Advantages of Using Cryptocurrency (Bitcoin)
Bitcoin has a lot of benefits as a currency.
- There is no physical currency. Hence the chances of being stolen are rare
- They are like virtual assets that you can exchange with other users for centralized currency or some other asset
- They are decentralized, e., no central authority can control, manage or manipulate its amount as well as its value
- All the transactions are transparent since Bitcoin uses blockchain technology. This indicates the network of users records every Bitcoin transaction and stored in public distributed ledgers instead of any central governing body.
- They are available in a limited amount, e., there are total 21million Bitcoins in this world. Not a single Bitcoin more or less. Hence this increases its value as an asset
But the question is where are these Bitcoin coming? It’s simple. Bitcoins are digitally mined using your computer hardware. When you use your configuration as a means to secure the public network and process transactions digitally, Bitcoins are given as rewards for your service. Initially, systems will lesser configurations were able to mine Bitcoin in the very short span of time. But with passing time and increasing value of Bitcoin, more powerful systems are required for mining. Sometimes you need dedicated systems just for digital mining of Bitcoins. Those hardware are known as ASIC (Application Specific Integrated Circuit) hardware.
Let us discuss some of the best Bitcoin miner hardware or powerful ASICS and their specifications in details.
Dedicated Mining Hardware
There are a lot of dedicated hardware available in the market solely for Bitcoin mining. Some of them are cheap while some are expensive depending on their hash power they generate every second.
Best Bitcoin Miner Hardware 2018-2019
- Bitmain AntMiner S7
- Bitmain AntMiner S9
- Bitmain antminer T9
- Avalon 6
- Avalon 741
There are lots of questions, surrounding the launch and rise of Bitcoin as the world’s first decentralized digital currency, which are yet to be explored. Since Bitcoins are available in a limited amount, people have started buying them as their market value increases.
Those people who don’t know about Bitcoin, it is a decentralized digital currency which was created with the principle to provide its users or group of users with a transparent and unified transaction mode. In simpler terms, Bitcoin is like a singular digital currency that people all over the world can use.You can also buy bitcoin with your credit card or debit card
Bitmain AntMiner S7
Bitmain antminer S7 can be said as the best Bitcoin miner hardware 2018 due to its high hash rate and low power consumption. When the ASIC miners came into power, Bitmain AntMiner dominated the ASIC miners as soon as it was released in 2015. It is a recommended hardware for those miners who would love to mine Bitcoin for a hobby. Its features include:
- High hash rate of 4.73TH/sec
- Easy installation and working
- Efficiency of 0.25 joule per GH/Sec
- Power consumption of 1293W
The ideal temperature at which this miner should be kept is between 40oC and 77oC. Also, ensure that proper cooling system is provided for the hardware for it to function flawlessly. It was priced for about $2000 when it was first released, but the current market price of this Bitcoin miner hardware has fallen greatly and stabilized at about $550. This makes it quite affordable concerning other miner hardware.
Bitmain AntMiner S9
If cost is not a constraint for you, then bitmain antminer S9 is one of the best Bitcoin miner hardware available in the market. It is one step upgrade of its previous version antminer s7 but with better features. It includes:
- Generates hash power of 14TH/Sec which is very high
- Power consumption of about 1372W
- Extremely power efficient of about 0.098 joule/GH
- Comes with built-in web management portal
- Consists of 3 circuit boards containing around 189 chips
Bitmain antminer s9 doesn’t require high-end liquid cooling systems to cool the ASIC. Simple air coolers can do the trick. The ideal temperature for its proper functioning should be maintained between 40oC and 90OC. It is a bit expensive but easily the best Bitcoin miner hardware available in the market. It was priced around $5980, but now it is directly available on the bitmain official site for about $1099. No matter what, it gives the best profit with the Bitcoin mining.
Bitmain Antminer T9
Bitmain antiminer is a stable upgrade to its previous version antminer S9 although it is less efficient as compared to the S9. A lot of stability related fixings were done in the T9. Its features include:
- Dual fan air cooling system
- Hash rate of about 11.5TH/Sec
- Power consumption of about 1450W
- Runs at higher voltage as compared to S9
Although s9 seems to be an ideal choice in that price range, T9 comes with much stable hardware hence makes the whole system error free. The ideal temperature for this hardware should be maintained between 30oC and 90oC. The price for this model is kept at $1059 which is a bit less than the antminer S9. Hence this can be a good choice for Bitcoin mining. It is to be kept in mind that the temperature should be well below 90oC for the hardware to function properly.
The Avalon 6 came out as a serious competitor to the AntMiner S7 with its powerful configuration and high hash generation rate. Although it is less efficient in comparison with antminer S7 or antminer S9, it does its job effectively concerning its pricing in the market. Its features include:
- High hash generation of about 3.5TH/Sec
- Contains 80 A3218 chips
- Power consumption of about 1050W
- Lower noise generation
Although Avalon 6 is a bit less energy efficient than the antminer S7, still it is arguably the best Bitcoin miner hardware concerning its price. It is priced at $550 in the market. It comes with a single fan cooling system that efficiently cools the system without issue. But for the precaution ensure that the temperature is maintained within 35oC and 95oC. It produces a noise of less than 55db which is quite less. So ideally, Avalon 6 is a good choice for Bitcoin mining enthusiasts.
It is a mid-ranged Bitcoin miner hardware by Canaan which gives quite a power pack performance. It comes with 88 A3212 chipsets as compared to 80 from Avalon 6. Its important features include:
- Hash generation rate of around 7.3TH/Sec
- 16 joule per GH efficiency
- Power consumption of 1150W
- 88 X A3212 chips
- One fan air cooling system of 600rpm
It is priced at approximately $500 in the market and with this price Avalon 741 does a great mining job. Its temperature needs to be maintained within 40oC and 85oC. This hardware produces a considerable amount of noise. Hence prefer to keep this system in a separate space.
How To Select The Best Bitcoin Miner Hardware
It is not difficult to select the best miner hardware if you are plunging into Bitcoin mining. You need to consider various factors before getting the right miner for you. Before buying a Bitcoin miner ask these questions to yourself:
- Do you have free electricity supply? If not what is the average cost per Watt in your area. This question would ensure that your mining doesn’t get you into a consistent loss. Mining hardware tends to consume electricity plus they need to be on 24×7. So better to do an electricity cost analysis beforehand
- Do you have unlimited internet plan? If yes then mining won’t be a loss for you regarding data consumption.
- Are you a hobbyist miner, a Bitcoin enthusiast or a dedicated miner? This would make sure you get the right miner that would serve your purpose.
Depending on your questions you can select the best Bitcoin miner hardware for your home. You need to consider a few factors before getting your miner. They are:
- Hash rate per second
- Cost of the miner
- Efficiency of the miner
- Power consumption
- Cooling system
The higher the hash rate per second the better the mining. But ensure the power consumption is low. If you are a hobbyist, then go for less hash generation rate and low power consumption one that comes under low to mid range price.
If cost doesn’t matter for you, then go for better hash generation rate and better efficiency one.
If you are dedicated Bitcoin miner, then you can easily check for:
- Higher hash rate
- Higher efficiency rate
- Lower power consumption rate
- Better cooling system
These factors would ensure you get the best miner for your purpose. Although mining has grown a lot difficult with more and more people entering into the mining business, you need to make sure your system is powerful enough to mine at least 1BTC in a year.
Graphic Cards For Bitcoin Machine:
Dedicated hardware is specifically designed for Bitcoin mining. Other than these, there are mining GPUs that can be considered to make the best Bitcoin miner hardware.
- NVidia GeForce GTX 1070
- NVidia GeForce GTX 1080 Ti
- AMD Radeon RX480
- NVidia GeForce GTX 1060
- AMD Radeon RX 580
Best GPU For Mining Machine :
Many miners do not recommend using your personal computer for Bitcoin mining purpose. It is because computers are not designed for Bitcoin mining (ironically, when Bitcoin was initially launched it was mined through personal computers with less powerful configuration). But as an exception, a good powerful graphics card can do the job of mining properly without affecting your PC. Such graphics need to be of high power and higher VRAM to mine Bitcoin without loss. Let’s discuss some of the compatible GPUs that can be used for mining.
NVidia GeForce GTX 1070
NVidia GeForce has some powerful performance on board that would make mining through personal computer an easy job. GTX 1070 is one of the best GPU for Bitcoin mining. Most of the mid-ranged to high-ranged GPUs are capable of decent mining work.
- VRAM- 8GB DDR5
- Memory clock- 8gbps
- Core clock- 1506 MHz
NVidia GeForce GTX 1080 Ti
The second GPU is the GTX 1080Ti.it is a high-end GPU that is best suited for high-end graphics works like high-end gaming or rendering works. But the power consumption of this GPU is quite high. It consists of:
- VRAM- 11GB DDR5X
- Memory clock- 11GBPS
- Core clock- 1480MHz
AMD Radeon RX480
The Radeon series gives some of the best GPUs although their resale value might not be as good as GeForce ones. The RX 480 is not the latest graphics in this lost but is a lot powerful when Bitcoin mining is concerned. It features:
- VRAM- 8GB DDR5
- Memory clock- 8GBPS
- Core clock- 1120 MHz
NVidia GeForce GTX 1060
This is a mid-ranged GPU that gives the best performance within your budget. Its performance might not be as good compared any of the above GPUs, but considering the price range, it does a commendable work. Its features include
- VRAM- 6GB DDR4
- Memory clock- 6GBPS
- Core clock- 1506 MHz
AMD Radeon RX 580
One of the most powerful Radeon GPU is the RX 580 which offers a powerful hash generation rate of 54TH/sec. It is quite cheaper than the GTX 1070 and gives a good performance. It features
- VRAM- 8GB GDDR5
- Memory clock- 8 Gbps
- Core clock- 1257 MHz
All the above GPUs are excellent gaming graphics cards that are quite good in Bitcoin mining. Hence they can be considered to custom build the best Bitcoin miner hardware.
Bitcoin mining has increased since 2009, and this year a lot of people have entered this mining stream. With the demand, the value of Bitcoin is also increasing day by day with its current value being approx. $16500. With this price it is quite obvious; people would be interested in investing in them. Since right now buying one Bitcoin would be more difficult hence people choose to mine their Bitcoin. If you select the best hardware and are ready to give your hardware time, electricity, Internet and lots of patience, then you can generate one Bitcoin in less than a year.