Crypto mining is highly profitable but it requires powerful hardware and an extensive knowledge about the blockchain principles. You need to have specialized cryptocurrency mining hardware to earn more profit.
Different types of crypto mining machines are available in the market ranging up to 10000 dollars. The blockchain technology behind cryptocurrencies uses a large amount of processing power to solve the complex math problem and network security. On the other hand, it draws a lot of electricity power that needs a huge financial investment.
Why is it necessary to pick an appropriate mining hardware?
As mining needs high processing power, wrongly picked hardware can cost more to operate and maintain. Sometimes, your machine with less computing power can burn out and it will hurt you when you need to replace it. In other words, you will have to bear more expenditure over your profits.
Things to Consider while Selecting Mining Hardware
The cryptocurrency mining hardware comes in different price ranges depending upon the efficiency, computation power, and durability. Cheaper Hardwares will deliver low efficiency and be less productive. Before buying mining hardware, do profitability analysis and must acknowledge machine lifespan.
Crypto mining hardware consumes a large amount of energy, and its efficiency depends upon the conversion rate of energy to coins. If you do not have an idea about how to select mining hardware, determine the hardware energy efficiency.
Hash rate refers to the rate at which mining hardware can perform mathematical operations. In other words, the higher hash rate enables the hardware to solve the next block in blockchain in less time. The mining hardware with a higher hash rate is usually expensive.
Top Crypto Mining Hardware in 2021
Antiminer S19 is considered to be the best crypto mining hardware because of Bitmain’s built-in chip maximum that increases hash rate up to 110 Th per second. It is designed by utilizing modern technologies to improve operations and ensure long-term usage. The advanced circuit architecture makes this machine most prominent as it possesses a power efficiency of 23J per TH.
It is a noisy machine that consumes 3250 watts and has a temperature range from 5 to 40°C.
Minerva MV7 Pro
MV7 Pro was only available to private industries, but its global popularity makes it available for individuals. The reason behind the existence of MV7 Pro in our list is its 7nm chip that increases its speed and reliability.
It also produces noise up to 75dp and consumes 3400watts. It has a high hashing rate of 100 TH per second, while its longer-term usability and high efficiency make it the most valued product in the market.
Canaan Avalonminer 1246
Cannan Avalonminer 1246 was released at the start of 2021, and it has become one of the best mining hardware available in the market. It possesses an efficiency of 38J/TH with high stability, built-in power, and plug and plays deployment. Cannan has an innovative design and can be placed horizontally or vertically. It has a little bit low hash rate of 90 Th per second, consuming 3420 watts.
MicroBT Whatsminer M30S
M30S emerged in the market in 2020 and is one of the best AISC miners because of Samsung 8nm built-in chip that maximizes its performance. The miners think that M30S will remain in the market for years due to its performance and profitability. It is slower and less noisy than its competitors, with a hash rate of 86TH/ second and a noise level up to 72db. This machine consumes 3268watts while having the lowest temperature range from -5 to 35°C.
Antminer S19j Pro
Antminer S19j Pro was introduced to the market in 2021 and is known for its higher hash rate of 100Th/second. It is the best mining machine because of its consistent performance during complex operations. S19j Pro consumes 3050watts of energy, lower than all others on our list. It produces noise up to 75db and has a temperate range between 5 to 35 °C.
Selecting the best cryptocurrency mining hardware needs your clear understanding of hash rate, temperature, and power efficiency. Crypto mining investment can be risky if you selected the wrong hardware.