Bitcoin is getting more difficult to mind as the days go by. And it’s getting harder and harder to make profits with mining operations for Bitcoin. But it wasn’t that long ago that the Antminer S9 was released. The miner seems to be is now looking to be the only miner that can still be used to turn a decent ROI in today’s competitive cryptocurrency network. Still, some reviews praise the miner, while others despise it. So, let’s look at the miner in more detail and see how effective it is or even worth purchasing.
How Does The Antminer S9 Work?
For one, the miner is easily the most effective miner on the market. It’s powerful, reliable and runs at amazing rates. It has a hash rat of 12.93TH/s -+7%, which basically means that it can produce about a half a bitcoin a month. This is only gross revenue and not taking into consideration all the cost of running the miner. But we will get into that more later. When compared against other miners, it’s simply the best. Although there are many that run at the same power level and cost about the same to operate, the Antminer S9 always seams to take the cake when it comes to producing bitcoins.
And in reality, it’s usually a lot more efficient than other miners on the market. That means it wastes less power and therefore costs less to run. And when it comes to bitcoin mining, the energy consumption is out of this world.
The Antminer S9 isn’t all rainbows, it’s got its downside as well. Namely, it’s incredibly expensive. You can get one for about $2400 USD. Or you can find I on Ebay if your lucky for about $2000USD, but that’s far and few between that you’ll find that deal. That pretty much makes the miner the most expensive one on the market. But you always get what you pay for, the quality of the Antminer S9 is superior when it comes to mining potential and power usage. Still in reality, to really see any worthwhile profits from the Antminer S9, you’ll have to mine consistently for about 8-10 months according to the reviews I’ve seen.
Another important not about the Antminer S9 is you need an extra PSU to run the miner. It’s not just some little plug and play device, the miner is balls to the wall and it needs a separate power unit. So, whenever you purchase it, it’s important to remember that you need to spend another $150 on a PSU to power the thing.
And really, once its setup, it’s kind of a monstrosity. And it just sucks power down like nothing you’ve ever seen. There are other miners you can get that are far less expensive, like the S7. But if you want to actually make money with bitcoin mining, the Antminer S9 is the only real way to do it these days. And that is especially true if you’re setting up an entire operation.
The Antminer S9 In Conclusion
Hands down, this is the most powerful miner you can find. It also happens to be the most expensive but at the same time, most efficient to run. If you have your heart set on mining Bitcoin, this is the way to go. But make sure you have enough extra cash to pay for the electricity in the beginning, because the Antminer S9 is going to cost more than most new investors can manage on a monthly basis without getting any returns.