Bitcoin mining devices can be very profitable to use, but it requires a deep understanding of the technology on which Bitcoin is built , a more understanding of Bitcoin mining devices and the nature of their work such as the size of their energy consumption, the strength of the hash rate that the mining device provides, and other details related to that. As the mining process is considered one of the good investment projects, there are gigantic companies that are heading towards building huge farms in order to invest in cryptocurrency mining, which urges you to study all aspects related to this investment before starting it.
The best modern bitcoin mining devices:
The basic idea that made people attracted to Bitcoin mining devices is the revolutionary technology on which this currency was built, which is the blockchain, which adopts the idea of decentralization, as ordinary users are responsible for monitoring and making sure that transactions are made. It is dominated by governments and banks.
Until this time, the value of Bitcoin was not close to what we see now, at this time, huge and powerful mining devices called CPUs were used in order to monitor and ensure that transactions were made, with time it was discovered that GPUs that are used in video games And graphics can participate in that process with much better power than mining machines that were initially used in excess of 50 or 100 times.
In 2013, the first cryptocurrency mining device was created by a Chinese company called "Canaan Creative" called the Integrated Application Circuit Devices (ASIC). The mining capabilities of this device were provided to 5 times the capacity of GPU graphics processing units, which allowed the building of farms. Mining and making a good profit from the mining operation.
Today, there are many mining farms in the world where many people are rushing to build mega farms with a combination of ASICs in addition to GPUs.
When you study this type of investment, the first thing you will discover is that you need specialized devices called ASICs or GPUs that we talked about above, of course we will not use CPUs.
Among the mining devices that you will encounter is the AntMiner S5 device. This device is classified among the ASIC integrated circuit application devices. There are other versions such as AntMiner S7 and AntMiner S9. The capacity of this device is 1155 GB, and its price ranges between 190 and 300 dollars. .
The second mining device is the "AntMiner S9" device, which is considered one of the most famous mining devices in cryptocurrency mining based on the "Blockchain" technology. This device offers a high hash rate of 14 TH / second, whose production is estimated at 7.15. A dollar a day without taking into account the electricity bill, but it is 414 dollars more than its predecessor.
The third most popular miner device is “AntMiner T9”. This device may be a little expensive when compared to other Bitcoin mining devices, as the price of the device is approximately $ 430 and produces approximately $ 5.80 per day without electricity. The production capacity of the device is estimated at what Equals 11.5 TH / sec.
The fourth bitcoin miner with us is one of the most popular mining devices is the “AntMiner L3” device. In fact, this device is somewhat weak, but it is suitable for the price of the devices as its price equals approximately $ 209.
The fifth bitcoin miner with us is a device of a type other than “AntMiner” This type of device falls under the name “AvalonMiner” the full name of the device we are talking about “AvalonMiner 741 ″ The production capacity of this device is 7.3 TH / s, and it is produced daily It's worth $ 3.73 without electricity, but it looks kind of expensive at $ 795.
Of course, you cannot randomly choose any of the Bitcoin mining devices, as each device differs in its way of working from the other, in its electricity consumption, or that each device has advantages and disadvantages, so you need a comprehensive study of each bitcoin mining device.
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