Bitcoin can be mint on any kind of hardware either it is the processor of Laptop, desktop or GPU. What is important to know for the miner is to make sure that the process of mining Bitcoin or altcoins are profitable or not. The miner needs to determine it that he is making BTC at that hash rate, the cost of making is less than what he earn.
Important things need to know before purchasing any hardware miner:
Mining becomes competitive as miners built the blockchain. In order to determine that BTC mining or other cryptocurrency mining is profitable, one must compare the hardware cost with the attributed benefits associated to it because good mining BTC are mostly expensive but pays back lucrative profit.
Here we take notice of some important features take into account to determine the profitability associated with the mining process.
Hash rates are measures in Tera hashes per second TH/s or Giga hashes per second GH/s. It is the speed at which the mining of Bitcoin occurs. High hash rate is indicating a strong & powerful hardware mining efficiency.
Watts per hash rate
Here we take notice of watt per tera hashes W/TH or watt per giga hash W/GH that determines the consumption of electricity at hash rate.
Example: Hardware Antminer S5 had an efficiency of 0.51 W/GH it replaced by its new version Antminer S7 with 0.25 W/GH showing half of the electricity consumption reduces comparative to Antminer S5. Hardware miners generating high hash rate with low watt shows efficiency of miners.
Electricity consumption cost matters a lot. If electricity charges are high comparative to benefits of making BTC then miner should face loss instead of any benefit link to mining of bitcoins or altcoins. Countries with cheap electricity cost are at the edge of the benefit while mining Bitcoins or altcoins like China.
Hardware miners produce heat & extra heat vulnerable to mining process. Cooling fans are used to cut down temperature. This cost also incurred in mining bitcoins & altcoins.
Therefore, hardware miners with high hash rate consuming low electricity are preferred to purchase for making profitability.
Bitmain Antminer S9
Bitmain Antminer S9 is an ASIC Miner & is considered the best mining hardware for mining BTC & other altcoins. Some of the striking features are mentioned here; Speed calculates 14TH/s, watt consumption is 1375 watt, algorithm for BTC is SHA 256. It mines 0.007 btc per day after deducting electricity consumption cost.
Antminer S9 is considered 2.5 times more efficient than Antminer S7. However, it’s electricity consumption which is around 1375 watts, 375 watts more than S7. It is built on Nanometer technology accelerates computing coins with electrical efficiency. Its price stands around $2100 at ebay.
It remained a market leader in mining bitcoins prior to introduction of Antminer S9. High hash rate, 4.73 TH/s with a power supply 1350 watts. At ebay plate form, it is available at affordable price around $300. It consumes 0.25 J/GH. Two fans are connected to it to cool down the miner. Antminer is connected to the Ethernet network. It is a little noisy but performance is quite good.
Price: from 300$
Antminer R4 is also recognized a best ASIC miner in 2017. Its configuration comprises of 8.6 TH/S, consuming 920 watts. Its price availability is around $3600. Coin algorithm is SHA 265 (BTC).
Price: from 3600$
It is considered a competitor to Antminer S7, producing 3.5 TH/s with a power supply 1100 watts. Least hash rate compares to Antminer S7. Avalon6 is accessible at $425 & easy to set up. When it introduced in 2015, it gained much popularity. Still, it is profitable in making bitcoins.
Price: From 425$
BW L21 Litecoin Miner
It is litecoin scrypt ASIC miner. Its price is 2 299€, hash rate 550 MH/s with a power consumption of 950 watts. Litecoin is the most reliable altcoin with a vast circulation after bitcoin. It has adopted Segwit like bitcoin & its block chain using atomic swap technology made it more prominent. It is a tested currency that pays attractive profit. For litecoin mine lovers, this hardware miner is the best.
Antminer L3 ASIC Litecoin miner
It produces at the speed of 504 MH/s, with 800 watts’ electricity consumption. It is quite expensive litecoin miner hardware, obtainable at $2490 in the market & the payback period is 144 days. It is a good choice for litecoin miners.
iBeLink DM22G is used for Dash coins mining. Its speed for making coin is accounted at 22 GH/s. Electric utility is low which is around 810 watts, the miner is environment friendly & operates at temperature varies from O degree centigrade to 40 degrees centigrade. Power supply comprises 110V to 240V.
Network connection is Ethernet. Its credibility cab be accessed that it is certified by FCC & CE. 5 cooling fans are connected to it, providing proper cooling to the hardware machine. Ethernet network connectivity is used to mine Dash coins. Price of this hardware miner is $13500. It is used for both large scale & low scale mining as well.
Baikal X11-X13-X14-X15-QBIT-QUARK-ASIC MINER
It is a mini dash miner hardware. It mines at 150 MH/s, consuming 40 watts & is reachable within price around $628 in the market. It is a multiple algorithm miner.
Price: from 628$
ASIC X11 miner DR3
This ASIC miner is used for mining dash coins. ASIC X11 miner DR3 cost is $2269, a high priced miner. Its payback period is 4 months. It launched by a Chicago based company. It generates hash rate, 600 MH/s with a power supply 345 watts. It is rated at 5 five stars because of giving high performance at low electricity consumption.
Innosilicon A5 Dash Miner
Innosilicon A5 Dash Master is a product of Innosilicon using new ASICs for mining Dash coins.
The uniqueness of the miner is that it has 38 GH/s that no other miner is contributing at this level. Due to its ultra-fast mining capability of coins, the return on investment is obtained in two weeks. High-cost Innosilicon A5 Dash Miner is available with a price around $9999, mentioning at manufacturer’s website. It is considered the alternative to the Antminer D3.
Pinidea Asic X11 Miner DR-100
A china based company manufactured the Dash miner. Its hash rate comprises 17GH/s with power supply 820 W. Double fan is connected to the miner for reducing heat effects. Algorithms X11. It is designed to compete Antminer D3. Price availability estimated at $3999.
Innosilicon A4 dominator
Another Litecoin ASIC Miner which is also consider a cost efficient is Innosilicon A4 Dominator, the speed at which mine is 280 MH/s consuming electricity around 1050 watt & coin algorithm is script. The accessibility of this miner is possible at $3200.
It is observed that between 2015 to 2017, more hash power has been added to the Bitcoin network, it has tripled in 2 years. As the network hash rate increased three times more so the miners with least hardware capability would be able to get less bitcoins.
Bitcoin block mining reward (As a reward to update Bitcoin network) is reducing with the passage of time. The reward of mining bitcoins has been reducing during 4 years accordingly. In the beginning, 50 bitcoins per block were rewarded, later it decreases to 25 btc per block & 12.5 per block respectively
Considering this aspect, mining with CPU becomes obsolete & mining with graphic cards reducing while masses focuses their attention to mine bitcoins & altcoins by using latest hardware miners which are capable to mine cryptocurrency at high hash rate with low electricity consumption, giving lucrative returns.