Cryptocurrency mining is one of the most innovative and excited ways to take part in the global crypto markets.
However, to mine digital currencies efficiently and thus profitably, you need the latest crypto mining hardware.
Read on to discover the best bitcoin and crypto mining hardware you can purchase to mine cryptocurrency today.
Crypto mining hardware refers to specialized computer hardware used to solve mathematical puzzles that are part of a Proof of Work-based cryptocurrency’s consensus algorithm to secure the network and receive the block reward.
For miners to compete effectively, they have increasingly embraced more powerful mining hardware. That means to mine competitively, miners must invest in super powerful mining equipment like an application-specific integrated circuit (ASIC). These types of equipment can cost upwards of $500 and the most powerful thousands of dollars.
Mining can be profitable if you’re mining the right cryptocurrency and are using suitable mining rigs.
ASIC (Application Specific Integrated Circuit) mining rigs are the standard for anyone looking to efficiently mine bitcoin (BTC) and other leading Proof of Work coins. This class of hardware has only one function and that is to mine cryptocurrencies. The energy produced from mining with ASIC miners is usually calculated in terahashes per second (th/s).
Now, let’s take a look at some of the top mining hardware you can purchase to build an at-home mining operation.
S19 Pro is the newest generation SHA-256 algorithm ASIC in the mining space. It is currently one of the the best ASIC mining hardware machines, and most commonly known for its use in mining bitcoin and other cryptocurrencies with a Secure Hashing Algorithm (SHA) of 256 bits, the highest known hashing algorithm.
This ASIC miner’s required input voltage is 220v. It produces a hash rate of 110 terahashes per second (Th/s) with more than 3250W of power during use, with a power efficiency of 29.5J/TH, and is currently sold at $2,860.
The WhatsMiner m30s is said to have the highest hash rate among commercial SHA-256 miners. This MicroBT mining hardware mines at a hash rate of 112 terahashes per second (Th/s) with a power consumption rate of 3,472W and is known for its strong stability and profitability.
The m30s provide high efficiency, a high hash rate, and draws 12v of power, and is suitable for industrial farm minings.
The AvalonMiner 1246 is a mining device produced by Canaan Mining with a SHA-256 algorithm. It has a maximum of 90th/s, power consumption of 3,420W, and power efficiency of 38J/TH, one of the highest power-consuming mining hardware. This crypto miner was first released in January of 2021 and is mainly used for mining bitcoin.
One of the significant features of this crypto miner is its flexibility and ability to fit into various cabinet sizes. It has an alerting system that auto informs the user when there is a malfunction affecting the hash rate. It also comes with four fans which help cool off the energy produced.
Canaan’s AvalonMiner 1166 Pro is another SHA-256 algorithm mining hardware with a hashing power of 81th/s, a power consumption rate of 3400W, and a power efficiency of 42J/TH.
This mining hardware provides users with safety and quality and comes with a built-in AI chip with a standard reinforcement design. The AvalonMiner 1166 is an excellent option for expert Bitcoin miners.
The DragonMint T1 is an ASIC Bitcoin mining hardware developed by Halong Mining. It uses an SHA-256 algorithm. It provides a maximum hash rate of 16Th/s with consumption of 1480W and power efficiency of 0.093j/GH. The DragonMint T1 is not space-consuming and is easy to work with due to its lack of vulnerabilities.
The EBIT E11 is the best for advanced crypto and industrial mining. It is an ASIC SHA-256 algorithm mining hardware with a low hash rate, providing 44Th/s and power consumption of 1980W, and an efficiency of 0.045j/GH.
The hardware provides low efficiency due to its low hash rate. It comes with two hashing boards that are powered by 2 PSUs. It also possesses a heat sink which allows for better dissipation of heat during its usage.
While mining profitability has become more difficult over the years, with the right mining setup, you can still build a profitable crypto mining operation.
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