Mining Bitcoin and other cryptocurrencies have a lot of profit potential. Having said that, various factors need to be taken into consideration when performing the gratifying job of Bitcoin mining. An important aspect of mining is the hardware, which many individuals and companies use to get faster results. The three key factors to be considered when getting crypto mining hardware or equipment are the upfront charges, hash rate, and energy consumption. If ignored, they can easily offset the profit one would make by mining.
Different Types of Bitcoin Mining Hardware
In order to ensure that you do not miss out on the profit, here is a list of seven amazing mining hardware you can go for this year.
#1. Halong Mining DragonMint T1
With a phenomenal hash rate of around 16 TH for every second, Halong Mining DragonMint T1 is a great choice. At 1480 Watts of energy consumption, this mining hardware gives a Gigahash ratio of 0.075 Joules for every Gigahash, making it extremely efficient and powerful equipment for mining Bitcoin. Considering the high demand for the product, DragonMint T1 is a bit steeply priced at $2,729. For areas that have electricity costs on the lower side, the magnificent power and capability of this device can easily counter the high price you will be paying at the time of purchase.
#2. MicroBT M30s++
Popularised as the ‘new hash king’ on the website of the company, MicroBT M30s++ is leaving no stone unturned in challenging the supremacy of Bitmain. Crowing it as the best in business may raise the eyebrows of some professional Bitcoin miners, but there is no doubt about the quality of this mean machine. Using 12-nanometre size chips, this hardware operates at 3250 watts of power and provides phenomenal efficiency.
Priced at around $300, Avalon6 is an extremely affordable choice when compared to DragonMint T1. The other great advantage of using this hardware is the setup process, convenient, and easy to follow. In terms of efficiency, it is on the lower side, with 3.5 TH/sec has the hash rate and energy consumption of approximately 1050 watts, which is also on the higher side. Again, equipment best suited for areas with economical electricity rates, Avalon6 can prove to be economically unviable, otherwise. For those who have just stepped into Bitcoin mining, Avalon6 will be the right choice, as the aim will be to understand how hardware works, rather than striking gold from day one.
#4. Bitmain Antminer S9i
There are many popular Bitcoin mining hardware in the world, but few have managed to achieve the name and status, Antminer S9 has in the past few years. The incredibly high demand eventually led to the hardware getting sold out on the website of Bitmain. Luckily, another model was released, Antminer S9i, to cope up with the demand and the best part is its economically viable pricing, at $499. With 14 TH/sec as the hash rate, S9i, also a decent consumption of electricity – 1320 watts, making it highly efficient and desirable hardware for mining Bitcoins.
For people operating in the intermediate stages of Bitcoin mining, the brilliant combination of high efficiency and lesser upfront price makes Antminer S9i a suitable option for areas that may have energy charges on the cheaper side.
#5. Bitmain Antminer S7
A great low budget option, Bitmain Antmier S7, is nicely priced at $200. At such low costs, it’s not fair to expect a high level of efficiency from this hardware. What you get with Antminer S7 is a hash rate of 4.73 TH/second and 1293 watts of energy consumption, which is indeed high. You may be able to book profits using this device if the price of Bitcoin goes up and have this device running on cheap found electricity.
#6. Pangolin Whatsminer M3X
Out of all the machines in this list of top Bitcoin mining hardware, Pangolin Whatsminer M3X consumes the maximum energy, a staggering 2050 watts. Working at a phenomenal rate, this hardware has a 12.5 TH/second hash rate, providing great mining power. In comparison to other powerful hardware and equipment, M3X is on the affordable side, priced around $1000. This helps in significantly offsetting the electricity charges, resulting in decent earnings. Even if your electricity charges are on the lower side of the average rates by a small margin, this hardware easily stands out among all the other ones.
#7. Bitmain Antminer R4
Falling a little behind than its higher model, Antminer S9i, when compared across the most crucial parameter of mining hardware – efficiency, Antminer R4 operates at a hash rate of 8.7 TH/sec. Understandably the power consumption is on the lower side at around 840 watts. The great stand out feature about this product has to be the noiseless running. It’s a great plus to have mining hardware that does not constantly disturb with weird sound patterns.
The decision making gets tricky when one gets to the price aspect. This efficient and convenient device will set you back by $3000, which certainly is a lot, looking at some of the other economical hardware on the list. For a mid-level miner or a hobbyist, Bitmain Antminer R4 is a good option for fetching decent mining rewards.
#8. Bitmain Antminer T9
The last one of the Bitmain product in this list of best hardware and equipment for Bitcoin mining is Antminer T9. It consumes around 1500 watts of energy and operates on a hash rate of 12.5 TH per second. The best part about this hardware is the reliability aspect of it, which is considered to be the highest among the top Bitman hardware. The reason being better quality chips, which are installed in this equipment. Thus prolonging the burn out time and making it more stable, when compared to Antminer S9i.
The size of the hole in your pocket post purchasing this product will be around $500. This product falls perfectly in the bracket for expert Bitcoin miners, who work on a more regular basis to solve the blocks and reap the awards.
The best place to buy hardware and equipment is their company website, thus guaranteeing trust and authenticity. If not, the second-best option you have is Amazon. Before buying, it’s always best to go through other specifications of the product, along with user reviews which you can easily find on Mining Watchdog. Cooling capacity and noise-canceling power are two of the most important non-technical specifications that one must be aware of when buying Bitcoin mining hardware.
As and when Bitcoins’ price moves up, more companies get into the business of manufacturing mining hardware, the most recent example being Samsung. And with more number of companies coming in and technology moving forward, the capacity of the hardware will continue to increase. It won’t be a surprise if the products you are reading about now, will become obsolete in the next couple of years or even months, considering the technological advancement. Do keep exploring the wide range of hardware available in the market, to find your perfect fit.