Mining Bitcoin is the term used when new Bitcoins are entered into circulation. There are big corporations that mine bitcoin today in huge mining farms, but also some smaller manufacturers that do this as a part-time job and or a hobby.
Bitcoin mining hardware
To be able to mine bitcoin, you need to have the right equipment. While cryptocurrencies are highly digital, mining them requires a bunch of hardware, and here it is important to choose just the right ones. Reliable mining hardware is the best way to mine bitcoin and configure it to a cloud-based cryptocurrency mining pool.
Some calculators allow you to calculate the profitability of the Bitcoin mining hardware before you buy it to make sure that it is the best one on the market. This is based on the hardware’s hash rate, power consumption, operating temperatures, and algorithms that they mine. By doing so, you ensure that you have the best GPU, CPU, and so forth for the purpose.
If you are interested in crypto mining, you have probably asked yourself what hardware to bet on and what crypto to mine? Here we will look especially into Bitcoin, as it is the most popular and valuable crypto on the market, and list three good hardware for mining it.
Antminer S19 Pro
This mining hardware is best for industrial mining and is one of the favorites on the market. It is also named the best hardware to mine Bitcoin and other SHA-256 cryptocurrencies. It has a power efficiency of 29.7 J/TH and generates a profit of $12 daily with an electricity cost of $0.1/kilowatt. This results in an annual return percentage of 195 percent with a power consumption of 3250 W (±5%). The hardware price is $2,860 and could be a good investment as Bitcoin is predicted to increase in value.
Next on the list, we have the Antminer T9+, which is best for experimentation, testing miner settings, and operations. This Bitcoin mining hardware is a lot cheaper than the Antminer S19 Pro, at only $430. In addition, you are also able to buy it through third-party traders on Amazon and eBay. Although it appears the device has a negative profit ratio of -13% and the return per day, NiceHash has been able to profit 0.10 USD per day when mining with it via their pool. The device is also quite small and light, with dimensions 125 x 190 x 320mm and at 4,200 grams.
AvalonMiner A1166 ProLast on the list we have the AvalonMiner A1166 Pro which works best for experienced Bitcoin and SHA-256 miners. This hardware allows you to mine cryptocurrencies like Bitcoin, Bitcoin Cash, and Bitcoin BV, which are so-called SHA-256 algorithm cryptos. However, you will also be able to mine Acoin, Crown, Bitcoin, Curecoin, and other coins based on the SHA-256 algorithm with this device. It is also profitable to mine with, at $0.01 per kilowatt power cost, you expect $2.77 per day and $83.10 per month. You can buy it for $1,550.