Cryptocurrencies are not a new concept. Nowadays, digital currencies are spreading into all sectors of life, so it’s important to know at least the basics about them. But most people prefer not only to learn but also to benefit from it. Becoming a bitcoin miner has to keep in mind a lot of details. Everything starts with the right choice of bitcoin mining hardware, and then comes the search for the perfect place to install the equipment and start mining. But the market is overflowing with different solutions. Some people are talking about Antminer s9 profitability, and others are advising to rent power and put everything in professional hands. But how to be? Let’s figure it out now.
The Popularity of Cryptocurrency: Why Mining it?
Digital money has long been commonplace in various industries. A growing number of countries are recognizing them and introducing them into different spheres. And despite being in the spotlight for a long time, the demand for crypto is only growing. This explains the following:
- Widespread acceptance and versatility. Figuring out how the currency works, setting up a wallet, becoming a miner – it’s not difficult at all. Crypto enters a variety of fields. Business and banking are already actively using it. Even gambling allows playing with digital money.
- All transactions and transfers are actually kept in the public domain in an archive, so no currency transaction is lost.
- The security of the currency is very high.
- Anonymous payments, so it is impossible to trace the payments.
- An opportunity to get and earn cryptocurrency, with almost nothing invested, but using a computer to do so.
- Cryptocurrency is still the most promising currency of the future. It has many advantages. Today, many people can earn on digital coins, invest their money, play on the stock exchange, do mining, consult beginners in different spheres.
It follows that if you have the desire and enough money for equipment, you can become a cool bitcoin miner.
A Few Words on the Essence of Mining
Mining is the process of creating digital currencies. There are certain functions and tasks in mining for the performer. All transactions on the network are not handled by any one central authority, but by any user connected to the network. And in order to motivate users to spend their time and computer power to process transactions – the system creates, and charges the miner a reward in the form of cryptocurrency or its part for a certain number of processed transactions.
But not everything is simple. Most cryptocurrencies run on blockchain technology, which means that each transaction contains information about all previous transactions on the network. Therefore, the complexity of cryptocurrency transaction processing is constantly increasing, and only one miner who was the first to process the transaction receives the reward. Therefore, mining is a serious job that requires some knowledge and investment.
How to Choose the Best Bitcoin Miner Hardware?
Consider the following criteria:
- Hash rate. Mining is a complex process, which is why it is very important to invest in the right equipment. Each piece of hardware has a number of characteristics that affect the quality of mining. Hash speed in blockchain and cryptocurrency operations is defined as the number of hash operations performed in a certain period of time, or bitcoin miner speed. Hash speed is a significant factor in the logistics of cryptocurrency mining and blockchain operations, and it is something that is often evaluated and discussed in cryptocurrency communities. The higher the hash rate, the more likely you are to get your first block sooner.
- Electric power. Crypto mining is always a lot of electricity. A powerful machine will need the most amount of electricity. And it is the powerful equipment you should choose to work with. That’s why it’s also necessary to consider how much power your hardware will need when selecting your mining machines.
- The type of currency. It is possible to mine more than just bitcoin anymore. Given the growth of the cryptocurrency market and the new possibilities of mining, some developers have started to launch their blockchains and their cryptocurrencies with different block values.
Best Bitcoin Miner Hardware
Antminer S9
- high-performance capacity with a high hashing rate,
- efficient energy usage,
- productive for profitable mining.
Antminer S19 95T
- huge hashing power,
- highly profitable for mining bitcoin,
- energy-efficient mining.
Antminer T19 84T
- tremendous hashing power,
- profitable for mining bitcoin and bitcoin cash,
- efficient energy consumption.
Whatsminer M31S 80T
- hashing power of 106 TH/s that could increase to 110 TH/s,
- high mining profitability,
- huge hashing power providing high performance.
Whatsminer M30S+ 100T
- hashing power of 100TH/s, increasing to 105TH/s under optimal conditions,
- works with great performance,
- energy consumption of 31J per terahash.
To Sum It Up
To select the best hardware for digital money production, consider speed, hash rate, and energy used. Try new models and make sure that the device is powerful. Mine crypto now and profit even from the comfort of your own home.
