Bitcoin Mining Hardware Guide

bitcoin mining chips

The best Bitcoin mining hardware has evolved dramatically since 2009

At first, miners used their central processing unit (CPU) to mine, but soon this wasn't fast enough and it bogged down the system resources of the host computer. Miners quickly moved on to using the graphical processing unit (GPU) in computer graphics cards because they were able to hash data 50 to 100 times faster and consumed much less power per unit of work.

During the winter of 2011, a new industry sprang up with custom equipment that pushed the performance standards even higher. The first wave of these specialty bitcoin mining devices were easy to use Bitcoin miners were based on field-programmable gate array (FPGA) processors and attached to computers using a convenient USB connection.

FPGA miners used much less power than CPU's or GPU's and made concentrated mining farms possible for the first time.

Today's modern and best bitcoin mining hardware

Application-specific integrated circuit (ASIC) miners have taken over completely. These ASIC machines mine at unprecedented speeds while consuming much less power than FPGA or GPU mining rigs. Several reputable companies have established themselves with excellent products.

Bitcoin Mining Hardware Comparison

Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are:

Antminer S5 Bitcoin Miner

Spoondoolies Bitcoin Miner

Bitfury USB Bitcoin Miner

Manufacturer

AntMiner S5

Spondoolies

Tech SP20 Jackson

BPMC Red Fury USB

Advertised Capacity

1,155 Gh/s

1,500 GH/s

2.5 GH/s

Power Efficiency

0.51 W/Gh

0.80 W/Gh

1.00 W/Gh

Weight

6 pounds

20 pounds

1.6 ounces

Getting Started Guide
Price

$474.97

Buy Antminer S5 bitcoin miner

$499.97

Buy Spondoolies bitcoin miner

$33.87

Buy Bitfury bitcoin miner

Appx. BTC Earned Per Month

0.35787681

0.46477508

0.00077463

For a comprehensive comparison of bitcoin mining hardware.

Best Bitcoin Mining Hardware

bitcoin mining chip sheet

Two major factors go into determining the best bitcoin mining hardware: (1) cost and (2) electricity efficiency.

Bitcoin mining is difficult to do profitably but if you try then this Bitcoin miner is probably a good shot.

ASIC Bitcoin Mining Hardware

Application-specific integrated circuit chips (ASICs) are bitcoin mining hardware created solely to solve Bitcoin blocks. They have only minimial requirements for other normal computer applications. Consequently, ASIC Bitcoin mining systems can solve Bitcoin blocks much quicker and use less less electricity or power than older bitcoin mining hardware like CPUs, GPUs or FPGAs.

As Bitcoin mining increases in popularity and the Bitcoin price rises so does the value of ASIC Bitcoin mining hardware. As more Bitcoin mining hardware is deployed to secure the Bitcoin network the Bitcoin difficulity rises. This makes it impossible to profitably compete without a Bitcoin ASIC system. Furthermore, Bitcoin ASIC technology keeps getting faster, more efficient and more productive so it keeps pushing the limits of what makes the best Bitcoin mining hardware.

Some models of Bitcoin miners include Antminer S5, Antminer U3, ASICMiner BE Tube, ASICMiner BE Prisma, Avalon 2, Avalon 3, BTC Garden AM-V1 616 GH/s and VMC PLATINUM 6 MODULE.

Bitcoin Mining USB Hardware Comparison

Currently, based on (1) price per hash and (2) electrical efficiency the best Bitcoin miner options are:

Antminer U2 USB Bitcoin Miner

Avalon USB Bitcoin Miner Nano 3

Bitfury USB Bitcoin Miner

Manufacturer

AntMiner USB U2

Avalon USB Nano3

BPMC Red Fury USB

Advertised Capacity

2.0 Gh/s

3.6 GH/s

2.5 GH/s

Power Efficiency

N/A W/Gh

N/A W/Gh

1.00 W/Gh

Weight

0.8 ounces

0.8 ounces

1.6 ounces

Getting Started Guide
Price

$34.99

Buy Antminer U2 USB bitcoin miner

$32.37

Buy Avalon Nano 3 USB bitcoin miner

$33.87

Buy Bitfury bitcoin miner