mining cryptocurrencies


Mining or mining cryptocurrencies, especially Bitcoin mining, is one of the ways to earn money in the field of cryptocurrencies. Whenever the market goes up in price, ‌more people become interested in mining because they can make more profit. A miner is actually a device that, with the help of special software, connects to the network of a Blockchain such as Bitcoin, and by solving very complex mathematical equations, helps to confirm transactions and thus network security, and in return, receives a reward. Any Blockchain that uses the Proof of Work (PoW) algorithm can be selected for mining. However, since the concept of mining was first introduced with Bitcoin and most investments are made in this currency, we dedicate this article to Bitcoin miners.

Bitmain, MicroBT, and Canaan‌ are some of the major companies working in the field of mining devices. In this article, we introduce the top 5 miners in the world that are the products of these three companies. If you are also interested in extracting cryptocurrencies, stay with us to the end.

Criteria for miner device evaluation

Miners are actually processors that can do billions of math calculations every second. The processing power of a miner is specified in units of hashes per second (H/s). It is interesting to note that when we say that the processing power of a miner is, for example, 90 speeds per second, ‌ it means that this device can calculate 90 trillion pieces of input per second in the hash function of the Bitcoin network and calculate and compare the result with a certain value called ‘Network Hardness’. If you are interested in knowing what happens during extraction and how the hash function works, you can read the article ‘All about the hash function’.

Power consumption is the second most important parameter in choosing a minor. The lower the power consumption is and the higher the processing power is, the more efficient the device will be. The amount of power consumption per unit time is called processing power and is denoted in watts (W). The amount of sound produced by each device is also indicated in decibels (db).

The next important factor that helps us a great deal in comparing different miners is energy efficiency. With the help of this factor, we find out how much energy is consumed by the device for each computation. The lower the number, the better the miner.

Of course, in order to extract Bitcoins, in addition to the miner, other equipment such as power supply, ventilation system, and network cabling must be prepared in a suitable space, all of which, along with electricity tariffs in the country, must be included in financial calculations. The last factor is the rate of increase in network stiffness, which means that over time, the amount of Bitcoin mined by the machine decreases, which we should be aware of.

Antminer S19 Pro

Antminer S19 Pro extractor is the latest product of Bitmain Company. The weight of this device is 15 kg. This product is the best choice for Bitcoin mining. It is interesting to know that all its inventory on the Bitmain website has been finished and you have to visit other stores and websites to get it. The main specifications of the S19 Pro are as follows:

  • Processing power: 110 speeds per second (the higher, the better)
  • Power consumption: 3250 watts (the lower, the better.)
  • Volume: 81 decibels (the lower, the better)
  • Energy efficiency: 29.5 joules per discharge (the lower, the better)

Whatsminer M30S

Whatsminer M30S ++ is the latest product from MicroBT. The company’s products are tough competitors to Bitmain‌, and their flagship 12.8kg M30S ++ is priced at around $ 7,800 on the company’s website. In fact, M30S ++ model is a new and upgraded series of M30S and M30S + models, the specifications of which you can see below:

  • Processing power: 112 output per second
  • Power consumption: 3472 watts
  • Volume: 83 decibels
  • Energy efficiency: 31 joules per discharge

The thing about the hash power of this device is that although the hash power of this model is higher than S19 Pro‌, but due to the higher power consumption, the energy efficiency of M30S ++ model is higher than S19 Pro (the lower this parameter, the better ), As a result, the S19 Pro is more efficient.

Avalonminer 1246

The next miner is owned by Canaan‌, the company, which specializes in the design and manufacture of special computing processors, and has introduced the Avalonminer A1246 as its latest product. The Avalonminer A1246 weighs 12.8 kg and is slightly more energy efficient than its two competitors, and produces less noise than them. The A1246‌ is the first product in the A12‌ series. Other important features of this device are:

  • Processing power: 90 output per second
  • Power consumption: 3420 watts
  • Volume: 75 decibels
  • Energy efficiency: 38 joules per discharge

Antminer T19

Bitmain‌ ‌ T series products are also among the best choices in the field of mining. Although the products of this series have less power than the S series, they are used in many mining farms.

The Antminer T19 is the latest product in Bitmain‌ ‌ T series and is almost similar in energy efficiency to the Avalonminer 1246‌. This device weighs 14.2 kg and is priced at around $ 2100. Important features of this device:

  • Processing power: 84 per second
  • Power consumption: 3150 watts
  • Volume: 75 decibels
  • Energy efficiency: 38 joules per discharge

Antminer S17 +

The fifth and final device that we introduce in this article is still from Bitmain products and is called Antminer S17 +. Although this model was made in 2019, many people are still mining Bitcoins with it and it has acceptable performance. The S17 + is lighter than the new products and weighs only 11 kg. Its sound level is not much different from other products, and only its energy efficiency is significantly different from newer models. This model is no longer available on the main Bitmain website, but it is retailed in other stores for around $ 2,500. You can see the technical specifications of this device below:

  • Processing power: 73 per second
  • Power consumption: 2920 watts
  • Volume: 75 decibels
  • Energy efficiency: 45 joules per discharge

Concluding remarks

Making money by mining cryptocurrencies is a very serious and specialized activity and should not be entered without knowledge. In the case of Bitcoin, you may no longer need to check the value of this project, but if you decide to extract other currencies, you should check the project team, its application and goals, and then purchase the extraction equipment.

Bitcoin still accounts for the largest volume of the crypto market, and it is natural for the entire mining industry to revolve around and be affected by Bitcoin. The mining devices introduced in this article are the latest products of Bitmain, MicroBT, and Canaan‌ companies and have the highest efficiency and profitability. But, note that the difficulty of the Bitcoin network is increasing over time, and each device cannot be economically viable for several years. Thus, be sure to consider all the effective factors in your planning so that you can always make the best decision and increase your capital. Be successful and profitable.

Description: Mining has become a lucrative activity in the cryptocurrency market as Bitcoin prices have risen. Meet the top 5 miners in the world from the largest mining equipment companies.

Summary: In this article, we will introduce the top 5 miners in the world. Miners are devices designed specifically for extracting cryptocurrencies, especially Bitcoins. These miners are the product of Bitmain, MicroBT, and Canaan‌ companies and have the highest hash rate and the best performance among all competitors. See the link below for more information: