So in this post, I will share 6 hardware which is profitable for you and makes you great return in Bitcoin mining.
What is Bitcoin mining
Bitcoin mining is a like a solving math’s problem. Best hardware tries more attempt per second in the blockchain for answer. The Miner which solve this question get rewarded for the work and Bitcoin get released.
In cloud mining, many computers make a single pool where mining is done by an individual person. According to the bitcoin mining hardware award get distributed in every one.
Terms in Bitcoin Miners
Before buying any type of hardware you should know some simple terms about Bitcoin hardware.
Hash rate is the rate which tries to attempt more combination of an answer in the blockchain. More hash rate equal to more profit.
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Price of Bitcoin Miner is also one of the crucial aspects of choosing hardware, Miner. You should choose a Miner which start giving profit in 3,4 months of buying. Also, cheap Bitcoin Miner also gives less return which is not advisable. Always choose Miner which convert max electricity consumption into Bitcoins.
Type of Bitcoin Miner
There are 4 types of Miners
In the starting era of mining, people mine Bitcoin using their CPU. In the past, competition in between Miners was less compared to the present. Therefore, CPU mining is profitable but now this think not work well.
CPU mining may heat your desktop and at the end, computer stops working. Therefore, CPU mining is not recommended.
After the year, AMD starts launching their high graphic card. After that new process of mining started which known as GPU mining(graphic processing unit). Where serval external graphic card assembles together to solve the problem using external hardware and cooling fans. GPU is *50%, *70% more profitable as compared to CPU mining.
Mining industry started progressing after making some profit. New technologies have given the born to FPGA. Which is not that much profitable jump. But FPGA given the first Bitcoin mining farms in the world, which is the biggest revolution in Bitcoin mining industry.
ASIC is first hardware which is only made for Bitcoin mining purpose. It starts giving more X100% profit as compared to the past. Now in present ASIC is very popular as compared to another method. If you are serious Miner then you should buy ASIC Miners.
Why use Bitcoin Miner other than CPU
Yes, it is true. Bitcoin mining through CPU is now not profitable. If we calculate electricity consumption and profit then we get a result which shows it is not profitable. Also, competition in mining now increased very much. Chinese people now take lots of advantage of a low fee of electricity.
Also, CPU mining start heating your computer which permanently damages your machine. Therefore, Bitcoin Miner is used. Bitcoin Miner is made for the purpose of mining only and the consumption of electricity compare to CPU is very less.
Which companies make Miners
In zcash Miner, companies like AMD made Miners but for Bitcoin mining lots of companies make hardware.
Bitmain– top Chinese companies for Bitcoin Miners.
Spodoolies Tech-israel based companies
Mining profit calculator
Before buying any bitcoin mining hardware you should always check mining profit calculator. Where you have to fill electricity detail and miner price detail. It will show detail about who much you earn.
What is ASIC Bitcoin Miner?
Bitcoin mining world now stooped at Application Specific Integrated Circuit (ASIC) era. Here ASIC is cheap bitcoin mining hardware made for do a specific job of mining. It is possible if you buy basic hardware today it will work continuously more than 2,3 years. If Miner is electricity efficient than Bitcoin mining is the best way of earning. Many people depend on mining for the income of money. If you want to try your luck and want to invest money then believe me mining is much better than trading.
Second hand Bitcoin mining hardware for sale
Companies like eBay sell second-hand Miner for sale. If you find this product in working condition in cheap price then buying this product also profitable. All the product in eBay in second hand is a certificate by eBay for best exchange.
Yes, if you have perfect Miner of mining the Bitcoin mining is still profitable. Due to more competition profit decreases as compared to the past. A country like China where electricity is less chargeable their Bitcoin mining is profitable. Always buy miner which has a high hash rate with respect to price.
Bitcoin mining without ASIC Miner
You can also mine Bitcoin without any Miner with your computer using command prompt. Just download the easy software and start mining Bitcoins. But mining Bitcoin with a computer is not profitable. You will earn some cent of money.
[i[irp posts=”1243" name=”How to buy bitcoin using phonepe or Bhim app – Best method”]p style="text-align: justify;">Because of continuous mining your computer gets overheated which will damage your computer.so if you are dedicated Miner then mine Bitcoin using AntMiner S7 or AntMiner s9.
USB Bitcoin Miner
In the past, people mine Bitcoin using USB Miner. But today it is not profitable just because it does not produce that much hash rate which will make a profit. If you want to buy Miner then buy AntMiner S7 or S9.
Antminer S9 has great hash rate. Many people use this. Also, my friends who live in US, they use Antminer S9 for mining. According to theme, mining is too profitable compare to trading.
mining Bitcoin is more profitable compared to other cryptocurrencies. Miner like AntMiner S7 AND AntMiner S9 Is still profitable. If you are serious Miner and want to make a good amount of money then buy good Miner. If you think you are not able to buy any hardware then go with cloud mining where you can mine Bitcoin by investing a small amount of money.
But I will suggest you buy any bitcoin mining hardware listed above. It is one-time investment for serious Miner. After 4,5 month you start getting profit.
This is Mahesh Chaube, computer Engineer by Education and Crypto Blogger by Profession From Mumbai. Here at coinraja i write about money making and Reviews on Cryptocurrency Related Thing. I hope you are enjoying My post.