Interested in mining bitcoin? Today, efficient and reliable specialised bitcoin mining hardware is necessary to mine bitcoin. In this review, you discover a list of bitcoin miners so that you can find the best bitcoin miner for you.

Evolution of Bitcoin Mining Hardware

Bitcoin mining refers to the use of your computing power to process transactions on the Bitcoin network for which you are rewarded in the form of new bitcoin. The process is competitive since the bitcoin reward is given to the miner who solves the mathematical computation first. Consequently, miners focus on machines that offer high computational power to contend with the ever-increasing mining difficulty to remain profitable.

Initially, miners relied on CPU mining through their PCs and laptops but the method became untenable due to the slow computational speeds. So, miners moved on to use GPUs (graphical processing units) in computer graphic cards since they produced more hashing power and consumed less energy.

By , GPUs were overtaken by field-programmable gate array (FPGA) processors that are joined to PCs using a USB connection. An FPGA was better than its predecessors in terms of power consumption. Furthermore, these devices ushered the establishment of concentrated mining farms.

Currently, BTC miners use ASIC (Application-Specific Integrated Circuit) devices as they are the most efficient and powerful bitcoin miner hardware available today.

How to Choose a Bitcoin Miner

There are three main things to look out for when buying a bitcoin miner:

1. Hash rate: Hash rate represents the number of calculations that a miner can perform in a second. Therefore, the higher the hash rate the more chances you have to solve the complex algorithms and earn bitcoin.
2. Price: There is the common phrase &#;cheap is expensive&#;. This applies to bitcoin miners where cheap hardware will mine fewer bitcoin and prove unprofitable in the long run. If you want fast and efficient hardware you will have to invest more.
3. Energy consumption: It is important for you to check the electricity rating in watts and determine whether mining income covers your electricity costs. Obviously, the more powerful hardware you buy, the higher your energy expenses. However, there are some cost-efficient solutions out there.

Below you will find a list of the top five best bitcoin miners you can purchase today.

Top 5 Best Bitcoin Miners

The Dragonmint T16

Image by www.oldyorkcellars.com

The Dragonmint T16  is one of the most impressive mining rigs today. The Halong Mining ASIC miner was made available for shipment in March The mining hardware is efficient in terms of energy consumption and overall effectiveness.

Dragonmint T16 is user-friendly and comes with a comprehensible and easy to follow manual. The bitcoin miner utilises SHA– algorithm with a hash rate of 16 TH/s. It deploys a DM GHS chip that consumes approximately J/GH of electricity. In addition, it has an ethernet connection and dual fan.

Moreover, thanks to the implementation of the ASICBOOST algorithm in Dragonmint T16, the efficiency can be improved by 20 percent. Taking into account its power consumption level, hash rate, and price, the mining rig offers miners a higher chance of profitability compared to other hardware. While it is profitable in large-scale mining operations, it will also benefit individual miners.

Here is a summary of the main features:

• Hash rate: 16TH/s
• Weight: 19 pounds
• Power consumption: W
• Efficiency: J/GH
• Price: $2,

Bitmain Antminer S9

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The Bitcoin Antminer S9 is the latest version of the popular hardware solution. Widely regarded as one of the best bitcoin miners in , the mining rig has an enormous hash rate of 14 TH/s, which is more than sufficient for efficient mining.

The ASIC machine needs W power supply, and you should use Antminer APW Watt if you want to achieve maximum energy efficiency. This makes it twice more efficient than its predecessor the S7 model. Also, you can increase your earning potential by joining a mining pool, and purchase multiple mining rigs. You stand to make up to $1, per chip.

Here is a summary of the main features:

• Hash rate: TH/s
• Weight: pounds
• Power consumption: W
• Efficiency: J/GH
• Price: from $

Bitmain Antminer S7

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The Bitmain Antminer S7 is one of the most popular bitcoin miners since it is easy to set up. In addition, the mining hardware is reasonably priced, powerful and efficient. Launched in , the mining rig gained notoriety the following year with users claiming to experience an average of to TH/s hash rate.

However, with computations becoming more difficult, it is doubtful that running only one device alone will generate a profit. In order to maximise from your Antminer S7, you can either buy multiple units or optimise one. While the mining rig was originally priced at about $2, during its release the price has gone down to almost $ at the time of writing this article.

While it is no longer in production, you can buy a used device on Amazon or eBay.

Here is a summary of the main features:

• Hash rate:  TH/s
• Weight:  pounds
• Power consumption:  W
• Efficiency:  J/GH
• Price: from $99 (used model)

AvalonMiner

Image by www.oldyorkcellars.com

The AvalonMiner is a bitcoin miner from Canaan company and has an overall efficiency of J/GH, which is higher compared to other devices within its price range. Also, this bitcoin miner offers a variety of customisation options.

The mining hardware has a user-friendly interface that makes it easy to navigate for new users. The device is also easy to set up and use. To get started you have to download the firmware of the mining rig. Subsequently, the controller has to be plugged in and connected and the cables connected to the mining rig.

Avalon has a set of LED lights that indicate hardware&#;s status whether it is inactive, active, overheating or even failing. The lights also show the status of your connection (the miner) to the controller.

The ASIC bitcoin miner provides a hash rate of TH/s and consists of an innovative cooling system that allows 88 chips to function as a single unit, as well as support the mining running on 24/7.

Here is a summary of the main features:

• Hash rate: TH/s
• Weight: kg
• Power consumption: W
• Efficiency: J/GH
• Price: from $ (used models)

Bitmain Antminer S9i

Image by www.oldyorkcellars.com

The Bitmain Antminer S9i is presently considered the most popular bitcoin miner in the market. The mining hardware has eclipsed Antminer S9, which is currently sold out on Bitmain, as the largest ASIC model in the Antminer series.

Released in May , the S9i is considered to be similar to the S9 model except for a few minor upgrades. The notable improvement between the two variants is improved energy efficiency for the S9i model.

Therefore, the Antminer S9i is widely regarded as a more efficient option with a rating of W/GH. In addition, the hardware has an in-built web interface that allows for easy configuration of the device. This removes the necessity of downloading any mining software so as to set up the rig.

The S9i enables bitcoin mining, bitcoin cash, and other SHAbased coins. You can buy the device together with the power source on the Bitmain website though this will likely increase the cost.

Here is a summary of the main features:

• Hash rate: 14 TH/s
• Weight: pounds
• Power consumption: W
• Efficiency:  W/GH
• Price: $

Choosing the right bitcoin mining hardware for your mining operation can make the difference between being profitable and unprofitable. Moreover, it is also important to choose the right bitcoin mining software to ensure that your miners are running efficiently.

Any of the five bitcoin miners in the list should be a good choice for your mining farm, whether you are a small-scale at-home miner or a large mining company.

To learn more about Bitcoin, download the Bitcoin Beginner&#;s Handbook for free.

Despite the profit potential of mining Bitcoin, your Bitcoin mining hardware’s upfront and energy costs can actually do harm to your bank account.

Picking the wrong hardware could cost you more money to operate than the amount of funds you earn mining Bitcoin with it.To avoid losing a profit on your Bitcoin mining, we curated a list of the best Bitcoin mining hardware, with their price, hash rate, and energy consumption, to help you decide which hardware is best for you, no matter how much mining experience you have. Read on to find the right Bitcoin mining hardware for you.

7 of the Best Bitcoin Mining Hardware of

1. Bitmain Antminer S9i

Picture Credit: ASIC Miner Value

Since it's considered the most popular Bitcoin mining hardware in the world, the Antminer S9 is entirely sold out on Bitmain’s website. Fortunately, though, Bitmain released the Antminer S9i for only $ this May. The S9i boasts a hash rate of 14 TH per second and an energy consumption of 1, watts, which makes it one of the most efficient Bitcoin mining hardware out there.

If you’re an intermediate or expert miner trying to make a profit, the low upfront cost and high efficiency of the Antminer S9i could offset its somewhat lofty energy costs and help you make some money.

2. Halong Mining DragonMint T1

Picture Credit: ASIC Miner Value

Out of all the Bitcoin mining hardware on the market, the DragonMint T1 has the highest hash rate of 16 TH per second. And with an energy consumption of Watts, which translates to a Joules per Gigahash ratio, it's the most powerful and efficient Bitcoin mining hardware out there.

Naturally, there’s a lot of demand for the DragonMint T1, so you'll have to pay a hefty price of $2, to buy it. But if you’re an expert miner with low electricity costs, the power and efficiency of the DragonMint T1 could offset its high upfront cost and help you turn a profit.

3. Bitmain Antminer T9

Picture Credit: ASIC Miner Value

With a hash rate of TH per second and energy consumption of 1, Watts, the Antminer T9 is less powerful and efficient than the Antminer S9i, but it’s considered the more reliable option. It has higher quality chips compared to the S9i, so it’s more stable and doesn’t burn out as fast.

You should expect to pay around $ for an Antminer T9. If you’re an expert miner who wants a durable mining hardware, this is a good option.

4. Pangolin Whatsminer M3X

Picture Credit: ASIC Miner Value

Even though it uses the most power out of all the hardware on this list, requiring 2, watts of energy, the Whatsminer M3X is also one of the most powerful, possessing a hash rate of TH per second.

The M3X is also more affordable than other powerhouse hardware, costing $1,, which can offset its high energy costs and help you earn a profit. If you’re an expert bitcoin miner with below average electricity costs, this could be the best hardware for you.

5. Bitmain Antminer R4

Picture Credit: ASIC Miner Value

Bitmain’s Antminer R4 falls right behind the Antminer S9i in terms of efficiency, with a hash rate of TH per second and a small energy consumption of watts. Another one of the R4’s best features is that it runs almost silently, making it the ideal hardware for mining bitcoins at home.

The R4’s convenience and efficiency comes at a cost, though -- you’ll need to spend $2, to buy it on Amazon. If you’re a hobbyist or intermediate miner trying to make money at home, consider using the Antminer R4.

6. Avalon6

Picture Credit: Buy Bitcoin Worldwide

Listed at $ on Amazon, the Avalon6 is one of the most affordable Bitcoin mining hardware, and it's the easiest to set up. But it also has low efficiency, possessing a hash rate of TH per second and a relatively high energy consumption of watts.

Unless your electricity costs are extremely cheap, using the Avalon6 to mine more Bitcoin than it costs to operate is nearly impossible. The Avalon6 is best for beginners or hobbyists, since you’ll most likely never make a profit using the hardware.

7. Bitmain Antminer S7

Picture Credit: ASIC Miner Value

Another solid Bitcoin mining hardware for beginners or hobbyists is the Bitmain Antminer S7. Its low $ cost matches its low efficiency -- it has a hash rate of TH per second and energy consumption of watts. But if Bitcoin’s price shoots up and you can find extremely cheap electricity, it’s possible to make a profit using the hardware.

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, we'll learn all about Bitcoin mining and most importantly, what is the best Bitcoin mining hardware of

What Is Bitcoin Mining?

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.

How To Choose The Best Bitcoin Mining Hardware?

Since its inception in , 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 here's what you should look for when setting up your ASIC for Bitcoin mining:

Energy Efficiency

The power required to generate a single bitcoin (BTC) is known as efficiency. The more efficient the bitcoin mining hardware is the less electricity it'll consume.

Efficiency= Energy consumption/ Hash rate

The higher the efficiency, the lower the power consumption of the hardware.

Hash Rate

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.

Price

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 it'll 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.

Top 12 Bitcoin Mining Hardware  

Here's a list of the 12 best Bitcoin mining hardware in

1. Bitmain AntMiner S5
2. Bitmain AntMiner S7
3. Bitmain AntMiner S9
4. Bitmain AntMiner S19 Pro
5. Bitmain AntMiner D3
6. Bitmain AntMiner L3+
7. Avalon6
8. AvalonMiner A Pro
9. AvalonMiner
10. Dragonmint T1
11. WhatsMiner M30S++
12. WhatsMiner M3x

1. Bitmain AntMiner S5

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 beginner's level mining operations.

• Power supply: volts
• Power consumption: Watts
• Hash rate: 1GH/s every Watts
• Lightweight: kgs
  
  

2. Bitmain AntMiner S7

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.

3. Bitmain AntMiner S9

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, to $3,, with its power supply unit being sold separately.

4. Bitmain AntMiner S19 Pro

With TH/s of hashing power, the Bitmain AntMiner S19 Pro is a mining beast. It has a power supply of W of power, ± 5%, and average power consumption of dB when in operation. Like the AntMiner S7, the S19 Pro is also temperature sensitive and is most productive between 5° to 40°C.

• Hash power: TH/s
• Power consumption: W

5. Bitmain AntMiner D3

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 GH/s and has an average power consumption of W.

• Hash power: GH/s
• Power consumption: W
• Efficiency rate: J/MH
  

6. Bitmain AntMiner L3+

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 BM 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.

• Hash rate: MH/s
• Power consumption: W

7. Avalon6

If you're 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 A The mining equipment also comes with frequency control that is especially used to regulate the frequency from the standard MHz.

• Hash rate: TH/s
• Noise profile: 55dB within meters

8. AvalonMiner A Pro

The AvalonMiner A Pro is one of the best in the AvalonMiner series, owing to its hash rate power and power consumption. Even though it's very expensive, the price is a steal for its power efficiency. The hardware delivers an 81TH/s hash rate and draws about kW of power.

• Power consumption: kW
• Hash rate: 81TH/s
• Hash efficiency: 42J/TH
• Price tag: $2, – $2,
  

9. AvalonMiner

With a wider temperature range, AvalonMiner is a heavy-duty mining device. Its design comprises four integrated fans that generate about 75dB noise during operation. So it's 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.

• Power draw: kW
• Hash rate power: 90TH/s
• Cost: $4, – $5,
  
  

Dragonmint T1

If there's one mining machine that is undoubtedly ruling the Bitcoin mining scenario, it's the Dragonmint T1. With the best chip design DM, 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.

WhatsMiner M30S++

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.

• Power consumption: kW
• Hash rate: TH/s

WhatsMiner M3x

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 W to W of power. It is powered by the 28nm ASIC chipset that demands V voltage to operate.

• Hash rate: 12 to 13 TH/s
• Power consumption: W to

The Bottom Line

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.

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While there are plenty of ways to get started with mining your own Bitcoin (BTC), serious miners use ASIC (application-specific integrated circuit) devices, which are specifically built for the purpose, and more efficient.

In this guide, we’ll try to help you become a profitable Bitcoin miner by highlighting five of the top ASIC mining devices on the market today.

With so many jumping on the mining bandwagon, these devices have become expensive and difficult to buy. In most cases, in addition to the AIC unit you'll also need to purchase a good quality PSU (power supply) for maximum efficiency.

An important consideration when purchasing an ASIC should be how soon you're likely to see a return on your original investment. This is determined by the hash power of the device – i.e. the number of BTC it can generate daily – minus your electricity costs, mining pool fees and current mining difficulty.

To assist in your decision, we've listed the current price, hash rate and power usage of each device. 

While these numbers are helpful, you should also go ahead and use a profitability calculator such as the one available from Coinwarz before ordering to estimate your return in BTC. Realize that there are some running expenses that include electricity costs, and mining pool fees. A good profitability calculator allows you to precisely calculate your ROI (return on investment).

The exchange rate between Bitcoin and fiat currencies tends to be quite volatile, so one strategy is to cash out quickly by registering with a BTC exchange such as Bitstamp (see our guide on registering with Bitstamp).

The Whatsminer M is manufactured by Whatsminer, a well-known mining equipment manufacturer in the world. Their products are also notable for their compact footprint making it easier to scale up operations as they take up less space.

The Whatsminer M is a popular mining device, and unlike most of its competition- it’s actually available and in stock at the time of this writing. However, at a price of $ it is hardly cheap, and the lower product offerings are out of stock currently. It is a more recent introduction that was first produced for December

An advantage of this unit, while it does require dedicated V power, is that it does ship with an integrated power supply. There is also a fan as well designed to keep the device at peak hashing power. Deployment is simplified as there is an Ethernet connection, and once connected, each miner has an IP Address, and can be controlled via a graphical interface.

Whatsminer regularly improves the specs of its units, so if you buy one second-hand, make sure to check the exact hash power offered. There are also no refunds. A 6 month warranty is offered for the miner, and 12 months for the power supply.

The Antminer S7 was manufactured by Bitmain and is the previous model to the S9. When the S9 arrived, many miners upgraded, thereby flooding the market with relatively cheap used S7 devices.

While the S7's hash power is about a third of the newer S9, due to the lower cost and the advantage that many second-hand units come with a PSU pre-bundled, you’ll often see a faster return on your investment compared to the S9. The S7 also generally generates less heat and noise than the more powerful S9.

Before going ahead and purchasing an S7, it’s a good idea to check how long it's been in operation to decide how reliable it might be. Also, check the seller's refund policy just in case after you buy there is an issue. For those units that do come with a PSU, make sure it's a good quality one for maximum energy efficiency, such as Bitmain's own AWP3++ power supply which also works with the S9.

Even with a high-end PSU, the S7 is still not as energy-efficient as the S9, as on average it consumes Joules of power per Gigahash. The newer S9 is over twice as efficient, requiring less than J. Keep in mind that you can still generate a reasonable profit with the S7 if you buy multiple units, or use a renewable energy source such as solar power.

China-based firm Canaan Creative, claims to be the firm that manufactured the world’s first ASIC miner in , so it's safe to say that the company knows what it’s doing when it comes to Bitcoin mining hardware. Today, they remain the second largest manufacturer and designer globally of Bitcoin mining machines.

The AvalonMiner has a considerable efficiency of 38J/TH to maximize the mining potential. It also has 4 fans that contribute to a noise of 75 dB’s. The unit is also designed for a simple deployment, easy maintenance, and features a built-in AI chip. Rounding out the package is a full day warranty.

Unfortunately, the device isn't available on their website for direct sale, so you'll have to look for it somewhere else. Despite glowing reviews, the devices aren't as well known as Antminers, so if you're new to mining, you may not find much help online. 

The WhatsMiner MT is manufactured by the Chinese firm Pangolin Miner and was released in The manufacturer's website not only provides detailed information on the miner, but an excellent tutorial video on getting set up. This includes connecting the device via Ethernet and configuring your mining pool settings via the M32's web interface.

While the hash rate is less than the Antminer products, this unit is also less expensive, meaning you could see a return on your investment in under days according to some estimates. While the device draws a lot of power, the M32's built-in fans dissipate the heat quickly and it's noise level is comparable to competing miners. It also has the advantage of a bundled PSU simplifying deployment.

While we have highlighted the entry level ASIC miner, the WhatsMiner M 62T, there are other products in the stack for an additional cost up to the WhatsMiner MT, that has computational power up to 68 TH/s. The processor is from Samsung and uses an 8 nm process.

Unfortunately, currently all the various M32’s are sold out. For those that persevere, and manage to find one, a one year warranty is offered.

Here’s another ASIC miner from China-based firm Canaan Creative. The AvalonMiner A Pro is a step up in efficiency from the prior AvalonMiner offerings.

The AvalonMiner A Pro also has a power efficiency of 42J/TH, which is quite impressive, and gives it potential for a good return on investment. As the hash rate is also a little lower than that of the AvalonMiner , with a similar power consumption, your decision on whether to choose the AvalonMiner A Pro will probably revolve around price considerations.

At the time of writing, the device is currently out of stock. When the device was announced, Avalon offered the device for sale in bulk quantities, and since it's currently out of stock, the listed price above might be different. Avalon's official redistributor BlokForge has also listed the AvalonMiner for sale in individual units, but the price there is currently $2,

Unlike its predecessor, a PSU is included with the purchase, and if/when it comes back in stock bulk discounts are available. 

Jordan Tuwiner Last updated January 10,

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.

Bitcoin Mining Hardware Comparison

*www.oldyorkcellars.com averages prices from various online sources. Actual prices may vary depending on seller.

What is an ASIC Bitcoin Miner?

Since it’s now impossible to profitably mine Bitcoin with a standard computer or laptop, you’ll need specialized hardware called ASICs.

Here’s what an ASIC miner looks like up close:

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.

Don’t Get Confused

There is Bitcoin mining hardware, which mines bitcoins.

There are also Bitcoin hardware wallets like the Ledger Nano X, which secure bitcoins.

Check Profitability

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.

Know your Competition

It may seem easy to just spin up a miner.

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.

How to Find the Best Bitcoin Miner

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.

Bitcoin Miners for Sale on eBay or Amazon

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.

Used Bitcoin Mining Hardware for Sale

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.

ASICs for sale on Ebay

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.

Hardware Profitability

You can use a bitcoin mining profitability calculator to determine your estimated cost of return on your mining hardware.

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.

Most Efficient Bitcoin Miners

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!

Bitcoin Mining Hardware Companies

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.

Bitcoin Mining Equipment

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.

Bitcoin Mining Without Hardware?

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 S

ASICs’ Impact on Cryptocurrency

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.

Some GPUs were made solely for mining Bitcoin.

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.

How?

ASICs rendered GPUs useless. ASIC developers, including Bitmain, granted early access to large mining cartels rather than the average person.

Photos from inside a Chinese Bitcoin mining operation

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.

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Bitmain’s AntMiner S7 proved so popular since its release in mid that it reached 19 batches of production.

Now, Bitmain has released a new series: the AntMiner S

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 TH/s of hashing power.

Prices start at $2, for the T19 and run to $3, for the S19 Pro.

Power Supply

The S19 Antminers require W of power, ± 5%.

The power supply units (PSUs) are included with the miners themselves, meaning you won’t need a separate piece of hardware.

Power Consumption

The S19 draws an average of 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.

Setup

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.

Temperature

The S19 series miners operate best within a temperature range of degrees Celsius ( 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.

Price

Note: Before you buy an Antminer S19 make sure you already have Bitcoin mining software and a Bitcoin mining pool.

On the Bitmain website as of January , the S19j Pro TH/s is available on a spot order basis and the S19 XP TH/s currently shows shipping availability starting in July Both models list between $11, and $12, .

The latest Antminers, Antminer S19XP and L7, are expected to release in As these new models are released and commercial miners upgrade, you can expect the price of the S19 series to drop.

Bitcoins / Month (Profitability)

Mining difficulty on the Bitcoin network has been steadily rising at a rate of almost % per day. Combine that with the fact that the block reward was halved in May , 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 S

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 % (as charged by AntPool) and a Block Reward of 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.

There is of course the big brother to the S19, the S19 Pro!

The S19 Pro boasts up to TH/s of hashing power.

Power Supply

The S19 Pro power supply is the same as the S19 Pro - W of power, ± 5%.

Power Consumption

The S19 Pro generates an average of dB while operating.

Setup

Setup for the S19 Pro is the same as the S 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

Temperature is the same as the S19 - between degrees Celsius ( Fahrenheit).

Price

Note: Before you buy an Antminer S19 make sure you already have Bitcoin mining software and a Bitcoin mining pool.

The S19 and S19 Pro can be difficult to purchase since chip supplies are limited for manufacturers. Currently, there are listings for new AntMiner Bitmain S19 Pros for between $15,00 - $25, However, used and second-hand models can be had for around $13,

Bitcoins / Month (Profitability)

Using all the same assumptions that we did for the S19, you can expect a nice profit around $2, a year.

Verdict: Is the S19 or S19 Pro Right for You?

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 cost 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 TH/s.

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The WhatsMiner M30S+ and M30S++ are Shenzhen-based MicroBT’s answer to the Bitmain AntMiner S19 and S19 Pro. The M30S++ puts out TH/s ±5%, pushing it a hair above the S19’s maximum output.

Let’s take a look at how they compares.

Price and Power

The M30S+, whose TH/s hashing power is comparable to the S Unfortunately, its no longer for sale on MicroBT’s site so you’ll need to get it second hand.

Bitcoins / Month (Profitability)

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 BTC per block mined:

Power Supply and Consumption

The WhatsMiner M30S+ consumes slightly more power than the AntMiner S19 series, and is slightly less efficient at turning electricity into Bitcoins.

It has an efficiency of 34 J/TH..

The M30S+ generates around dB of noise while operating.

Temperature

The WhatsMiner M30S+ operates best between -5 and 35 degrees Celsius ( 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.

Price and Power

The M30S++ comes in at $3, on MicroBT’s online store, making it quite a bit cheaper than the S19 Pro.

Bitcoins / Month (Profitability)

We’ll use the same assumptions here that we have with the other miners to keep things consistent.

While you’ll spend nearly $3, per year on electricity, the WhatsMiner M30S++’s TH/2 will make you a profit of $3, per year. This means that you’ll need to mine for a little under a year to recoup your initial investment.

Power Supply and Consumption

The M30S++ requires W and runs at an efficiency of 38 J/TH.

Temperature

The WhatsMiner M30S++ again operates best between -5 and 35 degrees Celsius ( Fahrenheit).

Verdict: Is the M30S+ and M30S++ Right for You?

The top-of-the-line M30S++ model’s 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.

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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 , released in January - stack up to the competition?

Let’s dive in.

Price and Power

The AvalonMiner puts out 90 TH/s. This makes it comparable to the AntMiner S19 and the WhatsMiner M30S.

It retails for around $5,, making it quite a bit more expensive than the offerings from Bitmain and MicroBT.

Bitcoins / Month (Profitability)

The Canaan AvalonMiner should make you a profit, providing you have access to electricity at or around the median price in the U.S. of $/kWh.

It’ll take you about two years of mining to make back your initial investment.

Power Supply and Consumption

The AvalonMiner draws W at the wall.

Compared to the AvalonMiner , the ’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 S

Temperature

The AvalonMiner operates best between -5 and 35 degrees Celsius ( Fahrenheit). This is a wider range than the AntMiner S19 series, and equal to that of the WhatsMiner M30S.

Verdict: How Does the AvalonMiner Stack Up?

With Canaan, you know you’re getting a battle-tested product.

That said, the AvalonMiner 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.

Mining Difficulty and Centralization

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 halving.

In the nearly five years since, total network hashrate has climbed more than fold from ~ EH/s (exahashes per second) to EH/s.

The current all-time-high occurred on February 8, , when Bitcoin miners collectively contributed 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.

What is CompassMining?

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.

You’ll choose some ASICS to buy.

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.

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.

Final Thoughts

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!

Bitcoin mining can be highly profitable, but it requires power-hungry hardware and a deep understanding of the principles that drive blockchain technology. In order to mine Bitcoin, you’ll need specialized bitcoin mining hardware called application-specific integrated circuit devices, or ASICs. 

There are many different ASICs on the market today. These devices have evolved through a highly competitive Bitcoin mining arms race — the Bitcoin blockchain uses vast amounts of processing power in order to solve extremely complex math problems and secure its network, forcing hardware to become progressively more powerful.

Entry-level Bitcoin mining devices can be relatively low cost, while high-performance miners can range up to over $10, When assessing ASIC hardware with the intent of Bitcoin mining, you’ll need to weigh up the power of the hardware versus the amount of power it draws, along with the cost of electricity in your region.

In this article, we break down the 10 best Bitcoin mining hardware machines of , presenting a breakdown of hash rate, power draw, and potential profitability.

What to Consider When Selecting Bitcoin Mining Hardware

Bitcoin mining has changed dramatically since the launch of the Bitcoin network in During the first few years of Bitcoin network operation, Bitcoin mining could be performed on virtually any home computer with a relatively powerful CPU.

As the Bitcoin network grew, however, the computational processes required to secure the Bitcoin network became increasingly complex, forcing miners to shift to more powerful GPUs in order to keep up with demand. 

Eventually, the need for hardware with high hash power — the speed at which mining hardware operates — resulted in the creation of dedicated ASIC hardware. The highly specialized nature of ASIC hardware allows Bitcoin miners to mine faster, using less electricity.

ASIC hardware is now essential to Bitcoin miners. There are three primary factors to consider when choosing the best Bitcoin mining hardware:

Price:

The price of Bitcoin mining hardware varies based on operational efficiency, durability, and computational power. As a rule, cheaper hardware will deliver lower efficiency and lower profitability. The cost of mining hardware should be incorporated into any profitability analysis, taking the expected lifespan of the hardware into account.

Efficiency:

Bitcoin mining hardware is essentially designed to convert electricity into BTC. If you’re not sure how to choose the best Bitcoin mining hardware, focusing on energy efficiency is the best place to start. 

Hash Rate:

Hash rate is the rate at which Bitcoin mining hardware is able to make intensive mathematical operations. In simple terms, the higher the hash rate of the hardware, the more likely it is that the miner or mining pool for which the hardware is operating will solve the next block in the Bitcoin blockchain. As a rule, higher hash rate hardware is more expensive. 

Overall, the best Bitcoin ASIC is the most cost-efficient, most profitable ASIC. The development of ASIC devices has accelerated rapidly over the last decade, with new hardware released on an annual basis that often renders older hardware obsolete. 

Here are the best ASICs for Bitcoin mining in

Bitmain AntMiner S5

The Bitmain Antminer S5 isn’t the latest offering from the Beijing-based ASIC manufacturer, but still provides excellent value for money and efficiency. Unlike later models such as the S7 and S9, the AntMiner S5 operates a lower power supply of volts, drawing an average of Watts. 

The low power requirements of the S5 makes it an ideal entry-level Bitcoin mining ASIC that is capable of providing impressive operational efficiency. The S5 generates a hash rate of roughly 1 GH/s for every Watts, which equates to J/GH.

The S5 is suitable for both hobby miners and entry-level home mining operations, with the added benefit of a low weight profile at just under KG. 

Bitmain AntMiner S7

The Bitmain AntMiner S7 is another older model from Bitmain’s highly popular line of ASIC units but remains one of the most popular devices online today. Offering lower power consumption than the S5, the S7 is widespread throughout China-based Bitcoin mining farms and boasts impressive adaptability when used in combination with a robust power supply such as the watt APW3.

While the S7 does deliver reasonable profit depending on power prices, the efficiency of the unit depends on both the power supply used and ambient temperature — the S7 is particularly sensitive to environments warmer than 27 degrees Celsius. 

Overall, the S7 is most suitable for miners based in cooler climates, as cooling costs can significantly cut into profitability in warmer regions. 

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Bitmain AntMiner S9

The Bitmain AntMiner, widely touted as the most efficient and most powerful Bitcoin miner on the market, offers miners a highly impressive hash rate of 14 TH/s at a surprisingly low power draw. 

The high hash power of the S9 is delivered by a trio of boards, which feature ships between them. Combined with an Antminer Watt supply, the S9 yields twice the efficiency of the S7 at Joules per Gigahash with a draw of just Watts more than the previous model. 

A key downside of the S9 is the loud operational volume — the S9 is unsuitable for home applications, as the sturdy KG frame has the propensity to magnify operational noise. 

AntMiner T9

Released in August , the AntMiner T9 remains one of the most powerful ASIC units available on the market today — as well as one of the most expensive. The T9 is frequently compared to the S9 in terms of performance and efficiency but contains some notable improvements in chip quality that enhance hardware stability.

Later batch AntMiner T9’s consume around watts, delivering approximately TH/s and an efficiency rate of J/GH. Profitability analysis based on performance alone places the T9 below the S9 in terms of profitability, but stability enhancements make the T9 a more reliable choice for smaller-scale mining operations. 

AvalonMiner

The AvalonMiner , released in April , provides hobby and smaller-scale Bitcoin miners with a reasonably powerful miner at an affordable price. Manufactured by Canaan, the is a significant upgrade over the prior Avalon model, integrating a new cooling design and a stronger chipset.

The Avalon comes with 88 chips and a new cooling mechanism that enhances the efficiency of airflow within the device, alongside dual heatsinks mounted around the PCB. Canaan’s miner delivers a hash rate of TH/s, with an energy efficiency rate of J/GH — far more efficient than other ASIC units in the same price range.  

Bitmain AntMiner L3+

Bitmain’s L3+ is one of the most popular ASIC units in the world for Scrypt miners and is focused solely on mining this particular algorithm. The L3+ is based on the BM chip, which provides significant improvements over the chipset used in the previous L3 model — doubling the hash rate and power draw of the L3.

The L3 provides a hash rate of MH/s, with a power consumption of W. Running a higher hash rate with the L3+ results in serious power draw, but the lower price point of the device compared to more expensive models such as the Innosilicon LTCMaster makes the L3+ the best miner for Scrypt.

Bitmain AntMiner D3

The Bitmain Antminer D3 is the precursor to Bitmain’s D5 ASIC, but is a highly popular device for miners focused on mining Dash — a cryptocurrency that was originally designed to be ASIC-resistant. The D3 is currently the most efficient miner for mining Dash, and offers major competitive advantages over other devices.

The D3 delivers a hash rate of GH/s, with a power consumption rate of just W. The realized efficiency rate of the D3 is J/MH. When compared to the iBeLink DMM, which has similar power requirements and produces only MH/s, the D3 remains the more cost-effective option. 

Dragonmint T1

Manufactured by Halong Mining, the Dragonmint T1 is an impressively powerful ASIC that delivers 16TH/s with a remarkably low power draw. The T1 consumers J/GH which, compared to the Bitmain Antminer S9’s power draw of J/GH, provides a significant advantage over Bitmain-focused mining builds.

The T1 integrates ASICBoos technology, which provides an additional efficiency boost of 20 percent when operating with the Bitcoin algorithm. Notably, the T1 uses the DM chipset, which yields more robust profitability over Bitmain’s S9 offering. 

WhatsMiner M3X

The WhatsMiner M3X is manufactured by Pangolin Miner, and provides use case-specific functionality for individual miners or mining farms that aren’t restricted by high power consumption and extremely loud operating volume.

While the M3X is not an ideal option for at-home hobby miners, the device itself delivers 12 to 13 TH/s with power consumption that ranges between W to W. Driven by 28nm ASIC chip technology, the M3X is powered through the WhatPower P5 which, notably, won’t run on V mains voltage and demands V mains voltage in order to operate. 

Avalon6

The Avalon6 is currently the best Bitcoin miner for home mining or hobby Bitcoin mining, delivering impressive functionality with a low noise profile and reasonable power draw at an affordable price point.  

While the Avalon6 provides a significantly lower hash rate than Bitmains Antminer S7 or S9 at TH/s, the extremely low sound emission of the device along with chip array that consists of 80 18nm A chips, the Avalon6 produces only 55dB of noise within meters proximity.

The MHz standard frequency of the Avalon6 can be tuned via frequency control, which makes it ideal for miners seeking Bitcoin mining hardware that operates efficiently with complex temperature control — or overclocking opportunities. 

Additional Considerations

Determining the best Bitcoin miner for your requirements involves carefully assessing the hash rate of any given miner, temperature control requirements, and power draw. The cost of power in the region you will operate your mining equipment is critical, as this plays a major role in calculating overall profitability.

Crypto Taxes From Mining

It’s also important to consider the potential tax implications of Bitcoin mining. Depending on the scale of your Bitcoin mining efforts and your geographic location, Bitcoin mining may be considered a business activity or may generate taxable events when you dispose of the Bitcoin earned through mining. 

You can learn exactly how to handle your cryptocurrency received from mining on your taxes here: Crypto Mining Tax Guide.

Cryptocurrency Tax Software

If you’re disposing of the Bitcoin you earn from mining through cryptocurrency exchanges, you can use cryptocurrency tax software like www.oldyorkcellars.com to eliminate the stress associated with crypto tax reporting. Using www.oldyorkcellars.com, it’s possible to import all Bitcoin mining-related trades from any given exchange through seamless integration.

Once all of your mining transactions are imported, www.oldyorkcellars.com automatically retrieves the historical fair market value prices for each mining payout and gives you an income report you can use with your taxes.

You can learn more about how www.oldyorkcellars.com works here.

TechRadar is supported by its audience. TechRadar does not endorse any specific cryptocurrencies or blockchain-based services and readers should not interpret TechRadar content as investment advice. Our reporters hold only small quantities of cryptocurrency (under $ in value), as is necessary to perform wallet and exchange reviews, and do not hold shares in any publicly listed cryptocurrency companies.

There’s been a massive demand for the best mining rigs and mining PCs thanks to the value of Bitcoin, Ethereum and various other altcoins skyrocketing. So, if you’re in the market for one, you might want to set your expectations low and your budget high. 

The good news is, if you're wary of spending money on something that can only mine, then buying the best mining desktop PC might save you a bit of cash. These desktop computers can also be used for other day-to-day tasks, such as working on and gaming, which means that you're also getting a top PC to do other things with as well as mining.

If you do have some extra cash lying around and are willing to spend money on a dedicated mining rig, which are specially designed for one purpose only: to efficiently and effectively mine cryptocurrencies such as Bitcoin. The best mining rigs are designed to eke out the maximum workload-specific performance. Just bear in mind that you won't be able to use it for other tasks.

Here are our top picks of the best mining rigs and mining PCs below. They might be a bit trickier to get at the moment, but with a little luck, we’ll help you get the ideal one for you. Meanwhile, if you want to build your own mining rig or PC, check out our guides on the best mining GPUs, best mining CPU, best mining motherboards and best mining SSDs to help you get started.

The Alienware Aurora R11 Gaming Desktop is an excellent choice for a gaming desktop PC, and it's also one of the best mining PCs money can buy, thanks to the powerful components inside, including Intel’s iKF processor, which offers 8 cores with 16 threads for multitasking. Crucially, it also has an NVidia GPU installed as well. There's loads of space in the eye-catching chassis for upgrading when you need to, though with all Alienware products, it's pretty expensive.

The Bitmain Antminer S17 Pro has some of the best advertised performance specifications, and comes with three different modes for advanced mining: normal mode, low power mode, and turbo. While the ASIC comes with a top hashrate of 56 TH/s, you will need to run it in the lower modes at times to help prevent overheating. Even still, the S17 Pro is one of the more efficient ASIC miners out there, with a Power Efficiency of ±10%. However, because of its high specs, it is currently out of stock, and we await for Bitmain to restock the model and advertise a new price.

Application-specific integrated circuit chips (ASICs) differ from other mining rigs as they don't utilize GPUs to do the mining, which means price and power consumption is reduced. They can also solve Bitcoin blocks faster, which means they are definitely worth looking into. The Antminer D3 is an ASIC miner from www.oldyorkcellars.com is a good mid-range miner that has a hash rate of GH/s (Variation of ±5% is expected). While the power consumption is high at W, it does claim a 93% efficiency rating, making it definitely one to consider if space is at a premium.

This is another fantastic gaming PC that also doubles as a versatile mining PC. Thanks to its powerful components, you'll be getting some good returns when you put it to mining, and the excellent cooling system of this PC means it can run for long periods of time without overheating - or getting too noisy. It's another expensive outlay, but one that could quickly pay off if you mine wisely.

TechRadar is supported by its audience. TechRadar does not endorse any specific cryptocurrencies or blockchain-based services and readers should not interpret TechRadar what is the best bitcoin miner hardware reviews as investment advice. Our reporters hold only small quantities of cryptocurrency (under $ in value), as is necessary to perform wallet and exchange reviews, and do not hold shares in any publicly listed cryptocurrency companies.

While there are plenty of ways to get started with mining your own Bitcoin (BTC), serious miners use ASIC (application-specific integrated circuit) devices, which are specifically built for the purpose, and more efficient.

In this guide, we’ll try to help you become a profitable Bitcoin miner by highlighting five of the top ASIC mining devices on the market today.

With so many jumping on the mining bandwagon, these devices have become expensive and difficult to buy. In most cases, in addition to the AIC unit you'll also need to purchase a good quality PSU (power supply) for maximum efficiency.

An important consideration when purchasing an ASIC should be how soon you're likely to see a return on your original investment. This is determined by the hash power of the device – i.e. the number of BTC it can generate daily – minus your electricity costs, mining pool fees and current mining difficulty.

To assist in your decision, we've listed the current price, hash rate and power usage of each device. 

While these numbers are helpful, you should also go ahead and use a profitability calculator such as the one available from Coinwarz before ordering to estimate your return in BTC. Realize that there are some running expenses that include electricity costs, and mining pool fees. A good profitability calculator allows you to precisely calculate your ROI (return on investment).

The exchange rate between Bitcoin and fiat currencies tends to be quite volatile, so one strategy is to cash out quickly by registering with a BTC exchange such as Bitstamp (see our guide on registering with Bitstamp).

The Whatsminer M is manufactured by Whatsminer, a well-known mining equipment manufacturer in the world. Their products are also notable for their compact footprint making it easier to scale up operations as they take up less space.

The Whatsminer M is a popular mining device, and unlike most of its competition- it’s what is the best bitcoin miner hardware reviews available and in stock at the time of this writing. However, at a price of $ it is hardly cheap, and the lower product offerings are out of stock currently, what is the best bitcoin miner hardware reviews. It is a more recent introduction that was first produced for December

An advantage of this unit, while it does require dedicated V power, is that it does ship with an integrated power supply. There is also a fan as well designed to keep the device at peak hashing power. Deployment is simplified as there is an Ethernet connection, and once connected, each miner has an IP Address, and can be controlled via a graphical interface.

Whatsminer regularly improves the specs of its units, so if you buy one second-hand, make sure to check the exact hash power offered. There are also no refunds. A 6 month warranty is offered for the miner, and 12 months for the power supply.

The Antminer S7 was manufactured by Bitmain and is the previous model to the S9. When the What is the best bitcoin miner hardware reviews arrived, many miners upgraded, thereby flooding the market with relatively cheap used S7 devices.

While the S7's hash power is about a third of the newer S9, due to the lower cost and the advantage that many second-hand units come with a PSU pre-bundled, you’ll often see a faster return on your investment compared to the S9. The S7 also generally generates less heat and noise than the more powerful S9.

Before going ahead and purchasing an S7, it’s a good idea to check how long it's been in operation to decide how reliable it might be. Also, check the seller's refund policy just in case after you buy there is an issue. For those units that do come with a PSU, make sure it's a good quality one for maximum energy efficiency, such as Bitmain's own AWP3++ power supply which also works with the S9.

Even with a high-end PSU, the S7 is still not as energy-efficient as the S9, as on average it consumes Joules of power per Gigahash. The newer S9 is over twice as efficient, what is the best bitcoin miner hardware reviews less than J. Keep in mind that you can still generate a reasonable profit with the S7 if you buy multiple units, or use a renewable energy source such as solar power.

China-based firm Canaan Creative, claims to be the firm that manufactured the world’s first ASIC miner inso it's safe to say that the company knows what it’s doing when it comes to Bitcoin mining hardware. Today, they remain the second largest manufacturer and designer globally of Bitcoin mining machines.

The AvalonMiner has a considerable efficiency of 38J/TH to maximize the mining potential. It also has 4 fans that max b money make me feel better instrumental to a noise of 75 dB’s. The unit is also designed for a simple deployment, easy maintenance, and features a built-in AI chip. Rounding out the package is a full day warranty.

Unfortunately, the device isn't available on their website for direct sale, what is the best bitcoin miner hardware reviews, so you'll have to look for it somewhere else. Despite glowing reviews, the devices aren't as well known as Antminers, so if you're new to mining, you may not find much help online. 

The WhatsMiner MT is manufactured by the Chinese firm Pangolin Miner and was released in The manufacturer's website not only provides detailed information on the miner, what is the best bitcoin miner hardware reviews, but an excellent tutorial video on getting set up. This includes connecting the device via Ethernet and configuring your mining pool settings via the M32's web interface.

While the hash rate is less than the Antminer products, this unit is also less expensive, meaning you could see a return on your investment in under days according to some estimates. While the device draws a lot of power, the M32's built-in fans dissipate the heat what is the best bitcoin miner hardware reviews and it's noise level is comparable to competing miners. It also has the advantage of a bundled PSU simplifying deployment.

While we have highlighted the entry level ASIC miner, the WhatsMiner M 62T, there are other products in the stack for an additional cost up to the WhatsMiner MT, that has computational power up to 68 TH/s. The processor is from Samsung and uses an 8 nm process.

Unfortunately, currently all the various M32’s are sold out. For those that persevere, and manage to find one, a one year warranty is offered.

Here’s another ASIC miner from China-based firm Canaan Creative. The AvalonMiner A Pro is a step up in efficiency from the prior AvalonMiner offerings.

The AvalonMiner A Pro also has a power efficiency of 42J/TH, which is quite impressive, and gives it potential for a good return on investment, what is the best bitcoin miner hardware reviews. As the hash rate is also a little lower than that of the AvalonMinerwith a similar power consumption, your decision on whether to choose the AvalonMiner A Pro will probably revolve around price considerations.

At the time of writing, the device is currently out of stock. When the device was announced, Avalon offered the device for sale in bulk quantities, and since it's currently out of stock, the listed price above might be different. Avalon's official redistributor BlokForge has also listed the AvalonMiner for sale in individual units, but the price there is currently $2,

Unlike its predecessor, a PSU is included with the purchase, and if/when it comes back in stock bulk discounts are available. 

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, we'll learn all about Bitcoin mining and most importantly, what is the best Bitcoin mining hardware of

What Is Bitcoin Mining?

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.

How To Choose The Best Bitcoin Mining Hardware?

Since its inception inthere 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 here's what you should look for when setting up your ASIC for Bitcoin mining:

Energy Efficiency

The power required to generate a single bitcoin (BTC) is known as efficiency. The more efficient the bitcoin mining hardware is the less electricity it'll consume.

Efficiency= Energy consumption/ Hash rate

The higher the efficiency, the lower the power consumption of the hardware.

Hash Rate

The rate at which Bitcoin mining hardware can solve a complex mathematical puzzle is known as the hash rate, what is the best bitcoin miner hardware reviews. 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.

Price

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 it'll 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, what is the best bitcoin miner hardware reviews consumption as well as price.

Top 12 Bitcoin Mining Hardware  

Here's a list of the 12 best Bitcoin mining hardware in

1. Bitmain AntMiner S5
2. Bitmain AntMiner S7
3. Bitmain AntMiner S9
4. Bitmain AntMiner S19 Pro
5. Bitmain AntMiner D3
6. Bitmain AntMiner L3+
7. Avalon6
8. AvalonMiner A Pro
9. AvalonMiner
10. Dragonmint T1
11. WhatsMiner M30S++
12. WhatsMiner M3x

1. Bitmain AntMiner S5

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 beginner's level mining operations.

• Power supply: volts
• Power consumption: Watts
• Hash rate: 1GH/s every Watts
• Lightweight: kgs
  
  

2. Bitmain AntMiner S7

Another model from the Bitmain AntMiner bitcoin investor ervaringen 99 is the S7 model, what is the best bitcoin miner hardware reviews. Even though number of bitcoin miners 2022 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.

3. Bitmain AntMiner S9

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, to $3, with its power supply unit being sold separately.

4. Bitmain AntMiner S19 Pro

With TH/s of hashing power, the Bitmain AntMiner S19 Pro is a mining beast. It has a power supply of W of power, ± 5%, and average power consumption of dB when in operation. Like the AntMiner S7, the S19 Pro is also temperature sensitive and is most productive between 5° to 40°C.

• Hash power: TH/s
• Power consumption: W

5. Bitmain AntMiner D3

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 GH/s and has an average power consumption of W.

• Hash power: GH/s
• Power consumption: W
• Efficiency rate: J/MH
  

6. Bitmain AntMiner L3+

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 BM 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.

• Hash rate: MH/s
• Power consumption: W

7. Avalon6

If you're 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, what is the best bitcoin miner hardware reviews. 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 A The mining equipment also comes with frequency control that is especially used to regulate the frequency from the standard MHz.

• Hash rate: TH/s
• Noise profile: 55dB within meters

8. AvalonMiner A Pro

The AvalonMiner A Pro is one of the best in the AvalonMiner series, owing to its hash rate power and power consumption. Even though it's very expensive, the price is a steal for its power efficiency. The hardware delivers an 81TH/s hash rate and draws about kW of power.

• Power consumption: kW
• Hash rate: 81TH/s
• Hash efficiency: 42J/TH
• Price tag: $2, – $2,
  

9. AvalonMiner

With a wider temperature range, AvalonMiner is a heavy-duty mining device. Its design comprises four integrated fans that generate about 75dB noise during operation. So it's 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.

• Power draw: kW
• Hash rate power: 90TH/s
• Cost: $4, – $5,
  
  

Dragonmint T1

If there's one mining machine that is undoubtedly ruling the Bitcoin mining scenario, it's the Dragonmint T1, what is the best bitcoin miner hardware reviews. With the best chip design DM, 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.

WhatsMiner M30S++

WhatMiner M30S++ offers the highest rate of power that is available in the market, what is the best bitcoin miner hardware reviews. 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.

• Power consumption: kW
• Hash rate: TH/s

WhatsMiner M3x

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 W to W of power. It is powered by the 28nm ASIC chipset that demands V voltage to operate.

• Hash rate: 12 to 13 TH/s
• Power consumption: W to

The Bottom Line

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 what is the best bitcoin miner hardware reviews professional prepared plans!

Jordan Tuwiner Last updated January 10,

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.

Bitcoin Mining Hardware Comparison

*www.oldyorkcellars.com averages prices from various online sources. Actual prices may vary depending on seller.

What is an ASIC Bitcoin Miner?

Since it’s now impossible to profitably mine Bitcoin with a standard computer or laptop, you’ll need specialized hardware called ASICs.

Here’s what an ASIC miner looks like up close:

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.

Don’t Get Confused

There is Bitcoin mining hardware, which mines bitcoins.

There are also Bitcoin hardware wallets like the Ledger Nano What is the best bitcoin miner hardware reviews, which secure bitcoins.

Check Profitability

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.

Know your Competition

It may seem easy to just spin up a miner.

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.

How to Find the Best Bitcoin Miner

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.

Bitcoin Miners for Sale on eBay or Amazon

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.

Used Bitcoin Mining Hardware for Sale

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.

ASICs for sale on Ebay

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.

Hardware Profitability

You can use a bitcoin mining profitability calculator to determine your estimated cost of return on your mining hardware.

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.

Most Efficient Bitcoin Miners

While good Bitcoin mining hardware needs to have a high hash rate, efficiency is what is the best bitcoin miner hardware reviews 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!

Bitcoin What is the best bitcoin miner hardware reviews Hardware Companies

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 what is the best bitcoin miner hardware reviews 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.

Bitcoin Mining Equipment

In addition to a Bitcoin mining ASIC, you’ll need some other Bitcoin what is the best bitcoin miner hardware reviews 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.

Bitcoin Mining Without Hardware?

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 S

ASICs’ Impact on Cryptocurrency

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, what is the best bitcoin miner hardware reviews is cryptographically secured, what is the best bitcoin miner hardware reviews. 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.

Some GPUs were made solely for mining Bitcoin.

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, what is the best bitcoin miner hardware reviews. Upon creation, Bitcoin blocks were confirmed by the average person using their desktop – once ASICs hit the market, things changed.

How?

ASICs rendered GPUs useless. ASIC developers, what is the best bitcoin miner hardware reviews, including Bitmain, granted early access to large mining cartels rather than the average person.

Photos from inside a Chinese Bitcoin mining operation

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.

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Bitmain’s What is the best bitcoin miner hardware reviews S7 proved so popular since its release in mid that it reached 19 batches of production.

Now, Bitmain has released a new series: the AntMiner S

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 TH/s of hashing power.

Prices start at $2, for the T19 and run to $3, for the S19 Pro.

Power Supply

The S19 Antminers require W of power, ± what is the best bitcoin miner hardware reviews power supply units (PSUs) are included with the miners themselves, meaning you won’t need a separate piece of hardware.

Power Consumption

The S19 draws an average of 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.

Setup

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.

Temperature

The S19 series miners operate best within a temperature range of degrees Celsius ( Fahrenheit).

Keeping the room in which they’re placed cool and dry will extend the life of these miners. A dry basement is non stock investment options ideal location.

Price

Note: Before you buy an Antminer S19 make sure you already have Bitcoin mining software and a Bitcoin mining pool.

On the Bitmain website as of Januarythe S19j Pro TH/s is available on a spot order basis and the S19 XP TH/s currently shows shipping availability starting in July Both models list between $11, and $12.

The latest Antminers, what is the best bitcoin miner hardware reviews, Antminer S19XP and L7, what is the best bitcoin miner hardware reviews, are expected to release in As these new models are released and commercial miners upgrade, you can expect the price of the S19 series to drop.

Bitcoins / Month (Profitability)

Mining difficulty on the Bitcoin network has been steadily rising at a rate of almost % per day. Combine that with the fact that the block reward was halved in Mayand 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 S

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 % (as charged by AntPool) and a Block Reward of 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.

There is of course the big brother to the S19, the S19 Pro!

The S19 Pro boasts up to TH/s of hashing power.

Power Supply

The S19 Pro power supply is the same as the S19 Pro - W of power, ± 5%.

Power Consumption

The S19 Pro generates an average of dB while operating.

Setup

Setup for the S19 Pro is the same as the S 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

Temperature is the same as the S19 - between degrees Celsius ( Fahrenheit).

Price

Note: Before you buy an Antminer S19 make sure you already have Bitcoin mining software and a Bitcoin mining pool.

The S19 and S19 Pro can be difficult to purchase since chip supplies are limited for manufacturers. Currently, there are listings for new AntMiner Bitmain S19 Pros for between $15,00 - $25, However, used and second-hand models can be had for around $13,

Bitcoins / Month (Profitability)

Using all the same assumptions that we did for the S19, you can expect a nice profit around $2, a year.

Verdict: Is the S19 or S19 Pro Right for You?

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 cost may be a deterrent, if you what is the best bitcoin miner hardware reviews access to cheap electricity, what is the best bitcoin miner hardware reviews, you really can’t do much better than the S19 series.

The S19 strikes a good balance between power and what is the best bitcoin miner hardware reviews, while if money is no object the S19 Pro will churn you out an awesome TH/s.

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The WhatsMiner M30S+ and M30S++ are Shenzhen-based MicroBT’s answer to the Bitmain AntMiner S19 and S19 Pro. The M30S++ puts out TH/s ±5%, pushing it a hair above the S19’s maximum output.

Let’s take a look at how they compares.

Price and Power

The M30S+, whose TH/s hashing power is comparable to the S Unfortunately, its no longer for sale on MicroBT’s site so you’ll need to get it second hand.

Bitcoins / Month (Profitability)

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 BTC per block mined:

Power Supply and Consumption

The WhatsMiner M30S+ consumes slightly more power than the AntMiner S19 series, and is slightly less efficient at turning electricity into Bitcoins.

It has an efficiency of 34 J/TH.

The M30S+ generates around dB of noise while operating.

Temperature

The WhatsMiner M30S+ operates best between -5 and 35 degrees Celsius ( 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.

Price and Power

The M30S++ comes in at $3, on MicroBT’s online store, making it quite a bit cheaper than the S19 Pro.

Bitcoins what is the best bitcoin miner hardware reviews Month (Profitability)

We’ll use the same assumptions here that we have with the other miners to keep things consistent.

While you’ll spend nearly $3, per year on electricity, the WhatsMiner M30S++’s TH/2 will make you a profit of $3, per year. This means that you’ll need to mine for a little under a year to recoup your initial investment.

Power Supply and Consumption

The M30S++ requires W and runs at an efficiency of 38 J/TH.

Temperature

The WhatsMiner M30S++ again operates best between -5 and 35 degrees Celsius ( Fahrenheit).

Verdict: Is the M30S+ and M30S++ Right for You?

The top-of-the-line M30S++ model’s 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 AvalonMinerreleased in January - stack up to the competition?

Let’s dive in.

Price and Power

The AvalonMiner puts out what is the best bitcoin miner hardware reviews TH/s. This makes it comparable to the AntMiner S19 and the WhatsMiner M30S.

It retails for around $5, making it quite a bit more expensive than the offerings from Bitmain and MicroBT.

Bitcoins / Month what is the best bitcoin miner hardware reviews Canaan AvalonMiner should make you a profit, what is the best bitcoin miner hardware reviews, providing you have access to electricity at or around the median price in the U.S. of $/kWh.

It’ll take you about two years of mining to make back your initial investment.

Power Supply and Consumption

The AvalonMiner draws W at the wall.

Compared to the AvalonMinerthe ’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 S

Temperature

The AvalonMiner operates best between -5 and 35 degrees Celsius ( Fahrenheit). This is a wider range than the AntMiner S19 series, and equal to that of the WhatsMiner M30S.

Verdict: How Does the AvalonMiner Stack Up?

With Canaan, you know you’re getting a battle-tested product.

That said, the AvalonMiner doesn’t offer the most terahashes per dollar spent, what is the best bitcoin miner hardware reviews. If you’re looking for the most hashing power, Bitmain’s S19 series and MicroBT’s M30S have it beat.

Mining Difficulty and Centralization

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 halving.

In the nearly five years since, total network hashrate has climbed more than fold from ~ EH/s (exahashes per second) to EH/s.

The current all-time-high occurred on February 8,when Bitcoin miners collectively contributed 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, what is the best bitcoin miner hardware reviews, KNC CEO

The same Chinese competitive advantage has been doubly effective at squeezing the profit-dependent hobbyist miner from the market.

At this stage, what is the best bitcoin miner hardware reviews, 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.

What is CompassMining?

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.

You’ll choose some ASICS to buy.

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, what is the best bitcoin miner hardware reviews. 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.

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, what is the best bitcoin miner hardware reviews, Compass makes money on the hosting fees and the hardware you buy through them.

Final Thoughts

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 make money redirecting traffic 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!

Bitcoin mining earn extra money working from home (ASICs) are highly specialized and powerful computers used to mine cryptocurrencies like Bitcoin. The ASIC industry has now become more complex and competitive. Bitcoin was originally coded to be mined by CPU power, not GPU.

Later on, the Bitcoin developers decided to harness the greater hashing power of GPUs for mining Bitcoin. Nowadays, all the standard Bitcoin mining farms consist of ASICs. Otherwise, it is never profitable. You can select the Bitcoin mining hardware according to your mining needs and capacity.

Following are curated list of legit Bitcoin mining hardware that is highly trusted and most profitable. The list contains some of the safest Bitcoin miners in the market with popular features and website links.

Best Bitcoin Mining Hardware: Cheap & Profitable ASIC Equipment

1) Whatsminer M30S

DragonX Whatsminer M30S is one of the best cryptocurrency mining hardware that requires no separate host computer or software. It offers a built-in web management portal.

This mining hardware supports what is the best bitcoin miner hardware reviews maximum input voltage of Volts and a minimum input voltage of Volts. It is one of the best Bitcoin miner machines that also offer a manufacturer warranty of days. However, if you return it in 20 days, you will be bitcoin what is it made of a 40% restocking fee.

Key Statistics:

✔️ Hash Rate: 90TH/s (+/- 5%) (depends on cooling.)
✔️ Power Consumption: W
✔️ Price: $
✔️ Cost per KW/h in $:
✔️ Temperature: The WhatsMiner M30S operates best between -5 to 35 degrees Celsius.
✔️ Power Supply: WhatsMiner M30S consumes more power than the AntMiner S19 series and is less efficient at turning electricity into Bitcoins. The M30S generates approximately dB of noise when it is operational.
✔️ Price: $11,

2) Bitmain Antminer S7

Bitmain Antminer S7 is a low-cost Bitcoin mining equipment. It is one of the most popular Bitcoin mining hardware because of its lower power consumption. The power supply recommended for using the S7 is What is the best bitcoin miner hardware reviews. It is one of the best Bitcoin miners available in the market.

The bitcoin mining output calculator of this ASIC Bitcoin miner depends upon the effectiveness of the ambient temperature and the power supply used in the mining process. However, at a room temperature of around degree centigrade, the S7 consumes about Watts.

This is one of the best Bitcoin miner machines suitable for miners who operate in cooler what is the best bitcoin miner hardware reviews, as cooling costs can significantly cut into profitability compared to warmer regions.

Key Statistics:

✔️ Hash Rate: Th/s
✔️ Power Consumption: W + 10%
✔️ Price: US$
✔️ Temperature: ° F ambient temperature.
✔️ Energy efficiency: : J / GH + 10%
✔️ Power Supply: Not included

3) Antminer S19

Antminer S19 is the latest Bitcoin ASIC miner from Bitmain. You should buy it if you able to afford so much power voltage, what is the best bitcoin miner hardware reviews. The power supply units are included with the miners themselves so that you don&#;t need separate hardware.

Key Statistics:

✔️ Hash Rate: 95 TH/s
✔️ Power Consumption: W
✔️ Cost per KW/h in $:
✔️ Power Consumption: The S19 draws Watts at a 25° C / 77° F room temperature.
✔️ Setup: Setting up the S19 using the MinerLink GUI is an easy process. All you need is mining pool credentials to start mining.
✔️ Temperature: This ASIC Bitcoin miner operates best within a degree Celsius temperature range. Dry basement is certainly an ideal location for this mining rig hardware product.
✔️ Price: $11,

4) AntMiner L3+

AntMiner L3+ is one of the fastest Bitcoin ASIC miners commercially available in the market. It has a built-in control panel, which means no separate host computer is needed for operation. AntMiner L3+ has a PCI Express connector, what is the best bitcoin miner hardware reviews, and its weight is around pounds.

Key Statistics:

✔️ Hash Rate: MH/s ± 7
✔️ Power Supply: AntMiner APW3++ recommended.
✔️ Price: US$ 1,
✔️ Connector Type: PCI Express
✔️ Item Weight: Pounds
✔️ Power Consumption: W ± 10% (Sold separately.)

5) Antminer D3

AntMiner D3 is one of the best Bitcoin mining equipment that comes with Dash ASIC miners. Most ASIC Bitcoin miners use this hardware to first mine dash coins, convert them into Bitcoins, and increase profits. In this ASIC Bitcoin Miner, all PCIe connectors on a hashing board are connected to the PSU for the hashboard to operate.

The dimensions of this hardware are xx mm, making it possible for you to have a good arrangement when running multiple miners simultaneously. It is one of the best mining equipment widely used for Dash coin mining, crypto mining, cloud mining, mining pools, etc.

Key Statistics:

✔️ Hash Rate: GH/s (Variation can be either plus or minus 5%.)
✔️ Power Consumption: W (at the wall, with 93% efficiency, 25°C temperature.
✔️ Price: $
✔️ Energy efficiency: J / GH + 10% (with included power supply at ° F ambient temperature.
✔️ Power Supply: Requires a separate power supply.

FAQ:

❓ What is an ASIC Bitcoin Miner?

Bitcoin was originally coded to be mined by CPU power, not GPU. Later on, the Bitcoin developers decided to harness the greater hashing power of GPUs. Here, the Bitcoin ASIC miner comes into the picture of specialized hardware with microprocessors designed to mine digital currency. The ASIC stands for Application-Specific Integrated Circuits. Today, all the standard Bitcoin mining farms consist of ASICs. Otherwise, it is never profitable.

👉 What are the Best Bitcoin Mining Hardware?

Following are the best Bitcoin Miner Hardware:

🚀 What is a Crypto Mining Rig?

It is a barebone computer with multiple graphic cards, or GPUs, in best performing investment funds uk of a single graphic card. Mining Rigs mostly use AMD and powerful GPUs from Nvidia to handle calculations and require high-voltage power supplies. The popularity of mining may lead to a shortage of graphic cards.

Also Check: Best Mining Software

🏅 What are the Types of Bitcoin Miners?

Here are the types of ASIC Bitcoin Miners you can get in the market:

CPU miners:

It is an old Bitcoin miner that was used with a normal PC with a regular CPU chip. This type of miner produces a lower amount of Bitcoins than the power cost needed to operate them.

GPU miners:

It is faster and more efficient compared to CPU miners. The major drawback of GPU miners is that they cannot be useful in the current environment of Bitcoin. It will heat up too fast before you get any chance to earn your Bitcoin.

FPGA miners:

FPGA (Field-Programmable Gate Arrays) is an efficient and faster way than CPU and GPU mining. This type of miner consumes less amount of power and provides efficient results. It is good to use an FPGA with operating systems like Ubuntu.

ASIC miners:

ASIC miners are manufactured for a specific intention. It was first released in the year The ASIC Bitcoin miners are fast, provide much more hash rates, and consume less electricity. It can be used in either bit or bit OSs.

Gridseed miners:

Gridseed miner is the latest crypto-mining technology. It can produce higher hash rates in mining than other ASIC Bitcoin miners. It can mine a single Gridseed unit and SHA that comprises 5 GC chips.

This microchip can mine SHA at around GH/s and script (encryption method) at approximately KH/s. Gridseed gives the best results to miners in this fast-evolving crypto world. It has gained more popularity due to its high speed, affordability, fast delivery time, and low electricity usage.

⚡ What is Bitcoin Mining?

Bitcoin mining is a process of digitally adding transaction records to the Blockchain. It is also known as the crypto mining process that is executed using enormous computing power. Each Bitcoin miner contributes what is the best bitcoin miner hardware reviews a decentralized P2P (Peer-to-Peer) network to ensure the payment network is secure and trustworthy.

The Blockchain network is a decentralized P2P network that contains a shared ledger. The network has no central authority, so the transactions are recorded, processed, and validated in the miner&#;s network. The data shared over in the network is completely transparent. Still, the sensitive and personal data regarding the members&#; identity is always anonymous.

Here, the miners require validating blocks of transactions to access their blocked rewards. A new BTC is introduced in the network when a new transaction block is added to the system.

💥 Why Mine Bitcoin?

Here are some important reasons for mining Bitcoin:

• It allows transactions to be executed globally without government delays and restrictions.
• Bitcoin is a currency that is accepted in major countries worldwide.
• Using this cryptocurrency, you can quickly transfer your money anywhere.
• You can own money without worrying about transaction and tax fees.

💲 What is the Hash rate?

Hash rate measures your computational power to mine and process transactions on Blockchain like Bitcoin and Ethereum. To earn maximum Bitcoin, you require good computing power.

✅ Is Bitcoin mining legal?

It depends entirely on your geographic location. The concept of mining Bitcoin can threaten government control over the financial markets and fiat currencies. Mining Bitcoin cryptocurrency is illegal in Egypt, Nepal, Morocco, Bolivia, etc. countries.

🌟 Which Bitcoin Miner is Most Profitable?

It depends on the electricity consumption of your ASIC miner and the electricity cost in your region. If you use a powerful ASIC miner and have low electricity costs, you can be profitable with Bitcoin mining. You can find varieties of options from the market. However, this might completely upturn the crypto mining business.

❗ How are Bitcoin miners paid?

The network recognizes the work of miners and provides rewards for generating new blocks. These rewards can be of two types: 1) a new Bitcoin created with each block, or 2) Fees paid by the user for the network transactions.

💻 How to select mining hardware?

Here are the important selection criteria to choose the best Bitcoin miner hardware:

• Purchase ASIC devices with a higher Hash rate: You need to purchase an ASIC device with a higher hash rate to mine Bitcoin successfully.
• Use advance hardware: Common hardware like CPUs, GPUs, and FPGAs are slow to mine Bitcoin. So, it is better to avoid it and use advanced hardware like ASIC miners.
• Electricity consumption: Check the electricity consumption in Watts. Assuming two devices have the same hash rate, one must select the device that consumes lesser power.

💲 How much does a Bitcoin Mining Machine cost?

The price for new Bitcoin mining hardware depends on how powerful your Bitcoin miner is. However, in the secondary or used markets, when supply is low, you can find a premium factor of up to 5x.

👉 How to find the Best ASIC Bitcoin Miner?

There are some factors that you need to take care of while selecting the ASIC Bitcoin miner hardware:

• Hash rate: You need to find out the hash rate of the Bitcoin miner, what is the best bitcoin miner hardware reviews. The better hash rate costs you more. That is why efficiency is crucial.
• Efficiency: ASIC Bitcoin miners use a large amount of electricity. So, you should buy one that converts the most electricity into Bitcoins.
• Price: Bitcoin mining hardware price is very important. Cheap mining hardware will mine fewer Bitcoins.

Therefore, you should not buy an ASIC Bitcoin miner based on only price or only hash rate. It should be the best ASIC Bitcoin miner with good efficiency to get a good profit out of your mining.

❓ What are some known Bitcoin Mining Hardware Companies?

Some common Bitcoin Mining Hardware Companies are:

• ‎Bitmain
• DragonX
• BitcoinMerch

🏅 What is Bitcoin Cloud Mining?

Cloud Mining is mining and utilizing a remote data what is the best bitcoin miner hardware reviews with shared processing power mostly contracted through a Cloud mining company. This type of mining helps users mine Bitcoins without having to manage their hardware.

Also Check: Best Cloud Mining Sites

⚡ How long does it take to Mine a Bitcoin?

It takes around 10 minutes with the ideal equipment and computing power to mine One Bitcoin, no matter how many miners are operational. However, this will also depend on factors like mining equipment used, computational power, and competition.

💻 Can I mine Bitcoin on my PC?

Yes. However, the least powerful and profitable way to mine Bitcoin is using a personal computer. It needs a large amount of power consumption and powerful hardware to successfully mine Bitcoin and get rewarded.

Hey there! Let me welcome you to this guide to choosing the best Bitcoin mining hardware. If you’re wanting to get started earning a passive income what is the best bitcoin miner hardware reviews Bitcoin, you’ve come to the right place. This guide will explain the differences between the top Bitcoin mining rigs on the market today.

If you don’t know your DragonMints from your Antminers, don’t worry. As usual, I’ll be explaining all that to you in an easy to understand way. 
This guide to Bitcoin mining machines will cover the following:

• What is Bitcoin mining.
• How to pick a Bitcoin mining machine depending on your own circumstances.
• A look at the top mining units on the market today, what is the best bitcoin miner hardware reviews. I’ll cover: the DragonMint T1, Antminer T9+, Antminer R4, Avalon6, Antminer S9, and the PangolinMiner M3X. There will also be hints as to which kind of miner each of these will appeal to.
• A handy table to help you compare each of the units.

As always, there’s loads to get through in this guide to the best Bitcoin mining hardware around. Without further ado, let’s begin!

However, before doing that, you should know that there's a variety of reliable cryptocurrency exchanges for buying and trading Bitcoin. That includes Coinbase, Binance and Coinmama.

Did you know?

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What is Bitcoin Mining?

The role of Bitcoin mining is to verify that transactions on the network follow the rules. To do this, what is the best bitcoin miner hardware reviews, complex computer units are used to check the transactions and broadcast them to other computer systems around the world. The operators of these computer systems are rewarded for their efforts. This reward comes from both the fees that each transaction and a mining reward set by the network itself.

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To stop people cheating the network, a system known as “proof-of-work” is used. Proof-of-work is needed before any group (block) of transactions is added to the blockchain. When the computers are performing their proof-of-work, what they’re doing is trying to guess a long string of numbers and letters. This string is known as a hash. 

Only the computer that correctly guesses the hash can add the block to the chain. Proof-of-work requires computational power and the process is neither quick or cheap. To cheat the network would require so much of an investment that it is not financially viable for someone to try and amend the blockchain. This is the main security feature of the Bitcoin (and other cryptocurrency) networks.

Bitcoin mining used to be able to be performed by CPUs (central processing units) like those found in your computer system at home. However, as more units began to mine the network, the difficulty of the hashes they were trying to guess increased. This made people turn to higher-powered processors such as GPUs (graphical processing units). These GPUs are commonly found in high-end gaming PCs.

Today, the hashes are so hard to solve and there are so many miners trying to solve them that only specialist computer systems can solve them. These units use application-specific integrated circuit chips – or ASICs for short. That is what this article is all about!

Mining Hardware Depends on Your Circumstances

Although Bitcoin miners are now limited to choosing from a range of ASICs to mine Bitcoin, there are still plenty of options. Picking one will depend on each miner’s individual circumstances. Some miners will want a single unit that can work in their spare bedroom. Others will want a couple of affordable ASICs to get themselves started mining for the first time. Finally, there are some people who want to fill a warehouse with the absolute best Bitcoin mining hardware around.

There are lots of things to consider when picking Bitcoin mining hardware. It’s important to judge each unit based on their hashing power, their electricity consumption, their ambient temperature, and their initial cost to buy.

There are also some ideological reasons to choose one manufacturer over another. These relate to decentralization and I’ll touch upon some of the issues that surround this later in this article. 

The Best Mining Hardware

Finally, I can get down to the real topic of this article – Bitcoin mining hardware. I’ve looked at Bitcoin mining rigs from some of the biggest and best-known manufacturers on the planet to create this list.

I’ve also tried to group the different devices in terms of the applications that they’re best suited for. I’ll be giving you my recommendations for Bitcoin mining rigs for:

• People on a tight budget.
• People wanting to mine at home.
• Those who have never mined Bitcoin before.
• People who are looking to spend the most on the most power Bitcoin mining hardware around.
• A couple of alternative choices for professional miners who can’t locate enough DragonMint T1s for their operation.

Whichever option you decide to choose, what is the best bitcoin miner hardware reviews sure to also get a reliable Bitcoin wallet. It's recommended to go for Ledger Nano X and Trezor Model T. 

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Best Bitcoin Mining Hardware on a Budget – Antminer T9+

For Bitcoin miners that are on a budget, one of the best Bitcoin mining rigs around is the Antminer T9+. It can be picked up much more cheaply that most of the other devices on this list. However, don’t let the price tag fool you — it’s still a decent machine. 

As well as being great for those concerned about the price of their mining unit, the Antminer T9+ is ideal when space is a concern. This is because it features a compact design. This makes it great for cramming lots of units into a mining rig farm. If this is how you intend to use your ASIC miners, you’ll be even more glad of the temperature reducing features of the Antminer T9+. You’ll be saving a lot of money on extraction equipment too. 

In terms of the hardware this unit uses, the Antminer T9+ features  of Bitmain’s BM chips. This allows it to produce a brilliant hash rate of TH/s whilst drawing just W from the wall.

As well as being a great performer, the Antminer T9+ also has an easy to grasp user-interface. This is used to configure various settings and make upgrades to the firmware as new releases come from Bitmain. 

Being priced between $ and $ per Bitcoin mining rig, the Antminer T9+ is certainly the most affordable unit on our list. You can pick one up from here. 

Unfortunately, like the average Bitcoin mining machine, the power supply is sold what is the best bitcoin miner hardware reviews src="www.oldyorkcellars.com" alt="Bitcoin Mining Hardware" width="" height="">

Best for Beginners – Avalon6

The next piece of Bitcoin mining hardware I’ll be looking at is one for the beginners to Bitcoin mining, what is the best bitcoin miner hardware reviews. The creators of the Avalon6 Bitcoin mining rig, Canaan Creative, built it with simplicity in mind. 

The Avalon6 Bitcoin miner is one of the easiest ASIC units to setup. Both the advanced and basic procedure is simple, and this makes the device great for beginners. Unfortunately, it’s not the most profitable unit around. From the W it draws from the wall, it only manages to produce TH/s. 

Whilst it’s certainly not going to impress any serious Bitcoin miners, the ease with which you can set up this bit of kit, along with the affordable price tag will make it a great unit for those wanting to get started in the world of Bitcoin mining. 

Unfortunately, like most of our units on this guide to Bitcoin mining hardware, the Avalon6 doesn’t come with its own power supply. These are sold separately. 

There are options to buy the unit itself directly from Canaan Creative, but these are only for bulk orders. Fortunately, it’s possible to pick them up in smaller order sizes for around $ each from here. 

Running an Avalon6 (or Any Bitcoin Mining Machine) Not for Profit?

As well as being great for beginners, the Avalon6 is a good piece of hardware for those who want to mine Bitcoin without making a profit. This might sound bizarre at first but there is a very good reason why people would want to mine Bitcoin without necessarily generating profits. 

Put simply, the more units mining on a cryptocurrency network, the more secure that network is. The robustness of Bitcoin’s security comes from its decentralization. There are many hobbyists and passionate developers around the world who either are not able or don’t want to mine Bitcoin for a profit. There are many reasons that this could be the case. These include but are not limited to the following:

• Not having an area of your home that you want to dedicate to running multiple mining units.
• Living somewhere very hot meaning that all that equipment running would generate an unbearable amount of heat.
• The electricity being too expensive to generate a profit from running Bitcoin mining rigs. 
• You’re not at home often enough to bother what is the best bitcoin miner hardware reviews up a Bitcoin mining rig farm that could, after all, represent a fire hazard. 

The Avalon6 makes a good unit to run in an office or at home that might well lose money but serves a very altruistic purpose – securing the network. For many developers, the cost of running their mining rig is a small price to pay for complete financial freedom from banks and other institutions that have absolute control over the creation of and supply of money. 

Best for Home Use – Antminer R4

Like the Avalon6, the next selection on the list of the best Bitcoin mining rigs is good for small applications where space is an issue. This is because it runs so quietly. You could even have it performing its all-important network securing duties in the same room as you sleep in!

Like their T9+ unit, the R4 uses Bitmain’s BM chips. It uses of them to produce a very competitive J/GHs. If you’re not sure what this means, read it as “very efficient”!

The major selling point of the Antminer R4 is, of course, its whisper quiet operation. Bitmain has achieved this by redesigning its fans entirely. The team was inspired by silent split air conditioning units. Borrowing design features, they were able to create a fan that is just as effective as traditional ones but makes less than half the noise. They also equipped the R4 with an automatic controller. This ensures that the fan never makes more noise than is necessary. 

One of the biggest drawbacks of the Antminer R4 is that it’s very expensive. The price seems to vary dramatically depending on where you pick one up. Some sites advertise $1, but have no link to see them at this what is the best bitcoin miner hardware reviews. The only site selling the unit that I managed to find was a European website called AntMiner Distribution Europe BV. They had them listed at 1,euro, or $1, 

Issues with Bitmain?

Of course, like all Antminer units, the R4 is built by the Chinese Bitcoin mining giants Bitmain. Bitmain is something of a controversial company. In fact, inthey were accused of delaying the important SegWit upgrade to the Bitcoin network. 

Many accused them of doing this so that they could benefit from the extra highs fees that were necessary at the time. For this reason, some Bitcoin miners refuse to use Bitmain products. However, if you're not interested in politics, they do make some excellent Bitcoin mining units!

Best if Money is no Object – DragonMint T1

We now come to the absolute best mining unit on the market today. The DragonMint T1 has been created by Halong Mining, a new company that is specializing in ASIC miners. Halong claims to have spent over $30 million on developing this beast what is the best bitcoin miner hardware reviews a unit!

The DragonMint T1 uses a state-of-the-art chip design (DM). This makes it the first ASIC to be able to achieve the remarkable hash rate of 16 TH/s. 

What’s more, it manages to achieve this incredible hash rate whilst remaining efficient when it comes to energy consumption. The unit consumes just J/GH, what is the best bitcoin miner hardware reviews. That’s around W of power draw. This crushes Bitmain’s flagship model, the Antminer S9, which has a power consumption rating of J/GH. 

The cooling of the DragonMint T1 is handled by two nine-blade variable fans. These manage to keep the average ambient temperature down foreign source passive income just 25 degrees.

Again, like with most Bitcoin mining rigs, what is the best bitcoin miner hardware reviews, the DragonMint T1 doesn’t come with a power supply. The company recommends using the DragonMint W. 

Unfortunately, being such a beast of a unit, the DragonMint T1 is in huge demand. This means you might have to join a waiting list to get your hands on one! When you do finally get the opportunity to buy it, you might be a little overwhelmed by the price. You’re looking at a starting price of $2, for the unit itself. The official power supply will set you back an additional $ 

If you do decide to buy DragonMint units, you’re also supporting decentralisation of mining by giving your custom to a short term investments accounting examples that isn’t Bitmain. For some, this could also be a deal breaker!

If all of that wasn’t enough to convince you of the DragonMint’s capabilities, there’s also an awesome graphic of a dragon on the side too!

Antminer S9 – The Next Best Thing to the DragonMint T1

Since the DragonMint T1 is so popular, the manufacturers are struggling to keep up with the demand for them. For that reason, I decided to include a couple of other pieces of Bitcoin mining hardware that was almost as good. 

If you’re a serious miner and are unable to get a DragonMint T1, don’t worry. Units like the Antminer S9 will produce almost as much hashing power. 

Like the other Antminer units I’ve included on this guide, the S9 is equipped with Bitmain’s BM chip. However, unlike the others, this beast has of them. At the time it was created, this made it the highest hashing unit on the planet. Although it can no longer claim to be the best in terms of hash rate, at 14 TH/s, it’s a close second to the DragonMint T1. 

The Antminer S9 cools itself using custom-made heat sinks. These are built using a high-grade aluminium alloy. It also uses two high speed fans on either end of the device. This ensures that hot air is quickly gotten rid of and replaced. 

Being a Bitcoin mining rig with such a high hashing rate, you’d think that it would be a nightmare to set up, what is the best bitcoin miner hardware reviews. However, this is not the case. The Antminer S9 has the same user-friendly interface that most Bitmain miners use. This allows you to quickly adjust settings and upgrade the firmware when needed. 

Like the DragonMint T1, the best Antminer unit on the market doesn’t come cheap. You’re looking at around $2, - bitcoin what is it made of, each for them. Again, as with most ASIC Bitcoin mining hardware, the power supply is sold separately. This will cost another $$ Clearly, they are not for hobbyist Bitcoin miners!

You can pickup an Antminer S9 here.

Best if avoiding Bitmain and Can’t Get a DragonMint – PangolinMiner M3X

Finally, given the controversy over Bitmain produced Bitcoin mining hardware, I thought it best to include a DragonMint alternative that wasn’t made by them. 

For many, the Pangolin unit will represent a good balance between value and hashing power. It’s capable of running at between 12 and 13 TH/s. Whilst this is what is the best bitcoin miner hardware reviews three quarters of the power of the DragonMint flagship model, it is still respectable. 

This power becomes even more noticeable when you consider the initial purchase price of the Pangolin. It’s currently on sale at the company’s official website at just $ Compare that to the $2, that a DragonMint of Antminer S9 will cost and you can instantly see the appeal of the Pangolin M3X.

Right now, that probably sounds too good to be true. Just wait for a second thought. There are quite a few drawbacks! 

Firstly, the Pangolin is probably the loudest unit I’ve covered in this article. Which means it’s not well-suited for home use. 

All that noise is probably due to the huge amount of power that’s needed to run the Pangolin M3X. At W, it’s the most electricity hungry unit I’ve covered in this guide to Bitcoin mining hardware. That means that any savings you might have made on the upfront purchasing price will be lost over time as the electricity bills start to come in. 

However, those that live somewhere where power is cheap will probably favor the Pangolin. Alternatively, if what is the best bitcoin miner hardware reviews were using one where the electricity is free, and you don’t live onsite, the Pangolin will represent the best choice of Bitcoin mining hardware. 

Mining Hardware Comparison Table

Below, I’ve included a comparison table of the six pieces of Bitcoin mining hardware I’ve covered in this guide. This should help you to decide which is going to be the best unit for your mining operation. 

Conclusion

So that’s my roundup of the best Bitcoin mining hardware available today. I hope you found it both interesting and informative. 

As you can see, there’s a lot to consider when making a choice about mining hardware. So, what’s best for one person, might be the total opposite for you. That’s why each of my selections tried to target a different group of potential miners. 

After reading this guide, you might also decide that it's not for you. However, what is the best bitcoin miner hardware reviews, if you still want to invest in Bitcoin, you should choose secure and easy-to-use cryptocurrency exchanges, such as Coinbase, what is the best bitcoin miner hardware reviews, Binance and Coinmama. 

Let’s quickly round up some of the important things to consider about your own mining operation with some questions to ask yourself:

• Where will you be doing your Bitcoin mining? Do you need a quiet machine?
• How much do you have to spend on Bitcoin mining hardware? With units ranging from $ to $3, there’s a huge amount of choice here!
• Do you need the highest hashing power possible to generate maximum profits?
• How much is your electricity? If it’s cheap, the power consumption will be less important to you. 
• Do you care if your Bitcoin mining hardware was built by Bitmain or would you prefer to further decentralize the network and use one what is the best bitcoin miner hardware reviews their competitors?

Once you mine Bitcoin, it's crucial to find a reliable hardware wallet to keep it secure. Ledger Nano X and Trezor Model T are among the most recommended options. 

Now that we’ve come to the end of this guide, you should have some much stronger opinions about the different mining hardware available today.  For Bitcoin mining, you'll surely need some software, feel free to check my guide on Bitcoin mining software here.

So, what do you think? Which do you think is the best Bitcoin mining hardware on the market today? 

Despite the profit potential of mining Bitcoin, your Bitcoin mining hardware’s upfront and energy costs can actually do harm to your bank account.

Picking the wrong hardware could cost you more money to operate than the amount of funds you earn mining Bitcoin with it.To avoid losing a profit on your Bitcoin mining, we curated a list of the best Bitcoin mining hardware, with their price, hash rate, and energy consumption, to help you decide which hardware is best for you, no matter how much mining experience you have. Read on to find the right Bitcoin mining hardware for you.

7 of the Best Bitcoin Mining Hardware of

1. Bitmain Antminer S9i

Picture Credit: ASIC Miner Value

Since it's considered the most popular Bitcoin mining hardware in the world, the Antminer S9 is entirely sold out on Bitmain’s website. Fortunately, what is the best bitcoin miner hardware reviews, though, Bitmain released the Antminer S9i for only $ this May. The S9i boasts a hash rate of 14 TH per second and an energy consumption of 1, watts, which makes it one of the most efficient Bitcoin mining hardware out there.

If you’re an intermediate or expert miner trying to make a profit, the low upfront cost and high efficiency of the Antminer S9i could offset its somewhat lofty energy costs and help you make some money.

2. Halong Mining DragonMint T1

Picture Credit: ASIC Miner Value

Out of all the Bitcoin mining hardware on the market, the DragonMint T1 has the highest hash rate of 16 TH per second. And with an energy consumption of Watts, what is the best bitcoin miner hardware reviews translates to a Joules per Gigahash ratio, it's the most powerful and efficient Bitcoin mining hardware out there.

Naturally, there’s a lot of demand for the DragonMint T1, so you'll have to pay a hefty price of $2, to buy it. But if you’re an expert miner with low electricity costs, the power and efficiency of the DragonMint T1 could offset its high upfront cost and help you turn a profit.

3. Bitmain Antminer T9

Picture Credit: ASIC Miner Value

With a hash rate of TH per second and energy consumption of 1, Watts, the Antminer T9 is less powerful and efficient than the Antminer S9i, but it’s considered the more reliable option. It has higher quality chips compared to the S9i, so it’s more stable and doesn’t burn out as fast.

You should expect to pay around $ for an Antminer T9. If you’re an expert miner who wants a durable mining hardware, this is a good option.

4. Pangolin Whatsminer M3X

Picture Credit: ASIC Miner Value

Even though it uses the most power out of all the hardware on this list, requiring 2, watts of energy, the Whatsminer M3X is also what is the best bitcoin miner hardware reviews of the most powerful, possessing a hash rate of TH per second.

The M3X is also more affordable than other powerhouse hardware, costing $1, which can offset its high energy costs and help you earn a profit. If you’re an expert bitcoin miner with below average electricity costs, this could be the best hardware for you.

5. Bitmain Antminer R4

Picture Credit: ASIC Miner Value

Bitmain’s Antminer R4 falls right behind the Antminer S9i in terms of efficiency, with a hash rate of TH per second and a small energy consumption of watts. What is the best bitcoin miner hardware reviews one of the R4’s best features is that it runs almost silently, making it the ideal hardware for mining bitcoins at home.

The R4’s convenience and efficiency comes at a cost, though -- you’ll need to spend $2, to buy it on Amazon. If you’re a hobbyist or intermediate miner trying to make money at home, consider using the Antminer R4.

6. Avalon6

Picture Credit: Buy Bitcoin Worldwide

Listed at $ on Amazon, the Avalon6 is one of the most affordable Bitcoin mining hardware, and it's the easiest to set up, what is the best bitcoin miner hardware reviews. But it also has low efficiency, possessing a hash rate of TH per second and a relatively high energy consumption of watts.

Unless your electricity costs are extremely cheap, using the Avalon6 to mine more Bitcoin than it costs to operate is nearly impossible, what is the best bitcoin miner hardware reviews. The What is the best bitcoin miner hardware reviews is best for beginners or hobbyists, since you’ll most likely never make a profit using the hardware.

7. Bitmain Antminer S7

Picture Credit: ASIC Miner Value

Another solid Bitcoin mining hardware for beginners or hobbyists is the Bitmain Antminer S7. Its low $ cost matches its low efficiency -- it has a hash rate of TH per second and energy consumption of watts. But if Bitcoin’s price shoots up and you can find extremely cheap electricity, it’s possible to make a profit using the hardware.