best bitcoin miner

The cryptocurrency market is growing so fast, and one of the fastest growing digital assets (including LiteCoin, Ethereum, etc...) that it has right now is Bitcoin. From the time it began to exhibit signs of potential growth in 2011, many ‘experts’ have been predicting the fall of this world’s largest cryptocurrency by market capitalization.

Since Bitcoin is here to stay, you should start thinking about how you can get your hands on this precious digital currency. To do that, you will need to pick one of the best Bitcoin mining hardware that is available on the market right now. The only way of ensuring that those BTC find their way into your wallet is by selecting the best ASIC miner. With the changing levels of Bitcoin mining, some of the best Bitcoin mining hardware has also changed with time. Mining Bitcoins can only be profitable and fun if you have affordable electricity, the best Bitcoin mining hardware as well as an efficient Bitcoin mining machine. Certain area's cheap electricity has made Bitcoin mining so competitive.

best bitcoin mining hardware

Brief History of Bitcoin Mining Hardware

As indicated earlier, the constantly shifting levels of Bitcoin mining has caused the change that has been witnessed in the market for Bitcoin mining hardware.

This is how Bitcoin mining hardware have been changing over the years.

CPUs

Bitcoin’s creator, Satoshi Nakamoto, had intended for this cryptocurrency to be mined on CPUs. An ordinary PC would suffice in the early days of Bitcoin, but today, mining Bitcoin with a PC is not only impossible but also impractical.

GPUs

GPUs were the next available option for miners after noticing that the CPUs were becoming slower with each given day. They realized that the energy consumption of graphics cards was quite high, and so they could be used to mine Bitcoins. AMD GPUs are actually the best in this regard.

The FPGAs

The shift from CPU to GPU did not only change the mining speed but also maximized the energy consumption. The Field Programmable Gate Arrays became the next available solution.

This is the main difference that exists between GPU and FPGA, both as the best Bitcoin mining rigs: A 600 MH/s hash rate GPU uses about 400-watts of power, while an 826 MH/s hash rate FPGAs consumes just 80-watts of power.

best bitcoin mining rig

The ASIC Bitcoin Miner

Since it is now evidently impossible to use your computer as one of the best Bitcoin mining hardware, a specialized hardware known as ASIC miner can assist. The ASICs, an abbreviation for the Application Specific Integrated Circuits, are what surpassed the graphics cards. ASICs are the best Bitcoin mining hardware that any serious Bitcoin miner should look for. This is a special chip that is mainly designed for the purposes of mining Ethereum, Litecoin, Bitcoins, and because of that, it can provide up to a hundred times better hashing power as well as reduced consumption rates of energy.

In brief, Bitcoin ASICs are specialized computers used for mining Bitcoins, Bitcoin mining rig or Bitcoin generators as others would choose to refer to them. It is very important to note that there is a major difference between Bitcoin mining hardware and the Bitcoin hardware wallets. The first ones are used to mine Bitcoins, while the latter is used to store this digital currency.

best litecoin miner

Factors to Consider When Looking For The Best Bitcoin Mining Hardware

When determining the best Bitcoin miner to purchase, these are some of the factors to focus on;

The Hash Rate 

It is very important to determine the number of hashes in one second that the best ASIC miner can generate. More hashes would technically be expensive, and that’s where the next point comes in…

Efficiency

Apart from just looking for the best Bitcoin mining rig, you should also look for the one that is very efficient. Mining needs a lot of energy, and therefore you should look or one that can be able to convert more energy quantity into Bitcoins.

The Price

Bearing in mind that electricity usage and efficiency are some of the most significant factors to consider here, you shouldn’t also forget that cheap mining hardware will bring in fewer Bitcoins. Be ready to spend much if you need an efficient and fastest Bitcoin mining hardware. The price and hash rate should not be the only guiding points when looking for the best Bitcoin miner. Just aim for the value, and while doing that, remember that the best ASIC miner is definitely is one that is most efficient.

Bitcoin Price’s Risk

The value of Bitcoin is one thing that has to be continuously kept on the mind. Whereas it might appear very lucrative today, the markets are not easily predictable, and the price can come down to any amount the next day. Anyone who has an interest in venturing into this market must understand that one fact.

It is also a fact that the rise in prices comes with a huge reward, as it is evident now, but when they finally come down, there are harsh consequences that might be faced.

Cost Of Other Equipment

Some of these best Bitcoin mining hardware uses a lot of energy, but it is not only that. They also tend to generate too much heat. As a miner, you will need to spend additional money on looking for air conditioners and other machinery that would be used to cool down your best mining rig.

The Block Rewards

At the moment, the rewards are at 12.5 Bitcoins per one block. The reward began with 50 Bitcoins per block, and it has been lowered in every four years. It came down to  25 BTC/Block in 2012, 12.5 BTC/Block in 2016, and is expected to fall at 6.25 BTC/Block in 2020. This is what miners are supposed to get ready for.

For any hobby miner, whose main aim is to purchase as many rigs as possible for the house, here are a compilation of some decent deals as far as best Bitcoin mining hardware is concerned. 

best asic miner

The Antminer S7 Bitcoin Miner

When it comes to the world of Bitcoin mining, this is one of the popular names. It has stayed in the market for about two years {released in August 2015} and so many miners use it at the moment. What makes it loved so much is the fact that it can produce about 0.15 Bitcoins just in one month. Its power consumption might not be the best, but it is available at an affordable price. With a power efficiency of 0.25 J/GH and a power consumption of 1293-watts, this Bitcoin miner has a hash rate of 4.73 TH/s.

The Antminer S9 Bitcoin Miner

Based on the complexities of the current Bitcoin mining markets, the Antminer S9 becomes not only reliable but also one of the best Bitcoin mining hardware. It is capable of generating one Bitcoin in about two months, something that no other device can truly deliver. It has been in operation since June 2016 and has a power efficiency of 0.098 J/GH. With a power consumption of 1375-watts, this Bitcoin miner can produce a hash rate of 12.93 TH/s.

The Avalon 7 Bitcoin Miner 

Without any doubt, the market for Bitcoin mining has been dominated by two major brands; the Avalon and the Antminer. The Avalon 7 is one of the latest that this company has released to the market and perfectly fit in the tag of best Bitcoin mining hardware. It gives a performance at par with its main market competitors although at a lower price and can still be used as a best Litecon mining hardware too. It was released to the market in the last month of 2016 and has a hash rate of 6 TH/s. Both its power consumption and power efficiency are 850-1000W and 0.29 J/GH respectively. This mining rig can produce 0.14 bitcoins in one month.

The Antminer S5 Bitcoin Miner 

Looking for the most affordable Bitcoin mining hardware? Here is one for you. Released in December 2014, this device is a bit outdated but will work best for those who are looking for ways to save. Its power consumption is 590-watts, which makes it a good choice to those who are keen on conserving power. With a hash rate of 1.155 TH/s, this Bitcoin miner can create about 0.05 Bitcoins in one month.

The Avalon 6 Bitcoin Miner

Having been released in August 2015, this Bitcoin hardware is considered as one of the oldest in the market. In fact, it is just as efficient as the Antminer S7 and works better than the Antminer S5. It, however, costs a bit higher when compared to the Antminer S7 but delivers less return. It has a power consumption of 1100-watts, which is also a bit high and can bring in revenue of 0.12 Bitcoins in one month.

Antminer R4 – 8.6 TH

This is one of the most popular Bitcoin home ASIC miner. Despite its 9kg weight and an operating temperature of 10 degrees Celsius to 40 degrees Celsius, this miner only produces 51 dB of noise.  This, according to the scale of noise, can only be compared to a refrigerator or a quiet office. As one of the best ASIC miners, it is capable of mining 0.07031 Bitcoins per month, and around 0.8554 in one year. This would translate to a monthly profit of $208. Its mining hash rate is 8.6 TH/s and comes with a power efficiency of 0.1 J/GH.

Bestseller No. 1Bestseller No. 1 Antminer D3 19.3 GH/s X11 ASIC Dash Miner
Bestseller No. 2Bestseller No. 2 Antminer S7 ~4.73TH/s @ .25W/GH 28nm ASIC Bitcoin...
SaleBestseller No. 3Bestseller No. 3 AntMiner S9 L3+ Power Supply (BTC1800W [email protected]

The decision whether Bitcoin is worth mining lies with you, but if you need some of the best mining devices for this precious cryptocurrency, then there you go. Getting the best ASIC miner would definitely pay off. The choice is yours.

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Last update on 2018-01-16 / Affiliate links / Images from Amazon Product Advertising API