With cryptocurrencies like Bitcoin and Litecoin on the rise, you might want to start investing before you miss out. For those that don’t want to spend money investing into actual coins, you can begin mining them for free with the use of special hardware. We’re going to get into what exactly cryptocurrency mining is and the best mining hardware you can get your hands on.
How does cryptocurrency mining work?
When you mine a cryptocurrency, you are essentially using a mix of hardware and software to solve complex algorithms which reward Bitcoin for example. It is also known as “verifying transactions” in computer accounting terms. To get started you will require:
- A coin wallet which is your password protected safe for coins.
- Mining software.
- An account on a cryptocurrency exchange so you can cash out.
- A fast internet connection, the quicker the better.
- A reliable area to keep your hardware running which is the most important component.
Mining coins is all about early adopters and those that got into years ago are laughing all the way to the bank right now. It’s gaining tons of popularity in recent times so hop on before it’s too late!
Best Cryptocurrency Mining Hardware
Ok, now lets get into what you’re really here for. These are some of the best mining computers for the serious crypto trader.
Features a power consumption of 1293W ±10%, power efficiency of 0.25 W/GH ±10% and hash rate of 4.73 TH/s ±5%. With dimensions of 301mm(L) * 123mm(W) * 155mm(H), this bad boy won’t take up much space to handle your mining needs. It has a 12038 cooling fan so you don’t have to worry about over heating issues either. The default frequency is 700m and connects through an ethernet cable. This is a solid choice for a consistent and powerful crypto miner.
You could say this is a small upgrade from the S7 but by small we mean massive! It has a 14.0TH/s ±5% Bitcoin mining hash rate with the most powerful efficiency on the market at 0.098 J/GH ±7%. The power consumption is rated at 1372W ±10% which is fair for what this beast can accomplish. You don’t require any host computer or software because the web management portal is built right into it. If you want to make some big bucks and are a serious miner, the S9 is for you.
One of the latest generations of miners with air forming cooling technology so it doesn’t get too hot. It stays at a 7.3 hash rate per second with its 88 x A3212 16 nm chips. You’ll be mining tons of coins and making money when you set this up. The dimensions are 320mm(L) * 136MM (W) * 150MM(H) and it has a power consumption around 1150W.
You have to spend money to make money as they say but this is one of the more affordable miners on the market. If you can’t tell by now, AntMiner is quite popular because they deliver efficient and powerful hardware. The S3 is a great entry level miner. It features 32x Bitmain BM1382Gen2 chips, 366W consumption, 0.77 J/GH efficiency and a compact size. Two 14038 fans mounted on the front and back keep a proper air flow at all times.
Another affordable Bitcoin miner in a sleek design. Computing upwards to 60 million SHA256 hashes per second, you’re bound to get a nice amount of coins with this guy.
We will be building this list more and more in the future so don’t be afraid to come back later. What are your current favorite crypto miners?