By continuing to browse this site, you agree to this use. Learn more Hold your horses, Olly: Tech fails that ruined people’s lives If you want to get started with mining your own Bitcoin BTCthese days you need ASIC application-specific integrated circuit devices, which are specifically built for the purpose. Since everyone is jumping on mining mining bandwagon, these devices can be expensive and difficult to buy.
In most cases you’ll also need to purchase a good quality PSU power supply device ensure maximum efficiency.
Top 5 USB Bitcoin Miners
Your main consideration when purchasing a device should be how soon you’re likely to see a return on your original investment. This is determined by the hash power bitcoin the device — i. To help you make your decision, we’ve listed the current price, hash rate and power usage of each device.
While these numbers mining helpful, we encourage you to use a profitability calculator such as the one available from Coinwarz before ordering to estimate your return in BTC. Remember that you’ll also need to pay electricity costs and mining pool fees, device mentioned.
The profitability calculator allows you to enter these to calculate your ROI return on investment more precisely. The exchange rate between Bitcoin and fiat currencies is very asic, so if you want to cash out quickly, register with a BTC exchange such as Bitstamp see our guide on registering with Bitstamp. The Antminer S9 is manufactured by Mining, the largest and most well-known mining equipment manufacturer in the world which has been going device The Antminer S9 or S9i is one of the most popular ASIC mining devices out there, and other mining hardware asic often benchmarked against bitcoin.
Indeed, at the time of writing, the unit is sold out on Bitmain’s website, but the S9i version is available which is basically the same unit.
You can buy units from Amazon and auction sites like eBay, although prices are much mining and units may not be covered by Bitmain’s warranty buyer beware, as ever. Bitmain regularly improves the specs of S9 units, so if you buy second-hand, make sure to check the exact hash power offered.
The most recent units were shipped out in May with an optimal hash rate of The Antminer S7 asic manufactured by Bitmain and is the predecessor to the S9. Since the S9 arrived, many miners have upgraded, device the market with relatively cheap used S7 devices.
Bitcoin Mining Hardware Comparison
Although the S7’s hash power is only around a third that of the S9, due to the lower cost and the fact that many second-hand units come with a PSU pre-bundled, you may see a faster return on your investment than with the S9. The S7 mining also generate less heat and noise than the S9. If you do decide to purchase an S7, be sure to check how long it’s been in operational use to decide how reliable it might be, and furthermore, check the seller’s refund policy in case it develops a fault after you buy.
Even with a high-end PSU, the S7 is still not as energy-efficient as the S9 — on average it consumes 0. The S9 is over twice as efficient, requiring less than 0.
Like its predecessor the AvalonMiner 6, the 7 series has had generally good reviews with miners praising Avalon’s innovation in pioneering the A 16nm chips employed in the units, as well as how quiet these devices are when running. In total, this may still cost less than purchasing a used S7 unit.