Mining Rigs – Guide to finding the best in the market!
To use bitcoin mining to its full potential it is essential to harvest whatever power he can from his mining rigs. Miners select the best mining rig that offers the highest hash rate and is the most cost effective or cheaper in price. As we go into depth the criterion keeps on increasing with more variables to be carefully evaluated before committing to purchasing the product. Some of the basic variables can be
- Hashes per second (also known as hashes rate)
- Price of the hardware
- Cost of electricity per KW
- Duration of intended use
Mining rigs come in all shapes and sizes, having different ranges of hashes per second and prices, the candidate best equipped for being the ultimate mining rig is the one with the highest hashes rate and the lowest electricity consumption rate.
Discussing the first variable furthermore, gives us a range of hashes which a mining rig is able to produce, currently, most of them are ranging from 1.1 TH/s to 14 TH/s. Meaning having more than one trillion hashes per second! These mining rigs that provide an extensive range of hashes also come with different ranges of prices, the cheapest one costing130$ and one of the most expensive one being available on eBay is around 3000$. Starting off with one of the cheapest let’s dig into the pros and cons of each mining rig:
Bitmain Antminer S5
Is of low cost, being offered at 414$ on eBay, but a second-hand rig can be obtained for 200$, saving up on around 214$, it has a power demand of around 590 Watts and is beginner friendly. If you’re new to mining this mining rig is made for you, however, cons include it being noisy and only offers 115 GH/s which isn’t a lot compared to what other rigs are offering.
Bitmain Antminer S7
Has a high hash rate of 4.73 TH/s and is affordably priced at 440$, also including the shipping fee, it is one of the most popular mining rigs available and is widely used. Usage is recommended with an additional 140$ APW3 with 1600 Watt supply, giving it a grand total of 580$. Drawbacks include the high voltage consumption along with the noise it creates.
you’re new to mining this mining rig is made for you, however, cons include it being noisy and only offers 115 GH/s which isn’t a lot compared to what other rigs are offering.
Bitmain Antminer S9
Has one of the highest available hashes per second rate of 14 TH/s, making it one of the best mining rigs available in the market. In terms of energy consumption, it takes around 0.1 joules per each GH/s making it cost effective. However, the high price of the rig at 2100$ makes it less affordable for the average, everyday consumer along with the additional cost of purchasing a power supply of 200$, further adding to its grand total.
Is voted to be one of the most efficient mining rigs available on the market! At a hash rate of 1.70 GH/s, it is the second-best mining rig the market has to offer. The power consumption is 1300 Watts and miners state that it is less noisy compared to the other mining rigs being sold on the market. The price is 550$ without including the shipping fee, however, fewer hashes per second are being offered compared to that of antminer S7 and S9.