Cryptocurrency mining has become one of the most lucrative businesses of 2020. It might seem like an easy way of earning, but the truth is that there is a lot that one needs to learn. There are plenty of variables that need to be considered before one decides to join the venture. Such variables play a substantial role in determining the maximization of profits in the cryptocurrency industry. Among the variables is knowing how to mine and what to mine to maximize profits and reduce costs. Once you have learned all this, the next step is to find the conducive cryptocurrency mining hardware available. Through this article, you will be able to learn more about the top cryptocurrency hardware.
What you need to know
The cryptocurrency industry keeps on changing, and therefore, it would not be advisable for an individual to rely on information from previous years. If you are seeking to join the bitcoin industry, you need to be up to date with the current developments to ensure that you maximize profits. For instance, in May 2020, the cryptocurrency was halved. It is unclear how such a decision will affect the bitcoin industry, and therefore, one needs to rely on 2020 data when making decisions regarding the bitcoin industry. Initially, the block reward stood at 50BTC. However, following the halving, the reward has gone down to 6.25BTC. Therefore, if you rely on previous data, you might expect a reward of 50BTC per block, yet the current reward stands at 6.25. having known all this, here are some of the common 2020 cryptocurrency mining hardware in the market.
- Innosilicon A9
This hardware has a hash rate of 140KSol/s and power consumption of 1550w. The shipping of the product began in February. Therefore, it is readily available in the market. It provides users with excellent computing power, which is necessary for the mining of the ZCash. The hash rate has increased by 20 from the previous model. One of the hardware’s best features is that it operates at a low cost and, therefore, when properly used, it can guarantee the users a considerable return on investment (ROI). Additionally, its hash rate is way ahead as compared to that of other miners.
- Bitmain Antiminer Z11
The miner has a consumption power of 1418w and a hash rate of 135KSol/s.
compared to its predecessor (the Z9), this miner has tripled the hash rate. Therefore, this makes it more efficient for miners. Additionally, it saves approximately 60% on electricity costs as compared to its predecessor. A desirable feature of this model is its 12nm chip internal circuit, which has primarily increased the miner’s efficiency. It is compatible with the Equihash hashing algorithm, thus conducive for ZCash miners.
- Bitmain Antiminer E3
The hardware has a hash rate of 190MH/s and power consumption of 760W. It was launched in 2018, making it the first Ethereum-based ASIC miner. It made significant changes in how cryptocurrency miners would adopt into the growing market of cryptocurrency. It is a cost-effective and robust hardware that will maximize the user’s profits. Considering the various features of the Ethereum, such as decentralize, trade, codify, and secure, it turns out to be the most commonly used crypto. Therefore, this makes the Antiminer E3 a perfect choice.
- Innosilicon A10 ETHMaster
This is one of the highest-powered models with a hash rate of 500MHs and power consumption of 750w. The hardware provides users with an A10 ETHMaster, which is one of the most profitable devices in the market. The device can deploy outside the box, thus making it possible for the user to increase their operations, and, hence, a considerable ROI. This is made possible by the PSU that is included in the hardware. If you are looking for a cost-efficient device that will guarantee you huge returns, this is one of the options you should be thinking about.
It has a hash rate of 57 TH/s and power consumption of 3300W. The device includes the leading bitcoin miners in the industry. Therefore, this is an indication that it is an excellent model for an individual seeking to make huge returns. Also, the high-efficiency hash rate stands at 33 TH/s, operating at a power of 1650W. Such offers the user a wide range of options to suit their firm’s operations. The series also has the T3+ Pro, which is more efficient and operates at a power of 3300 W and a hash rate of 67 TH/s.
Bitmain Antitimer S19/S19 Pro
It has a hash rate of 110 TH/s and power consumption of 3250W. This is the latest model from Bitmain. The best part about this model is that it is equipped with a custom-built chip of the new generation, making it possible to have a power efficiency of as low as 23 J/TH. The model has increased stability as compared to the previous models. Among other features of the miner are an intelligent control mechanism and a fast speed startup. Therefore, users should expect to make huge returns at a reduced cost. It is one of the best devices for individuals seeking to operate with hardware that supports the new generation technology.
- Bitmain Antiminer S17+
The model has a hash rate of 73 TH/s and a power consumption capacity of 2920 W. The model provides an increase in hash rate and power needed to mine bitcoin compared to the previous model, S9. The model was released in April 2019 and has been a good choice for bitcoin miners seeking to increase their work efficiency in 2020. The series also has the S17e, which has a hash rate of 64 TH/s and a power consumption capacity of 2880 W. This leaves the user with a wide range of options to choose from.
- MicroBT Whatsminer M30S
This model has a hash rate of 86 TH/s and a power consumption capacity of 3344 W. the hardware uses the Plug-and-play ASIC method of mining bitcoins. The miner has been available from April 2020, and therefore, its popularity in the market is increasing day by day. The best feature about the miner is that it has a built-in fan, which helps in regulating its heat when operating at full capacity. A miner is an advisable option for individuals seeking to make huge profits mining bitcoin.
- Canaan A11 series
Its hash rate of 68 TH/s and power consumption of 3196 W makes it one of the miners with high efficiency in mining bitcoins. It has been in the market since October 2019 and, therefore, proven to be among the best miners. The AvalonMiner 1146, a cheaper model from the same series, would operate at a hash rate of 56 TH/s.
How to choose the best hardware
Choosing the best hardware might be harder than you think. The industry for developing cryptocurrency miners is quite competitive, and therefore, most of the miner’s capacities lie within the same range. Hence, choosing the right one would require the expertise of an individual who has been in the cryptocurrency field for a long period. They know which hardware would help maximize profits at a reduced cost. They also know the best fit model for your family office. The above miners are some of the best options for 2020 that you can choose from. Choosing a miner with a good host will guarantee you better payouts.
Now that you have understood the various cryptocurrency mining hardware, you must choose the one that you feel will work best for you. Suitable hardware requires a good host for it to maximize profits and reduce costs. D-central is designed to achieve the best from the blockchain technology. Given our years of experience, we have the best solutions made to help you maximize your business operations. Among the benefits of our services are:
- We use a cost-effective infrastructure that is powered by current forms of renewable energy.
- We provide the infrastructure with power, internet, air cooling, and enough space to facilitate operations.
- We ensure to have a secure environment for keeping your data and hardware safe.
All you have to do is contact our support team, and you will be advised accordingly regarding anything that you need to know about Bitcoin.