What Is The Fastest Bitcoin Miner

Bitcoin mining can exist highly assisting, but it requires power-hungry hardware and a deep understanding of the principles that drive blockchain technology. In gild to mine Bitcoin, you’ll need specialized bitcoin mining hardware chosen application-specific integrated circuit devices, or ASICs.

There are many unlike ASICs on the market place today. These devices have evolved through a highly competitive Bitcoin mining arms race — the Bitcoin blockchain uses vast amounts of processing power in order to solve extremely complex math problems and secure its network, forcing hardware to become progressively more than powerful.

Entry-level Bitcoin mining devices can be relatively low cost, while high-performance miners can range up to over $10,000. When assessing ASIC hardware with the intent of Bitcoin mining, you’ll demand to weigh upward the power of the hardware versus the amount of power information technology draws, along with the cost of electricity in your region.

In this article, nosotros break down the 10 all-time Bitcoin mining hardware machines of 2020, presenting a breakdown of hash charge per unit, power draw, and potential profitability.

What to Consider When Selecting Bitcoin Mining Hardware

Bitcoin mining has changed dramatically since the launch of the Bitcoin network in 2009. During the first few years of Bitcoin network operation, Bitcoin mining could be performed on most any dwelling house computer with a relatively powerful CPU.

Equally the Bitcoin network grew, however, the computational processes required to secure the Bitcoin network became increasingly circuitous, forcing miners to shift to more powerful GPUs in guild to go along upward with demand.

Somewhen, the need for hardware with high hash ability — the speed at which mining hardware operates — resulted in the creation of dedicated ASIC hardware. The highly specialized nature of ASIC hardware allows Bitcoin miners to mine faster, using less electricity.

ASIC hardware is now essential to Bitcoin miners. There are three primary factors to consider when choosing the best Bitcoin mining hardware:

Cost:

The price of Bitcoin mining hardware varies based on operational efficiency, durability, and computational power. As a rule, cheaper hardware will deliver lower efficiency and lower profitability. The price of mining hardware should be incorporated into any profitability analysis, taking the expected lifespan of the hardware into account.

Efficiency:

Bitcoin mining hardware is essentially designed to convert electricity into BTC. If you’re not certain how to choose the best Bitcoin mining hardware, focusing on free energy efficiency is the best place to start.

Hash Rate:

Hash rate is the charge per unit at which Bitcoin mining hardware is able to make intensive mathematical operations. In simple terms, the higher the hash rate of the hardware, the more than likely information technology is that the miner or mining puddle for which the hardware is operating will solve the next block in the Bitcoin blockchain. Equally a dominion, higher hash rate hardware is more expensive.

Overall, the best Bitcoin ASIC is the most cost-efficient, virtually profitable ASIC. The development of ASIC devices has accelerated rapidly over the last decade, with new hardware released on an annual basis that oft renders older hardware obsolete.

Here are the all-time ASICs for Bitcoin mining in 2020:

Bitmain AntMiner S5

The Bitmain Antminer S5 isn’t the latest offering from the Beijing-based ASIC manufacturer, but notwithstanding provides excellent value for money and efficiency. Unlike later models such as the S7 and S9, the AntMiner S5 operates a lower ability supply of 115 volts, drawing an boilerplate of 560 Watts.

The low power requirements of the S5 makes it an ideal entry-level Bitcoin mining ASIC that is capable of providing impressive operational efficiency. The S5 generates a hash rate of roughly ane GH/south for every 0.51 Watts, which equates to 0.51 J/GH.

The S5 is suitable for both hobby miners and entry-level abode mining operations, with the added benefit of a low weight profile at simply under 2.5KG.

Bitmain AntMiner S7

The Bitmain AntMiner S7 is another older model from Bitmain’s highly popular line of ASIC units but remains one of the most popular devices online today. Offer lower power consumption than the S5, the S7 is widespread throughout Cathay-based Bitcoin mining farms and boasts impressive adjustability when used in combination with a robust power supply such as the 1600 watt APW3.

While the S7 does deliver reasonable profit depending on ability prices, the efficiency of the unit of measurement depends on both the ability supply used and ambient temperature — the S7 is especially sensitive to environments warmer than 27 degrees Celsius.

Overall, the S7 is most suitable for miners based in cooler climates, every bit cooling costs can significantly cut into profitability in warmer regions.

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Bitmain AntMiner S9

The Bitmain AntMiner, widely touted as the most efficient and most powerful Bitcoin miner on the marketplace, offers miners a highly impressive hash rate of xiv Thursday/south at a surprisingly depression power draw.

The loftier hash power of the S9 is delivered by a trio of boards, which feature 189 ships betwixt them. Combined with an Antminer 1600 Watt supply, the S9 yields twice the efficiency of the S7 at 0.1 Joules per Gigahash with a depict of but 300 Watts more than the previous model.

A primal downside of the S9 is the loud operational volume — the S9 is unsuitable for home applications, as the sturdy 4.7KG frame has the propensity to magnify operational racket.

AntMiner T9

Released in August 2017, the AntMiner T9 remains ane of the near powerful ASIC units available on the market today — as well as one of the most expensive. The T9 is frequently compared to the S9 in terms of performance and efficiency only contains some notable improvements in bit quality that enhance hardware stability.

Later batch AntMiner T9’s swallow around 1450 watts, delivering approximately xi.5 Thursday/s and an efficiency charge per unit of 0.126 J/GH. Profitability analysis based on performance lone places the T9 below the S9 in terms of profitability, but stability enhancements make the T9 a more reliable choice for smaller-scale mining operations.

AvalonMiner 741

The AvalonMiner 741, released in April 2017, provides hobby and smaller-scale Bitcoin miners with a reasonably powerful miner at an affordable price. Manufactured past Canaan, the 741 is a significant upgrade over the prior Avalon 721 model, integrating a new cooling design and a stronger chipset.

The Avalon 741 comes with 88 fries and a new cooling mechanism that enhances the efficiency of airflow within the device, alongside dual heatsinks mounted around the PCB. Canaan’s 2017 741 miner delivers a hash rate of 7.3 TH/south, with an energy efficiency rate of 0.16 J/GH — far more than efficient than other ASIC units in the same price range.

Bitmain AntMiner L3+

Bitmain’s L3+ is one of the most popular ASIC units in the earth for Scrypt miners and is focused solely on mining this particular algorithm. The L3+ is based on the BM1485 chip, which provides significant improvements over the chipset used in the previous L3 model — doubling the hash rate and power describe of the L3.

The L3 provides a hash rate of 504 MH/s, with a power consumption of 800W. Running a college hash rate with the L3+ results in serious power draw, just the lower price point of the device compared to more expensive models such as the Innosilicon LTCMaster makes the L3+ the best miner for Scrypt.

Bitmain AntMiner D3

The Bitmain Antminer D3 is the precursor to Bitmain’s 2018 D5 ASIC, but is a highly popular device for miners focused on mining Dash — a cryptocurrency that was originally designed to exist ASIC-resistant. The D3 is currently the almost efficient miner for mining Nuance, and offers major competitive advantages over other devices.

The D3 delivers a hash charge per unit of 19.3 GH/s, with a power consumption rate of just 1350W. The realized efficiency rate of the D3 is 0.07 J/MH. When compared to the iBeLink DM384M, which has similar power requirements and produces only 384 MH/due south, the D3 remains the more cost-effective option.

Dragonmint T1

Manufactured past Halong Mining, the Dragonmint T1 is an impressively powerful ASIC that delivers 16TH/south with a remarkably depression power describe. The T1 consumers 0.015J/GH which, compared to the Bitmain Antminer S9’s ability draw of 0.098J/GH, provides a pregnant reward over Bitmain-focused mining builds.

The T1 integrates ASICBoos applied science, which provides an boosted efficiency heave of 20 percent when operating with the Bitcoin algorithm. Notably, the T1 uses the DM8475 chipset, which yields more robust profitability over Bitmain’s S9 offer.

WhatsMiner M3X

The WhatsMiner M3X is manufactured by Pangolin Miner, and provides use case-specific functionality for individual miners or mining farms that aren’t restricted by high power consumption and extremely loud operating book.

While the M3X is not an ideal option for at-domicile hobby miners, the device itself delivers 12 to 13 Thursday/s with power consumption that ranges between 1900W to 2100W. Driven by 28nm ASIC flake technology, the M3X is powered through the WhatPower P5 which, notably, won’t run on 110-120V mains voltage and demands 180-240V mains voltage in order to operate.

Avalon6

The Avalon6 is currently the best Bitcoin miner for home mining or hobby Bitcoin mining, delivering impressive functionality with a depression dissonance profile and reasonable power depict at an affordable price point.

While the Avalon6 provides a significantly lower hash rate than Bitmains Antminer S7 or S9 at iii.5 TH/s, the extremely low audio emission of the device along with flake array that consists of 80 18nm A3218 chips, the Avalon6 produces only 55dB of dissonance within 1.two meters proximity.

The 500MHz standard frequency of the Avalon6 tin can exist tuned via frequency command, which makes it ideal for miners seeking Bitcoin mining hardware that operates efficiently with complex temperature command — or overclocking opportunities.

Additional Considerations

Determining the best Bitcoin miner for your requirements involves carefully assessing the hash rate of whatsoever given miner, temperature control requirements, and power draw. The cost of power in the region you volition operate your mining equipment is critical, every bit this plays a major role in calculating overall profitability.

Crypto Taxes From Mining

Information technology’s also important to consider the potential tax implications of Bitcoin mining. Depending on the scale of your Bitcoin mining efforts and your geographic location, Bitcoin mining may exist considered a business action or may generate taxable events when y’all dispose of the Bitcoin earned through mining.

Yous can acquire exactly how to handle your cryptocurrency received from mining on your taxes here:
Crypto Mining Tax Guide.

Cryptocurrency Taxation Software

If you’re disposing of the Bitcoin you lot earn from mining through cryptocurrency exchanges, yous can utilize cryptocurrency tax software similar CoinLedger to eliminate the stress associated with crypto tax reporting. Using CoinLedger, it’south possible to import all Bitcoin mining-related trades from any given exchange through seamless integration.

Once all of your mining transactions are imported, CoinLedger automatically retrieves the historical fair market value prices for each mining payout and gives you an income report you tin use with your taxes.

Y’all tin can acquire more about how CoinLedger works
hither.