69
views

Cryptocurrency Mining Hardware Equipment You Should Consider in 2020

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 SlushPoolNiceHash, PoolingAntpool, 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

Innosilicon released two variations of miners, the Innosilicon T3+ and Innosilicon T3+ Pro, which are both PSU BTC Miner with hash rates of 57 TH/s for 3300 67 TH/s for 3300W, respectively.

Both variants are designed with advanced ASIC technology and high fault tolerance fan design with four fans to provide enhanced heat dissipation and durability.

Conclusion

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.

Bitcoin live price
Btc
Bitcoin
$36.408
price
6.51209%
price change
BUY NOW

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.

Stay up to date with our latest articles

More posts

What Is CBDC In Crypto?

The cryptocurrency trading revolution exploded more than ten years ago and led to an almost unprecedented economic and financial earthquake. As a result, people are learning to change their approach to payment and investment systems, pushing up the price of many cryptocurrencies. Such a rapid change has not gone unnoticed on the boards of the world's major central banks. In fact, in an increasing number of countries, central banks are working on launching centralized digital currencies, known as CBDC. This…

How Social Leaders on Shrimpy help Investors Maximize Profits from Crypto Trading

The emerging trend of social trading allows millions of investors to interact with their peers and learn from accomplished traders in the crypto market. Every market participant wants to become a profitable crypto trader and maximize earnings from the ongoing crypto boom. Unfortunately, navigating the highly volatile space while grasping the complex learning curve that involves fundamental/technical analysis can be rather daunting. Becoming successful in the crypto market requires time to develop a working strategy that empowers investors to execute…

Decentralized Exchanges 2022: Which is the Best Crypto DEX to Trade on?

Market experts believe that the survival and growth of crypto largely depend on decentralization. The good news is that decentralized exchanges or DEXs have become highly popular, and the crypto market sees this as an opportunity to save the essence of traditional blockchain. Each decentralized exchange platform has the potential to revive and thrive crypto market. Moreover, each new DEX platform comes with its own set of features. There are several methods to use DEXs and make money.  Decentralized exchange…

Top Crypto Exchanges for Beginners in 2022

Investing in crypto is not as complex as most people think. So if you’re curious and optimistic about the rise of crypto, there is no reason to hold back and dive into it. Remember, it is normal for beginner investors to get caught in the cobweb of endless crypto exchanges. As a beginner investor, your objective should focus on the best crypto exchanges to make the right investment decisions. Whether it’s Bitcoin or Ethereum, cryptocurrencies continue to be at the…

Top 10 Cryptocurrencies in January 2022

Cryptocurrencies had a great year in 2021. In this period, we have seen the market go from being classified as a billion-dollar economy into a trillion-dollar economy. Aside from that, cryptocurrencies are gaining visibility in the mainstream world with, for example, El Salvador's adoption of Bitcoin as the official digital currency. As a result, investors are looking for the "new Bitcoin" on the market, hoping to find a great alternative in so-called altcoins. Unfortunately, many traders value an altcoin exclusively…

The Story Of Bitcoin And Ethereum’s Reversed Blockchains

Decentralization is the primary selling point of the three worlds of Bitcoin, crypto, and the web. There are several reasons for this. Some are related to the increased transactional efficiency that decentralization can provide. Others are related to creating permissionless, censorship-resistant digital networks. The most important is that decentralization weakens any single-point-of-failure, hence bolstering network security. This not only keeps a network as close to unbiased and ‘neutral’ as possible but almost guarantees its immutability. Yet the crypto world hasn’t…

What Are the Best Crypto Prediction Sites?

There are now several websites that provide, besides crypto live prices, some forecasts on the future of the leading cryptocurrencies. However, considering the market’s high volatility and the few analysis tools available to the public for formulating these forecasts, it must monitor these portals carefully. This article will report some of the primary sources of price forecasts in the crypto industry. However, we remind you that the information contained in the text does not constitute financial advice, and we invite…

Why Do the Cryptocurrency Prices Go Down on the Weekends?

If you have been in the crypto world for a while, you will probably have noticed a typical behaviour of the market during weekends. With some exceptions, we are used to seeing the price of significant cryptocurrencies drop over the weekend. The phenomenon is known to those who operate in this market, but understanding precisely the causes seems to be rather complex. Therefore, this article will discuss a definitive answer by analyzing the various main factors involved in this market…

How to Track and Stay Updated with Cryptocurrency News

Cryptocurrency is a young market and, as such, very fast-moving. If we exclude the phenomenon of stablecoins, the prices of cryptocurrencies change continuously, with sometimes very high volatility. Since a volatile investment is, by definition, a risky operation, traders usually look for ways to reduce the possibility of incurring significant money losses. In this context, it is vital to stay up to date with market events, even if this can be complex. As seen in the past, a single tweet…

Keeping Consensus: Explaining Ethereum’s Difficulty Bomb

Ethereum’s difficulty bomb is a tool for maintaining network consensus between all classes of participants. This is a challenging task for Ethereum compared to Bitcoin, which performs frequent backwards-incompatible hard-forks. The most significant of these – Ethereum 2.0 – is yet to come. When it does, the difficulty bomb will be crucial in ensuring the community’s smooth transition to the new protocol. Review: Ethereum 2.0 and Proof Of Stake To understand the necessity of the bomb, we must review some…