What is Bitcoin Mining and How Does it Work?
Bitcoin was first introduced in 2009, when the algorithm was created under the pseudonym Satoshi Nakamoto.
Bitcoin mining was initially conducted on the CPUs of individual computers. Now, mining activity is dominated by advanced hardware.
Bitcoin mining is the backbone of the Bitcoin network.
Miners provide security and confirm Bitcoin transactions.
Without Bitcoin miners, the network would be attacked and dysfunctional.
As you can see, the S19 is actually a great investment. You’ll almost recoup your entire initial investment in under a year – if paying full price for the S19 from Bitmain – and easily mine your way into the black if you get a discount on the hardware when purchasing.
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Whatsminer M30S+ Review
Price and Power
The M30S+, whose 100 TH/s hashing power is comparable to the S19. Unfortunately, its no longer for sale on MicroBT’s site so you’ll need to get it second hand.
Bitcoins / Month (Profitability)
Let’s take a look at how profitable you can expect your mining to be using a WhatsMiner M30S+.
We’ll again use our Bitcoin mining calculator, which takes into account a number of dynamic variables (such as mining difficulty) to give the best idea of projected returns.
We’re assuming an average household Power Cost of 12c per kWh and a Block Reward of 6.25 BTC per block mined:
Whatsminer M30S++ Review
Price and Power
The M30S++ comes in at $3,250 on MicroBT’s online store, making it quite a bit cheaper than the S19 Pro.
Bitcoins / Month (Profitability)
We’ll use the same assumptions here that we have with the other miners to keep things consistent.
