Mining is one of the most efficient ways to help you earn Bitcoin. However, not many are aware of how to choose the best Bitcoin mining hardware.

A process where a new Bitcoin fills the circulation is called the result of Bitcoin mining. In short, mining is a process of a new transaction that has already been confirmed by the network and the important component of the blockchain ledger's maintained and developed. When you want to mine Bitcoin, you will need certain hardware that functions to solve computational math problems.

Bitcoin Mining Hardware

In April 2021, cryptocurrency mining was able to generate $3 billion in revenue, which is estimated to make crypto miners gain $100,000,000 profits every day. This indicates a significant growth as five years ago, crypto mining was only able to receive $1 million on the average daily revenue. Even though it brings a large amount of profits, Bitcoin mining can also be very competitive. It can be said that those with the highest computational power would earn the reward. Otherwise, miners may as well waste their time and energy.

If you want to be a solo miner, here's what you need to understand about the appropriate Bitcoin mining hardware:

 

ASIC as Bitcoin Mining Hardware

Mining a Bitcoin using a standard computer or laptop will not give you plenty of advantages. Thus, you'll need special hardware called ASICs. While Bitcoin's creator built it to be mined on a computer or laptop, Bitcoin miners, on the other hand, eventually discovered that the graphic cards will be able to provide more hashing power.

Application Specific Integrated Circuits or ASICs eventually surpassed graphic cards. So, Bitcoin ASICs are practically specialized Bitcoin mining computers, Bitcoin mining machines, or "Bitcoin generators". Nowadays, all Bitcoin mining is done on dedicated ASICs that are usually in thermally-regulated data centers with low-cost electricity.

 

3 Key Factors in Finding the Best Bitcoin Mining Hardware

ASIC machines come in different brands and prices. This can get confusing for newcomers as each has certain specs with different pros and cons. When it comes to choosing the best Bitcoin mining hardware, there are 3 key factors to consider:

  1. Hash rate: The more hashes per second the Bitcoin miner can make, the better it is for you. As a result, ASIC with more hashes usually costs more
  2. Efficiency: Bitcoin mining typically consumes miners a huge amount of electricity. So, it would be better if your hardware can make the most of it and convert the energy into Bitcoins.
  3. Price: Look for affordability. The cheaper the mining hardware is, the less Bitcoin it can mine. But if the ASIC has high efficiency, it will still probably be worth it to choose the cheaper ones.

Remember, the best ASIC miner is the one that is efficient. Price doesn't determine a Bitcoin mining hardware value. To give you more insights, here are some of the best Bitcoin mining hardware that can possibly boost your mining:

 

1. Bitmain Antminer S19 Pro

  • Cost: $9,799.95 – $12,999.
  • Power usage: 3,250W
  • Hash power: 110TH/sec

AntMiner

Do you want to earn a large amount of money while having a small investment? Then, Bitmain Antminer is probably the ideal Bitcoin mining hardware for you. The Antminer S19 Pro with 115TH/sec hash power is by far the most advanced model. Furthermore, the Antminer S19, Antminer S17, Antminer T1, Antminer S9, and Antminer S17 Pro are also great options to mine any cryptocurrency if you want to invest in affordable price.

 

2. Canaan AvalonMiner 1246

  • Power usage: 3.43KW
  • Hash Power: 90Th/sec
  • Cost: $4,000-$5,300

Canaan AvalonMiner

The next one is a great option if you are mainly focusing on Bitcoin mining hardware that is less energy-consuming. Other than that, this one is a lot much quieter compared to Antminer S19 and Whatsminer M30S. However, make sure that the surrounding temperatures are ranging from -5°C to 35°C (23°F to 95°F).

For your information, Canaan has been in the crypto mining industry for a long time. It was the first company to produce ASIC miners for commercial purposes and has a good reputation in Bitcoin mining.

 

3. Whatsminer M3OS++

  • Power usage: 3.472KW
  • Hash power: 112Th/sec
  • Cost: $9,900 – $14,000

Whatsminer

Because it can generate a very similar 112 TH/s throughout, the WhatsMiner M30S++ is considered a direct competitor to the Antminer's S19 Pro. In addition, WhatsMiner M30S++ is a bit cheaper than the Antminer S19 Pro. The hardware is pretty easy to find, and the long-term MicroBT's Whatsminer can give you additional power per dollar invested.

So, what do you think? Are you ready to purchase your first Bitcoin mining hardware? Though mining Bitcoin is not an easy task, it is worth trying. Nonetheless, make sure to calculate the price and electricity before deciding to buy one so you can get the maximum outcome. If you're interested to explore further on the world of Bitcoin mining, there is an alternative to hardware mining called cloud mining.