Do you want to build a Bitcoin mining rig and you’re not sure about the right hardware to pick? If yes, then you’ve landed on the right page. In this article you’ll get tips on how to choose mining hardware to build your mining rig.
Ever since Bitcoin entered the market back in 2009, people have been quite interested in the whole concept of cryptocurrencies made possible by the blockchain technology. One of the ways to obtain a crypto coin was to buy it or mine it.
Mining crypto coins doesn’t mean picking up a pickaxe and slamming it into a Bitcoin vein. Instead, it means borrowing your computer hardware to the blockchain ledger so that it can verify transactions and record them more effectively. In return for your support, you’re rewarded with a fragment of a crypto coin. What’s more, you needed very powerful hardware even back then.
Read also: Stable Coins: The Future and the Challenges
Now that there aren’t many Bitcoins left to be mined, you need an even more powerful rig to do the mining and your electricity bill will go through the roof. Not to mention that such hardware will be a hefty investment. Therefore, if you’re enthusiastic about mining Bitcoin or some other cryptocoin and if you believe you’ll profit from it, then here are a few tips on how to choose proper mining hardware for your endeavor.
Things to consider
1. When it comes to mining hardware, you have two options available to you. The first option is to build a rig on your own, using the latest and the most powerful components, such as CPU, RAM and GPU. The more powerful the rig is the more efficient at mining, as well as more power-hungry, it will be.
2. The second option is to buy a premade mining rig from various manufacturers. The second option is certainly a better and much cheaper solution for beginners. You can buy premade hardware and see how it goes. If you start profiting and you’re eager for more, you can always invest more into hardware. When picking mining hardware, you must focus on a few factors, such as hash rate, power efficiency and power consumption.
Best Bitcoin Mining Hardware
If want to build your own mining rig and start mining Bitcoin, whether you’re on a low budget or you’re looking for the best hardware to get. below are list Hardware you should consider.
1. Bitmain Antminer S9i
Considered one of the most effective and affordable mining rigs, the Bitmain’s Antminer S9i is ideal for miners that are just beginning to explore the world of Bitcoin mining.
This practical Bitcoin mining rig will meet your needs and won’t cost you an arm or a leg to obtain. At the price of around $500, this rig provides a hash rate of 13TH/s with a variation of ±5% depending on the batch. Power consumption is 1290W for 13TH/s and up to 1365W for 14.5TH/s. Power efficiency is 99J/TH for 13TH/s batch up to 94.14J/TH for 14.5TH/s.
The ideal rig for beginners who don’t want to overspend on hardware before they test the waters, to begin with. For a price of around $300, Avalon6 can process 3.5TH/s. However, the downside of this rig is that it processes just a few hashes and has a very high power consumption rate of 1050W.
That said, this rig would be ideal if the cost of electricity in your country was cheap but it’s rarely so. Still, mining Bitcoins and high power consumption go hand in hand and you cannot avoid it, unfortunately.
3. Halong Mining DragonMint T1
One of the most efficient and most expensive mining rigs on the market is most definitely the DragonMint T1. This beasty can process 16TH/s with an energy consumption of 1480W.
This comes to the energy efficiency of 0.075J per Gigahash. That’s all well and fine but the price for this rig is around $2,800. Therefore, if you’re willing to invest a lot of money for a slightly better result than more affordable rigs, then, by all means, go for it.
4. Pangolin Whatsminer M3X
The more affordable beasty than the DragonMint, the Whatsminer M3X from Pangolin can process 12.5TH/s. However, this rig has one of the highest power consumption rates coming to a whopping 2050W. At the price of around $1,000, this rig can meet any mining needs, considering that you don’t mind beating the life out of your electricity bill that is.
5. Bitmain Antminer R4
Another rig from Bitmain that’s ideally suited for home use. This rig can process 8.5TH/s which doesn’t seem as much. However, the power consumption for this rig is only 845W, which is slightly more than average gaming PCs consume.
R4’s technology helps it run silently so that you can even use it at home. But, the cost of this little monster is around $3,000. Nevertheless, low power consumption beats the initial costs every day. Therefore, if you have money to spend on something reliable yet effective, the R4 is the way to go.
Mining Bitcoins has become widely popular across the world, especially considering the fact that Bitcoin still holds a high price on the crypto market. If you want to invest in the digital currency then mining is certainly one of the best ways to do so. The only downside is that you require a lot of power, time and patience to make this endeavour as profitable as it can be.
So, is this article on how to choose Bitcoin mining hardware helpful? Or maybe you have a thing or two to add to it. Simply use the comment box below.