Bitcoin Miner comparison: What is the best or strongest Bitcoin miner? ASIC, USB or Antminer?
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We also give our conclusion on the best way to mine cryptocurrencies in 2021.
What are Bitcoin miners?
Bitcoin mining fulfils an administrative function. Since Bitcoin is not a classic currency issued by a bank or a country, a way had to be found to process and verify the resulting transactions.
This is done using the blockchain. The blockchain is actually nothing more than a large account book in which all transactions are listed. Once a particular block is over, it is completed and turned into a hash.
This task is taken over by the miners, who make their computing power available for this purpose. If such a hash is successfully generated, the miner is paid a reward in bitcoin. For many, mining is an interesting way to earn money with their computer.
In order to provide the miners with the most efficient "pickaxe" possible, some companies have made it their business to offer suitable hardware.
Such miners come in a wide variety of forms, be it a graphics card (GPU miner), an ASIC miner or even software that makes it possible to mine in a Bitcoin mining pool.
The question now arises as to which Bitcoin miner is most suitable for the prospector and whether it is generally worthwhile to start Bitcoin mining. This Bitcoin miner review is intended to provide an initial overview of the possibilities.
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What makes a good Bitcoin miner?
A Bitcoin miner can come in many different forms. For a long time, the most popular option was to upgrade your own PC, especially the hardware.
If you get a high-end graphics card, for example, you already have a Bitcoin miner. All you need is some software and you can start mining.
So what characteristics should such a graphics card have to make Bitcoin mining profitable? Simply put: maximum performance with minimum power consumption.
Since Bitcoin mining takes up a lot of computing power, you always have to calculate whether it is worth mining at all given the current Bitcoin price and the electricity price you have to pay. For this purpose, there are many variants of so-called Bitcoin mining calculators on the internet.
Another important characteristic is the lifespan of the graphics card. Logically, if you invest in a new graphics card that you want to use primarily for Bitcoin mining, you depend on it meeting the high demands on its performance for as long as possible.
If it breaks prematurely, before it has paid for itself, you have made a bad investment and have to expect losses. Of course, you don't necessarily have to use your graphics card for mining.
Before miners resorted to GPU mining, CPU mining was also very popular. Here, you use your processor instead of your graphics card to mine for bitcoin. Today, however, almost no one uses CPU mining any more, as the performance is often simply far too low.
Some miners also rely on Raspberry Pi Bitcoin mining. This mini single-board computer can be used for mining, but it is often not worthwhile due to too low performance.
ASIC-Miner
ASIC miners are Bitcoin miners that have been specifically designed to mine Bitcoins. There are various USB Bitcoin miners that are simply connected to the PC with the appropriate software and then mine Bitcoins on the side.
Of course, a Bitcoin miner USB stick only has a low performance, so you have to ask yourself whether such an investment is really worth it. The same applies to Bitcoin Miner Android phones, except that the performance is even lower here.
There are also quite creative approaches to owning your own miner. If you browse through the relevant forums, there are countless posts on the topic of "building your own Bitcoin miner".
However, if you want to try it out and build your own Bitcoin miner, you need a lot of skill and technical know-how. Moreover, you cannot assume that you will actually be able to get a satisfactory performance/power consumption rate. However, before you build your own Bitcoin miner, you can also take a closer look at antminers. One of the best-known antminers is that of the company Bitmain.
Antminer in the test:
Probably the best-known provider is Bitmain with its "Antminer", which is available in a wide variety of versions. The latest generation, the Antminer S17 Pro Bitcoin Miner, has a hashrate of up to 62 TH/s and consumes at least 1296 watts per day. The hefty price is currently €2390. Such antminers are specially designed to mine Bitcoin and are nothing more than large hardware boxes with enormous power.
It should be noted that the antminers are not only very expensive, but also consume a lot of power. You should definitely use a Bitcoin mining computer before buying an antminer to see if and when this investment will pay off at the current Bitcoin price.
Furthermore, one should take into account that such antminers are very noisy and are not necessarily suitable for working in one's own home.
Whether such a miner is worthwhile for the interested user depends not only on the current price of Bitcoin, but also on the electricity price that the Bitcoin miner has to pay. To find out whether the purchase is profitable, one has the option of using so-called mining calculators. Here you simply enter your electricity price and the expected hashrate and it will show you whether mining would be profitable.
As you can see, there is miner hardware in many different forms. If you want to buy Bitcoin miners, it only takes a few clicks. More important, however, is whether such an investment is worthwhile at all.
Our conclusion beforehand: We recommend Bitcoin mining via our test winner service The Bitcoin Miner - here you can still profitably mine cryptocurrencies today.
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Bitcoin Miner Calculator: Is bitcoin mining still worth it?
In order to find out whether Bitcoin mining is still worthwhile today, the general conditions must first be discussed. One important point is the so-called mining difficulty. Creating a hash is usually not difficult for a computer.
In order to prevent all Bitcoins from being quickly and easily mined, the Bitcoin network uses a trick: whenever a hash is found and Bitcoins are given out as a reward, the mining difficulty increases.
Mathematical processes make it more difficult for the miners to find the next hash each time. So the more Bitcoins are given out, the more difficult it becomes to mine new Bitcoins.
Today, almost 80% of all Bitcoins have already been mined. The mining difficulty is therefore now very high. As a result, more and more computing power is needed to get to the bitcoin rewards.
That is why you should calculate exactly when you want to start bitcoin mining. For this purpose, there are so-called Bitcoin calculators on the internet. Here you enter your own electricity price, the hashrate of your own miner and its wattage.
Now the Bitcoin miner calculator analyses this data and also includes the current Bitcoin price and the current mining difficulty in its calculation. The result then shows what loss or profit is possible at the moment.
Of course, even a Bitcoin miner calculator cannot predict how the Bitcoin price will develop in the future. Therefore, such test results should also be taken with a grain of salt.
Today, you need a lot of power to mine new Bitcoins. Older miner hardware, such as Bitcoin miner USB sticks, the Raspberry Pi Bitcoin miner, graphics cards or even a Bitcoin miner Android phone are no longer worthwhile at all.
But even the expensive antminers will take a very long time to pay off. From a financial point of view, Bitcoin mining must therefore be discouraged in the meantime.
In the meantime, there is almost no way to profitably mine cryptocurrencies. The best option here is the service of The Bitcoin Miner: According to our calculations, you can still mine cryptocurrencies very profitably here.
Do you want to mine Bitcoin yourself or use a Bitcoin mining pool or cloud mining?
If you want to mine Bitcoin yourself, you have various options for doing so. On the one hand, you can upgrade your computer with various tools, software and hardware and start mining for Bitcoins yourself. Alternatively, you can join a community that searches for the popular coins together and shares the profits. Such a community is called a Bitcoin mining pool.
How does Bitcoin mining work in a pool? Due to the fact that the mining Bitcoin difficulty is already relatively high, it is rarely worthwhile to mine for Bitcoins on your own. The probability of successfully creating a hash is too low.
In most cases, Bitcoin creators therefore rely on a mining pool that they join. Depending on the size of such a community, the probability that hashes are actually generated and bitcoins are found naturally increases. At the same time, the individual miner receives a smaller share per bitcoin, because as the size of the pool increases, the bitcoin mining earnings have to be divided among more participants.
As a result, the larger the pool is, the expected earnings for the individual miner become more regular and more calculable.
Solo mining is not worth it
If, on the other hand, you decide to mine for Bitcoin on your own, it's just like the real gold prospectors in the old days. Most of the time, you won't find anything and thus won't be able to earn any mining money. Rarely, however, a few very lucky people will strike a vein of gold and can then enjoy a high profit, which they do not have to share with anyone.
Due to the fact that the mining difficulty of Bitcoin is now very high, Bitcoin miners will in most cases come away empty-handed if they mine alone. If you are looking for a steady income from mining, Bitcoin mining pools should be the better choice. We recommend our test winner Miner The Bitcoin Miner, where you can achieve very good returns.
Bitcoin solo mining advantages and disadvantages
Solo mining is usually only carried out by large companies or mining farms that also own the corresponding hardware. Of course, individuals can also engage in solo mining, but the success rate is far lower, as profitable hardware is usually not economical for private individuals.
Pros
Cons
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Bitcoin Miner PC Hardware Comparison 2021: What is the best or most powerful Bitminer?
Even though it is very questionable whether Bitcoin mining is still worthwhile today, it doesn't hurt to look into the various options for buying a miner.
Raspberry Pi Miner Bitcoin in the test
You can get the Raspberry Pi single-board computer in stores for as little as 30€. However, the performance is currently too low to make Bitcoin mining profitable.
USB Bitcoin Miner in the test
Miner USB sticks are available in different versions. The market leader Bitmain offers variants that can cost between €100 and €500.
The hashrate for the more expensive models is around 60GH/s, so it is unlikely to generate profits even with a Bitcoin Miner USB stick due to the power consumption.
USB miners can therefore no longer be recommended today.
Graphics cards under test:
A powerful graphics card was the best Bitcoin miner for a long time. In the meantime, however, they have been overtaken by ASIC miners in terms of performance.
GPU mining can be done with any graphics card if you have the right miner software.
Antminer in the test:
Stationary ASIC miners provide the most power today. So is an antminer the best Bitcoin miner on the market? In terms of performance, yes.
But the power consumption is also very high. You can buy this miner by going to the shop on Bitmain's homepage. But for the current version, you have to be prepared to pay the price of 2390 €.
There are countless other types of Bitcoin miner hardware, miner software, miner Android phones and methods to mine Bitcoin with a miner. However, the investment is only worthwhile if the Bitcoin price continues to rise strongly and breaks new records.
Buy a Bitcoin Miner: Where is the best place to buy a Bitcoin Miner?
You have the option of buying a Bitcoin miner from several websites, such as miners.de. However, as already mentioned, in our opinion the provider is not quite as reputable as it appears at first glance. However, there are other providers who offer special hardware for mining.
Generally speaking, however, it is not worth buying a miner. Solo mining is simply too expensive and does not pay off. It is better to participate in Bitcoin mining pools.
In this case, we recommend The Bitcoin Miner. Mining works easily and quickly via the provider and you don't need any additional hardware, which sometimes costs thousands of euros.
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Bitcoin Mining App: What is the best mobile mining provider?
As we have already mentioned, Bitcoin mining involves very high costs. In most cases, you need special hardware if you want to mine Bitcoin. However, this hardware is overpriced and simply not worth it in the long run. Of course, you can also download a Bitcoin mining app for your smartphone - but is it worth it?
Definitely not. Because you would need thousands of devices that you bundle together to even come close to the computing power of a hardware. A smartphone definitely does not have the capacity to successfully mine Bitcoin. An alternative, however, would of course be to participate in a Bitcoin miner.
In this case, we recommend The Bitcoin Miner. Here, you don't need your own hardware or app to start Bitcoin mining. In just a few steps, you can register to participate in bitcoin mining.
Bitcoin Miner Software Download: What is the best mining provider?
If one wants to opt for solo mining, besides the very expensive hardware, one also needs mining software that connects the Bitcoin miner to the blockchain. If one participates in a pool, the software helps to connect to the mining pool. But again, the software for mining is not free. Moreover, setting it up is often complicated and really only worthwhile in the case where one already has the appropriate hardware at home.
However, if you want to participate in cloud mining without hardware and without software, we recommend The Bitcoin Miner. Here, you don't need your own hardware or software to start bitcoin mining. In just a few steps, you can register to participate in Bitcoin mining. Registration is free and can be completed in just a few minutes.
Buy Bitcoin Miner Conclusion - Which miner can we recommend?
Bitcoin mining, whether with hardware or with miner software, is not worthwhile in the vast majority of cases. Due to the high mining difficulty, a high computing power is necessary in the meantime, which is accompanied by high electricity costs.
If you still want to participate in the world of cryptocurrencies, we recommend mining via our test winner service The Bitcoin Miner.
Alternatively, you can also invest directly in bitcoin or speculate on bitcoin via CFDs. Our test winner broker eToro is the recommended provider here.
But here, too, you should not ignore the necessary caution. CFDs are highly speculative and can lead to a total loss of the investment.
If you invest your money in bitcoin, you must always include the risk in your calculation. At the same time, however, this gives you the opportunity to earn high profits.
If you invest your money in bitcoin, you must always include the risk in your calculation. At the same time, however, this gives you the opportunity to earn high profits.
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FAQ
Bitcoin mining refers to the process of mining for bitcoin. In return for providing their computing power, miners receive a reward in Bitcoin. Bitcoin mining ensures that the Bitcoin network can record and verify all transactions that have taken place with the cryptocurrency.
Theoretically yes, but in most cases it is not worth it. You always have to include the cost of electricity and the initial cost of a miner in your calculation. With miner calculators provided on the net, you can find out the expected profit/loss.
It would be best not to become a Bitcoin miner yourself in the first place. But if you are betting that the Bitcoin will soon break new records, you can give it a try. The best Bitcoin miner by performance is probably the current ASCI miner from Bitmain.
The blockchain is actually the "account book" of Bitcoin trading. In it, visible to all, all transactions that have been made are stored. However, anonymity is preserved through encryption with the hashes.
Each block closes after a certain time; the Bitcoin miners take care of the processing. The blockchain is the heart of the Bitcoin network, so to speak. It ensures that all transactions have actually taken place. Due to its design, manipulation of the blockchain is hardly possible.
There are countless possibilities. One option is to speculate on the coins via CFDs. All you need is an online broker. We have already had good experiences with our test winner.
