Bitcoin

5 Best ASIC Miners For Bitcoin Mining in 2018

asic miners represent the latest generation of cryptocurrency mining equipment that has effectively replaced graphics processors. Canadian-based GPU manufacturing giant NVIDIA recently pulled out of mining due to low revenues, which are inextricably connected to the dominance of ASIC chips. At the same time, asic chip makers aim to raise billions of dollars after going public. Bitmain, the world’s largest cryptocurrency-oriented company, still enjoys a near monopoly in the cryptocurrency market. however, its main competitors are already stepping on its neck. therefore, we will try to find the best cryptocurrency miner out there.

how to choose a bitcoin miner?

Before we get to our top five picks, it’s worth mentioning the main factors that will help you determine the best bitcoin asic miner for your personal needs:

Reading: Best bitcoin miner 2018

  1. hash rate. hash rate is measured in hashes per second. obviously, the more powerful your miner is, the higher the block reward you will get.

    efficiency. Hash rate is not the ultimate factor when it comes to choosing the best bitcoin miner as it also has to make the best use of the amount of electricity it consumes. your mining profitability depends heavily on your electricity expenses, so you want to get the maximum amount of bitcoin.

    price. In the early stages of bitcoin mining, it’s all about compensating for your initial investment. you have to calculate the profitability of mining and decide if it’s worth buying a flagship miner, or you can just stick with a less expensive one that will give you more efficiency.

    major producers of asic chips

    • bitmain. The Beijing-based company still controls the majority of the market (85 percent) despite reports that this multi-billion dollar behemoth is gradually losing its monopoly status due to fierce competition in this niche of the cryptocurrency industry. bitmain managed to grow so quickly due to the huge success of its antminer line (which includes the legendary antminer s9 miner). It’s also worth mentioning that Bitmain operates numerous mining pools (Antpool being the largest) that are responsible for over 51 percent of Bitcoin’s hashrate.

      halong mining. Just because bitmain is hell-bent on getting rid of every other mining company in the market doesn’t mean there’s no competition. In November 2017, another Chinese manufacturer introduced the world’s most efficient halong dragonmint 16t miner, continuing an intense race of asic mining hardware.

      creative canaan. Canaan Creative is the second largest bitcoin mining hardware manufacturer in the world after Bitmain. In addition to a host of its miners, the company also recently introduced the first mining TV.

      Now that we’ve covered all the basics, let’s determine which is the best asic miner on the market.

      antminer s9 or antminer s9 hydro?

      antminer s9 has already become a legend among asic miners, but is it still good enough? you can currently buy 14 th/s for less than $700. one of the drawbacks of this miner is that it is very sensitive to high temperatures, so your main task is to make sure it cools down properly. the best option is to have a specific room for mining (if, of course, you don’t own a mining farm). after the release of antminer s9, bitmain’s previous hit product, antminer s7, has drastically dropped in price, so you might as well consider buying a couple of used s7 miners.

      Antminer S9

      Antminer S9 image by Wikimedia Commons

      At the end of August, a brand-new miner appeared on Bitmain’s official website named S9 Hydro. We are dealing with the good old Antminer S9, but they also added a hashing board that increases the total hashrate up to 18 THS. While there are no fundamental technological differences, S9 Hydro produces is not as noisy as other ASIC miners.

      will antminer z9 and antminer z9 mini be able to fight against asic resistance?

      This is a relatively new miner from bitmain (bitmain announced the pre-order of this miner on May 3). One of the specific features of this miner is that it supports mining of equihash based coins including zcash (zec), bitcoin gold (btg), etc. In fact, this was the first asic miner to support this specific algorithm, once again giving gpu mining a huge blow. with a hashrate of 10k sol/s and a power consumption of 300 watts it will cost you around $850 while antminer z9 costs $3,319 and offers 40.8k sol/s. however, with the way the bitcoin hashrate is increasing, you never know if this hardware will become obsolete in a few months. If you are planning to buy this specific miner, there are certain things you need to consider: the increasing difficulty of mining. yes asic bitcoin miners are much more powerful than ordinary gpus but you can also read that as significantly higher mining difficulty of equihash based cryptocurrencies. On top of that, many of these coins could become asic resistant in a similar way to bitcoin gold, virtually eliminating miner efficiency.

      card

      halong mining dragonmint t1: the first miner to offer 16 th/s

      halong mining made an announcement about the launch of halong mining dragonmint t1 in November 2017 and marketed it as the most efficient machine out there. this asic miner actually managed to get up to 16 th/s, which is a visible improvement from the 14 th/s offered by antminer s9s, our first entry on the list. dragonmint t1 has a little more efficiency compared to the old antminer s9s, but it didn’t even come close to the previously stated numbers. That said, it’s up to you to consider if you want to pay $300 more for this miner.

      One of the notable advantages of dragonmint t1 is its cooling solution which comes in the form of dual nine-blade variable fans (they keep the temperature at just 25 degrees). It is worth mentioning that this miner was developed with Samsung (the company confirmed the cooperation in April). After closing a deal with the South Korean tech giant, Halong mining is emerging as a viable competitor to Bitmain.

      See also: How Jack Dorseys Bitcoin Defense Fund Can Defend Devs

      we want sha256 to be great again btcdrak, bitcoin core developer

      avalonminer 821: creating competition for bitmain

      Avalonminer 821

      Avalonminer 821 image by Wikimedia Commons

      AvalonMiner 821 was officially revealed by Canaan Creative last December to hold a candle to Bitmain’s dominance after the success of its previous-generation AvalonMiner 741. This miner has a hashrate of 11TH/s. Unlike DragonMint T1, AvalonMiner 821 only has one cooler, but it still provides the owner with a substantial level of cooling. Furthermore, the miner is resistant to different temperatures. The miner is absolutely compatible with huge mining pools like Nicehash.com, Slushpool.com. AvalonMiner 821 trails Antminer S9s by 10 percent in terms of mining efficiency (this comes in addition to the lower hashrate). However, it is still a viable option for those who want to save some cash. It currently costs around $700. While you still have to buy a $200 PSU for this miner, a total of roughly $900 is still less than Antminer S9.

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      whatsminer m10, avalon a9 and more: the new asic monsters are (almost) here

      This flagship product from a company based in shenzhen shenzhen also deserves your attention. pangolin recently announced this miner on twitter, and it is only available for pre-order for $1,888 (early buyers will already get this miner before September 20th). whatsminer m10, while offering 33 th/s of hashrate, uses around 81 watts per 1 th/s, making it more efficient than its closest competitor, gmo b3. some engineers behind whatsminer m10 come from bitmain so that explains its high level of productivity. however, there is some criticism surrounding whatsminer m10, from negative reviews about slow m3 pre-orders to speculation about whether the miner matches its description on paper in real-life conditions.

      in august canaan creative made an announcement about working on a new avalon a9 which is a 7nm chip technology that can go up to 30 while its power consumption is only 1730w which ensures maximum level of efficiency. This technology definitely outperforms the latest Innosilicon Terminator 2. However, it is quite likely that all the major Asic manufacturers already have a new 7nm Asic up their sleeve, so we have to wait and see if Canaan will have a competitive advantage. Japanese tech giant GMO is also developing 7nm Asic miners to be released in 2018.

      strictly numbers

      Asian miner

      hash rate

      price

      antminer s9 hydro

      Jul 18

      $755

      antminer s9

      Jul 14

      $695

      dragon mint t1

      See also: Does Crypto Mining Damage A GPU?

      16/s

      $999

      antminer z9

      40.8k soles/s

      $3319

      antminer z9 mini

      10k sun/s

      $850

      avalon miner 821

      11/s

      $649.00

      pangolin whatsminer m10

      33/s

      $1,888

      Are there miners we don’t know about?

      It has already been confirmed that there was a best secret asic miner that was specifically designed to mine monero (it has been responsible for nearly 50 percent of its hash rate for over a year). On top of that, there have been a lot of rumors about other super powerful asic miners. asic mining is a huge global industry, so big mining farms are willing to pay millions to get a sneak peek at exclusive miners.

      See also: Bitcoin Wealth Is Becoming More Evenly Distributed Over Time 2/4 – E-Commerce Institute Cologne

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