In the past, you didn’t need a bitcoin miner hardware to mine bitcoins and earn a decent income. Your bitcoin mining success was dependent on how much computing power you had.
These days, things are vastly different. In fact, there’s an entirely new niche that’s dedicated to just bitcoin mining. These bitcoin miners provide better mining options because they are more energy efficient, have powerful hardware, and have excellent mechanisms for cooling.
These are three things your average computing equipment lack. The reality is that the specific hardware that’s necessary for mining bitcoin long term can’t be found in your average PC.
So, while you can easily use your regular computer for mining, it cannot mine those coins for as long as necessary or without consuming too much energy. Huge energy consumption and utility bills used to be the norm when these bitcoin miner hardware weren’t readily available and affordable. Now, that’s a thing of the past. These ASIC bitcoin miners do an excellent job.
However, most newbies have no idea which bitcoin mining hardware works best for their situation. This is particularly important when you remember that at best, you can make just decent income from mining bitcoin now as against the early days when you could easily get wealthy from mining yours.
Best Bitcoin Mining Hardware In 2018
This review of the best bitcoin mining hardware for 2018 showcases those we think are great for that purpose as well as super energy efficient.
Bitmain AntMiner S9
As the leading bitcoin miner hardware in the market, the Bitmain AntMiner S9 offers the most energy efficient unit as well as proceeds per month.
This incredible device’s hash power is between 13.5 TH/s and is about the most powerful bitcoin mining hardware available to anyone.
At 13.5 TH/s, this generates thrice more bitcoin proceeds than its closest competitor, the Bitmain AntMiner S7 –which we’ll be talking about shortly- and consumes just 1.3kw to get it done.
Please note that there are other bitcoin miners that can provide more hash power, but this one is still the only one that effectively combines the hash rate and energy efficiency in a seamless, effective way.
To the real question of how much it can help you make on a monthly basis, well, this is capable of generating approximately 0.3603 BTC monthly. Convert that to dollars and you’ll see that it’s by far, one of the best units to produce significant returns on your investment.
Because it is so valuable and highly coveted, it naturally costs more than its counterparts in the market, with prices running into over $2,000 for used units. Please note that new units are best because bitcoin miners like cars, tend to age with use. So, when you buy new units, you skip worrying about just how much life the unit has left in it.
Bitmain AntMiner T9
The first runner up, the Bitmain AntMiner T9 while not as efficient or powerful as the Bitmain AntMiner S9 is a very highly coveted because of its perceived reliability. It lasts longer than the S9 because it doesn’t push its chips hard like the S9 does.
In fact, the Bitmain manufacturer are so sure of its reliability that they have a warranty that’s twice as long as that of S9 -180 days vs 90 days. It’s also very easy to set up, and promises decent returns on investment. Its hash power is 11.5 TH/s and uses 1.45kw for its processes.
While this is the standard for now, the manufacturers claim that future upgrades and editions may provide a hash rate of 12.5 TH/s. naturally, this will come with more power consumption up to 1.56kw.
Because the unit is in very high demand, the Bitmain AntMiner T9 is also very scarce and difficult to get. Available units are steeply priced at over $1,000 for new units.
Bitmain AntMiner S7
This is the predecessor to the S9, and is a downgrade to that one. So, you can expect that it won’t be as efficient or powerful as its successor. People like the Bitmain AntMiner S7 because it’s more affordable and capable of providing decent returns on a monthly basis.
The AntMiner S7’s hash rate is 4.73 TH/s and requires about 1.3kw for its operations. While your mining returns will never match with the S9, it is still enough for many people. What some people do however, is buy multiple units so they can make more.
So, instead of ponying up over $2k for the S9, they just buy 4-5 units. Of course, this places a huge demand on their electricity, resulting in steep utility bills. But at the end of the day, they make a lot more.
Consumers with cheaper electricity will make a lot more from this. While you can’t get it from the manufacturer’s website –it’s been discontinued- you will find new units available for sale on eBay and Amazon for $1,000+. Average bitcoin earned per month is usually around 0.16 BTC.
Made by Canaan, the Avalon 741 is another popular bitcoin mining hardware. These units are quite energy efficient and powerful too.
The only reason it’s not as popular as its Bitmain counterparts is the requirements necessary for the purchase. Unlike Bitmain products that you can buy in singular units, this requires bulk purchase –often up to 20 units per order. This huge capital outlay is why the product is scarce.
If you can get your hands on one, by all means snatch it up as its energy efficiency and output matches that of the Bitmain AntMiner T9 and S9. The average unit costs about $1,600, has a hash rate of 7 TH/s and draws just 1.15kw of electricity.
Pagolin Miner M3X
The last on this list of top bitcoin miner hardware, the Pagolin Miner M3X is a bigger unit because of its embedded ASIC chips. This is not as energy efficient or effective as its aforementioned contemporaries.
With a power draw rate of between 1.8kw and 2kw, it’s the most power demanding unit in the market. The only reason it appeals to people is its high hash rate of 13 TH/s.
It’s also considerably cheaper than the T9, S9 and other units costing just over $1,000 per unit. Just note that this cheap price comes with a trade off of high power consumption and energy bills. So, if you don’t mind those, the Pagolin Miner M3X can serve as your bitcoin miner hardware.
Honorable Mention: Top 8 Bitcoin Miners To Research