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It will give you a good idea about the profitability of mining and will make you think twice before entering this very competitive niche. If however, you are aware of the competitive nature of Bitcoin mining and still want to get in the game, here you will be able to find the best Bitcoin mining hardware available. The good news is that there are not many mining hardware companies left that make ASIC miners so choosing will probably be easy. How to compare Bitcoin miners Below is a side by side comparison of all relevant miners. Underneath the table you’ll be able to see a summarized review of each of the miners.
Keep in mind that in order to see how profitable you can be with any Bitcoin miner you’ll need to use a Bitcoin mining calculator based on your electricity cost, the Bitcoin exchange rate and the increase in difficulty throughout time. How much electricity does your miner consume? This miner is a solo miner. It has a small chance of mining a block but does not generate monthly revenue. Antminer S5 Bitcoin Miner Summarized Review The Antminer S5 is the entry level Bitcoin miner for someone who isn’t ready to part away with more than a few hundred bucks.
Users who have purchased it seem mostly pleased with the device. From the small number of reviews that can be found online people are saying that it’s not nearly as loud as your usual miner and the hash rate is pretty reasonable. Antminer S7 Bitcoin Miner Summarized Review The Antminer S7 was the raining champion up until a few months ago. Even at today’s difficulty levels and with the block reward halving you can still make 0. It’s not a lot at the moment but if the Bitcoin price continues to rise it may be a profitable investment. However I wouldn’t suggest buying this rig due to the fact that it’s neither here nor there. It’s too expensive for an entry-level device and it’s too weak to generate any substantial amount of Bitcoins.
Antminer S9 Bitcoin Miner Summarized Review The most advanced and most efficient Bitcoin miner today is the Antminer S9. If you’re serious about Bitcoin mining this is your rig. At the current difficulty this miner can mine around 0. 02 Bitcoins every month which makes it seem like it would break even within a year.