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Bitcoin Mining
Today, that is no longer the case. Specialized equipment has been made, such as the Bitmain Antminer S9, to mine bitcoin at impressive rates in the TH/s (Tera Hash per Second). In laymen terms: That’s incredibly fast. |
The Antminer S9 is 3x more powerful than its predecessor, the Antminer S7. It is also significantly more efficient from a power consumption standpoint.
If you are serious about getting into bitcoin mining and want an equally as serious piece of hardware, the Antminer S9 is the way to go.
Mining Bitcoin at Home
If you want to mine bitcoin at home then you may wish to go with the most power efficient bitcoin mining hardware designed specifically for the household.
The Antminer R4 uses the same 16nm ASIC chip efficiency system as the Antminer S9. However, the R4 is designed to be appropriate as an at-home-model by eliminating the noisiness of the fan unit and a specialized on-system control board to reduce latency.
This board is called the Xilinx’s ZYNQ-7000 family system-on-a-chip. With this chip combined with the noise efficiency of less than 52db, the Antminer R4 still outputs an impressive 8.6 TH/s of computer mining power.
Bitcoin Mining Hardware
Price compare the bitcoin mining hardware that is right for you.
We offer bitcoin mining equipment on our website. And though we provide quality machinery and quick shipping, we strongly believe in transparency and pricing comparisons.
No BS “fake” listings and “fake” pricing. Only real listings from real sellers below.
Look below for the product you’re looking for and compare our price with other sellers as well.
Antminer S9
(13,500 GH/s)
Power Consumption: approx 1274W
Most efficient bitcoin miner on the market
PSU & Power cord included in purchase from us.
S9 Miners on Amazon.com
Antminer R4
(8,000 GH/s - 8,700 GH/s)
Power Consumption: approx 845W
Mining at Home
PSU & Power cord included in purchase from us.
R4 Miners on Amazon.com
Bitcoin Mining
Power Supplies
Antminer Power Supply
APW3+112-1600W, PSU
- Bitmain manufactured power supply unit for Antminers
- Powers ONE Antminer S9
- Output: Rated 1600W
- Input: Requires 210V
- Most cost effective/efficient with S9
- PSU will not start below voltage 205V
- Ideal for Antminer S9
APW3 1600W PSU Amazon.com
Antminer Power Supply
APW5 1300W-2600W, PSU
- Powers TWO R4 miners with 220v input
- Powers ONE R4 miner with 110v input
- Compatible to run S9 at 220v input (do not run S9 to this on 110v)
- Output: Rated 1300W-1600W
- Input: 100-240V AC startup
- Bitmain manufactured power supply unit for Antminers
- Ideal for Antminer R4 (can run two with proper input)
APW3 1600W PSU Amazon.com
Bitcoin Mining Profit Calculator
Credit for calclator: vnbitcoin.org
What is Bitcoin Mining
How does Bitcoin Currency work?
The idea of the blockchain is a play on words that each transaction is “chained” together and forms a “block” of multiple transactions combined together. So what is bitcoin mining? Bitcoin mining is a decentralized process where two main goals are achieved: 1) The confirmation of bitcoin transactions which utilize sufficient computing power to calculate the completion of a bitcoin block (chain of bitcoin transactions). 2) The creation of new bitcoins as a “reward” for completing said block, which is given to those conduction the transaction (the bitcoin miners). As more bitcoin miners join the network to conduct transactions and attempt to win the “reward” of a completed bitcoin block to get paid, the difficult of the network goes up, making it harder to the be winner of the block. This is because only the miner that completes the final chain in the block wins the reward.How does Bitcoin Transaction Difficulty work?
Mining difficulty is a calculated measure of how complicated it is to reach the target value during proving transactions (which is a 256-bit number). What this means is taking the maximum mathematical computation possibility for completing bitcoin transactions and then figuring out how hard it will be to complete a bitcoin block of those transactions.
The more difficult, the harder it is to “win” the reward of a bitcoin.
How does the difficult of mining get harder? Simply stated, the more miners that join the network by turning their hardware on, the more people and equipment competing for that block completion. There’s also more machines conducting transactions which means the ability to finish a transaction is easier. As a result, difficult goes up.
The target value is typically recalculated after 2016 blocks are completed, which takes approximately two weeks.
The idea is a sense of “proof of work” or the computation of equations to satisfy the requirements if transactions based upon the 256-bit possibilities involved in an alpha-numeric probability solution. Yes. It is as complicated as it sounds. But really, the simplified version is that a block is solved through random “guesses” of generated calculations to complete a chain of transactions. In order to limit the inflationary value of bitcoin by overproducing bitcoins as rewards to miners, as more miners join the network, the difficulty increases, making it harder to complete the blockchain transaction in full.
What is a Blockchain Reward
This all comes down to why mine? other than to mine for the ethics of a decentralized currency, miners want to get paid. Miners get paid in the completion of a block with a reward of bitcoin. Generally speaking, the reward is an agreed number of bitcoin for completing the block, which halves from time to time after so many blocks form (210,000 blocks, which is a lot).
How do Bitcoin Miners get paid
In addition to block rewards, bitcoin miners get paid through transaction fees. Those who transaction, send/receive bitcoin, often want to see their transaction happen quickly. The sender can pay a fee to the network (those conducting the transaction) for quick processing. The higher the fee, the faster the processing as miners will want to compete for that fee. In addition, bitcoin miners often join “pools”, or groups of fellow miners working together to solve the blocks and are willing to share the reward for an increased percentage chance of solving the equation as a collective group.
In today’s bitcoin mining market, it is much more practical to be part of a pool to receive payment.
Bitcoin Mining for Dummies (The Basics)
Learn more on the basics:
