What is Bitcoin Mining Hardware?
Bitcoin mining hardware are special computers that mine for bitcoins. They can’t be used for anything else but this purpose.
Yes, it’s crazy!
ASIC Mining Hardware
ASIC mining hardware is the same as mining hardware. ASIC means: Application-specific integrated circuit.
Here is some great information on what ASIC miners are actually doing:
An ASIC is an application-specific integrated circuit, this allows miners to use hardware made specifically for Bitcoin or other SHA-256 algo coins, to mine BItcoin. An ASIC has benefits over CPU, GPU and FPGAs due to being designed for one specific task. They are able to mine Bitcoin at a higher hash rate (speed of processing transactions) than CPUs, GPUs and FPGAs. Several manufacturers produce their own ASIC chips and miners. For this part of the Bitcoin Mining Guide we will use the current top miner on the market the Bitmain AntMiner S9.
Bitcoin Mining Hardware 2017
To be honest, it is not worth it to buy bitcoin mining hardware in 2017. Companies that mine bitcoins are massive and have entire warehouses dedicated to mining. To compete with them you would probably need to spend at least $2 million!
Bitcoin Mining Hardware Requirements
If you have mining hardware, other requirements to maximize your profit include:
- Cheap electricity
- Living in a cold area – this helps prevent your miners from overheating
Bitcoin Mining Hardware comparison
There is really no need to compare because the Antminer S9 is the best and most efficient Bitcoin miner available for purchase.
Bitcoin Mining Hardware Amazon
Amazon is the best place to buy Bitcoin mining hardware. You can always try eBay too.
Best Bitcoin Miner Software
To use your mining hardware, you will need to get mining software which is outlined on our other page.