Best Bitcoin Mining Hardware?
The best Bitcoin mining hardware should be the most cost-effective Bitcoin mining hardware.
The financial purpose of mining Bitcoin is to eventually make profit. That is, to have accumulative return greater than initial investment on the hardware plus operating cost that keeps the mining hardware going. In addition to the hardware cost, there's also the energy cost involved.
The cost of hardware is the price you pay for the mining ASIC. This cost will be amortized over time. The cost of energy is the price you pay for the electricity which is an ongoing cost. Whoever has access to lower electricity cost will have mining advantage.
Assuming you don't have much control over how low you can get for your electricity bill, and assuming you have options to purchase different Bitcoin mining machine, which hardware should you go with?
To answer the above question, you definitely want to take energy consumption into consideration. First, some facts:
Therefore, Bitcoin mining efficiency can be formulated as THash divided by kW, that is, THash/kW.
Here's how THash/kW compare between S9 and S7:
The financial purpose of mining Bitcoin is to eventually make profit. That is, to have accumulative return greater than initial investment on the hardware plus operating cost that keeps the mining hardware going. In addition to the hardware cost, there's also the energy cost involved.
The cost of hardware is the price you pay for the mining ASIC. This cost will be amortized over time. The cost of energy is the price you pay for the electricity which is an ongoing cost. Whoever has access to lower electricity cost will have mining advantage.
Assuming you don't have much control over how low you can get for your electricity bill, and assuming you have options to purchase different Bitcoin mining machine, which hardware should you go with?
To answer the above question, you definitely want to take energy consumption into consideration. First, some facts:
- The more hash rate per second (THash/s) you have, the more Bitcoin you'll be able to mine per second.
- The more energy (kW) the mining hardware consume, the bigger electricity bill you'll need to pay per hash power.
Therefore, Bitcoin mining efficiency can be formulated as THash divided by kW, that is, THash/kW.
Here's how THash/kW compare between S9 and S7:
THash/kW (efficiency) |
Price |
|
10.20 (13.5 THash/1323 Watt) |
$6,500 |
|
7.14 (6.3 THash/882 Watt) |
$2,460 |
|
3.52 (2.7 THash/767 Watt) |
not available |
|
3.45 (3.5 THash/1015 Watt) |
$1,090 |
Obviously, the S9 outperforms S7 by a whole lot in terms of mining efficiency: 10.20 vs. 3.52. The runner up is Ebit E9.
Thoughts? Please start discuss by leaving comments below.
Thoughts? Please start discuss by leaving comments below.