Mineurs World

Feb, 2025

Crypto miners for sale, crypto miners, buy crypto miners online,

Crypto Miners for Sale: Everything You Need to Know

In the rapidly evolving world of cryptocurrency, mining has become an essential aspect of the ecosystem. With the increasing demand for cryptocurrencies and the corresponding rise in their prices, the mining industry has boomed. One of the most crucial steps in cryptocurrency mining is the selection and purchase of a reliable and efficient crypto miner for sale. However, with numerous options available in the market, choosing the right miner for your needs can be a daunting task.

In this comprehensive guide, we will delve into the world of crypto miners for sale, exploring their benefits, technical specifications, and the best places to buy or sell them. Our goal is to equip you with the knowledge you need to make informed decisions and unlock the full potential of your crypto wallet.

Introduction to Crypto Mining and Miners

Before we dive into the details of crypto miners for sale, let’s briefly cover the basics of cryptocurrency mining.

What is Cryptocurrency Mining?

Mining refers to the process of verifying transactions on a blockchain network, which is the underlying technology behind most cryptocurrencies, including Bitcoin, Ethereum, and Altcoins. The process involves solving complex mathematical equations to validate transactions, and the person solving the equation is rewarded with newly minted cryptocurrency.

What is a Crypto Miner?

A crypto miner is a specialized computer designed specifically for cryptocurrency mining. The miner is equipped with high-performance hardware, including graphics cards (GPUs) or application-specific integrated circuits (ASICs), which are designed to perform the complex mathematical calculations required for mining. Antminer s15 miner for sale

Benefits of Using a Crypto Miner for Sale

The benefits of purchasing a crypto miner for sale are numerous:

High Returns: By mining cryptocurrencies, you can earn significant returns on your initial investment.
Passive Income: Once you’ve set up your miner, it can run continuously, generating profits even while you’re not actively working.
Increased Accessibility: With a crypto miner, you can mine cryptocurrencies without needing a large amount of computational power or technical expertise.
Competitive Advantages: Having a crypto miner can give you a competitive edge in the market, allowing you to mine cryptocurrencies more efficiently and profitably.

Understanding the Benefits of Purchasing a Crypto Miner for Sale

Purchasing a crypto miner for sale can bring numerous benefits to your cryptocurrency mining journey. One of the primary advantages is the potential for high returns on your investment. A well-designed miner can mine cryptocurrencies at high speeds, generating significant profits over time.

How to Choose the Right Crypto Miner for Your Needs

Choosing the right crypto miner for your needs requires careful consideration of your requirements, budget, and available space. Here are some key factors to consider when selecting a miner:

Hashrate: Choose a miner with a high hashrate, which determines the rate at which the miner processes transactions.
Energy Consumption: Consider energy-efficient miners to minimize your electricity costs.
Noise Level: If you plan to run your miner in a home or office, consider a low-noise model.
Cooling System: Ensure the miner has a reliable cooling system to prevent overheating.
Compatibility: Choose a miner compatible with your preferred cryptocurrency.

Technical Specifications to Consider

When evaluating crypto miners for sale, consider the following technical specifications:

GPU or ASIC: Decide whether you need a GPU or ASIC-based miner, depending on your cryptocurrency choice.
Memory: Ensure the miner has sufficient memory to process transactions efficiently.
Motherboard: Choose a miner with a sturdy motherboard to withstand the rigors of continuous operation.
Power Supply: Select a miner with a reliable power supply to prevent equipment damage.

Where to Buy Crypto Miners for Sale: Top Options Revealed

When purchasing a crypto miner for sale, it’s essential to consider the reliability and authenticity of the seller. Here are some top options:

Mineurs World: As one of the leading online marketplaces for crypto miners, Mineurs World offers a vast selection of miners from renowned manufacturers.
Amazon: Amazon offers a broad selection of crypto miners from various sellers, often with free shipping and returns.
Newegg: As a dedicated computer hardware store, Newegg offers a range of crypto miners with competitive pricing and fast shipping.

Mineurs World: Your One-Stop Shop for Crypto Miners

If you’re looking for a single platform to find the perfect crypto miner for sale, Mineurs World is your go-to destination. With an extensive catalog of miners from top manufacturers, you can browse and compare products to find the ideal miner for your needs.

Tips for Selling Your Used or Second-Hand Crypto Miner

If you’ve upgraded to a newer miner or no longer need your existing one, consider selling it on Mineurs World or other online marketplaces. Here are some tips to get you started:

Determine the Value: Research the current market price of your miner to determine a fair selling price.
Clean and Prepare: Ensure the miner is in good condition, clean, and ready for sale.
Take Quality Photos: Include high-quality photos of the miner to showcase its condition.
Write a Detailed Description: Provide a detailed description of the miner, including its specifications and features.

The Importance of Proper Maintenance and Upgrades

To ensure your crypto miner operates efficiently and effectively, it’s essential to perform regular maintenance and upgrades:

Clean the Miner: Regularly clean the miner to prevent dust buildup and overheating.
Update Firmware: Update the miner’s firmware to ensure it remains compatible with the latest cryptocurrency protocols.
Replace Components: Replace worn-out components, such as fans or capacitors, to maintain optimal performance.

Conclusion: Why You Need to Invest in a Crypto Miner for Sale Today

In conclusion, purchasing a crypto miner for sale can be a game-changer for your cryptocurrency mining endeavors. With the right miner, you can unlock high returns, passive income, and competitive advantages in the market.

When choosing a miner, consider factors like hashrate, energy consumption, noise level, cooling system, and compatibility. Technical specifications, such as GPU or ASIC, memory, motherboard, and power supply, are also crucial considerations.

By following this comprehensive guide, you’ll be well-equipped to select the perfect crypto miner for your needs and take your cryptocurrency mining journey to the next level.

Call-to-Action: Visit Mineurs World today and discover the best crypto miners for sale. Whether you’re a seasoned miner or just starting out, our expert team is here to help you unlock the full potential of your crypto wallet.

Feb, 2025

Antminer S15 For Sale

In the ever-evolving world of cryptocurrency mining, the right hardware can mean the difference between profitability and loss. If you’re in the market for a powerful, efficient miner, the Antminer S15 should be at the top of your list. In this comprehensive guide, we’ll explore everything there is to know about the Antminer S15 for sale, from its features and specifications to tips on where to find the best deals and how to maximize your mining investment.

1. Introduction to Cryptocurrency Mining

Cryptocurrency mining involves validating transactions on a blockchain network and earning cryptocurrency as a reward. The process requires significant computational power, and miners increasingly rely on specialized hardware to maximize efficiency. The Antminer S15, developed by Bitmain, is one of the advanced machines designed for Bitcoin mining and is known for its high hash rate and energy efficiency.

1.1 What is an Antminer?

Antminer is a brand of ASIC (Application-Specific Integrated Circuit) miners produced by Bitmain Technologies. ASIC miners are specialized devices in contrast to general-purpose hardware like GPUs (Graphic Processing Units). This specialization enables them to offer superior performance, efficiency, and profitability in mining certain cryptocurrencies.

1.2 Overview of the Bitcoin Mining Process

Bitcoin networks rely on miners to validate transactions through a process known as proof of work. Here’s a simplified breakdown of the mining process:

Transaction Validation: Miners collect transactions from the Bitcoin network and organize them into blocks.
Hashing: Using their computational power, miners attempt to solve a complex mathematical problem. This process is called hashing.
Block Reward: The first miner to solve the problem broadcasts their solution to the network. If accepted, they add the new block to the blockchain and receive a block reward in the form of newly minted bitcoins, along with transaction fees from the transactions included in the block.

1.3 Why Invest in Antminer S15?

When considering investing in Bitcoin mining hardware, the Antminer S15 stands out due to its remarkable specifications:

High hash rate
Energy efficiency
Reliability
Proven track record in the mining community

2. Technical Specifications of Antminer S15

2.1 Hash Rate

The Antminer S15 boasts a hash rate of approximately 28 TH/s (terahashes per second), making it capable of processing vast amounts of transactions rapidly. Hash rate is a crucial metric in mining, with higher rates leading to a better chance of solving cryptographic problems and earning rewards.

2.2 Power Consumption

An essential factor to consider when purchasing mining equipment is its energy consumption. The Antminer S15 has a power consumption ranging from 1520W to 1750W, depending on the version you choose. It achieves impressive energy efficiency, with an efficiency rate of around 50 J/TH (joules per terahash).

2.3 Dimensions

The Antminer S15 has a compact design, measuring 450mm x 220mm x 240mm. Despite its size, it is built robustly and features an effective cooling system to prevent overheating during extended operation.

2.4 Noise Levels

Operating an Antminer S15 generates noise, around 76 dB. This level is comparable to a typical conversation and can be a consideration if you’re setting up your mining operation in a residential area.

2.5 Cooling System

The Antminer S15 features an intelligent cooling system with multiple fans to ensure optimal ventilation. This allows the miner to maintain performance levels even during high-usage periods.

3. Where to Buy Antminer S15 for Sale

Purchasing the Antminer S15 can be a straightforward process if you know where to look. Below, we explore some of the best avenues for sourcing this powerful miner.

3.1 Official Website

The safest and most reliable way to purchase an Antminer S15 is directly from our official Mineurs World website. We occasionally runs promotions and restocks, making it an excellent place to check for the latest availability.

3.2 Authorized Resellers

Many authorized resellers partner with Bitmain to provide buyers access to the Antminer S15. These resellers often offer warranties and customer support, an essential consideration when investing in such expensive hardware. Notable authorized resellers include:

3.3 Online Marketplaces

Platforms like Amazon, eBay, and various cryptocurrency forums also have listings for the Antminer S15. When opting for these sites, ensure you check the seller’s reputation, reviews, and warranty information to avoid scams and counterfeit products.

3.4 Local Mining Groups and Forums

Local cryptocurrency mining groups, both online and offline, can be fantastic resources for sourcing equipment at competitive prices. Engaging with the mining community can also yield tips on where to find the best deals and networking opportunities.

4. Setting Up Your Antminer S15

Once you’ve acquired your Antminer S15, it’s time to set it up for mining. This process entails selecting a mining pool, configuring your hardware, and ensuring your workspace meets environmental requirements.

4.1 Choosing a Mining Pool

Joining a mining pool can significantly increase your chances of earning Bitcoin rewards. A mining pool is a group of miners who combine their computational resources to compete for block rewards. Some popular mining pools include:

Antpool
F2Pool
Slush Pool

4.2 Hardware Configuration

Setting up your Antminer S15 involves connecting it to a power source, configuring the network settings, and managing the cooling arrangement. Follow the manufacturer’s guidelines for installation and configuration:

Connect the Antminer to a power supply.
Connect the miner to your internet router via an Ethernet cable.
Configure the miner’s settings using the web interface. You will need to enter your pool’s URL, username, and password for mining.

4.3 Environmental Considerations

The Antminer S15 generates heat and noise, so ensure that you set it up in a suitable environment. Ideally, use a dedicated space with proper ventilation and insulation to mitigate noise and maintain optimal temperatures.

5. Calculating Potential Profits with the Antminer S15

Understanding the potential profitability of your Antminer S15 investment requires several calculations. You will need to factor in hash rate, power consumption, electricity costs, and Bitcoin prices.

5.1 Profitability Calculator

Many websites offer Bitcoin mining profitability calculators where you can input the following variables:

Hash rate (28 TH/s for Antminer S15)
Power consumption (e.g., 1600W)
Electricity cost (in your local currency per kWh)
Pool fees
Bitcoin block reward and fee rates

5.2 Electricity Cost

Electricity cost significantly impacts your mining profitability. Ensure you know your local electricity rates so you can better estimate your operational expenses.

5.3 Current Bitcoin Value

Bitcoin’s price fluctuates significantly. Your mining profitability can vary dramatically based on market conditions. Regularly monitor cryptocurrency market trends to adjust your strategy accordingly.

6. Pros and Cons of Antminer S15

Every mining rig comes with its advantages and disadvantages. Understanding these can help you make a well-informed decision.

6.1 Pros

High Hash Rate: The S15 is known for its powerful 28 TH/s capability.
Energy Efficiency: With around 50 J/TH efficiency, it reduces electric costs compared to many older models.
Compact Design: Its smaller size makes it easier to install in various environments.
Adaptability: The machine can work seamlessly with various mining pools.

6.2 Cons

Noise Production: The Antminer S15 generates considerable noise, making it less suited for residential settings.
Initial Investment: The upfront costs of purchasing an S15 can be significant.
Market Fluctuations: The profitability of mining can be heavily influenced by Bitcoin’s volatile price.

7. Maintenance Tips for Your Antminer S15

Keeping your Antminer S15 in optimal condition requires regular maintenance. Below are some essential tips:

7.1 Routine Cleaning

Dust buildup can hinder airflow and cooling efficiency, ultimately impacting mining performance. Regularly clean the miner’s exterior and fans to maintain optimal operating conditions.

7.2 Software Updates

Make sure to keep your miner’s firmware up to date. Regular software updates can provide enhancements and ensure the best performance and security. Siacoin miner

7.3 Monitor Performance

Continuously monitor your Antminer S15’s performance using mining management software. Track important metrics such as hash rate, temperature, and power consumption for optimal operation.

8. Conclusion

Investing in the Antminer S15 can be a lucrative decision if approached strategically. This powerful miner is designed to deliver superior performance and energy efficiency, making it a perfect choice for serious Bitcoin miners. However, it is essential to conduct thorough research, carefully assess costs, and understand market dynamics to maximize your investment.

For anyone considering entering the cryptocurrency mining space or looking to upgrade their current setup, the Antminer S15 for sale is an option worth exploring. From understanding its specifications to setting it up for optimal profitability, this guide has laid the groundwork for a successful mining experience.

Call to Action

Ready to start your mining journey? Explore different marketplaces, compare prices, and take the leap into the world of cryptocurrency mining today with the Antminer S15!

Jan, 2025

Obelisk SC1 – Siacoin Miner 550

As the digital landscape continues to evolve, cryptocurrencies have gained immense popularity, inspiring a significant increase in mining activities. Among the multitude of mining options available, the Obelisk SC1 – Siacoin Miner 550 stands out as a powerful and efficient choice for Siacoin enthusiasts and miners. In this extensive guide, we will delve deeply into the features, benefits, installation, benchmarking, and comparison with other miners. By the end of this blog post, you will have a thorough understanding of why the Obelisk SC1 – Siacoin Miner 550 is an excellent investment for anyone looking to dive into the world of Siacoin mining.

Understanding Siacoin and Its Importance

Before we explore the Obelisk SC1 – Siacoin Miner 550, it’s essential to grasp the significance of Siacoin as a cryptocurrency. Siacoin (SC) is the native cryptocurrency used within the Sia decentralized storage platform. The fundamental idea behind Sia is to allow users to rent unused hard drive space from other users at a lower cost than traditional cloud storage services. Siacoin serves as the medium of exchange for these transactions.

Why Siacoin?

Decentralization: Sia aims to disrupt the traditional cloud storage market by employing a decentralized model, making file storage more secure and less susceptible to data breaches.
Cost-Effectiveness: Users can rent storage space on the Sia platform for a fraction of the cost typically charged by centralized service providers.
Incentives for Miners: Miners on the Sia network contribute their computing power to validate transactions and are rewarded with Siacoin, creating a profitable ecosystem.

Overview of the Obelisk SC1 – Siacoin Miner 550

The Obelisk SC1 – Siacoin Miner 550 is specifically designed to mine Siacoin efficiently, leveraging the Sia platform’s unique algorithms. Below are the key specifications and features of this miner, which make it an attractive option for both novice and experienced miners alike. Buy antminer s17 online

Key Specifications

Hash Rate: 550 GH/s (Gigahashes per second)
Power Consumption: Approximately 350W
Algorithm: Blake2b
Cooling: Integrated cooling system
Size: Compact design for easy setup
Power Supply: Standard 110V-240V compatible

Features

High Hash Rate: The impressive hash rate of 550 GH/s enables miners to process a substantial number of transactions, enhancing their chances of earning Siacoin rewards.
Energy Efficient: With a power consumption of only 350W, the Obelisk SC1 is efficient, ensuring that electricity costs remain manageable and maximizing profit margins.
Durability: Built with premium materials, the miner is designed for long-lasting performance, allowing miners to maximize their investment.
User-Friendly: Its intuitive interface makes it accessible for beginners, while still offering features that experienced miners will appreciate.

Setting Up Your Obelisk SC1 – Siacoin Miner 550

Step-by-Step Installation

Unboxing and Setup: Upon receiving your Obelisk SC1, carefully unbox the miner and ensure all components are present. Find a suitable location with proper ventilation and temperature control.
Connecting the Power Supply: Connect the power supply unit to your miner. Ensure that it is rated for the appropriate voltage (110V-240V).
Network Connection: Connect the miner to your local network through an Ethernet cable for a stable connection.
Configuration:

Access the miner’s interface by entering its IP address in your web browser.
Input the necessary configuration settings such as pool URL, wallet address, and worker name. For those who are unsure, several online guides offer detailed instructions for setting this up.

Monitoring: After configuration, keep an eye on performance metrics through the miner’s dashboard. This will help you gauge efficiency, power consumption, and the hash rate.

Tips for Optimal Performance

Maintain Proper Cooling: Ensure that your mining location is well-ventilated. Consider additional cooling fans if necessary.
Regular Maintenance: Periodic cleaning and inspections will help maintain hardware longevity.
Stay Updated: Keep your miner’s firmware updated to benefit from the latest improvements and features.

Benchmarking the Obelisk SC1 – Siacoin Miner 550

When investing in any mining hardware, benchmarking its performance against other miners is vital. Below we will compare the Obelisk SC1 – Siacoin Miner 550 with other popular models in the industry.

Comparison Chart

Feature	Obelisk SC1 – 550	Other Miners
Hash Rate	550 GH/s	450 GH/s – 600 GH/s
Power Consumption	350W	300W – 400W
Efficiency	High	Medium-High
Price Range	$2,500	$2,000 – $3,000
Ease of Use	User-Friendly	Moderate

Performance Review

The Obelisk SC1 offers a competitive edge with its balance of efficiency and power. While other miners may provide higher hash rates, they often come with increased energy consumption, which can diminish profitability. The SC1’s ability to run efficiently helps miners maintain higher profit margins, especially in fluctuating energy markets.

Profitability Analysis

The profitability of mining can vary significantly based on several factors, including electricity costs, Siacoin market price, and network difficulty. To determine if the Obelisk SC1 – Siacoin Miner 550 is the right investment, let’s consider a simple profitability model.

Factors Influencing Profitability

Electricity Rates: Calculate your local electricity rates in kWh. With the miner’s 350W consumption, this figure will affect profitability.
Current Siacoin Price: Track Siacoin prices on exchanges to determine potential earnings.
Mining Difficulty: Monitor the mining difficulty on the Sia network. Increased difficulty reduces the likelihood of mining new Siacoins.

Profitability Calculation

Assuming an average electricity cost of $0.10 per kWh and the current Siacoin market price of $0.003, miners can follow this formula to estimate their monthly earnings:

Daily Earnings = Hash Rate * Block Reward * Number of Blocks Found / Difficulty
Monthly Profit = (Daily Earnings * 30) – (Electricity Cost * 30)

Upon calculating these values, miners can assess their estimated revenue and expenses, allowing for informed decision-making.

Community and Support

The success of your mining venture significantly depends on the support you receive from fellow miners and developers. Engaging with the Siacoin community can provide valuable insights, tips, and troubleshooting advice.

Online Communities

Forums: Participate in cryptocurrency forums dedicated to mining, such as BitcoinTalk and Sia’s official forums.
Social Media: Follow Siacoin pages and groups on platforms like Reddit and Telegram for real-time discussions and updates.
Discord: Join mining Discord servers to connect with like-minded individuals and industry experts.

Customer Support from Obelisk

Obelisk’s commitment to customer service is commendable. They offer a responsive support team to assist with setup, performance inquiries, and troubleshooting. Ensure you register your product with them for optimal support.

Conclusion

In summary, the Obelisk SC1 – Siacoin Miner 550 is a robust and efficient solution for anyone interested in Siacoin mining. With its attractive hash rate, energy efficiency, and user-friendly features, this miner offers an excellent opportunity to maximize your investment in cryptocurrency mining.

What’s Next?

As the cryptocurrency market evolves, it’s essential to continually research and stay informed about mining technologies, updates, and market trends. Ensure to evaluate the profitability periodically and adjust your strategies accordingly.

If you’re ready to embark on your Siacoin mining journey, the Obelisk SC1 – Siacoin Miner 550 is an exceptional choice that provides both performance and reliability, setting you up for success in the world of cryptocurrency mining.

For those interested in purchasing the Obelisk SC1, visit Mineurs World to explore more details and consider joining the growing community of successful Siacoin miners today!

Jan, 2025

Buy Antminer S17 Online

In the ever-evolving world of cryptocurrency mining, choosing the right hardware can dramatically impact your profitability and efficiency. Among the myriad of mining machines available, the Antminer S17 stands out due to its robust performance. If you are considering diving into the world of mining, this comprehensive guide will equip you with everything you need to know about buying the Antminer S17 online.

Introduction

Cryptocurrency mining has gained significant momentum over the past decade, influencing the financial landscape across the globe. As the demand for various cryptocurrencies peaks, so does the necessity for competent mining hardware. The Antminer S17, developed by Bitmain, is one of the most popular ASIC miners on the market today.

This guide focuses on how to effectively purchase the Antminer S17 online, optimizing your search for the best deal while ensuring you acquire a legitimate product. We will delve into features, pricing, where to buy, comparisons with other models, and tips for enhancing your mining operation.

Understanding the Antminer S17

What is the Antminer S17?

The Antminer S17 is an ASIC miner designed specifically for Bitcoin mining. Operating with the SHA-256 algorithm, it has become a favored choice for miners looking to maximize efficiency and profitability. Here are some key specifications:

Hash Rate: The Antminer S17 offers a hash rate of up to 50 TH/s, allowing miners to process transactions and secure the network significantly faster than previous models.
Power Consumption: With a power consumption of around 2200W, it is critical to have adequate power supply and cooling systems in place.
Efficiency: The miner’s efficiency is approximately 45 J/TH, making it one of the most efficient models of its time.
Cooling: Comes equipped with dual fans for efficient cooling and to maintain optimal operating temperature.

Advantages of the Antminer S17

High Efficiency: The S17 leverages advanced technology to ensure that it consumes less power while maximizing the hash rate.
Durable Build: Designed to withstand rigorous operations, the S17’s build quality ensures longevity.
Support: Being a product from Bitmain, the S17 benefits from extensive community support and product documentation.

Why You Should Buy Antminer S17 Online

Purchasing an Antminer S17 online offers numerous advantages over traditional brick-and-mortar stores:

Broader Selection: Online platforms provide a wider array of options, allowing you to compare prices and models easily.
User Reviews: Access to user feedback and reviews can guide your decision-making process.
Price Comparison Tools: Numerous online tools allow users to compare prices quickly, ensuring you get the best deal.
Convenience: The ability to buy from your own home makes shopping for mining equipment significantly more comfortable.

Where to Buy Antminer S17 Online

E-commerce Websites

Amazon: While the availability of Antminer S17 can be inconsistent due to demand, Amazon frequently has listings for new and used units.
eBay: A good platform for finding both new and second-hand Antminers. Always check seller ratings and reviews to avoid scams.
Specialized Mining Hardware Stores: Websites like Mineurs World specialize in mining equipment and often provide competitive pricing and expert advice.

Manufacturer Websites

The most reliable option is purchasing directly from the manufacturer. Bitmain’s website sells Antminer S17 units and typically offers the latest models directly to consumers.

Cryptocurrency Forums

Forums and marketplaces, such as Reddit, can provide access to community members selling their equipment. However, exercise caution to avoid scams.

Comparing Different Models

Antminer S17 vs. Antminer S19

Hash Rate: The S19 has significantly higher hash rates (up to 110 TH/s), but the S17 is more accessible for small-scale miners.
Price: The S17 is generally less expensive compared to the S19, making it a more budget-friendly option.
Power Consumption: Both machines have similar consumption rates, but the S19 is more efficient regarding performance per watt.

Antminer S17 vs. Whatsminer M20S

Hash Rate: The Whatsminer M20S offers a comparable hash rate but often at a lower price point.
Performance: The S17 is known for its durability, while the M20S might be a more attractive option for those looking for value. Phone farming

Pricing Trends for Antminer S17

The price of the Antminer S17 can fluctuate significantly based on market demand, availability, and the price of Bitcoin. Currently, prices can range from $2,000 to $3,500, depending on conditions. To stay competitive, consider these strategies:

Timing Your Purchase: The prices of mining equipment tend to rise with an increase in Bitcoin value.
Buying Used Units: A second-hand S17 could be substantially cheaper while often offering similar performance.

Assessing Legitimate Sellers

When buying an Antminer S17 online, it’s crucial to ensure that you are purchasing from a reputable and trustworthy source. Here are some signs to look for:

Secure Website: Check for HTTPS in the URL and verify that the site is well-designed and professional.
Customer Reviews: Look for user reviews and testimonials to gauge the seller’s reputation.
Return Policy: Legitimate sellers should have a clear return policy in case of issues with the equipment.
Customer Support: Availability of support for troubleshooting and inquiries is a major plus.

Optimizing Your Purchase

Researching Pricing

Utilize price comparison websites and cryptocurrency forums to track price trends over time. Factors like supply chain disruptions, Bitcoin price changes, and seasonal demands affect prices.

Understanding Shipping Costs

Factor in shipping costs when buying the Antminer S17 online. Depending on your location, international shipping can add to the overall cost.

Warranty and Support

Invest in a device that comes with a warranty. This can save you money and hassle in case of hardware failure.

Setting Up Your Antminer S17

Once you have procured your Antminer S17, setting it up effectively is the next critical step.

Step-by-Step Guide to Setup

Unboxing and Inspection: Ensure all components are included and check for any physical damage.
Connecting to Power Supply: Use the appropriate power supply unit (PSU) to connect your miner.
Network Configuration: Connect your Antminer S17 to your network via Ethernet; ensure a stable internet connection.
Mining Pool Configuration: Join a mining pool to combine your hashing power. Input your pool’s URL and your wallet address into the Antminer’s default settings.

Monitoring Your Miner

Use monitoring tools and software applications to track the performance of your Antminer S17. Look out for metrics like hash rate, temperature, and power consumption to optimize performance.

Enhancing Your Mining Efficiency

To maximize the potential of your Antminer S17, consider implementing the following strategies:

Optimal Cooling Solutions: Use additional cooling solutions to maintain ideal operating temperatures.
Regular Maintenance: Keep your hardware clean and free from dust to prolong its operational lifespan.
Power Optimization: Schedule your mining to align with lower electricity costs if your provider has variable pricing.

Staying Updated with Mining Trends

The cryptocurrency landscape is dynamic, and staying abreast of the latest developments is crucial for mining profitability. Follow reputable news sites, forums, and industry reports.

Conclusion

Investing in the Antminer S17 is a pivotal decision for anyone serious about cryptocurrency mining. With the ability to buy the Antminer S17 online, this guide has provided a comprehensive roadmap to navigate your purchasing journey—from understanding its advantages to configuring your new device effectively. As the cryptocurrency world continues to expand, keeping informed and adapting your strategies will position you to achieve greater success in your mining endeavors. Consider your options wisely, select a reliable seller, and embark on maximizing your profitability with the Antminer S17.

Final Thoughts

As you embark on your journey to buy an Antminer S17 online, remember that thorough research and strategic buying can greatly enhance your mining experience. The world of cryptocurrency mining is rife with opportunities; being prepared and informed will enable you to seize them effectively.

Mar, 2024

U.S. Government Closing in on Bitcoin Mining

The U.S. Department of Energy (DOE) is taking a closer look at bitcoin {BTC} mining. Is this cause for alarm?

More specifically, the Energy Information Administration (EIA), a statistics agency under the DOE, will survey the electricity use of selected U.S.-based miners over the coming six months starting next week, after putting out an “emergency collection of data request.”

Given the phrasing of an “emergency” order and the current administration’s crypto-critical stance, many are worrying that the information collected will be used to inform potentially harmful policies to the mining industry. In its public filing, the EIA cites the possibility of “public harm” from crypto mining for collecting the data.

“EIA is policy neutral agency that does not create policy, implement policy, enforce policy or comment on policy. EIA spokesperson Morgan Butterfield told CoinDesk in emailed responses. “Results from the data we collect will help inform our path forward regarding a regular three-year clearance during the next six months.”

But being policy-neutral doesn’t necessarily mean the survey won’t influence policy. There’s reason enough to believe that simply by running this survey the EIA is asking questions about the larger purpose of Bitcoin and whether it benefits society, and already has an answer in mind.

For instance, the justification for the emergency order, granted by the Office of Management and Budget, was the recent crypto price rally, which saw bitcoin climb over 50% in a matter of months, which the EIA said would “incentivize more cryptomining activity, which in turn increases electricity consumption.”

“Given the emerging and rapidly changing nature of this issue and because we cannot quantitatively assess the likelihood of public harm, EIA feels a sense of urgency to generate credible data that would provide insight into this unfolding issue,” it said. Butterfield said 82 firms, operating approximately 150 facilities, were selected to represent the ”universe of cryptocurrency companies” across the country.

The agency pointed to a cold snap that hit Plattsburg in 2018, to justify the risks crypto poses to the public. “The combined effects of increased cryptomining and stressed electricity systems create heightened uncertainty in electric power markets, which could result in demand peaks that affect system operations and consumer prices,” it wrote.

Since then, New York State has passed a two-year moratorium on opening new crypto mining facilities unless they are powered entirely by renewable energy. Texas, which was a major benefactor after China passed a nation-wide crypto mining ban, has also sought to slow down the mining industry. Crypto miners in Texas work directly with the state-owned grid operator and get paid to power down during periods of peak demand or moments of network stress.

To be fair, a public version of the survey shows the EIA is asking fairly routine questions of mining firms, including how many and what type of chips they’re running, their electricity consumption at the facility and how much goes directly towards mining.

“We will specifically focus on how the energy demand for cryptocurrency mining is evolving, identify geographic areas of high growth, and quantify the sources of electricity used to meet cryptocurrency mining demand,” the agency said in a statement. The reports are due on the last Friday of the month until the end of July, after which it may be renewed.

Further, there’s an argument to be made that having high-level statistics like this will benefit the country and the industry, given that it’s more detailed information, straight from the horse’s mouth.

At the moment, the best data we have for the mining industry’s footprint come from the Cambridge Bitcoin Electricity Consumption Index, which gives hypothetical lower- and upper-bound estimates of the Bitcoin network’s daily energy consumption, essentially by extrapolating out from the current hashrate.

But you have to ask, why run the survey now? Why was the most recent run-up in bitcoin prices a cause for an emergency but not others? It’s worth noting that the Biden administration has prioritized reducing the country’s carbon footprint. And that crypto-critical Senator Elizabeth Warren (D-Mass.) asked federal regulators to have crypto miners disclose their emissions and energy use.

Bitcoin mining will likely become a popular topic of debate in the media in the run-up to halvening event, the programmatic reduction in the “bitcoin subsidy” paid to miners that happens every four years. It’s not yet clear how the halvening will impact the mining sector beyond making less-efficient mining equipment unusable in the short-term. Some are expecting the crypto carbon footprint to grow in the coming years, while others see it shrinking.

Moreover, in recent months, there has been something of a public reckoning on Bitcoin’s environmental cost, particularly after the second-largest network, Ethereum reduced its energy consumption by 99% through a single upgrade. While some organizations like Greenpeace are pushing for Bitcoin to abandon energy-intensive mining, some are starting to see the sector as a boon to environmentalism.

For instance, Cambridge recently revised down its estimates for Bitcoin’s annual energy use, and institutions including MIT and KPMG have put out reports arguing the network could help “balance” electricity grids, subsidize renewable energy development and be useful in greening the economy.

Mining is an energy-intensive process — the cryptographic algorithm Bitcoin runs, proof-of-work (POW), was designed by computer scientists to disincentive spam, Sybil and denial-of-service (DoS) attacks on networks by adding costs to interacting with a server, typically in the form of computer processing time put towards solving a mathematical puzzle.

Mar, 2022

bitcojn uae, buy bitcoin online dubia, buying bitcoin UAE

Bitcoin in UAE

Where Can I Find a Bitcoin ATM in the UAE?

Bitcoin ATMs are a convenient way to buy and sell Bitcoin and other cryptocurrencies for cold hard cash. This method usually incurs relatively high (5-10%) fees, but that’s the price to be paid for the convenience of getting cash for your Bitcoin in less than half an hour.

Many ATM operators publish live prices for their machines, so you can see the exact rate you’ll get before even visiting the ATM.

Some will require you to complete identity verification, though for many this is as simple as confirming a phone number.

Our Bitcoin ATM locator lists just one Bitcoin ATM in the United Arab Emirates, located in the Rixos Premium Hotel in Dubai.

What Is the Price of Bitcoin in the UAE?

Bitcoin prices are changing every second.

The best way to find the most up-to-date price of Bitcoin is to check out our Bitcoin price page.

Another good way to check the price of Bitcoin in the UAE is to go the your exchange of choice and check the price in your local currency that Bitcoin last sold for. The price of an asset is just this – the value of the compensation for which it was most recently exchanged. This price differs across markets, i.e. one exchange may have a slightly lower or higher price depending on varying barriers to entry and liquidity. So, the price that matters most is the one you can actually trade at.

See above for a list of the best Bitcoin exchanges in the UAE.

There are also a range of websites such as CoinMarketCap and Nomics that list the prices of hundreds of digital assets, drawn from a range of exchanges and averaged out.

Can I Buy Property With Bitcoin in the UAE?

Buying property with Bitcoin in the United Arab Emirates is definitely possible, though not the always the simplest way to go about investing in real estate.

In late 2019, real estate developer Ellington Properties announced that it would accept payment in Bitcoin for all of their listed porperties.

As a tech-driven and customer-focused company, we move with the market trends to meet the customer aspirations, especially in this era of digital financial engagement. Cryptocurrency is becoming an increasingly popular payment method. Enhancing the customer experience through an added payment choice, Bitcoin Suisse will serve as our preferred crypto brokerage provider that will further add to our international property transactions – and in turn, bring more value to Dubai’s economy.Paula WehbehHead of Business Strategy, Ellington Properties

Another Dubai-based developer – Knox Group – has sold out of the 400 units it offered to the market with the option of paying with Bitcoin (via the U.S. company BitPay).

Knox Group’s Aston Plaza residences.

But while purchasing property with Bitcoin through certain real estate firms may be as straightforward as possible, there are still restrictions to keep in mind.

The UAE still prohibits the use of cryptocurrencies as a method of payment or deposit. This means that you can’t exactly buy a house with Bitcoin, you must work with a third-party broker who will convert it to fiat currency before sending it to the seller.

It’s not quite yet the decentralized future many have imagined, but it’s a step in the right direction.

Can I Get a Bitcoin Debit Card in the UAE?

Bitcoin debit cards are a great way to turn your crypto gains into holidays, gifts, or just groceries. Bitcoin debit cards allow you to spend a range of cryptocurrencies (always Bitcoin, often Ethereum, and sometimes other altcoins) wherever Visa or MasterCard is accepted. You either pre-load a certain amount of Bitcoin onto the card and convert it to fiat currency manually, or this is done at the time of purchase.

Unfortunately, there are not many Bitcoin debit cards available to UAE residents.

	Available in the United Arab Emirates?
Bitpay	No
Cryptopay	No
MCO	No
Revolut	No
Uquid	Available to existing Uquid customers in the UAE
Wirex	Account available, but not the debit card

Uquid offers virtual and physical debit cards, both of which can be topped up with Bitcoin and linked to PayPal and other online payment services. Physical cards can be used for ATM withdrawals, while POS transactions are fee-free. Both are valid for three years.

No identity verification is required if you stay under $1000/£1000/€1000 limit over the lifetime of the card. Beyond that, you’ll need to provide identity verification and proof of address.

How Do I Cash Out Bitcoin in the UAE?

The easiest way to cash out of Bitcoin in the UAE is to use an exchange that supports withdrawals of your preferred fiat currency. BitOasis allows users located in the United Arab Emirates, Saudi Arabia, Kuwait, and Bahrain to withdraw AED to the bank account reigstered with the exchange.

The abovementioned Bitcoin debit cards allow you to withdraw cash from any ATM. If you’re able to get your hands on a Uquid debit card, this may be the easiest way to convert your Bitcoin into cash.

Bitcoin ATMs are another way to exchange your BTC for fiat currency. There is one Bitcoin ATM in the United Arab Emirates, located in Dubai.

LocalBitcoins and other P2P exchanges are another option.

Here, you can buy and sell Bitcoin for a wide range of payment methods, from gift cards to bank transfers. LocalBitcoins is a peer-to-peer (P2P) exchange, where you buy and sell with another individual. This does introduce a degree of risk, though by ensuring that you conduct all business on the platform, make use of its escrow services, and only trade with users who have a good reputation, you’ll minimize any potential problems.

As selling Bitcoin for fiat currency is generally considered a taxable event, you’ll want to make sure you comply with local regulations regarding taxation of capital gains. Check out our guide to the best cryptocurrency tax software to help you maximize your profits.

BuyIng Crypto And Bitcoin in the USA

Popular Exchanges to Buy Crypto & Bitcoin in the USA
POPULAReToroBUY NOWat eToro’s Secure SiteFeesVaries by crypto/spreadAccount Minimum$10PromotionNone
- Start trading fast; high limits
- Easy way for newcomers to get bitcoins
- Your capital is at risk.
CoinbaseBUY NOWat Coinbase’s Secure SiteFees0% – 0.50%Account MinimumNonePromotionEarn $5
- US based crypto & Bitcoin exchange
- Best way to buy crypto in the US
- Instantly connect bank account and buy
Coinbase ProBUY NOWat Coinbase’s Secure SiteFees0% – 0.50%Account MinimumNonePromotionEarn $5
- Some of the lowest fees available
- Good for buying large amounts of crypto
- Based in the USA

Chapter 1

Top Cryptocurrency & Bitcoin Exchanges in America

Coinbase

Coinbase is probably the fastest and easiest way to buy bitcoins in the USA.

If you need bitcoins fast, then buying with a debit card is a good option. Coinbase charges 3.99% fees for debit card purchases but you can get your coins instantly.

Another payment option for US customers is using a connected bank account. The fees are less for this method–1.49%–but your coins are only delivered after five days.

Get up to $36 in free crypto when you signup using Coinbase Earn.PROS

High liquidity and buying limits
Easy way for newcomers to get bitcoins
“Instant Buy” option available with debit card

CONS

Purchases made with bank transfer can take up to 5 days to complete
Coinbase may track how and where you spend your bitcoins

Ease of UseEasyPrivacyLowSpeedAverageFeesAverageReputationTrustedLimits High

Coinbase Pro

Coinbase’s exchange, Coinbase Pro, is one of the largest Bitcoin exchanges in the United States. Users can fund their accounts via bank transfer, SEPA, or bank wire. Coinbase Pro offers good prices and low fees, but their confusing user interface may initially prove difficult to navigate.PROS

Some of the lowest fees available for US and EU customers
Possible to buy bitcoins for 0% fees

CONS

User interface is confusing for first time buyers

Ease of UseHardPrivacyLowSpeedAverageFeesLowReputationTrustedLimits High

Gemini

Gemini is a New York-based Bitcoin exchange, open to residents of the United States, UK, Canada, Hong Kong, Japan, Singapore and South Korea. Deposits can be made via wire transfer, SEPA or ACH transfer.

Get $20 of free BTC after trading $100 or more within 30 days.PROS

Trustworthy and regulated exchange
Instant deposit lets you buy coins quickly (but not withdraw them)
Some of the lowest fees in the US and Canada

CONS

Somewhat confusing to use for new buyers
Not yet available in all US states

Ease of UseHardPrivacyLowSpeedSlowFeesLowReputationTrustedLimitsHigh

Bitcoin IRA

Bitcoin IRA offers a tax-advantaged way to invest in Bitcoin and Ethereum using your 401k or other retirement savings.

Bitcoin IRA is a US licensed IRA custodian, so you know your crypto or Bitcoin IRA is in full compliance with the Federal Government.PROS

Tax Advantaged Bitcoin Savings
Easy to set up account

CONS

Cannot custody the Bitcoin yourself

Ease of UseAveragePrivacyLowSpeedFastFeesLowReputationTrustedLimitsHigh

Swan Bitcoin

Swan Bitcoin is a dollar cost averaging Bitcoin exchange, where users can set up recurring Bitcoin purchases to be drafted from their bank account or credit card every month or week.

Get $10 in free BTC when you make your first purchase.PROS

Easy to set up
Automated dollar cost averaging
Very low fees

CONS

First purchase takes awhile
No way to sell on platform

Ease of UseHardPrivacyLowSpeedFastFeesLowReputationTrustedLimitsHigh

LibertyX

LibertyX is an American service which makes buying bitcoins with cash simple. First, use LibertyX’s app to locate a store near you that sells LibertyX codes. Next, enter your LibertyX code to the app, along with your Bitcoin address and you’ll receive your bitcoins very soon after.

If you connect a Facebook account to your LibertyX app, your first $1,000 of purchases are fee-free. Otherwise all purchases cost 1.5% + $3 in fees.PROS

Easy and fast way to buy bitcoins with cash
Low 1.5% (plus store fee) rate for cash purchase method
Daily $1000 limit is fairly high for a convenience service

CONS

Participating stores add their own variable fee
Some verification is required which lowers the expected privacy level of cash purchase
Attaching your Facebook account further degrades privacy

Ease of UseAveragePrivacyAverageSpeedAverageFeesAverageReputationTrustedLimitsAverage

Bitcoin ATMs

You can use our Bitcoin ATM map to buy bitcoins with cash. Bitcoin ATMs can be a quick and easy way to buy bitcoins and they’re also private. That convenience and privacy, however, comes with a price; most ATMs have fees of 5-10%.PROS

Our map makes it super easy to find a Bitcoin ATM near you

CONS

Bitcoin ATMs often have 5-10% fees per purchase

Bitcoin Mining in China

China was the undisputed world leader in Bitcoin mining until July 2021, when the Chinese government banned all mining operations in the country.

Chinese mining pools had control more than 60% of the Bitcoin network’s collective hashrate.

Not only did China manufacture most of the world’s mining equipment, but massive mining farms were located there to take advantage of extremely cheap electricity prices.

Estimated Hashing Power by Country

Here was the estimated mining hash power breakdown by country in July 2021 according to University of Cambridge Centre for Alternative Finance:China – 65%USA – 7%Russia – 7%Kazakhstan – 6%Malaysia – 4%Iran – 4%Canada – 1%Germany – 0.6%Norway – 0.5%

Other interesting stats are:

The UK has a very small share of mining (0.1% GB, and 0.03%)
The EU countries only own about 3.5% of all mining hash rate

As you can see, China was dominating Bitcoin mining by a very wide margin.

But why?

In this article, we are going to explain why China is such a mining powerhouse in Bitcoin and other cryptocurrencies. The answers may surprise you.

–

Chapter 1

Cheap Electricity

Electricity cost is the most important factor for a profitable mining operation. As mining difficulty increases, the least efficient miners are forced to shut down first.

Electricity in China is extremely cheap compared to most other countries. Chinese electricity in industrial regions is either supplied by hydro-electric facilities or subsidized by the state.

China’s cheap electricity keeps Chinese miners at peak efficiency and allows them to outlast their foreign competitors. cost of electricity by country

A very large portion (if not the majority) of Bitcoin’s energy comes from China, and most notably in “green” powered areas like Sichuan and Xinjiang where renewable sources like hydroelectric, solar, and geothermal are common. chinese mining map Map showing percentage of total Bitcoin mining in each province mining provinces in china Here is an alternative view of that data if you aren’t familiar with China’s geography

In many cases, the energy produced by these wind farms and dams is higher than the local grid can take. This means that they are producing energy that would otherwise not be used by anyone since the local grid, which takes energy and distributes it across distances, cannot hold it.

Take Sichuan, for example:

Total hydropower reached more than 75 GW in 2017, greater than the total in most Asian countries. It was also more than double the capacity of the province’s power grid, meaning lots of wasted power.David Stanway, ReutersOne of Sichuan’s many hydroelectric dams

How to Find the Best Bitcoin Miner

There are some important factors to look at when determining which Bitcoin mining ASIC to buy:

Hash rate – How many hashes per second can the Bitcoin miner make? More hashes cost more, which is why efficiency is crucial.

Efficiency – You’ll want to buy the most efficient bitcoin mining hardware possible. Right now, this is the Halong Mining Dragonmint T1. Since miners use a large amount of electricity, you want to buy one that converts the most amount of electricity into bitcoins.

Price – How much does the bitcoin miner cost? Cheap mining hardware will mine less bitcoins, which is why efficiency and electricity usage are important. The fastest and more efficient mining hardware is going to cost more.

Don’t try to buy a miner based on only price or only hash rate. The best ASIC miner is the most efficient bitcoin miner. Aim for value.

QUICK TIP

You can also mine litecoin with Bitcoin mining machines, but it’s usually just best to buy litecoin from an exchange.

Bitcoin Miners for Sale on eBay or Amazon

If you’re a hobby miner who wants to buy a couple rigs for your house, eBay and Amazon both have some decent deals on mining hardware.

Used Bitcoin Mining Hardware for Sale

Both new and used bitcoin mining rigs and ASICs are available on eBay. One may want to buy used ASIC mining hardware on eBay because you can get better prices.ASICs for sale on Ebay

eBay’s customer protection ensures you’ll get a working product. Other bundled equipment may be included with your purchase depending on the seller.

We recommend purchasing the Dragonmint or the Antminer S9.

Hardware Profitability

You can use a bitcoin mining profitability calculator to determine your estimated cost of return on your mining hardware.

Reminder

Don’t forget to think about your tax obligation on the coins you buy or mine. There are some great tax software suites to make it easy! For instance, we have a great guide on how that software works to pay taxes on Coinbase buys.

Be sure to take electricity costs into account. Most mining hardware appears profitable until electricity costs are accounted for.

The best way to determine actual profitability is to figure out your electricity cost per hash. That is really what will make or break your operation.

Most Efficient Bitcoin Miners

While good Bitcoin mining hardware needs to have a high hash rate, efficiency is just as important.

An efficient Bitcoin miner means that you pay less in electricity costs per hash.

To improve your efficiency, there are also companies that will let you order hardware from their warehouse and run the miners for you.

You could also cloud mine bitcoins, though these deals are usually scams. Both options are also a lot less fun than running your hardware!

Bitcoin Mining Hardware Companies

Bitmain – Bitmain makes the AntMiner line of Bitcoin miners. Bitmain is based in Beijing, China and also operates a mining pool.

MicroBT – MicroBT is another Chinese ASIC miner manufacturer, based out of Shenzhen. Their WhatsMiner series is a major competitor to Bitmain’s AntMiner line.

Canaan – Canaan put the very first commercial Bitcoin ASIC miner to market. In addition to making Bitcoin mining machines, Canaan also has a suite of blockchain tools and business solutions.

Bitcoin Mining Equipment

In addition to a Bitcoin mining ASIC, you’ll need some other Bitcoin mining equipment:

Power Supply – Bitcoin rigs need special power supplies to funnel and use electricity efficiently.

Cooling Fans – Bitcoin hardware can easily overheat and stop working. Buy a sufficient amount of cooling fans to keep your hardware working.

Backup generators – You may want generators as a backup in case your main source of electricity goes down.

You can find Bitcoin mining equipment for sale on eBay.

Bitcoin Mining Without Hardware?

It’s still technically possible to mine bitcoins without dedicated mining hardware.

However, you’ll earn less than one penny per month. Mining bitcoins on your computer will do more damage to your computer and won’t earn a profit.

So, it’s not worth it unless you’re just interested to see how the mining process works. You’re best bet is to buy dedicated hardware like the Antminer S19.

ASICs’ Impact on Cryptocurrency

Bitcoin is based on blockchain technology, a decentralized platform which takes power away from a central authority and gives it to the average person. Sensitive information is stored on the blockchain rather than large data centers, and is cryptographically secured. A vast amount of people, known as miners, all work together to validate the network, instead of just one person or government.

In the beginning, CPUs were used to solve cryptographic hash functions, until miners discovered that GPUs were far better equipped for mining. As block difficulty increased, miners turned primarily to GPUs.

Some GPUs were made solely for mining Bitcoin.

Eventually, technology was developed solely for mining, known as ASICs, or Application Specific Integrated Circuits. Their hashrates are significantly higher than anything GPUs are capable of.

With stellar performance comes a high price tag – the best ASIC chips will run you a few thousand dollars each. Upon creation, Bitcoin blocks were confirmed by the average person using their desktop – once ASICs hit the market, things changed.

How?

ASICs rendered GPUs useless. ASIC developers, including Bitmain, granted early access to large mining cartels rather than the average person.Photos from inside a Chinese Bitcoin mining operation

Thousands of ASICs all mine simultaneously in a mining farm (large warehouse). Evidently, most people can’t afford even one or two of ASICs so thousands of them would be out of the question.

When ASICs hit the market, the blockchain’s validation process became more centralized as more and more hashing power was consolidated into a handful of mining companies, rather than being spread out amongst many miners. Unfortunately, Bitcoin is no longer as decentralized as it was once intended to be.

–

Successor to the Throne

Bitmain Antminer S19 Series

PROS

Market-leading hashrate at up to 115 TH/s, and efficient at ~30 Joules per TH/s
Reasonably priced at $440 new (plus shipping)
Popular miner with plentiful guides and parts available

CONS

Out of stock at Bitmain and tricky to find elsewhere
Very high power consumption of 3250W
Very noisy at 81.4 dB

What is an ASIC Bitcoin Miner?

Since it’s now impossible to profitably mine Bitcoin with a standard computer or laptop, you’ll need specialized hardware called ASICs.

Here’s what an ASIC miner looks like up close:

The Dragonmint 16T miner.

Originally, Bitcoin’s creator intended for Bitcoin to be mined on CPUs (like your laptop or desktop computer). However, Bitcoin miners discovered they could get more hashing power from graphic cards. Graphic cards were then surpassed by ASICs (Application Specific Integrated Circuits).

Think of a Bitcoin ASIC as specialized Bitcoin mining computers, Bitcoin mining machines, or “bitcoin generators”.

Nowadays all serious Bitcoin mining is performed on dedicated Bitcoin mining hardware ASICs, usually in thermally-regulated data-centers with low-cost electricity.

Don’t Get Confused

There is Bitcoin mining hardware, which mines bitcoins.

There are also Bitcoin hardware wallets like the Ledger Nano X, which secure bitcoins.

Check Profitability

You can use our calculator below to check the mining hardware above. Input your expected electricity price and the hash rate of the miner for an estimate.Hash Rate:
GH/s TH/s Bitcoin Price ($):
Power consumption (watts):
Cost per KW/h in $:
0
Profit / day$0
Mined per day0 BTC
Mined per day$0
Electricity costs per day0
Profit / month$0
Mined per month0 BTC
Mined per month$0
Electricity costs / month0
Profit / year$0
Mined per year0 BTC
Mined per year$0
Electricity costs / year

Profitability Factors

The Bitcoin price and the total network hash rate are the two main factors that will affect your profitability.

Our calculator is more accurate than most others because ours assumes the 0.4527678% daily increase in network hash rate. This has been the average daily increase over the past 6 months.

Most other calculators do NOT include this metric which makes mining appear way more profitable than it actually is.

The Bitcoin Price

Bitcoin mining is a booming industry with an estimated 1,000,000 unique individuals mining bitcoins. The major driver of this increase is the rising price of Bitcoin.

The Bitcoin price increased in 2021 from around $30,000 on January 2021 to around $46,000 on January 2022. There were many times over the year that the price exceeded $50,000 even reaching a high of about $67,000. Try messing with the calculator using different prices.

Know your Competition

It may seem easy to just spin up a miner.

But you NEED to take a look at just how serious mining is.

The video below offers an inside look at what was one of China’s largest mines.