Top 6 Popular Cryptocurrency Mining Hardware for 2019

Date Published

04/26/2019

So, you’re interested in cryptocurrency mining. When figuring out what to mine and how to mine it, one of the first steps you need to take is to choose your mining hardware.

A high-quality ASIC rig built for efficient mining can cost you $2,000 or more. Although it’s technically possible to start mining cryptocurrency with a $50 USB, you’re very unlikely to make a profit given the competitive nature of cryptocurrency mining today. Good hardware is an investment that can pay off, providing you with higher hash rates, more efficient electricity usage and better profitability over time.

In this article, we’ll cover some of the most popular pieces of cryptocurrency mining hardware, including new releases in 2019.

Antminer S9

One of the world’s most common miners, the Antminer S9 made waves across the crypto mining community in 2016 as the first miner based on a 16nm process chip. Designed for bitcoin mining or other cryptocurrencies using the SHA-256 algorithm, the Antminer S9 was at the time the most efficient miner in existence.

The Antminer S9 is made by Chinese company Bitmain, one of the leading producers of bitcoin mining equipment and the runner of the Antpool, the largest bitcoin mining pool. At release, the Antminer S9 cost over $2,000 but has since seen several price drops. Now available for $350 or less, it has largely been made obsolete by newer machines but still may be considered as a budget entry to mining.

  • Hash Rate: 14.0 TH/s
  • Power Consumption: 1372W
  • Power Efficiency: 0.098 W/GH
  • Price: $349

Antminer S17

Revealed on March 29, 2019, Bitmain’s Antminer S17 is powered by a new and improved 2nd generation 7nm chip. The “BM1397” chips purport to provide a 28.6 percent improvement in power efficiency compared to the previous 7nm chip, the BM1391. As one of the most powerful pieces of cryptocurrency hardware on the market, the first batch of the S17 reportedly sold out after it went on sale for only five minutes. Like the Bitmain S15, the S17 is made for mining SHA-256 compatible coins such as bitcoin, and has two mining modes. In normal mode, it exhibits a hash rate of 56 TH/s with a power consumption of 2520W. In low-power mode, it touts a hash rate of 35-50 TH/s while consuming a 1470-2100 W/GH.

  • Hash Rate: 56 TH/s Normal; 35-50 TH/s Low Power
  • Power Consumption: 2520W Normal; 1470-2100 Low Power
  • Power Efficiency: 0.045 W/GH; 0.042 W/GH Low Power
  • Price: $2,400

Whatsminer M20S

Although Bitmain has dominated the ASIC market for the past half-decade, competitors such as MicroBT, Innosilicon, and Ebang have been making a name for themselves in the ASIC market. MicroBT’s Whatsminer M10 raised eyebrows in 2018 with the promise of a 16nm ASIC that could compete in the same market as 7nm machines such as the Antminer S15.

With the Whatsminer M20S, MicroBT is promising a 12nm mining rig that can reach a monstrous speed of 70 TH/s using 3340W in power. The Whatsminer M20S is currently in the pre-sales stage in preparation for a late-August 2019 ship date. Whatsminer’s M20 series also includes a 58 TH/s version as well as a 48 TH/s version.

  • Hash Rate: 70 TH/s
  • Power Consumption: 3340W
  • Power Efficiency: 0.048 W/GH
  • Price: $2,329

Ebang Ebit E11++

Announced in October 2018 by China-based company Ebang Communication, the Ebang Ebit E-11 series are SHA-256 miners equipped with 10nm processors. The highest-end model, the E11++, boasts hash rate speeds of 44 TH/s while consuming just 1980W of power. It is looking to be one of the most efficient and profitable miners of 2019.

According to Bitcoin expert Samson Mow, Ebang’s new hardware may outperform Bitmain’s new mining rigs such as the Antminer S17 and T17. Mow stated, “Ebang has maxed out gains for the 10nm process node, and it far exceeds Bitmain’s 7nm stats.” Shipment for the E11++ begins in April 2019.

  • Hash Rate: 44 TH/s
  • Power Consumption: 1980W
  • Power Efficiency: 0.045 W/GH
  • Price $2,024

Innosilicon Terminator 3

Released in January 2019 by Bitmain competitor Innosilicon, the Terminator 3 (T3) is a new SHA-256 ASIC mining device with state-of-the-art specs when it comes to hash rate and performance. It generates 43 TH/s hash rate with only 2100W of energy. Compared to the previous model, the T2, the T3 is smaller, lighter, and quieter. It’s clear that the company is trying to produce the most efficient miners in the market.

  • Hash Rate: 43TH/s
  • Power Consumption: 2100W
  • Power Efficiency: 0.04883 W/GH
  • Price: $2,279

ASICminer 8 Nano 44 TH/s

Unique in design, the ASICminer 8 Nano is known for its noiseless water-cooling system. The quietest miner on the market, the 8 Nano uses high-pressure pumps to rapidly circulate water, providing 44 TH/s while producing only 47db of noise. With an 8nm SHA-256 chip and efficiency of up to 0.080 J/GH, the ASICminer 8 Nano is a high-performance miner that is suitable for placement in a household or a currency mining farm. Each machine is equipped with four fasteners in order to unite neighboring 8 Nanos into a single structure. According to ASICminer, “a farm of 50 miners can be assembled on latches by two people in less than an hour.”

  • Hash Rate: 44 TH/s
  • Power Consumption: 2100W
  • Power Efficiency: 0.048 W/GH
  • Price: $1,790

Mining Colocation with Compute North

Whatever hardware you choose, you will need a secure and cost-effective space to run your mining operations. Compute North offers efficient colocation facilities equipped to handle complex operations at a low cost to the miner. Our facilities were designed specifically to handle blockchain infrastructure, with 24/7 surveillance, renewable energy resources, and inexpensive electricity. Contact us today to reserve your mining space and help your operation reach its full potential.

Date Published

04/26/2019

Author

First Scribe

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