Bitcoin mining hardware Hello from there! Let me welcome you to this guide to choosing the best bitcoin mining hardware. If you want to start earning passive income from bitcoin mining, you have come to the right place. This guide will explain the differences between the best bitcoin mining rigs on the market today.
If you don’t know your DragonMints from Antminers, don’t worry. As usual, I will explain it all to you in an easy to understand way.
This guide on bitcoin mining machines will cover the following:
What is bitcoin mining.
How to choose a bitcoin mining machine according to your own circumstances.
A look at the best mining units on the market today. I’ll cover: DragonMint T1, Antminer T9+, Antminer R4, Avalon6, Antminer S9, PangolinMiner M3X. There will also be hints as to what kind of miners each of these will appeal to.
A handy table to help you compare each unit.
As always, there is plenty to browse through in this guide to learn about the best bitcoin mining hardware. Without further ado, let’s get started!
However, before doing that, you should know that there are a variety of reliable cryptocurrency exchanges to buy and trade Bitcoin. This includes Coinbase, Binance, and Coinmama.
1. Bitcoin mining hardware
The role of bitcoin mining is to verify that transactions on the network follow the rules. To do this, complex computer modules are used to verify transactions and broadcast them to other computer systems around the world. The operators of these computer systems are rewarded for their efforts. This reward comes from the fees charged by each transaction and the mining reward set by the network itself.
To prevent people from spoofing the network, a system known as “Proof of Work” is used. Proof of work is required before any set (block) of transactions can be added to the blockchain. When computers are doing proof-of-work, what they’re doing is trying to guess a long string of numbers and letters. This chain is known as the hash.
Only a computer that correctly guesses the hash can add the block to the chain. Proof of work requires arithmetic power and the process is neither fast nor cheap. To deceive the network requires so much investment that it is not financially viable for someone to try to modify the blockchain. This is the main security feature of Bitcoin (and other cryptocurrency) networks.
Bitcoin mining used to be performed by central processing units (CPUs) like the ones in your computer system at home. However, as more units started mining the network, the hashing difficulty they were trying to guess increased. This made people turn to higher-powered processors like GPUs. These GPUs are commonly found in high-end gaming PCs.
Today, hashes are so hard to solve and there are so many miners trying to solve them that only specialized computer systems can solve them. These modules use application-specific integrated circuit chips – or ASICs for short. That’s what this article is about!
2. Bitcoin mining hardware.
Mining hardware depends on your circumstances Although Bitcoin miners are now limited to choosing from a range of ASICs for Bitcoin mining, there are still plenty of options. Choosing one will depend on the individual circumstances of each miner. Some miners will need one unit that can operate in their spare bedroom. Others will need a couple of affordable ASICs to start mining for the first time. Finally, there are some people out there who would like to fill a repository of the best bitcoin miners out there.
There are a lot of things to consider when choosing bitcoin mining hardware. It is important to judge each unit based on hash power, electricity consumption, ambient temperature, and initial purchase cost.
There are also some ideological reasons for choosing one plant over another. These are about decentralization and I’ll touch on some of the issues surrounding this later in this article.
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3. Best Bitcoin Mining Hardware
Finally, I can get to the real topic of this article – bitcoin mining hardware. I took a look at bitcoin mining rigs from some of the biggest and most famous manufacturers on the planet to create this list.
I’ve also tried to group the different devices in terms of which applications they fit best. I will give you my recommendations for bitcoin mining platforms to:
People on a limited budget.
People want mine at home.
Those who have never mined bitcoin before.
People looking to spend more on more powerful bitcoin mining hardware.
Two alternative options for professional miners who can’t locate enough DragonMint T1s to power them.
Whichever option you decide to choose, also make sure to get a reliable bitcoin wallet. It is recommended to go for Ledger Nano X and Trezor Model T.
4. Best Budget Bitcoin Miner – Antminer T9 +
For Bitcoin miners on a budget, Antminer T9+ is one of the best Bitcoin mining platforms out there. It can be had at a much cheaper rate than most of the other devices on this list. However, don’t let the price fool you – it’s still a good machine.
In addition to being great for those concerned with the price of their miner, the Antminer T9+ is ideal when space is a concern. This is because it has a compact design. This makes it great for crawling a lot of units into a mining rig farm. If this is how you intend to use ASIC miners, it will be more Be happy with the temperature-reducing features of the Antminer T9+. You’ll save a lot of money on extraction equipment, too.
In terms of hardware this unit uses, the Antminer T9+ features 162 BM1387 chipsets from Bitmain. This allows it to produce a brilliant hash rate of 10.5 TH/s while pulling only 1332W from the wall.
In addition to being a great performer, Antminer T9+ also has an easy to understand user interface. This is used to configure various settings and perform firmware upgrades as new versions of Bitmain come in.
Unfortunately, like a regular bitcoin miner, the power supply is sold separately.
The next piece of bitcoin mining hardware that I will be looking at is a piece for beginners to bitcoin mining. The creators of the Avalon6 Bitcoin mining platform, Canaan Creative, built it with simplicity in mind.
The Avalon6 Bitcoin Miner is one of the easiest ASICs to setup. Both the advanced and basic procedure are simple, and this makes the device great for beginners. Unfortunately, it’s not the most profitable unit around. Of the 1050 watts pulled from the wall, it can only produce 3.5 TH/s.
While it will certainly not impress any serious bitcoin miners, the ease with which you can set up such a small pool, along with its reasonable price tag, will make it a great unit for those who want to get started in the world of bitcoin mining.
Unfortunately, like most of our modules in this guide to Bitcoin mining hardware, the Avalon6 does not come with its own power supply. These are sold separately.
There are options to purchase the same unit directly from Canaan Creative, but these options are only for bulk orders. Fortunately, it is possible to get them in smaller order sizes of about $650 each here.
Bitcoin mining hardware
Running Avalon6 (or Any Bitcoin Mining Machine) Not for Profit? In addition to being great for beginners, Avalon6 is a good piece of hardware for those who want to mine Bitcoin without making a profit. This may seem strange at first but there is a very good reason why people want to mine Bitcoin without necessarily making profits.
Simply put, the more units are mined on a cryptocurrency network, the more secure that network is. Bitcoin’s security strength comes from decentralization. There are many enthusiasts and developers around the world who are either unable or unwilling to mine Bitcoin for a profit. There are many reasons this may be the case. These include but are not limited to the following:
Not having an area of your home that you want to devote to running multiple mining units.
Living in a very hot place means that all this equipment will generate an unbearable amount of heat.
Electricity is too expensive to make a profit from operating bitcoin mining rigs.
You are not home often enough to bother setting up a Bitcoin mining farm which can, after all, pose a fire hazard.
The Avalon6 is a good unit for working in an office or at home that may lose money but serves a very altruistic purpose – securing the network. For many developers, the cost of running their own mining rig is a small price to pay for complete financial freedom from banks and other institutions that have absolute control over the creation and supply of funds.
6. Home Use Bitcoin Miner – Antminer R4
Like Avalon6, the next pick in our list of best Bitcoin mining platforms is good for small applications where space is an issue. This is because it works very quietly. You can even have him perform all-important network security tasks in the same room you sleep in!
Like the T9+ module, the R4 uses Bitmain’s BM1387 chipset. 126 of them are used to produce a very competitive 0.098 J/GHz. If you’re not sure what this means, read it as “highly effective”!
The main selling point of the Antminer R4 is, of course, its quiet operation. Bitmain achieved this by completely redesigning its fans. The team was inspired by the silent split air conditioning units. By borrowing design features, they manage to create a fan that is as efficient as a traditional one but makes less than half the noise. They also equipped the R4 with an automatic controller. This ensures that the fan does not make more noise than is necessary.
One of the biggest drawbacks of Antminer R4 is that it is very expensive. The price seems to vary greatly depending on the venue you choose. Some sites advertise $1000 but don’t have a link to see it at that price. The only site selling the unit I was able to find was a European website called AntMiner Distribution Europe BV. And they were listed at 1,500 euros, or $1,700.
Note that the product of this product may expire, so you can try this product similar to it from here.
Problems with Bitmain?
Of course, like all Antminer modules, R4 was built by Chinese Bitcoin mining giant Bitmain. Bitmain is a controversial company. In fact, in 2017, they were accused of delaying the important SegWit upgrade to the Bitcoin network.
Many accused them of doing so so that they could take advantage of the additional high fees that were necessary at the time. For this reason, some bitcoin miners refuse to use Bitmain products. However, if you are not interested in politics, they make some excellent bitcoin mining units!
Best if there is no money – DragonMint T1
We now come to the best mining unit on the market today. DragonMint T1 is created by Halong Mining, a new company of
Majoring in ASIC Mining. Halong claims to have spent over $30 million developing this monster of Unity!
DragonMint T1 uses a modern chip design (DM8575). This makes it the first ASIC capable of achieving an impressive hash rate of 16 TB/s.
Moreover, it is able to achieve this amazing hash rate while maintaining efficiency when it comes to power consumption. The unit consumes only 0.075J/GH. That’s about 1,480 watts of power draw. This crushes Bitmain’s flagship model, the Antminer S9, which has a power consumption rate of 0.098J/GH.
DragonMint T1 cooling is handled by two nine-blade variable fans. They manage to maintain the average ambient temperature at only 25 degrees.
Again, as with most Bitcoin mining rigs, the DragonMint T1 does not come with a power supply. The company recommends the DragonMint 1600W here.
Unfortunately, being such a brutal unit, the DragonMint T1 is in great demand. This means you may have to join a waiting list to get one! When you finally get the chance to buy it, the price might overwhelm you a bit. You’re looking at a starting price of $2,729 for the same unit. The official power supply will cost you an extra $115.
If you decide to buy DragonMint units, you are also supporting the decentralization of mining by giving your allotment to a company that is not Bitmain. For some, this may also be a deal breaker!
If all of that wasn’t enough to convince you of DragonMint’s abilities, there’s also an awesome drawing of a dragon on the side as well!
Antminer S9 – The Next Best Thing To DragonMint T1
Since the DragonMint T1 is so popular, manufacturers are struggling to keep up with the demand for it. For this reason, I decided to include a few more pieces of bitcoin mining hardware that were about the same quality.
If you are a serious miner and can’t get DragonMint T1 then don’t worry. Modules like the Antminer S9 will produce roughly as much hashing power.
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Like the other Antminer modules I’ve listed in this guide, the S9 is equipped with the BM1389 chip from Bitmain. However, unlike the others, this monster has 189 of them. At the time it was created, this made it the highest hash unit on the planet. Although it can no longer claim to be the best in terms of hash rate, at 14 TH/s, it is second only to DragonMint T1.
Antminer S9 cools itself down using custom made heat sinks. These are made of high quality aluminum alloy. It also uses two high-speed fans on both ends of the device. This ensures that hot air is quickly eliminated and replaced.
Being a Bitcoin miner with a high hash rate, you might think that it would be a nightmare. But this is not the case. Antminer S9 has the same user-friendly interface that most Bitmain miners use. This allows you to quickly adjust settings and upgrade the firmware when needed.
Like the DragonMint T1, the best Antminer module on the market isn’t cheap. You are looking for around $2700 – $3000 each. Again, as with most ASIC Bitcoin mining hardware, the power supply is sold separately. This will cost another $100 – $150. Obviously not for amateur bitcoin miners!
You can pick up the Antminer S9 from here.
Better if you avoid Bitmain and can’t get DragonMint – PangolinMiner M3X
Finally, given the controversy over Bitmain’s production of Bitcoin mining hardware, I thought it best to include a DragonMint alternative that wasn’t made by them.
For many, the Pangolin unit will represent a good balance between value and hashing power. It is able to work between 12 and 13 TH/s. While that’s only three-quarters of the strength of the DragonMint flagship model, it’s still respectable.
This strength becomes even more apparent when you consider the initial purchase price of a pangolin. It’s currently on sale on the company’s official website for only $850. Compare that to the $2,700 that DragonMint would cost from the Antminer S9 and you can immediately see the allure of the Pangolin M3X.
At the moment, that probably sounds too good to be true. Just wait for a second thought. There are quite a few flaws!
First, Pangolin is probably the highest unit you’ve covered in this article. Which means it is not suitable for home use.
Perhaps all of this noise is due to the huge amount of power needed to power the Pangolin M3X. At 2100 watts, it’s the most electricity-hungry unit I’ve covered in this guide to bitcoin miners. This means that any savings you may have made on the upfront purchase price will be lost over time as the electricity bills start to appear.
However, those who live in a place where energy is cheap will likely prefer pangolins. Alternatively, if you are using a machine where the electricity is free, and you don’t live on site, Pangolin will be the best choice for bitcoin mining hardware.
Can be managed from a mobile device
Supports more than 1500 cryptocurrencies
mining hardware comparison table
Below, I’ve included a comparison table of the six bitcoin mining hardware I’ve covered in this guide. This should help you decide which unit is best for your mining process.
Company Retail Price Energy Consumption
Dragon Mint T1 Halong Mining USD 2729 16 TH/sec 1480 W
Antminer T9 + Bitmain 550-600 $ 10.5 TH / s 1332 W
Antminer R4 Bitmain 1700 $8.6 TH/sec 845W
Avalon 6 Canaan Creative $650 3.5 TH/sec 1050 W
Antminer S9 Bitmain $2700 – $3000 14 TH/sec 1, 372 W M3X Pangolin $1,000 12-13 w/s 2,100 W
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So here is my take on the best bitcoin mining hardware available today. I hope you found this interesting and informative.
As you can see, there is a lot to consider when deciding on mining hardware. So, what is best for one person, may be the complete opposite for you. That’s why each of my picks tried to target a different group of potential miners.
After reading this guide, you may also decide that it is not right for you. However, if you still want to invest in Bitcoin, you should choose safe and easy-to-use cryptocurrency exchanges, such as Coinbase, Binance, and Coinmama.
Let’s quickly gather some important things to consider about your mining process with a few questions to ask yourself:
Where will you mine your bitcoin? Do you need a quiet machine?
How much should you spend on bitcoin mining hardware? With units ranging from $550 to $3000, there is a huge amount of choice here!
Do you need the highest possible hash power to maximize profits?
How much is your electricity? If it is cheap, the power consumption will be less important to you.
Do you care if your Bitcoin mining rig was built by Bitmain or would you rather decentralize the network and use one of its competitors?
Once you mine Bitcoin, it is essential to find a reliable hardware wallet to keep it safe. The Ledger Nano X and Trezor Model T are among the most recommended options.
Now that we’ve come to the end of this guide, you should have some of the strongest opinions about the different mining hardware available today. For bitcoin mining, you will definitely need some software, feel free to check out my guide on bitcoin mining software here.
What do you think? What do you think is the best bitcoin miner on the market today