How to find mining hardware?
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A few days ago, Chinese crypto mining hardware giant Bitmain announced platform for connecting miners and farms. So, mining sector is developing rapidly. And now for being successful in this area you just need to buy efficient equipment. How to do it?
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Advice #1 Calculate costs
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Even if you have already found a good ASIC miner, analyze its energy consumption and efficiency. In the las year Japanese company GMO released a new model of its hardware B3. The ASIC price is about $2000. According to GMO, you can adjust the hash rate power optimally and the level of energy consumption as well. We remember that hash rate it is unit of measurement for the determining the processing power of equipment.
By the way, it has maximum hash power of 33 Th/s and its maximum level of energy consumption is about 3417 watts. This equipment can mine $2,19 of cryptocurrency per day. That means, it will become profitable in 2,5 years.
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Advice #2 Save your money
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If you want to understand, how cryptocurrency mining works, you can buy cheap hardware. For example, it may be Bittech One Mini, which price starts from $880. Its hash rate is 16 Th/s/ The equipment consumes 1150 watts of energy. The purchase will bring the profit in 2 years and a few months.
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Advice #3 Analyze different options
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Your choice will depend on your budget. You can buy A9 ZMaster by Innosilicon. Its price is about $10000. The company guarantees the lowest level of energy consumption. This ASIC mines $142 of coins per day. Otherwise, it was designed mostly for ZCach mining, which is price is about $37,16. Although, it has failed to 3,55% in last 24 hours. This information was published in Coinmarketcap.
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First, decide, which coin you want to mine, then define the amount of investment. If you can do it, you will find good mining hardware without any problems!
It is very good that the mining sector is growing and expanding. However, I do not know if it makes sense to buy ASIC, especially if you do not understand mining.