What is Cryptocurrency Mining?
Cryptocurrency mining involves two processes:
When you are into trading of cryptocurrency, you have to add it to the blockchain. It is secure to add to the blockchain, as it is added only after verifying (individual block miners are required to submit proof-of-work) the cryptocurrency. Mining also helps in releasing funds.
Cryptocurrency mining is also known as crypto mining or Bitcoin (a popular type of cryptocurrency) mining.
Features of a good Cryptocurrency Miner
Price of the Cryptocurrency Miner
It is important to check the cost of a cryptocurrency miner. Cryptos will be mined less if you are using a cheap crypto miner. On the other hand, crypto miners with a higher cost will mine the cryptocurrency in a fast and efficient way.
Hash rate of the Cryptocurrency Miner
Hash rate is known as the speed at which a crypto miner can operate to solve the block by making numerous guesses per second. So, check how many hashes can a crypto miner can make per second. The cost of the crypto miner increases, as the hash rate increases.
The efficiency of the Cryptocurrency Miner
The crypto miners use a lot of electricity for the process. But an efficient crypto miner should be able to use most of the electricity to convert into a cryptocurrency.
Best Cryptocurrency Miners
- Awesome Miner
Awesome miner is centralized mining for Bitcoins cryptocurrency type. The features of Awesome Miner are:
- Awesome Miner supports Linux & windows. Other users don’t worry. You have the option to use Awesome Miner on the web. Thereby, allowing you to use the miner from any type of device including tablets, phones.
- There are a lot of algorithms involved in the cryptocurrency process. Awesome Miner supports most of the leading mining algorithms like
- You have the option to create customized triggers and actions using C#- script engine. This is a built-in engine.
- In a single operation, Awesome Miners allows us to connect with multiple users by adding. switching or managing.
- Awesome Miner is compatible with 25 mining engines.
- Awesome Miner allows us to track the status and temperature of all the devices (ASIC and FPGA) on the dashboard.
Some of the Best Cryptocurrency Miner
- Innosilicon A10 ETHMaster
Innosillicon is specifically designed for mining crypt currency type – Ethereum. The other name of this model is A10 ETHKing. The features of Innosilicon A10 ETHMaster are :
- The power consumption of Innosilicon A10 ETHMaster is 750 W.
- The Innosilicon A10 ETHMaster comes with PSU which helps inefficient operations. Hence, it helps you to get an immediate ROI.
- The hash rate of Innosilicon A10 ETHMaster is 190 MH/s.
- AntMiner D3
The AntMiner D3 is the most compact and affordable cryptocurrency miner available in the market. The features of an AntMiner D3 are
- AntMiner doesn’t use GPU for the mining of cryptocurrency. Therefore, power consumption is not used extensively. Also, the price of the AntMiner is not that high.
- The hash rate of AntMiner is 19.5 GH/s. It means that the blocks are solved at a faster rate.
- The AntMiner uses Application-specific integrated circuit chips (ASICs) for the mining purpose.
- Bitmain Antminer E3
The Bitmain Antminer E3 was launched in 2008 for Ethereum-based cryptocurrency miner. Moreover, Bitmain Antminer E3 is the first Ethereum-based ASIC miner available in the market. The following are the features:
- The Has rate of Bitmain Antminer E3 is 190 MH/s.
- The Antminer by Bitmain for Ethereum-based is cost-effective.
- The Antminer E3 can trade anything in a decentralized, secured, and codified manner.
- The power consumption of Bitmain Antminer is 760 W.
- Innosilicon A9
The A9++ Zmaster by Innosilicon is the latest version of A9+. The Innosilicon has increased the efficiency and hash rate compared to its previous model. Now, it has become more powerful and outstanding. It is mainly used for mining Equilash. The following are a few features of A9++ by Innosilicon:
- The hash rate of A9++ is 140Ksol/s +/-6%. The hash rate has jumped from 120K sol/s.
- The A9++ by Innosilicon offers a high return on investment. This is because the operating cost is low.
- The power consumption of A9++ miner is 1550 W. There is no drastic change from the previous model.
Most of the cryptocurrency miner works on advanced technology. Make sure to invest in a cryptocurrency miner that is sustainable, cost-effective but also at the same time highly efficient.