3 Best Cryptocurrency Mining Hardware Pros and Cons
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There is no question that we are now experiencing a completely new wave of changes in the way that people handle the process of mining. This is now becoming much easier for people without any fancy and extremely expensive hardware. There is now something very similar to a gold rush in the world of cryptocurrency and this is the main reason why you need to get involved in this as soon as possible in order to be able to get the best possible results.
The best thing that anyone can do when it comes to cryptocurrency is to consider the many advantages of mining but also the disadvantages. There is plenty of documentation out there that gives you details on this subject. With that said, we are now going to give you some important details on the most reliable mining hardware for cryptocurrency and what you can expect from it when you decide to use it.
Keep in mind that these are just 3 of the many options available out there, but we have chosen this particular set of mining hardware solutions because we think it’s the most reliable and useful for anyone who is constantly looking to get optimal results for any of their work. If you want reliability, these options will probably fit your bill and allow you to get results that are going to result in a profitable return on investment.
The following specs will give you a very good idea of the kind of results you can expect when you decide to make this investment.
We start with this affordable miner with a capacity of 2.4Th/s and a power efficiency of 0.29 W/Gh. It’s quite light for the power it provides at 9.5 pounds and it comes with an incredibly low cost of only $499. Avalon is the kind of miner that is reliable and easy to use, but it does not come with a manual, so any kind of information you need is going to have to be researched online.
Overall this is a great option for anyone who is looking to get started with mining, but you can’t expect this to be an extremely reliable miner that is going to give you a huge amount of BTC per month. It will average around 0.1232 BTC monthly, so this is not going to be an incredibly powerful mining hardware for you to use.
- Very easy to use
- Power efficient
- Slow mining process
- It comes without a guide
The Antminer S7
This one is quite similar to the Avalon9 miner, but it does come with some differences. It has good and similar power efficiency at 0.098W/Gh. It weights a similar 8.1 pounds and it has a 4.73 Th/s capacity. One of the biggest and main advantages of using the Antminer S7 is that it provides a great guide that you can use in order to set it up. It comes with a price tag of $479.95 and it provides and incredibly reliable purchase that is not going to fail you at any point.
You can see this as a very powerful option that is the most affordable of the 3 hardware choices that we are recommending in this article. You can expect this to be a great option in every way and the included documentation is definitely a plus. It averages around 0.1645 BTC per month.
- Great user guide
- Power efficient
- Slow mining process
- Hardware is exposed to damage
The Antiminer S9
Think of everything that we have said about the S7 and now supercharge that in every possible way. This means that we are talking about 13 Th/s of capacity with a 0.098W/Gh power efficiency and a weight of 8.1 pounds. The S9 has the power to earn you an approximate of 0.3693 BTC per month and this makes it the most reliable of the 3 hardware choices we have mentioned.
As you would probably imagine, this kind of hardware power is not going to come cheap. The Antminer S9 comes with a price tag of $1,987 and this means that you are going to spend much more for that efficiency and it will not provide results that are too remarkably different from the results you would get from the S7 or the Avalon 6.
- Great user guide
- Better mining results
- Very Lightweight
- Power consumption is higher
- The price is a bit high
Now that we have compared all of these miners, we need to consider the importance and the value of getting hardware for mining. The thing you need to keep in mind is that you are going to be consuming energy when you are mining, so you need to see if the value of mining is going to be worth the expenses. The return on mined BTC is definitely going to be higher than the power consumption, but not in a way that is quite as reliable as one would expect.
Consider all of the factors that we have mentioned earlier and you are going to be able to get a purchase that comes with an informed decision. This is essential if you want to be able to get the best and most positive results. There is also plenty of documentation on the best mining practices, and you will find a very large community that will be happy to help you find answers to any questions you might have. Social media groups for miners are quite popular, so look for a few of them and join. The wealth of information is worth your time.
In conclusion, you are not going to be getting an incredibly substantial amount of mining done with one of these models, but this is going to translate to a decent number after you have mined for many months and even years. You could see this as one of those investments that provide results in the long run and that is going to be ideal for your needs.
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