83.0 dB of noise while operating. The WhatsMiner M30S+ operates best between -5 and 35 degrees Celsius (23-95 Fahrenheit). This is a wider range than the AntMiner S19 series, and the lower temperatures it can operate at means you may see slightly improved efficiency. The M30S++ comes in at $3,250 on MicroBT’s online store, making it quite a bit cheaper than the S19 Pro. We’ll use the same assumptions here that we have with the other miners to keep things consistent. While you’ll spend nearly $3,600 per year on electricity, the WhatsMiner M30S++’s 112 TH/2 will make you a profit of $3,611 per year. This means that you’ll need to mine for a little under a year to recoup your initial investment. The M30S++ requires 3472W and runs at an efficiency of 38 J/TH. The WhatsMiner M30S++ again operates best between -5 and 35 degrees Celsius (23-95 Fahrenheit). The top-of-the-line M30S++ model’s 112 TH/s means it competes directly with the AntMiner S19 Pro. However, the M30S series models put out less hashing power than the AntMiner equivalents. They consume more power, and are a little less efficient at turning this into terahashes. Despite this, you get more hashing power per dollar invested with MicroBT’s WhatsMiner offerings. And AntMiners are incredibly sought-after by the biggest miners in the world, making it hard to get your hands on one. Overall, the WhatsMiner M30S series is a phenomenal Bitcoin miner, with hashing power rivalling the AntMiners. If you can get a good deal on a WhatsMiner M30S, use our calculator to see how long it will take you to make a profit in your investment. Canaan was the first company to produce commercial ASIC Bitcoin miners. Safe to say, they have some expertise in the field. So how does their latest offering - the AvalonMiner 1246, released in January 2021 - stack up to the competition? The AvalonMiner 1246 puts out 90 TH/s. This makes it comparable to the AntMiner S19 and the WhatsMiner M30S. It retails for around $5,500, making it quite a bit more expensive than the offerings from Bitmain and MicroBT. The Canaan AvalonMiner 1246 should make you a profit, providing you have access to electricity at or around the median price in the U.S. of $0.12/kWh. It’ll take you about two years of mining to make back your initial investment. Compared to the AvalonMiner 1146, the 1246’s energy efficiency has improved by 37%: from 52 J/TH to 38 J/TH. It generates a maximum of 75 dB while operating, making it noticeably quieter than either the WhatsMiner M30S or the AntMiner S19. The AvalonMiner 1246 operates best between -5 and 35 degrees Celsius (23-95 Fahrenheit). This is a wider range than the AntMiner S19 series, and equal to that of the WhatsMiner M30S. With Canaan, you know you’re getting a battle-tested product. That said, the AvalonMiner 1246 doesn’t offer the most terahashes per dollar spent. If you’re looking for the most hashing power, Bitmain’s S19 series and MicroBT’s M30S have it beat. Bitcoin’s Difficulty has recorded several strong and often consecutive monthly increases since its creation. The network has seen a massive increase in hashrate since the July 2016 halving. In the nearly five years since, total network hashrate has climbed more than 100-fold from ~1.5 EH/s (exahashes per second) to 168 EH/s. The current all-time-high occurred on February 8, 2020, when Bitcoin miners collectively contributed 175 EH/s of hashing power to the network. Such tremendous growth has been spurred by major investment into Bitcoin mining technology and operations. While such growth is impressive, making Bitcoin the world’s most powerful computing network by far, one unintended consequence of such rapid growth has been increased centralization. Profits have accumulated where mining is most profitable (China), with the result that several competing operations (eg. KNC) have been forced out of the industry. We have tried to calculate the amount of money that the Chinese have invested in mining, we estimate it to be in the hundreds of millions of dollars. Even with free electricity we cannot see how they will ever get this money back. Either they don’t know what they are doing, but that is not very likely at this scale or they have some secret advantage that we don’t know about. – Sam Cole, KNC CEO The same Chinese competitive advantage has been doubly effective at squeezing the profit-dependent hobbyist miner from the market. At this stage, most home or office miners aren’t hashing to earn money but rather to support the network, aid decentralization and possibly even to heat space. With the block reward halving looming, the profitability of all but the most efficient operations will likely be challenged. Profits derived from the current generation of mining hardware are dwindling and will likely reach negative returns when the next halving rolls around. CompassMining is what is known as a ‘colocation mining company’. Basically, regular people who can’t afford to start a mining farm or source dozens of ASIC miners can partner with a company like CompassMining. With Compass, you simply make an account and then go through a purchasing process. Then you’ll choose a hosting package at one of CompassMining’s many state of the art facilities. Each facility comes with its own power costs and security features. For instance, the Colorado, USA location requires biometric access for all personal. And then you checkout using card, bank wire, or (for a slight discount) crypto. If you want to pay via bank wire, choose Pay with Stripe and then choose Bank Wire from the pop-up. After you make your purchase, your hardware will be delivered to your specified hosting location where it will be installed and maintained by CompassMining staff. You will be able to monitor and control all of your mining activities from the comfort of your own home without any of the headache of running a mining farm by yourself. And best of all, you get to leverage CompassMining’s fantastic electricity prices without having to strike up a deal with a large power company on your own. In exchange, Compass makes money on the hosting fees and the hardware you buy through them. Mining bitcoins at home has almost become an impossible task these days. Not only are the devices expensive but they also generate a lot of heat and noise, not to mention the amount of electricity they consume. This makes it uncomfortable and almost impossible to make any profit! Unlike with the Antminer S9, S7, or Antminer S5, with Antminer R4, Bitmain is targeting the home Bitcoin miner market. It is a home Bitcoin miner that may actually turn a profit, unlike Bitcoin USB miners. Some of these problems mentioned above have been addressed and as a miner you can do it as a hobby while also making some money. This home Bitcoin miner is not only a good fit for hobby miners but also helps to improve the decentralization of Bitcoin mining as a whole. The more distributed the hash power, the stronger the Bitcoin network! Disclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Buy Bitcoin Worldwide is for educational purposes only. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisers, or hold any relevant distinction or title with respect to investing. Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading. Buy Bitcoin Worldwide does not offer legal advice. Any such advice should be sought independently of visiting Buy Bitcoin Worldwide. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Buy Bitcoin Worldwide receives compensation with respect to its referrals for out-bound crypto exchanges and crypto wallet websites. Wallabit Media LLC and/or its owner/writers own Bitcoin.3 Best Bitcoin Mining Hardware (2021 Updated) Switch to the dark mode thats kinder on your eyes at night time. Switch to the light mode thats kinder on your eyes at day time. by admin September 20, 2021, 7:41 pm 334 Views 2 Votes Initially, Bitcoin mining was a simple task even home computers could participate in. Today, mining is done by ultra-powerful computers that are designed for that sole purpose. In this post I’ll cover the best mining hardware available today. Nowadays, the only way to participate in Bitcoin mining is through dedicated miners known as ASIC miners. As mining evolves, more and more companies begin manufacturing dedicated hardware. That’s Bitcoin mining hardware in a nutshell. If you want a deeper understanding of how to choose your miner keep on reading. Here’s what I’ll cover: Before I get into the various miners on the market today, I want to make sure you’re familiar with what Bitcoin mining is. If you already know about the purpose of mining and how it integrates with the Bitcoin network, feel free to skip this part. If not, here’s our Bitcoin mining whiteboard video to get you up to speed: Mining has moved from being something you can do from the comfort of your own home to a specialized occupation that requires a lot of time and capital. Miners evolved from using PCs to GPUs (graphics processing unit) and later on to FPGAs (field-programmable gate array) before reaching their current state of ASIC (application-specific integrated circuit) mining. Today, if you try to mine with anything other than an ASIC miner, you’re in for a disappointment. ASICs are built specifically for Bitcoin mining and are therefore the most efficient type of miner out there. For reference, a single ASIC miner has the equivalent mining power of 700 GPUs. Therefor, the massive move of miners toward ASIC hardware is easily understandable. Clear evidence of this is the Bitcoin network total hashrate, which has exceeded the incredible milestone of 120 exahash per second (that’s 120,000,000,000,000,000,000 hash calculations per second!). Today’s focus is on creating smaller chips for ASIC mining in order to produce more powerful miners. The smaller the chip, the more chips you can put inside a miner, increasing its mining capabilities. The smallest chip introduced commercially to date is a 7 nm (nanometer) chip by Bitmain and their Antminer S17. However, 5 nm chips are expected to be introduced shortly by Bitmain and Canaan. When you want to evaluate a miner, there are usually three main factors you need to check: How much electricity does the miner consume? This is important since you’re going to run a huge electric bill if you mine Bitcoin. This is measured in watts, and the lower the number, the better. This is how much power the miner has to solve the mining math problem. It basically measures how many guesses the miner can make per second. While a personal computer can make a few million guesses per second, today’s ASICs can make 1*10^12 guesses per second. The higher you hashrate is, the better. While having a high hashrate is good, if you’re wasting a lot of energy to get it you’ll be losing money in the end. Efficiency is basically calculating how much power is required to generate a single bitcoin. An efficient miner requires less electricity to mine Bitcoin. Efficiency is calculated by dividing energy consumption with hashrate. This way you can effectively measure miners against one another. All of the above factors are important for calculating profitability, so make sure you have them all before proceeding. Once you have this information, you can insert it into a Bitcoin mining calculator and estimate how many bitcoins you’ll be able to mine per timeframe. Keep in mind that this calculation will never be 100% accurate since you can’t know for sure the exact difficulty measurement at the moment, or what will happen to Bitcoin’s price a week from today. The most well-known mining hardware manufacturer around, Bitmain was founded in 2013 in China and today has offices in several countries around the world. The company developed the Antminer, a series of ASIC miners dedicated to mining cryptocurrencies such as Bitcoin, Litecoin, and Dash. Bitmain is also in charge of two of the largest mining pools around: BTC.com and Antpool. While Bitmain is respected for its technical excellence and reliable delivery, the company is also criticized by many Bitcoin enthusiasts for a variety of reasons: It’s likely that the bulk of mining equipment today consists of Bitmain miners, based on analysis placing Bitmain’s share of the ASIC market at 70%–80%. However, since these controversial events and some setbacks and closures, Bitmain has adopted a less aggressive business strategy. It’s likely that the bulk of mining equipment today consists of Bitmain miners, based on analysis placing Bitmain’s share of the ASIC market at 60%–70%. MicroBT or Bit Micro is a relative newcomer to the space but a successful one; they sold 650,000 ASICs in 2019 and are shaping up to be a strong rival to Bitmain and Canaan. They are based in China, specifically the tech production hotspot of Shenzen. MicroBT manufactures the Whatsminer range of ASICs, and have so far produced 5 series in this range: the Whatsminer D1, M10, M20, M21, and the current generation M30. The company has certainly enjoyed a strong start, released some competitive products, and it will be exciting to follow their development. Canaan was founded in 2013 in Beijing by N.G. Zhang. Canaan began as a producer of FPGAs, the mining hardware that preceded ASICs. In November of 2019, Canaan raised a total of $90 million by listing on the Nasdaq, a tech-focused stock market in the USA. Canaan was the first ASIC manufacturer to list publicly. Canaan is the world’s second-largest ASIC producer. The company has a wealth of experience in electronic design and production.It’s clear that this veteran industry player has big plans for its future. Innosilicon is a hardware company with design teams in China and North America, Innosilicon pride themselves on providing low cost, high-performance, fully customizable solutions combined with award winning customer design support. Their IP can be found in millions of mobile, multimedia and consumer electronic devices such as: tablets, cell phones, HD set-top boxes, TV, cameras, network devices, computing ICs that have achieved leading market shares. The company has entered the cryptocurrency mining market and introduced the Terminator series for mining Bitcoin, with their latest miner being the T3+ Pro. *June 2020 update: Due to lack of profitability, GMO Internet has stopped producing mining hardware. Japanese giant GMO Internet has also introduced a line of Bitcoin miners. While GMO Internet is mainly engaged in the Internet infrastructure business, it also runs other businesses such as online advertising & media, Internet financial services, mobile entertainment, and of course cryptocurrency. The company has also launched several crypto exchanges and it runs a mining business and cloud mining contracts. Ebang mainly engages in R&D, manufacture and sales of fiber optical telecommunication products. The company is also one of the largest ASIC chip manufacturers in their region. Ebang miners carry the Ebit brand. On April 2020 Ebang filed for an IPO on the U.S stock market listing, so the company definitely has big plans for the future. Bitfury is a veteran Bitcoin hardware and software company formed back in 2011. The company conducts large-scale mining operations on its own and has been known to account for large amountsof the Bitcoin network hashrate. The company offers several products including an ASIC mining chip called Clarke, an enterprise grade Bitcoin mining server called Tardis and a portable Bitcoin mining data center called BlockBox. The company has data center operations in Iceland, the Republic of Georgia, Canada and Norway, which process and transmit bitcoin transactions. While you can find a wide variety of miners on the market, it’s highly recommended to use the latest models out there since they will give you the best return on investment. Here’s a short overview of the top miners around. The MicroBT M30s++ is billed as the “new hash king” on the company’s website. A bold claim but – at least at the current time – not untrue. Surprisingly, it uses 12 nanometer chips rather than the newer 7 nanometer chips seen in rival miners. It achieves an extraordinary 112 Th/s and is extremely efficient at 31 Joules / TH. Fighting for the title of best post-halving bitcoin mining hardware is the Antminer S19 Pro, from Bitmain – the ASICs veterans. The S19 Pro is a hashing monster that packs a 110 Th/s punch over a 3250W power consumption. With an almost identical price tag, it’s very hard to conclude which of the above 2 is better, at least on paper. The T19 range is the latest and greatest from Bitmain. Launched on the 1st of June 2020, this model was designed in an effort to find a middle ground between price tag and hashing power, mainly due to the slow sales of it’s bigger brother, the Antminer S19 PRO.The T19 delivers 84 TH/s with a power consumption of 3150W, making it a cheaper, less efficient alternative for it’s bigger brother, the S19 Pro. This 7nm miner deployed in March 2019 is Bitmain’s popular and proven miner. The miner can reach 68 Th/s, with a power consumption of around 2680 Watts. It is still able to compete with it’s newer adversaries – if acquired for the right price. I compared the leading miners against one another in our Bitcoin mining calculator. For electricity costs I used $0.67, which is the average industrial electrical rate in the US. For sake of comparison, the average consumer electricity price for the world is $0.12. This rate gives a better idea of how important low electricity costs are for profitable mining. Calculations are done according to June 2020 values. The Bitcoin price at the time of calculation was $9500 and the Difficulty was 15466098935555. For pool fees I used the standard 2% fee that can be found on most pools. The calculator date is post-halving, so profitability has declined substantially now that each block mined is only worth 6.25 BTC, down from the previous 12.5. I compared the results after 1 month of mining since mining stats such as Bitcoin price and difficulty change frequently, so using the same results for the course of a year would be unrealistic. As can be seen, “on paper” the S19 Pro shows an advantage over the whatsminer M30s++, with both giving away %63-%67 off their profits for electricity expenses. Both are coming off as profitable, even for consumer electricity rates of $0.10 per KWs, which is impossible to say for any of the competing miners available at the time of writing. For comparison, for the same mining time period, the Antminer T19 delivers less than a half of the profits of the stronger two miners, for almost the same electricity costs (even though it was released after them). It’s clear that when it comes to efficiency, the T19 is no match for the other miners on this comparison – but keep in mind that the examples above don’t include hardware costs. In order to get a clear profit calculation you have to factor that in (the mining calc has a field for that as well). The reason I don’t include prices in this article is because these miners tend to sell out pretty fast, and most of the time people buy them on second hand markets such as eBay or Amazon, so prices can vary a lot. For example, prices can vary so much that you may get your hands on a T19 for less than a half of the price of an S19 PRO or an M30s++. As you can imagine, this might put things in a different perspective. No you can’t. With the current Bitcoin Network hashrate it would take more than a lifetime to mine successfully using a personal computer. Only dedicated ASIC miners can mine Bitcoin. Prices new Bitcoin mining hardware usually revolve around $1000-$2000. On second hand markets, when supply is low (which is usually the case) you can find a premium factor of up to 5x. According to the rules of the Bitcoin halving the last Bitcoin will be mined somewhere around the year 2140. Yes. If you have a powerful ASIC miner and low electricity costs you can still be profitable with Bitcoin mining. However, since Bitcoin’s price and difficulty are constantly changing, it’s important to run detailed calculations before spending money on any miner. Using the Whatsminer M30s++ and a difficulty factor of 15,466,098,935,555 (June 2nd, 2020) you will be able to mine 0.00054466 Bitcoins in one day. As of June 2020 there are around 2.6 million bitcoins left to be mined. The Whatsminer M30s++ and the Antminer S19 Pro emerge as the best options to allow you to make profits over your mining operation – assuming your electrical bill is cheap enough. If Bitcoin rises in price again and mining becomes more profitable, more and more companies will start to manufacture Bitcoin mining hardware. Samsung is just one example for this. In turn, this would increase the supply and lower miner prices even more. Have you tried mining with any of these miners? Want to share your experience? 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The 12 Best Bitcoin Mining Hardware In 2021 Regardless of your direct experience in the crypto world, most of us have at least considered trading and investing in Bitcoin. What still remains new and rather unexplored though, is Bitcoin mining and what needs to be done to get started with it. Bitcoin mining can be a hobby or a profession. But in order to get started, one must have a full understanding of the requirements and criteria of Bitcoin mining. In this article, well learn all about Bitcoin mining and most importantly, what is the best Bitcoin mining hardware of 2021. Bitcoin mining is the process of verifying transactions by solving complex mathematical puzzles. The process is crucial for the addition of new coins and maintenance of the entire public ledger of Bitcoin, known as the blockchain. It is also used to control the problem of double-spending. Bitcoin miners receive rewards for discovering solutions to complex hash problems. Even though mining is a complicated process, it is greatly profitable. All you need is the right set of software and hardware settings to get started. Since its inception in 2009, there has been a drastic evolution in the way Bitcoin is mined. Initially, moderately powered CPUs could be used to mine Bitcoin from the comfort of your home. But as the Bitcoin network expanded, the process became more complicated, and miners had to move to powerful GPUs to keep up with the increasing demand. GPU had a drawback though—there was a constant need for a cooling system to prevent the device from being damaged from overheating. At present, an application-specific integrated circuit (ASIC) was created to compensate for the demand for high hashing power. The ASIC provides a high hash rate, which allows miners to mine faster and use much less electricity. ASIC hardware is now a go-to for every miner and heres what you should look for when setting up your ASIC for Bitcoin mining: The power required to generate a single bitcoin (BTC) is known as efficiency. The more efficient the bitcoin mining hardware is the less electricity itll consume. The higher the efficiency, the lower the power consumption of the hardware. The rate at which Bitcoin mining hardware can solve a complex mathematical puzzle is known as the hash rate. For instance, a PC can make close to a million guesses per second, and on the other hand, ASICs can make up to 1*10^12 guesses per second. The hardware that has a higher hash rate, means the miners can solve the next block in the blockchain faster. As a result, this type of hardware is more expensive than hardware with a lower hash rate. The price of Bitcoin mining machines depends on their efficiency, power consumption, and longevity. Cheap hardware will deliver less Bitcoin because of low efficiency and low profitability. So, the faster the mining machine, the higher the price tag itll have. All three factors are responsible for determining the profitability of ASIC mining hardware, so it is recommended to buy mining hardware by checking its hash rate, power consumption as well as price. Heres a list of the 12 best Bitcoin mining hardware in 2021: The Bitmain Antminer is an outstanding entry-level choice for miners as it has a combination of high efficiency and low power requirement. When compared to the latest ASIC models, Antminer S7 and S9, it might seem a little outdated, but its efficiency makes it a top choice among hobby Bitcoin miners and beginners level mining operations. Another model from the Bitmain AntMiner series is the S7 model. Even though it is not among the latest ASIC models, it has much lower power consumption in comparison to S5. When used with a robust power supply, it delivers reasonable profits. Although the one drawback is that the unit is dependent on ambient temperature. The AntMiner S7 is sensitive to temperatures warmer than 80°F and is suited for cooler climates. With custom-made heat sinks, high-grade aluminum alloy, high-speed fans, a user-friendly interface, and a high hashing rate, the Bitmain AntMiner S9 is an excellent choice for professional miners. The auto-cooling system of the Bitmain S9 gets rid of hot air and replaces it automatically. It also allows miners to adjust mining settings and update the firmware when required. Keeping its specifications in mind, it can easily be the best alternative to DraginMint T1, one of the best mining hardware in the market. The AntMiner S9 costs about $2,700 to $3,000, with its power supply unit being sold separately. With 110 TH/s of hashing power, the Bitmain AntMiner S19 Pro is a mining beast. It has a power supply of 3250W of power, ± 5%, and average power consumption of 81.4 dB when in operation. Like the AntMiner S7, the S19 Pro is also temperature sensitive and is most productive between 5° to 40°C. Dash, a cryptocurrency originally intended to be ASIC resistant, is most efficiently mined using the Bitmain AntMiner D3. This mining hardware has many added advantages over other mining devices. The Bitmain Antminer D3 has a hash rate of 19.3 GH/s and has an average power consumption of 1350W. One of the best mining hardware for Scrypt is the Bitmain L3+ that is designed around the Scrypt algorithm. The recent upgrade of the L3+ chipset to BM1485 has significantly improved the hash rate and the power draw of this mining hardware. Even with the enhanced system functionality, the cost-effectiveness of the L3+ makes it stand out among its tough competitors like Innosilicon LTCMaster. If youre a home miner or a hobby miner, the Avalon6 is an impressive and functional choice for you. The low noise and inexpensive power draw make it a good choice for home mining. Even though it has a lower hash rate, the low sound profile (55dB) is a great added bonus for the Avalon6 and is equipped with 80 18nm chips of A3218. The mining equipment also comes with frequency control that is especially used to regulate the frequency from the standard 500MHz. The AvalonMiner A1166 Pro is one of the best in the AvalonMiner series, owing to its hash rate power and power consumption. Even though its very expensive, the price is a steal for its power efficiency. The hardware delivers an 81TH/s hash rate and draws about 3.4kW of power. With a wider temperature range, AvalonMiner 1246 is a heavy-duty mining device. Its design comprises four integrated fans that generate about 75dB noise during operation. So its recommended to have a separate mining setup with soundproofing doors. Unlike other temperature-sensitive hardware, the AvalonMiner has a much wider range -5° and 35°C. It also has high efficiency of 38J/TH. If theres one mining machine that is undoubtedly ruling the Bitcoin mining scenario, its the Dragonmint T1. With the best chip design DM8575, the Dragonmint T1 is the first ASIC to reach a hash rate of 16 TH/s. The efficiency of the ASIC technology gives a push of 20% in its mining operation. WhatMiner M30S++ offers the highest rate of power that is available in the market. In addition, this Bitcoin mining hardware also draws much less power, which makes it one of the most effective ASIC miners offering 31 J/TH. It is designed with the latest Samsung 8nm ASIC chipset. If the price of Bitcoin stays at its current level, the WhatMiner M30S++ can give you an approximate return on your investment in about a year. WhatsMiner M3X is a great option for professional Bitcoin miners. The machine offers very high power consumption and has a very loud sound profile. The device delivers 12 to 13 TH/s and consumes about 1900W to 2100 W of power. It is powered by the 28nm ASIC chipset that demands 180-240V voltage to operate. Bitcoin is booming, and its popularity is only expected to grow over time. With this expanding ownership of Bitcoin, mining is also evolving and more companies are trying out mining hardware. From CPU to GPU, and now to ASIC, the steady evolution of mining hardware will only continue to add to Bitcoin’s profitability. ZenLedger easily calculates your crypto taxes and also finds opportunities for you to save money and trade smarter. Get started for free now or learn more about our tax professional prepared plans! Lets take a look at what a crypto savings account is, how they work, and the criteria you should be aware of before choosing the best crypto savings account for yourself. Keeping up with the ever-volatile value of cryptocurrency is not easy, but we can help! Here’s a list of the best crypto portfolio trackers that simplify managing your assets like never before! Learn all about 1031 Like-Kind Exchanges, why they matter in the crypto world, and what they mean for you. Simplifying DeFi and Cryptocurrency Taxes for Investors and Tax Professionals Copyright © 2021 ZenLedger10400 NE 4th St, Floor #5,Bellevue, WA 98004, USAHow to select Hardware for Mining Bitcoin? If you want to make some profits besides your main income, you can mine Bitcoins and understand what are the top Hardware in the market; this is the right guide. Bitcoin mining is used to verify that the transactions are carried out by following all the rules on the network. There are complex units of computers that verify such transactions, and then the same gets broadcasted at all such computers across the world. For carrying out this process, these miners are given rewards in the form of Bitcoin. These are also the fees that are being provided for carrying out the transactions. In order to verify that there is no cheating or fraudulent transactions carried out on the network, proof-of-work is being carried out. This is required to be done before a block of transactions gets added to the blockchain network. You can click on automated trading to gain crucial information about bitcoins. While this process is being carried out, the computers are actually are trying to estimate a long string that consists of numbers and alphabets. The long string is known as a hash. The computers that are able to guess the hash correctly are the ones that get added to the blockchain. This is an expensive process and will require huge computational energy, i.e., high-powered computers with a huge setup. In order to cheat this network, you need a huge amount of investment in technology required for someone that won’t prove to be a viable decision to be made financially. This is the most significant feature of the blockchain network that provides Bitcoin and altcoins security. In the initial days, a normal household computer and CPU could also be used for mining Bitcoins, but the vast number of computers that have started working on this process has increased the complexity of these hashes. This led to the foundation of the use of processors that are very high-powered, i.e., the GPUs. Currently, the miners are using only a few specific options to buy a variety of options. The choice of miner hardware will depend upon the specifications of an individual miner, the circumstances in which the miner is going to operate. You need to decide whether you are going to operate through a single unit by keeping it in your room, or you are a beginner and looking for a few affordable options. Some miners need to fill their warehouse with the ultimate best Hardware available in mining Bitcoins. There are several factors to be considered while buying Bitcoin mining hardware. What is the hashing power of the computer? What is the electricity consumption requirement of a specific system? Its temperature and what is its purchase cost? Other factors to be verified include what manufacturers do you prefer, their decentralization policies, and other such issues. There are a variety of most prominent manufactures of such mining hardware that top the list. The choice of various miners will depend upon their factors of considerations like- How much power are you willing to spend and pay for the hardware usage? Along with deciding which Hardware do you require; you also need to make an infirm decision with regard to which wallet you would own for storing your Bitcoins. There are different types of bitcoin wallets, and you need to choose the most suitable one. The significant factors for making a comparison between various mining hardware will include- their company, prices, hash rates, and power consumption. The prices of such Hardware are usually dependent on their durability, how efficient they are, and what is their computational power. The efficiency of Hardware is the time that is consumed by it for the conversion of power into Bitcoin. Hash rate is another important factor, i.e., if the hash rate of Hardware is higher, it means that it can more significantly solve a transaction. And therefore, it can be concluded that the higher is the hash rate of Hardware, the more expensive it will be. I am the admin of BR Softech PVT LTD - an Award-winning App, Game & Blockchain development company. My thesis is to work with hard-bit and get the best Exposure. I have driven by the spirit of entrepreneurship and dream to build a billion-dollar-company. BR Softech Pvt. Ltd. excels in providing cost-effective IT Solutions. Established in August 2010 with over 10+ years of rich experience. An Apex rated IT serving company around the world. Our team of innovative and creative designers deals in web designing, mobile/ software development and other digital marketing services intending to deliver outstanding digital outcomes. Subscribe BR Newsletter for trending blogs, tips, and latest photos. Let’s stay updated!The 7 Best Cryptocurrency Mining Hardware for 2021 Lost or forgotten your password? Please enter your email ddress. You will receive mail with link to set new password. Amid the global GPU shortage and expired import tariff exemptions, is it still worthwhile to get a Bitcoin mining machine? While this may depend on whether Bitcoin remains in the bullish territory or if your electricity cost is relatively cheap, it’s always prudent to take an overview of the market and figure out the best Bitcoin miners. When it comes to cryptocurrency mining profitability, it all comes down to balancing the initial cost of the Bitcoin mining machine, its power draw, and its hash rate. Once you have these figures, it’s easy to calculate your gains based on Bitcoin’s block reward and your electricity cost by using this mining calculator. With that in mind, let’s take a look at which ASIC miner has the optimal balance. Chinese Canaan Creative is a well-established player in the crypto mining arena. Some would say it is the first company to offer a dedicated ASIC Bitcoin mining machine since its first model in 2013. AvalonMiner 1246 is a heavy-duty mining machine, demonstrated by its four integrated fans, which ramp up to a very uncomfortable noise at 75dB. This is considered very loud traffic noise, so be prepared to have a dedicated mining space with noise isolation on the door. Nonetheless, it boasts high efficiency at 38J/TH. Additionally, it comes with a one year warranty and integrated AI microchip. As with most ASIC miners, due to high demand, you may find it difficult to find but first, take a look at the official manufacturer’s page. Almost equal hash rate power and power draw at twice less the price, AvalonMiner A1166 Pro is so highly sought after that it is even more difficult to acquire. This Bitcoin machine has a hash rate efficiency at 42J/TH, 4 higher than the AvalonMiner 1246. Although it still costs as much as a high-end PC, it’s a steal at that power efficiency. Unfortunately, it appears that Canaan cut some corners to make it this affordable, as it only comes with 180 days warranty. Also, if you are buying it directly from the manufacturer, you will have to get a minimum of 5 to get them shipped. All five would yield 405 TH/s, netting about $115 per day. It uses the same fans as the previous model, so expect the noise to be equally bothersome. One of the newcomers to the mining arena launched last year, this super-affordable Bitcoin mining machine uses Samsung’s 8nm chipset. Unfortunately, the latest doesn’t mean the most efficient, as you can tell from its power draw that is comparable to AvalonMiner 1246, but 30% less efficient. However, it is also 4 – 5 times less expensive than top of the line ASIC miners, so it’s a solid investment if you intend to have your RoI in less than four months. It offers 180 days warranty and comes bundled with a power supply unit. The M32 series comes in three versions, with the most expensive one yielding 66 TH/s. Another model from Chinese MicroBT, the M30S++, is a Bitcoin mining machine beast with the highest hash rate power available on the retail market. Surprisingly, its power draw is quite low, which means it is also one of the most efficient ASIC miners at 31 J/TH. However, with a price tag at a minimum of $10k, you need to be heavily committed to Bitcoin mining. With a moderately priced electricity cost, you can expect an ROI within 10 to 12 months, if the Bitcoin price doesn’t go under its current range ($55k – $57k). Having been released just last October, it too uses Samsung’s latest 8nm ASIC chipset. Going head-to-head with M30S++, this Bitmain ASIC miner offers 29.5 J/TH efficiency. Combined with a drastically improved boot time and user experience thanks to the updated firmware, it can be considered the best Bitcoin miner on the list. Unlike M30S++, it uses a 7nm TSMC chipset, much like the latest generation of non-mining AMD Ryzen CPUs. Unfortunately, at press time, it cannot be obtained from the manufacturer’s website due to supply chain issues, which seems to be a frequent occurrence. Chinese Ebang counts itself among top Bitcoin ASIC manufacturers. Its latest model comes in a classic, compact, tubular design with an efficient exhaust and intake fans on both sides. Its software setup is equally efficient with the “Simplify IP” setup to quickly commence Bitcoin mining directly via Ethernet. Covered by one year warranty (half a year for the whole machine, one for the controller), EBIT E11++ is built on a 10nm chipset. Due to its hash rate efficiency that greatly falls behind AvalonMiner A1166 Pro, it should be the last on your list, if nothing else is available. Released all the way back in 2014, this model still holds up, accounting for its low electricity consumption and hash rate efficiency at 0.51 J /GH. Likewise, it is extremely compact at only 2.5kg, while its cooling is greatly helped with an open top design. It is a perfect fit for those who live in smaller apartments, as it has a maximum noise level at 65 dB If you already have a formidable PC, you can try transforming it into a Bitcoin mining machine at no initial cost. Just as games have a minimum system requirement to be playable, Bitcoin mining has a minimum requirement in order to be profitable: If you want the best output all-in-one — workstation, uncompromised gaming, mining — for your next PC, try AMD Ryzen Threadripper 3970X. This would be considered a supercomputer not so long ago, thanks to its 32 cores and 64 threads. It also has a massive cache of 144MB and power draw at 280W. As far as cost-effective GPUs go for Bitcoin mining, Nvidia RTX 3070 seems to be the optimal choice, if you are lucky enough to even obtain it, let alone purchase it at its original MSRP of $400. At the current Bitcoin (BTC) price point of $55K, a single, medium-ranged Bitcoin mining machine with 50 TH/s would be able to mine 1 BTC within one year. As you can see, we have long passed the threshold where Bitcoin mining can be effectively done at such a small scale. Nonetheless, there is an alternative form of crypto mining in the form of cloud mining. For example, StormGain offers a cloud mining service with which you can mine up to 0.0318 BTC per day. This is a legit way of mining without suspicious malware being installed on your computer, or even having to have a mining rig. Otherwise, StormGain wouldn’t be a member of the Blockchain Association of the Financial Commission. In the early days of Bitcoin adoption, it was commonplace to employ commercial GPUs for cryptocurrency mining. While people still use that method in areas with cheap electricity, such an approach to Bitcoin mining has long outlived its cost-effectiveness. In fact, Bitcoin was originally coded to be mined by CPU power, not GPU. Only later did Bitcoin core developers decide to harness the greater hashing power of GPUs. Eventually, even they were outclassed by specialized hardware called ASIC miner, standing for Application Specific Integrated Circuits. Any serious Bitcoin mining farm now consists of ASICs. Otherwise, it couldn’t be profitable. Although not on the list because it has only been announced last month, it seems that Bitcoin mining machines from BitWats are poised to be the most profitable mining rigs. Out of three, the one with the lowest price, at $5,000, reportedly has 360 TH/s at 550W power consumption. If true, this could completely upturn the crypto mining business. In the meantime, either WhatsMiner M30S++ or Antminer S19 Pro are the most favored choices among Bitcoin miners. A single ASIC miner, such as AvalonMiner A1166 Pro, capable of about 81 TH/s, could make about $23 per day. Of course, this is excluding the cost of the unit and ongoing electricity costs. If you are not prepared to invest in an ASIC miner, outside of cloud mining with StormGain, you could also join a mining pool. Mining pools represent coordination with fellow miners, combining computing power to add a new block. Once the block is mined, the block reward is then shared among all the pool participants. As you would expect, most mining pools can be found in China, seconded by Malta, and then in the US. There are several mining pools to choose from: Note that the pool’s region is not relevant to the process, so that you could join a Chinese pool from the US. Also, keep in mind that mining pools are different from cloud mining; as for the former, you have to have a mining rig. Lastly, if some unknown Bitcoin cloud mining or pool mining website seems too good to be true, it’s likely a scam. The biggest such scheme was BitClub Network, when three fraudsters were arrested for pilfering $722 million worth in crypto assets. The common tactic is to promise a share in the hashing power for an initial investment. As befits a true Ponzi scheme, scammers would then also ask the investors to bring in new recruits for rewards. Rahuls cryptocurrency journey first began in 2014. With a postgraduate degree in finance, he was among the few that first recognized the sheer untapped potential of decentralized technologies. Since then, he has guided a number of startups to navigate the complex digital marketing and media outreach landscapes. His work has even influenced distinguished cryptocurrency exchanges and DeFi platforms worth millions of dollars. Join our Telegram Group and get trading signals, a free trading course and daily communication with crypto fans! Stay tuned with daily newsletters that make reading the news simple and enjoyable Market signals, studies and analysis! Join our Telegram Today! BIT Launchpad: Up To 3,500 FREE BIT. Dont Miss The Beat.