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Will crypto mining be profitable for you?
This is a question that
haunts most beginners at their start of the mining journey. Though there are several
calculators that can make your job of understanding the mining prospects
easier, in true earnest profitability is directly linked with your mining
hardware’s efficiency.
Better your hardware, more
will be the coins mined in a shorter time and with consumption of lesser
electricity.
And of course, you would also
want the entire process to be as less noisy as possible. Not to mention that
the rigs should cool faster and have a good router.
Like a plethora of crypto
mining platforms available to users to choose from, there are several mining
hardwares that you can select from.
Here is a list of top five companies known for creating best-in-class hardware of varying configurations:-
Bitmain
Ranking as number one in
terms of mining efficiency, its mining rig Antminer S9 is the most used ASIC
for Bitcoin mining.
Being the largest crypto mining hardware provider for
Bitcoin across the globe, Bitmain’s inventory is planned much in advance. This
means that if you intend to purchase one, either order much before you want it
or be ready for few months delay.
The miners usually cost $1100
on an average and come in varying models with different levels of performance.
The performance efficiency usually varies between 8-14 terrahashes per second
depending upon the model.
Canaan
Canaan Creative, popularly
known just as Canaan, gains prominence in the crypto mining space for its
quality hardware, especially its latest addition AvalonMiner.
The performance of its
various mining rigs varies between 6.3 terrahashes per second to 9 terrahashes
per second. The company usually maintains enough stock which is readily
available on order at an average cost of $700.
Canaan models are known for their
stable mining capabilities and for producing the only consumer grade miner to
use 14nm technology.
EBang
This has three points
straight in its favour: compact, stable and efficient.
Usually available in the
price range of $ 700 - $ 1100, EBang delivers performance between 6.3 TH/s and
9 TH/s.
Besides, it is the only
crypto mining rig in the consumer miner grade that uses 14nm technology.
BitFury
Bitfury is both a software
and hardware solutions provider in the mining industry.
On the hardware front, it
offers BlockBox, a mobile Bitcoin mining unit and 16nm ASIC chip with an
unmatched efficiency of 0.1 J/GH.
GekkoScience
GekkoScience is a single port USB miner from a small USA firm with
very low hash rates, mainly used from homes to earn about $0.15 per month.
However since usb stick bitcoin miner energy
consumption cost is very low, you can still expect making profits mining from
it. The good part about it is that it creates no noise and is absolutely silent
when used.
Now that you we have eased
your choice about a mining rig, start looking out for a suitable crypto mining platform and let the
profits pour in.
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