Investing In Bitcoin Mining
The Image Represents A User Investments In Crypto-mining. Credit: Freepik

Best Bitcoin mining hardware to make investments

Author at TechGenyz Bitcoin

Although the cryptocurrency started a bit shaky, it has become more stable, up to the point that accumulating Bitcoins is a wise move for your financial future. Since the Bitcoin mining process can be quite complicated, the best ASIC miners out there can help in solving complex computations.

Bitcoin mining is an investment, and to accomplish the mining process, you will need to put in some money. The energy cost is one of the major expenses, with the more powerful hardware utilizing more energy. 

Before making the purchasing decision, determine the viability of Bitcoin mining hardware by calculating the costs of energy consumption by the unit you have your eye on. 

Besides the electricity consumption rating in watts, you should take into account the hash rate when looking for the best mining hardware available on the market. The latter refers to the number of complex mathematical problems that the miner can make per second. 

Let’s take a deeper look at some of the best Bitcoin mining hardware!

1.BitMain AntMiner S9

Right now, BitMain AntMiner S9 is one of the best Bitcoin mining hardware available on the market. With a hash rate of about 14 TH/sec and 0.1 joules per GH/s, it is the most efficient and the most powerful one out there. 

The impressive hashing power is achieved via 189 chips spread over 3 circuit boards. Compared to the S7, this miner consumes 300w more, but it is also twice as efficient. On average, it can generate around 0.5 Bitcoins monthly. 

Power-efficient ASIC miners with superior performance can help you make Bitcoin mining a profitable endeavor.

AntMiner S9 comes with a higher price tag due to its excellent mining abilities. You can get it on eBay or Amazon for about $2100. With the lower electricity expenses, the miner pays for itself in a reasonable amount of time. 

2. BitMain AntMiner T9

This excellent Bitcoin miner released in January 2017 comes with a higher price tag than the previous one. Also, the AntMiner T9 is less powerful and less efficient, producing approximately 11.5 TH/sec for Batch 23 while consuming 1450w. 

What’s great about this particular miner is its reliability. The T9 miner might have worse numbers than S9, but it features better quality chips, leading to increased stability. 

The price is more affordable too. If you get this miner directly from BitMain, it will cost you about $1059, and it comes with a 180-day warranty.

Greater stability also means less maintenance, less downtime, and less aggravation in general. 

3. ASIC miner 8 Nano Pro

This ASIC miner was only introduced last year, but with jaw-dropping 76 TH/sec, it is the second most potent Bitcoin miner hardware. Unfortunately, this fantastic hash rate comes with a considerable price tag. 

At $11,600 for this unit, it might take a year or longer to turn some revenue.

On the other hand, the water cooling system is silent while evenly removing the heat from the chips. This means that this miner can easily be installed in living areas. 

Also, the chips feature a rather advanced processing power. Higher performance per chip, together with 0.08 J/GH efficiency is what makes the ASICminer 8 Nano Pro, one of the most powerful and efficient Bitcoin mining hardware. 

4. Avalon 6

This mining hardware is one of the most profitable ones, and one of the best ones out there for beginners. If you are just finding your way through the cryptocurrency industry, this one is the go-to option. 

When compared to the competition, Avalon 6 is the second most productive miner available.

This is not only one of the cheapest hardware on the market, but it is also pretty simple to use. Moreover, these miners utilize Avalon’s newly designed 5th generation chip. 

On the downside, this unit manages to produce only 3.5 TH/sec of hash rate while drawing 1050w. Still, this is a stable and powerful Bitcoin miner. 

The Avalon 6 unit costs about $550. Bear in mind that this miner is quiet enough to run at home.

5. DragonMint T16

DragonMint is considered to be one of the best BTC mining hardware in 2020, boasting an impressive 16 TH/sec hashing power. AsicBoost technology provides greater mining efficiency (up to 20 percent higher), so this miner consumes only 0.075 J/GH while utilizing 1600w.

Due to its remarkable power-efficiency, this miner is 30 percent more efficient than its competitors. Even with high electricity costs, DragonMint T16 remains profitable. 

Hash rate and power consumption make this miner superior one in the market. At $2,729, the price is a bit hefty at the moment, but according to some estimates, the cost will reduce with competition and time. 

Mining for Bitcoins is getting harder and harder, but with some quality mining hardware, you can still create positive ROI and make a profit as a Bitcoin miner.

The Bitcoin mining equipment can be easily obtained, and with a cost-benefit analysis, your Bitcoin mining venture could turn out to be quite profitable. There are online profitability calculators that can help you determine the estimated cost of return on mining hardware and decide on the best ones.

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