Best Method of Mining Bitcoin

Bitcoin Mining Hardware

Best Method of Mining Bitcoin- Purchasing trustworthy mining hardware and configuring it to a cloud-based cryptocurrency mining pool is the best way to mine Bitcoin or cryptocurrencies on a large scale.

Even before purchasing Bitcoin mining hardware, you can use online calculators with mining pools or other platforms to calculate profitability. They are ranked according to their hash rate, power consumption, operational temperatures, and algorithms mined.

This tutorial examines the best Bitcoin miners and rates them according to a variety of factors. We’ll also learn about a variety of topics in the FAQ area, including how to choose mining hardware and crypto mining facts.

Frequently Asked Questions

Q #1) What is the best hardware for Bitcoin mining?

Antminer S19 Pro, WhatsMiner M30S+, WhatsMiner M30S++, AvalonMiner 1246, and WhatsMiner M32-62T are the most popular Bitcoin mining machines. In terms of hash rate ratings, power consumption, and pricing, these are all different. Profitability calculators with mining pools can be used to track each one’s profitability online.

Q #2) Can I mine Bitcoin on my personal computer?

Yes, you can mine Bitcoin with PC hardware, though it isn’t the best Bitcoin miner because it pays out little and is slow. This is accomplished by downloading NiceHash software and connecting to a mining pool.

You effectively sell your hash rate to NiceHash in order to mine BTC and receive your rewards after a certain period of time. The best way to mine Bitcoin is with a dedicated Bitcoin miner.

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Q #3) How long does it take to mine a single bitcoin?

On Tuesday, September 07, 2021, it would take 1,273.7 days to mine 1 Bitcoin at the current hash rate and difficulty. That’s with a hash rate of 110.00 TH/s and a power consumption of 3,250.00 watts at $0.05 per kWh. This calculator can help you figure out how long it would take you to mine at your own hash rate and power cost.

Depending on the pool you use, connecting a cryptocurrency miner to a mining pool takes a long time to generate more than 1 BTC. However, it is also dependent on your hash rate. It’s a competitive procedure, and the most powerful pools win the most blocks in the shortest amount of time.

When a mining pool wins a block, the rewards are split among those that pool their hash rates to mine on the pool. A commission is also deducted. At the present difficulty level, mining 1 BTC as a lone miner would take five years. It takes less time with pools like TCC, F2Pool, Poolin, BTC.com, and Slush.

Q #4) Are Bitcoin miners worth it?

Yes and no, respectively. It depends on how powerful the computer is in terms of hash rate, power consumption, and other aspects that influence profitability.

Depending on the cost of power in your area, you can expect a reasonable profit with the top Bitcoin miners connected to a pool. Check to see if the equipment you’re buying is profitable. Do your homework on the subject.

Q #5) Is Bitcoin farming illegal?

Not quite. There are no rules forbidding Bitcoin mining or ownership in any area, and even if there are, Bitcoin is a worldwide currency that may be operated and used anywhere. Due of high electricity usage and price volatility, some countries restrict mining and ownership.

Before you start mining, be sure that Bitcoin is legal and usable in your area of operation.

Q #6) How much money do Bitcoin miners make for a year?

With powerful Bitcoin mining hardware and a mining pool, you can earn up to $100 per day per miner. It will be determined by the number of hash rates your machine can create per second, the cost of electricity, and the network’s difficulty.

Some miners claim to earn more than $50,000 a year from crypto mining, while others claim to earn hundreds of thousands of dollars. It also depends on the number of miners on a rig. There isn’t any assurance.

You may earn $34.73 per day with a Bitcoin mining machine rated at 110 TH/s, 3250 W of power consumption, and a $0.05 kW/hr electricity cost.

Q #7) Is there a place where I may mine Bitcoin for free?

You can get mining software like as the NiceHash CPU miner, EasyMiner GUI miner for Windows, Linux, and Android, and BTCMiner for Windows, Linux, and Android. MinePeon is another free mining programme. Otherwise, purchasing a mining rig and connecting to a mining pool and BTC wallet is the most reliable method of mining BTC.

List Of The Top Bitcoin Mining Hardware

Here is the list of the most popular bitcoin miners:

  1. ECOS Antminer S19 J Pro
  2. Antminer S19 Pro
  3. Antminer T9+
  4. AvalonMiner A1166 Pro
  5. WhatsMiner M30S++
  6. AvalonMiner 1246
  7. WhatsMiner M32-62T
  8. Ebang EBIT E11++
  9. Bitmain Antminer S5
  10. DragonMint T1
  11. PangolinMiner M3X

ECOS Antminer S19 J Pro

Bitmain’s Antminer S19 J Pro is the most profitable and powerful equipment for Bitcoin mining. This mining machine has a maximum hash rate of 100 TH/s and consumes 3050 watts of power, making it a popular choice among BTC miners.

It’s critical to obtain legal hosting for your hardware in addition to purchasing a device. It is critical that the hosting be secure and that the device be constantly monitored.

ECOS also offers:

  • Check and set up ahead of time
  • A connection to the mining pool is established.
  • Warranty period: 6 months
  • Service and assistance are available 24 hours a day, 7 days a
  • Personal accounts and mobile apps that allow you to see your daily profits in a single click.

This is particularly important if you plan to purchase numerous devices and set up your own mining farm. Due to high demand, most ASIC miners may be tough to come by, however at ECOS, the devices are available both in stock and on pre-order.

Hashrate: 100 Th/s
Power consumption: 3050 W (±5%)
Noise level: 75db
Temperature range: 5 – 40 °C
Weight: 15,500 g
Price: $12,500

Antminer S19 Pro

Best forindustrial mining.

The Antminer S19 Pro ASIC Bitcoin miner is the best cryptocurrency mining gear for Bitcoin and other SHA-256 cryptocurrencies at the moment. Given the maximum hash rate, efficiency, and power consumption, this is the best option.

With a power efficiency of 29.7 J/TH and an electricity cost of $0.1/kilowatt, this crypto mining hardware generates a daily profit of $12.

This results in an annual return of 195 percent and a payback period of only 186 days. It works best when the humidity level is between 5 and 95 percent. You can link the device to different mining pools including Slushpool, Nicehash, Poolin, Antpool, and ViaBTC, just like any other cryptocurrency hardware mining device.

Features:

  • The next-generation 5nm chip was used to construct this board.
  • The dimensions are 370mm by 195.5mm x 290mm.
  • Features There are four cooling fans, a 12-volt power source, and Ethernet connectivity.

Hashrate: 110 Th/s
Power consumption: 3250 W (±5%)
Noise level: 75db
Temperature range: 5 – 40 °C
Weight: 15,500 g
Price: $2,860

Antminer T9+

Best for experimentation, testing miner settings, and operations.

Although Bitmain does not sell the device directly, it is available through several third-party vendors, as well as on Amazon and eBay. It has three 16nm chipboards. The device, which was released in January 2018, is inexpensive, costing $430 without the power source. The gadget is powered by an ATX PSU with at least ten six-pin PCIe connectors.

However, the gadget looks to have a negative profit ratio of -13 percent, with a daily return of roughly $ -0.71 given the 0.136j/Gh power efficiency. When mining with NiceHash through their pool, however, profitability is estimated to be 0.10 USD per day.

Features:

  • Features 2 cooling fans.
  • Size is 125 x 190 x 320mm

Hashrate: 10.5Th/s
Power consumption: 1432 W
Noise level: 76db
Temperature range: 0 – 40 °C
Weight: 4,200g
Price: $430

AvalonMiner A1166 Pro

Best forexperienced Bitcoin and SHA-256 miners.

Bitcoin, Bitcoin Cash, and Bitcoin BSV are all mined using the SHA-256 algorithm by the AvalonMiner A1166 Pro mining machine. However, you can continue to mine Acoin, Crown, Bitcoin, Curecoin, and other SHA-256-based coins.

It’s a profitable equipment to use for mining. The device will cost you $2.77 per day, $83.10 per month, and $1,011.05 per year at a $0.01 per kilowatt power cost.

It is surely popular among people mining cryptocurrency nowadays, as it is produced by a business that has previously made leading mining machines. The gadget is one of the most efficient mining hardware on the market, with an efficiency of 0.042 j/Gh. The gadget achieves an efficiency of 0.052j/Gh at a speed of 63Th/s.

Features:

  • It has four cooling fans installed.
  • The humidity level should be between 5% and 95% for the equipment to function properly.
  • The measurements are 306 x 405 x 442mm.

Hashrate: 81TH/s
Power consumption: 3400 watts
Noise level: 75db
Temperature range: -5 – 35 °C.
Weight: 12800g
Price: $1,550

WhatsMiner M30S++

Best forexperienced Bitcoin and SHA-256 miners.

The MicroBT Whatsminer M30 S++, as it’s known, is the company’s most recent product and, given its hash rate, one of the quickest cryptocurrency mining gear on the market.

The gadget, which was released in October 2020, mines SHA-256 Algorithm cryptocurrencies and is thus mostly used to mine Bitcoin, Bitcoin Cash, and Bitcoin BSV, due to their high price, hash rate, and profitability.

Because it consumes a lot of electricity, it’s probably not the best choice for novice miners. It’s great for mining where electricity is cheap because you may make an average daily profit of $7 to $12 if the power cost is $0.01 after power costs are deducted. It has a 0.31j/Gh mining efficiency.

Features:

  • It draws 12V of power.
  • Connects via Ethernet cable.
  • Size is 125 x 225 x 425mm.
  • Equipped with 2 cooling fans.

Hashrate: 112TH/s±5%
Power consumption: 3472 watts+/- 10%
Noise level: 75db
Temperature range: 5 – 40 °C
Weight: 12,800 g
Price: $3,999

AvalonMiner 1246

Given its high hash rate, the AvalonMiner 1246, which was released in January 2021, is unquestionably one of the best Bitcoin miner hardware for SHA-256 algorithm coins including Bitcoin and Bitcoin Cash.

With a power efficiency of 38J/TH, the device should earn you $3.11 per day, $93.20 per month, and $1,118.35 per year. This is dependent on the price of mined BTC as well as the cost of electricity in your mining locale. When looking for guidance that is accommodating, it is one of the top Bitcoin mining hardware.

Features:

  • Cooling is provided by two 7-blade fans. The fan design keeps dust off the dashboard, reducing short-circuiting and extending the life of the machine.
  • Auto-alert in the event of a failure that affects the hash rate. This also aids in the auto-adjustment of the hash rate. This can assist avoid or respond to network assaults and potential attack gaps.
  • The dimensions are 331 x 195 x 292mm.
  • It has four cooling fans and connects via Ethernet connection.

Hashrate: 90Th/s
Power consumption: 3420 watts+/- 10%
Noise level: 75db
Temperature range: 5 – 30 °C
Weight: 12,800 g
Price: $3,890

WhatsMiner M32-62T

Best fortesting miner settings and experimentations.

The WhatsMiner M32 is a cryptocurrency miner that uses the SHA-256 algorithm and has a power efficiency of 50 W/Th. The crypto mining hardware, which was released on April 1, 2021, is simple to set up and adapt to any size mining farm. The gadget is capable of mining Bitcoin, Bitcoin Cash, Bitcoin BSV, and eight additional cryptocurrencies.

When compared to the other top performers on our list, you may expect little from this Bitcoin mining hardware because of its poor hash rate and high power consumption.

Expect the Bitcoin miner hardware to create roughly $10.04 per day profit at a power efficiency of 0.054j/Gh, although this depends on the cost of power at your mining location.

Features:

  • Has two cooling fans.
  • Size is 230 x 350 x 490mm.
  • Ethernet connectivity.

Hashrate: 62TH/s +/- 5
Power consumption: 3536W±10%
Noise level: 75db
Temperature range: 5 – 35 °C
Weight: 10,500 g
Price: $1,100

Ebang EBIT E11++

Best foradvanced mining of crypto, industrial mining.

Despite its modest hash rate of 44Th/s, the Ebang Ebit E11++ mines SHA-256 currency like Bitcoin. It features two hashing boards, one of which is powered by two PSUs to prevent damage. With a daily return average of $4 and a monthly return average of $133, you can expect the equipment to deliver a daily return of 0.045j/Gh.

When mining Bitcoin, its profitability is roughly $2.22 per day, though this varies depending on the price of the cryptocurrency and the cost of electricity. You may also mine eMbark (DEM), Terracoin (TRC), and Bitcoin SV with the equipment (BSV).

Features:

  • Because it uses the newest bonding technology, the separate heat sink provides outstanding heat dissipation.
  • The board is equipped with the most up-to-date 10n chip technology.
  • A fault protection kit is included and must be attached to the breakout boards.
  • The power supply is a 2Lite-on 1100WPSU with an X-adapter revision X6B.
  • Ethernet connectivity, two cooling fans, and a power range of 11.8V to 13.0V are all included.

Hashrate: 44Th/s
Power consumption: 1980W
Noise level: 75db
Temperature range: 5 – 45 °C
Weight: 10,000 g
Price: $2,595

Bitmain Antminer S5

Best forbeginner miners, experimentation.

For those searching for crypto hardware mining equipment that uses the SHA-256 algorithm, the Antminer S5 is a popular choice. It’s been around for a while, having debuted in 2014, although it’s been surpassed by newer models.

Bitcoin mining hardware or equipment has a profit ratio of -85 percent and an annual return percentage of -132 percent, depending on the cost of power and Bitcoin price.

With a hash rate of 0.511j/Gh and an efficiency of 0.511j/Gh, it is no longer profitable for mining BTC, with a daily profit of $-1.04. It is only profitable when the BTC price is really high and the power expenses are extremely cheap. It’s great for experimenting with hardware, firmware, and software adjustments due to the low to non-profitability.

Although the power consumption is modest at 590 W, there isn’t much to expect from this device at 1.155Th/s. Plus, you can get cryptocurrency mining hardware for as little as $190-299 for secondhand and $413 for new. It is therefore better suited to newbie miners than mining plants.

Features:

  • The 120 nm fan produces more noise than even an industrial vacuum.
  • Size is 137 x 155 x 298mm.
  • Features 1 cooling fan, 12 V power inputs, and Ethernet connectivity.
  • Lightweight plastic materials make it weigh just 2,500g.

Hashrate: 1.155Th/s
Power consumption: 590 W
Noise level: 65db
Temperature range: 0 – 35 °C
Weight: 2,500 g
Price: $413

DragonMint T1

Best for low-temperature ASIC mining.

The DragonMint T1 was introduced in April 2018, and it has the highest hash rate among the devices examined in this list, at 16 TH/s. Given the equipment’s power efficiency of 0.093j/Gh, anticipate to make roughly $2.25 each day on average.

The original purchaser receives a six-month guarantee on the crypto mining hardware. It also appears to be reasonably priced in comparison to the majority of the devices on our list. The equipment mines cryptocurrencies using the SHA-256 algorithm, such as Bitcoin, Bitcoin Cash, and Bitcoin BSV.

Features:

  • 125 x 155 x 340mm which means it does not take a lot of space.
  • Three chipboards.
  • 12 V power supply max, which makes it more reliable.

Hashrate: 16 Th/s
Power consumption: 1480W
Noise level: 76db
Temperature range: 0 – 40 °C
Weight: 6,000g
Price: $1,371

PangolinMiner M3X

Best foraffordable mining of crypto.

According to evaluations, the PangolinMiner M3X is a new miner on the market that can generate roughly $901 in ROI. The Bitcoin miner hardware is also reasonably priced, at $1,188, when compared to many others on this list, even when hash rates are taken into account.

This Bitcoin miner hardware is used to mine cryptocurrencies that employ the SHA-256 algorithm, such as Bitcoin, Bitcoin Cash, and Bitcoin BSV. You can mine up to or more than 42 coins with it. You also get a 180-day money-back guarantee. The break-even point should be reached in about 180 days.

It doesn’t appear to be a viable cryptocurrency Bitcoin mining gear for mining Bitcoin, with a power efficiency of 0.164 J / Gh/s, albeit that varies on price and electricity costs. For a power usage of 2050W and a hash rate of 12.5Th/s, daily profitability is estimated to be -$0.44/day.

Features:

  • The device runs 28m process node technology which makes power efficiency not so good.
  • It is easy to set up and on the website; you find instructional videos on how to do it.
  • Size is 335mm (L) x 125mm (W) x 155mm (H).
  • Two cooling fans.
  • 2100W custom power unit.
  • Ethernet connectivity.

Hashrate: 11.5-12.0 TH/s 
Power consumption: 
1900W to 2100W
Noise level: 76db
Temperature range: 
-20 – 75 °C
Weight: 
4,100 g. Power supply weighs 4,000g.
Price: 
$1,188

Conclusion

Mining hardware evolves, and new devices with higher hash rates are developed. The greatest Bitcoin miner offers a high hash rate of up to 10 Terahashes per second, as well as excellent power consumption and efficiency. Profitability, on the other hand, is determined by power usage, local power costs, and the price of Bitcoin.

The AvalonMiner A1166 Pro, WhatsMiner M30S++, AvalonMiner 1246, Antminer S19 Pro, and WhatsMiner M32-62T are the top Bitcoin miners according to this guide. Instead of solo mining, it is recommended to use these miners in a mining pool.

All of the devices on this list mine cryptos using the SHA-256 algorithm, making them ideal for mining Bitcoin, Bitcoin Cash, and Bitcoin BSV. Most people can mine up to 40 different cryptocurrencies.

Jennifer Thomas
Jennifer Thomas is the Co-founder and Chief Business Development Officer at Cybers Guards. Prior to that, She was responsible for leading its Cyber Security Practice and Cyber Security Operations Center, which provided managed security services.