Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,120 trillion. Bitcoin is up by nearly 4% in comparison with last Sunday. Ethereum lost 2% in value over the week. XRP is down by roughly 4% after a troublesome week. Most altcoins, except Avalanche, have traded in the red for most of the week. The DeFi sector gained almost $1.4 billion from the…
Miners play a critical role in a blockchain ecosystem. Not only do they trigger new coin mintings, but they also approve and add verified information to each block on the network, thus securing the network further.
Bitcoin, as the first and biggest blockchain network, has a highly competitive mining environment. With the May halvening around the corner, the rush to develop and get the best and latest mining hardware has already begun.
While mining hardware manufacturers are issuing even more advanced hardware, miners are also considering factors such as the hardware’s power consumption, hash rate, price, size, model, the flexibility of the installation environment, and the cryptocurrency they are mining.
Earning as a miner depends on your equipment’s power and how serious you are as a miner, and here is a list of the best mining equipment in 2020 that will help you pick the best hardware.
1. DragonMint T1
Halong Mining developed DragonMint T1 in 2017, and it has become one of the most popular mining hardware in the market today. DragonMint is SHA256 algorithm hardware with a hash rate of 16 TH/s for a power consumption of 1205W and features inbuilt AsicBoost technology to boost its power efficiency.
One of its best and notable features is its cooling system that keeps the temperature at 25°, using its dual variable fans design with nine blades.
2. Antminer S19 Series
Bitmain recently added its most expensive large scale mining hardware, the Antminer S19 series, with two models, to its collection in March 2020. The Antminer S19 has a power efficiency of 34.5±%5 J/TH, power consumption of 3250W, and features two variants of hash rates of 90 TH/S and 95 TH/S. the Antminer S10 Pro has a power efficiency of 29.5±%5 J/TH two products with hash rates of 105 TH/S and 110 TH/S.
This series was specially designed for the Smart Pool Steady Earning Plan that Bitmain introduced in February 2020.
It guarantees users a steady profit before the halvening season, with pay per share plus earnings not less than those of the Main Pool. To qualify, miners should be in the Smart Pool for at least 32 days during the halvening. The Antminer S19 costs $1964, while the Antminer S19 Pro costs twice as much at $2633.
3. Whatsminer M30S
Whatsminer is an ASIC miner for the SHA-256 algorithm developed by Bitmain’s main rival, MicroBT, and is excellent for mining BTC and BCH. It has a maximum hashrate of 86 TH/S, for a power consumption of 3268W.
Whatsminer is a new release with its first issue in April 2020, just in time for the Bitcoin Halvening season. It is also excellent for mining many altcoins, including Terracoin, Curecoin, Crown, Acoin, Joulecoin, Peercoin, Unbreakable, and eMark.
It is suitable for all mining setups, including mining pools such as SlushPool, NiceHash, Pooling, Antpool, and ViaBTC. The high hashrate places its retail price as high as $1,980.
4. Antminer S17+ and Antminer T17+
Antminer is yet another efficient mining hardware by Bitmain, which features variant high hash rates of 70 TH/S and 73 TH/S. It is excellent for mining Bitcoin and Bitcoin Cash. Its power consumption rate is 2920W, with a power efficiency of 40 J/TH + 10%, and comes with an inclusive power supply.
Bitmain launched the Antminer in October 2019 simultaneously with Antminer T17+ that features a hashrate of 64 TH/S and power efficiency of 50J/TH+10%. Both Antminers represent advanced innovation in rig design and power efficiency.
They use dual-tube heat dissipation technology and protection mechanisms for high and abnormal temperatures to give miners the ultimate stable and safe mining operation. They are both suitable for installation in small to medium mining operations.
5. Antminer T9+
T9+ is an ASIC miner with a hashrate of 10.5 TH/S and a power consumption capacity of 1432W. It also features 162 Bitmain’s BM chips. You can also use it to mine other cryptocurrencies, including Bitcoin Cash, Crown, Terracoin, Curecoin, Peercoin, and Acoin.
This is a powerful Bitcoin mining rig that suits beginners, miners on a budget, and space limits. It is part of the most affordable mining hardware series released by Bitmain, one of the world’s leading crypto miners manufacturers. Antminer T9+ retails for an average of $500.
6. Innosilicon T3+ and Innosilicon T3+ Pro
Both variants are designed with advanced ASIC technology and high fault tolerance fan design with four fans to provide enhanced heat dissipation and durability.
The right mining equipment determines how first a mining operation or a mining pool can process and verify transactions directly proportional to their cryptocurrency rewards.
Besides promoting decentralized finance and contributing to blockchain ecosystems’ growth, mining is profitable and should reward you for your effort. Picking the right mining hardware ensures that you do more than break even on energy and other costs as well.