Top 10 Coin MinersNovember 24, 2021
Up to $3 billion in Bitcoin is expected to be divided among bitcoin miners in the next year. If you are planning to invest in a Coin miner, then the top 10 miners below cannot be ignored.
Before talking about Bitcoin miners aka buffalo plows, let’s learn the basic terms, which will help us understand the techniques involved in Bitcoin mining. Recently Samsung announced that it will start designing chips for mining purposes. This information came out during one of the conferences in China, and it proves that the competition is going to be tough.
Hash Rate means the number of complex computations that the hardware can complete in one second. The Hash Rate increases the chances of solving the complex calculations necessary to earn Bitcoin as a reward. Hash rate is measured in Megahash or Gigahash or Terahash per second. The first mining hardware has a hash rate from 336 MH/s to 14,000,000 MH/s.
Given that Bitcoin mining is an investment and you have to be willing to bear a certain cost to complete the mining process efficiently, of which one of the main costs is the cost of energy. You can get approximate cost in bitcoin mining calculator by bitcoin mining contract. The more powerful the hardware, the more power you consume. Before purchasing any mining hardware, you should consider the power consumption rating in watts, this will allow you to calculate the cost of energy consumed by the unit and will help you determine the mining capacity. BTC with the aforementioned hardware.
Power consumption and hash rate numbers can help you understand how many hashes can be mined from each watt of electricity that runs through the mining hardware. Then divide the hash rate by the watt consumption of the hardware to get the calculation.
Nice Miner is a free Bitcoin miner that can be used by beginners and is popularly used by bitcoin mining pools and bitcoin mining sites. USB Bitcoin Miners, when connected to a PC with the right software, perform mining with a certain hash rate.
Top 10 Coin Miners
- BitMain AntMiner S5
Even if the Antminer S5 may not be as up-to-date as the other models – the S7 and S9, its functionality is exemplary. The Bitmain Antminer S5 has a power supply labeled 115 Volts, which draws about 560 Watts. Its power consumption is low, similar to those running bitcoin mining computers can accommodate Antminer S5. The device generates about 1 GH/s for every 0.51 watts consumed relative to its efficiency. S3, the efficiency of the S5 has been improved compared to its predecessor. This is one of the best Bitcoin mining hardware of 2019.
- BitMain AntMiner S7
Since its introduction in 2015, BitMain AntMiner S7 has become one of the most popular Bitcoin mining hardware because of its lower energy consumption factor. The recommended power supply unit for using the S7 is 1600 watts APW3, one of the best available on the market, designed specifically for Bitcoin mining. The effectiveness of AntMiner S7 depends on the effectiveness of the ambient temperature and the power used. But, at room temperature around 25 degrees Celsius, the S7 generates about 1300 watts.
- BitMain AntMiner S9
Bitmain Antminer S9 is one of the best Bitcoin mining hardware available in the market. It has the highest hash rate around 14 TH/s. This high hash rate was made possible with the courtesy of 3 circuit boards totaling 189 chips. It is one of the efficient bitcoin mining software out there, where it consumes 300 watts more than the S7, twice as efficient at around 0.1 Joules per Gigahash.
- AntMiner T9
AntMiner T9 is another Bitcoin mining hardware that is a bit expensive compared to S9. The T9 draws about 1450 watts for about 11.5 TH/s for Batch 23 and has an efficiency of 0.125 J/GH. Going by the numbers, the S9 is better than the T9. S9 quality chips are of lower quality which leads to their stability decrease. But then T9 Miner has lower quality problem fixed.
- AvalonMiner 741
AvalonMiner 741 is one of the affordable Bitcoin mining hardware created by a company called Canaan. It offers a good hash rate of around 7.3 TH/s with an efficiency of 0.16 J/GH and has an air-forming cooling system that allows the 88 chips to work as a unit. It even helps keep miners running all the time.
- AntMiner L3 +
The AntMiner L3+ features four boards containing 288 chips, double that of its predecessor. The L3+ is an easy-to-use, power packed mining hardware with a hash rate of about 504 MH/s and use of about 800 watts and sports performance of 1.6 J/MH.
- BitMain AntMiner D3
AntMiner D3 is the best when it comes to Dash ASIC miners. Most of the miners are using this hardware to mine the first coin they convert into Bitcoin and make a profit in the process. The Bitmain Antminer D3 offers a hash rate of 15 GH/s and uses around 1200 Watts. It has dimensions of 320x130x190mm which can really be a good arrangement when running multiple miners at the same time.
- Dragonmint T16
Dragonmint T16 is the first BTC mining hardware to achieve a hash rate of 16 TH/s, making it special. It requires a 1600 W supply but only consumes 0.075J/GH compared to 0.098J/GH in Bitmain’s Antminer S9. Due to ASICBOOST algorithm, Dragonmint T16 efficiency can be increased by 20 percent. This is one of the best Bitcoin mining hardware of 2019.
- Pagolin Miner M3X
The Pagolin Miner M3X is not as energy efficient or efficient as its aforementioned contemporaries but a larger unit because of its embedded ASIC chips. It is the most power demanding Bitcoin mining device on the market, with withdrawal rates ranging from 1.8kw to 2kw. It appeals to people because of its high hash rate of 13 TH/s.
Avalon6 is one of the best Bitcoin mining hardware for beginners. The setup process is quite simple and is one of the profitable ones that have been around for a long time. From the 1050W it draws, it can only output 3.5 TH/s. Unfortunately, the Avalon6 does not come with its own power supply and they can be purchased separately. The Avalon6 makes for a good unit to run in the office or at home that can cost money but serves a very selfless purpose by securing the network.
Profit of investing in Bitcoin mining
Bitcoin mining can prove to be beneficial for some individuals as the equipment is easily obtainable and flexible to different environments. They can perform a cost/benefit analysis to understand the breakeven price. There are several web-based profit calculators that help with cost benefit equation analysis. Even individuals can join a mining pool to compete with major mining hubs.