Best Hardware Bitcoin Miners Comparison

Bitcoin, as we know is an open blockchain platform that lets anyone build and use decentralized applications that run on blockchain technology.Bitcoin doesn’t have a centralized governance. With Bitcoin, miners use special software to solve math problems and are issued a certain number of bitcoins in exchange. This provides a smart way to issue the currency and also creates an incentive for more people to mine.

At first, Satoshi (inventor of Bitcoin) intended for Bitcoin to be mined on computer CPUs. However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs These ASIC machines mine at unprecedented speeds while consuming much less power than FPGA or GPU mining rigs.

With this context,now lets see Best Hardware Bitcoin Miners available in the market.

Best Hardware Bitcoin Miners Comparison

Here are the TOP 3 Bitcoin Miners :

More detailed stats below :

Key considerations for choosing Bitcoin mining hardware

• Hash rate – Hash Rate is the speed at which a compute is completing an operation in the Bitcoin code. A higher hash rate is better when mining as it increases your opportunity of finding the next block and receiving the reward.How many hashes per second can the Bitcoin miner make? More hashes cost more, which is why efficiency is crucial.
• Efficiency – You’ll want to buy the most efficient bitcoin mining hardware possible. Since miners use a large amount of electricity, you want to buy one that converts the most amount of electricity into bitcoins.
• Price – How much does the bitcoin miner cost? Cheap mining hardware will mine less bitcoins, which is why efficiency and electricity usage are important. The fastest and more efficient mining hardware is going to cost more.

You can estimate Bitcoin mining and profitability based on mining hardware hash rate in GH/s along with the power wattage and your cost of electricity – dollars per kilowatt hour ($/kWh) on the profitability calculator here.

Why ASIC Chipset?

Application-specific integrated circuit (ASIC), is an Integrated Circuit (IC) designed to process only a specific application. Compared to programmable logic chips or standard ICs that are more versatile and can be used for a wide variety of different programs, an ASIC is specifically designed to do one thing and specific things. While it does this one thing much faster and more efficiently than standard multi-purpose processors, they lack the versatility of standard logic chips and, are more expensive to design and manufacture than their mass-market counterparts, especially, as most of them aren’t really produced in very large numbers.

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Specialized Bitcoin ASICs are specifically designed to solve Bitcoin blocks and have nominal requirements for other computer applications, which is why they can get the job done faster and more efficiently than standard logic chips. While the first-generation ASICs had Hash Rates of around 66GH/s (powerful enough to replace 30-odd GPUs), today’s top Bitcoin mining ASIC chips are as powerful as about 212 of those first-gen ASICs, with Harsh Rates hovering around the 14,000GH/s mark.

Technically it’s possible to mine bitcoins without dedicated mining hardware, yes there are USB Miners but it doesn’t generate enough hashing power to mine profitably.

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Additional Resources :

• Want to learn how to buy bitcoin,here is your Bitcoin buying guide
• 4 things you should know about Cryptojacking
• 10 things you should know about Ethereum the next generation blockchain platform

Summary

Article Name

Best Hardware Bitcoin Miners Comparison

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This article covers some of Best Hardware Bitcoin Miners available in the market and also key considerations for finalizing your Bitcoin Mining hardware.

Author

Karthik

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upnxtblog

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