Every person who ventures into crypto mining should be clear from the beginning of two things: What currency do you want to mine and what equipment do you need to get the rewards?
. If you decide on Bitcoin, here you can find out about the best ASICs to mine Bitcoin
. ASICs, or application-specific integrated circuits, are equipment created to work with a particular algorithm, for example Bitcoin's SHA256. It has many processors to increase speed and computing power in mining. In fact, we can say that mining cryptocurrencies such as Bitcoin, Dash or Litecoin can only be profitable if it is developed with ASICs, since they reach the high levels of difficulty and hashrate that they require.
What are the best ASICs on the market and their characteristics
1.Bitmain Antminer S19 Pro
With a hashrate of 110 TH/s the Bitmain Antminer S19 Pro is positioned as the fastest and most solid ASIC
; Created by one of the leading mining rig manufacturers, Bitmain. Its consumption reaches 3250 W, with an Ethernet interface and four fans.
Presented in May 2020
, has the capacity to produce a high number of terahashes per second, which translates into complex mathematical calculations to earn Bitcoin. Its weight is 15.5 Kg and its size is somewhat larger than the average: 19.5 x 29 x 37 cm.
As we already know, processes SHA256 algorithm for Bitcoin (BTC), BitcoinCash, Crown, Peercoin, Terracoin, Unbreakable, Curecoin,
among other. It has an efficiency rating of 29 J/TH, which makes it quite attractive to mining veterans. It is valued at more than 3 thousand dollars, a high cost in exchange for maximum performance and power, therefore, you will have a guaranteed level of profitability.
2.Bitmain Antminer S19
Its hashrate is 95 TH/s and it consumes 3250 W just like its brother S19 Pro
. The Bitmain Antminer S19 was introduced in May 2020 as one of the fastest and most efficient to produce the most terahashes per second.
It weighs 16.5 Kg and measures 22.4 x 12.4 x 13.3 inches. It has two fans for the cooling process.
3. Bitmain Antminer S17 +
Its hashrate is 73 TH/s, a fairly efficient average. It also handles a consumption of 2929 W.
Keep in mind that one of the essential requirements of mining is energy consumption, so you should include this cost in your budget. The Bitmain Antminer S17+ was Presented in December 2019 with an energy efficiency index of 40 J/TH. Its cost is around 2800 dollars.
Its characteristics make this ASIC a viable option between cost and efficiency, so you can earn profits in a short time if you decide to focus your efforts on mining. One of the great advantages of this new range compared to the S9. It is that they are three times more efficient and work in concert with the latest requirements demanded by complex mathematical calculations, because every day the competition is stronger.
4. Bitmain Antminer T17 +
It is one of the best ASICs for mining Bitcoin. Achieve a hashrate of 64 TH / s and demands a consumption of 3200 W
. Acclaimed since its launch in December 2019 during the Global Digital Mining Summit. It uses about 50 J/TH, a reasonable energy efficiency rating for the power it offers. The prices of the Bitmain Antminer T17+ range between 1800 and 1900 dollars, also depending on whether you order it online or locate it in a specialized store.
5. Bitmain Antminer T17e
Within the range of the T17 is the Bitmain Antminer T17e, whose launch was in November 2019. It works at a hashrate speed of 53 TH / s and demands a consumption of 2915 W.
Part of its great profitability is based on operating at an energy efficiency of 55 J / TH, which allows it to achieve significant performance.
It is designed for long-term stable operations and thus reduces maintenance costs.
6. Bitmain Antminer T17
Its hash rate per second is a bit low compared to the following models that came out on the market, of 40 TH / s plus a consumption of 2200 W.
Introduced in May 2019 by Bitmain Technologies, it offers a power efficiency of 55 J/ TH which is achieved in part by TSMC 7nm second generation semiconductors. In the Bitmain Antminer T17, the manufacturer included for the first time a double turbo heat dissipation, which generates greater ventilation and therefore efficiency. Likewise, the design was improved to prevent the entry of dust, so that the longevity of the equipment is increased. You can find it for just over $1.000.
7. Bitmain Antminer S9i
Present a hash rate of 14 TH / s and power consumption of 1320 W
. One of its benefits is its versatility, since it weighs 4.2 kg and measures 13.5 x 15.8 x 35 cm. Although its release date was in 2018, it is still one of the best for mining different cryptos such as Bitcoin, BitcoinCash, Crown, Acoin, Curecoin, eMark, Joulecoin, Terracoin, Peercoin, Unbreakable.
It uses a total of 189 BM1387 type chips, with two fans and an Ethernet network connection. With the Bitmain Antminer S9i ASIC we recommend that you use the ViaBTC, NiceHash, AntPool, SlushPool, Poolin pools. Its price is around 1.700 dollars. Since you know the most up-to-date and best-selling models of Bitmain, we show you other equally efficient and demanded brands in the market.
8.MicroBT Whatsminer M20S
El MicroBT Whatsminer M20S is one of the most profitable for running at a speed of 70 TH/s and maintaining a power consumption of 3360 W.
Suitable for the SHA256 algorithm; That is, to mine Bitcoin, BitcoinCash, Peercoin, Namecoin, among others.
Due to its power and ability to quickly solve the calculations required
, is considered one of the most affective at the time of returning the investment, estimating a maximum of one year for you to recover the money you invested when buying it.
9. Asic Miner 8 Nano Pro
With a hashrate of 48 TH/s, it is one of the most sought after by veteran miners.
, which need much more power to do the random calculations and thus validate the process blocks.
The consumption of the AsicMiner 8 Nano Pro is 7600 W
and presents an efficiency of 0.159 W/GHs. The heart of the operation is supported by 768 AM0813 12nm chips. Due to its advanced technology and power characteristics, it is available from $3000 onwards. With similar characteristics you will find the 48 TH / s AsicMiner Air, also in demand in the market for its power.
10. Innosilicon T2 Turbo
It has a hashrate of 24 TH/s with a power consumption of 1980 W.
It is highly sought after for the guaranteed power it provides and its compact weight of only 7.5 Kg, plus dimensions 15 x 18 x 40 cm. The Innosilicon T2 Turbo is one of the best ASICs for mining Bitcoin, as it allows you to mine coins Bitcoin, BitcoinCash, Acoin, Crown, Terracoin, eMark, Peercoin, Joulecoin, Unbreakable, and Curecoin.
Thanks to the two fans that refresh it, it can withstand humidity between 5% and 95%. It also has a 10nm FinFET chip. The network connection is via Ethernet. It was presented in August 2018 and until now it continues to be positioned as one of the best.
11. Pangolin Whatsminer M3
To undermine the SHA256 algorithm we have the ASIC Pangolin Whatsminer M3, with a hashrate of 12 TH / s and consumption of 2000 W.
It mounts 198 SMTI 1700 28nm chip and three chipboard, connection to Ethernet network and a noise level of 78dB, that is, quite silent while executing the most complex mathematical operations that the world of mining demands.
It weighs 8.1 Kg and measures 12.5 x 15.5 x 33.5 cm
. It allows mining various digital currencies in addition to Bitcoin, such as eMark, Peercoin, BitcoinCash, Crown, Acoin, Unbreakable, Terracoin, Curecoin, and Joulecoin.
Pangolin is a quality brand that through this ASIC incorporated two fans, to guarantee the cooling process that the equipment requires, although its resistance is high, up to 45 ° C.
12. Avalon Miner 841
Since manufacturer Canaan released the AvalonMiner 841, it has remained in the market for its speed of 13 TH/s
, since despite the latest, most advanced generations, it is still effective for mining cryptocurrencies. He electricity consumption is 1290 W with an efficiency of 0.099 W / GHs
. It drives 104 A3210HP 16nm chips. The price is in line with its functionality, between a thousand and 1.700 dollars. A little cheaper you can find the 821 TH/s AvalonMiner 11, the 741 TH/s AvalonMiner 7.3 and the 6 TH/s Block C Avalon 3.5 priced between $100 and $200. Of course, the latter are the cheapest options, but if what you want is more power, you will have to invest much more than the budget.
The mining process
For those who are enthusiastic about the world of mining, they should know that after getting the necessary hardware (be it for Bitcoin or another currency), they need to direct their equipment towards a mining pool.
These groups or pool compete to get a block together, making complex math calculations every 10 minutes or so
, then the rewards are distributed according to the hashing that each one contributed. The rest of the network confirms that the answer is correct and that the distribution is correct. In fact, each new operation must be validated to prevent the coins from being counterfeited, thus guaranteeing the security of the system. The F2Pool pool is one of the largest and provides free access, followed by Poolin, BTC.com, Antpool and others. We can list the Bitcoin mining procedure like this:
- Acquire the ASIC according to your budget. Where? Online or in any specialized store. The models of each brand have their own characteristics that give more or less power to the equipment, hence the price difference.
- Enter a mining pool. Remember that when new miners are added, the processing capacity increases, this brings with it a stronger competition to achieve the rewards.
- Block creation should be maintained every 10 minutes, with which the miners receive their respective mathematical problem. You should know that the calculations are random.
- EThe miner who solves the problem the fastest acquires the coins in circulation, or the profit is distributed according to the hashing that each one contributed in the resolution.
Remember that profitability will have its high and low levels, since this market of crypto assets and hashrate of each network is very volatile.
It will also depend on the achievement of objectives by the pool and, above all, on whether you have powerful hardware. In any case, the constant expense will be electricity, since the ASICs require energy to carry out the computer processes and keep the ventilation systems active. Before making the purchase of equipment, make sure you have good electricity and that you can cover the costs derived from mining.
Evolution of ASICs
Previously, the mining of digital currencies was executed from any home computer, since it did not require such complicated processes and there was not so much volume of people involved in the activity. As time passed and the profitability of cryptos increased, the GPU began to be used, which provided greater potential. Even so more technology was required to adequately cover the processes
. In this way, in 2009 the software that allowed the use of more processors was born, and from there the firm step was taken for the emergence of ASICs. With the use of more processors, calculations and obtaining rewards were easier. That's when manufacturers like Innosilicon, Bitmain, Pangolin, Baikal, Canaan or Pandaminer
they focused their efforts on powerful teams.
The acquisition of one or another ASIC will depend on your budget and convenience
There are the cheapest from 100 dollars to the most specialized in thousands of dollars. Although it alternates several currencies, the main one is Bitcoin.
The most important differences between these are the hashrate speed, from 13 TH / s to 110 TH / s, the consumption they present and the chips that handle 12nm, 10nm and 7nm, which generate the power.
Due to the effectiveness they have to work with a specific algorithm, they have been criticized, since detractors consider that centralization occurs in a single crypto and its network. That is why the developers of other crypto assets make constant updates to their algorithms, which require other functionalities by the ASICs and force the teams to maintain a productive, non-stationary dynamic.