In this world people are making millions by just mining bitcoins, Ethereum and Altcoins. Cryptocurrency is the new gold rush but you can't dig the cryptos from the ground by just a shovel but they can be mined by the computing power of a computer and those types of computers are very expensive and not everybody can just afford those types of computers to mine the cryptos.
Which type of miners are the most profitable ?
Miners have some type of specifications which makes difference in profit, and the as high as the hash rate is then profit is also high, if in your area the electricity is expensive then the profit can be so low or no profit at all. Because as the hash rate increase the power consumption also increase because it needs that much power to do that much computing. Miners with high hash rate are expensive.
Which is more profitable Bitcoin or Ethereum ?
Bitcoins are more difficult to mine because it needs high hash rate and ethereum needs low hash rate and its easy to mine if you have low computing power then ethereum is for you to mine.
What is the Best Crypto Mining Software ?
There are two ways to mine on your miner is by mining pool or a crypto mining software, Now you are confused what is a mining pool or a crypto mining software.
Mining pool is a group of miners who share their computing power over a network of the mining pool. Mining Pool split the rewarded Cryptos equally which are mined by the Computer according to their work they have covered.Mining Pool has a pool fee like 1% - 2%
Crypto Mining Software
Crypto Mining software is the process of mining cryptocurrency through the use of computing power of the computers you have it runs over your network not on the network of someone else. There is no mining fee, it's free to mine on crypto mining software.
Note: Bitcoin can be mined with the miners who use SHA-256 Algorithm only and Ethereum can be mined with the miners who use SHA -3 Algorithm or you can say daggerhashimoto algorithm
What are the Best Mining Hardware for Bitcoin ?
Avalon A1066 Pro
Hashrate : 55TH/S
Power Consumption : 3300 Watts
Weight: 12.8 Kg
Warranty: 1 Year
Pricing Range : $800 - $1000
Avalon A1066 Pro is a Miner from Canaan with mining algorithm of SHA-256 with a maximum hashrate of 55Th/s with a power consumption of 3300W. It can mine a block faster than a lot of other miners.
Download the Product User Manual Here
Bitmain Antminer S17+
Power Consumption : 2920 Watts
Weight: 11 Kg
Warranty: 1 Year
Pricing: $800 - $1000
Bitmain Antminer S17+ is a Miner from Bitmain with an outstanding hashrate of 73 Th/s. It has a mining algorithm known as SHA-256 with a power consumption of 2920 Watts. It can't mine ethereums becuase it uses SHA-256 algorithm and ethereum can be only mined with SHA-3.
What are the Best Mining Hardware for Ethereum ?
NVIDIA RTX 3090
Hashrate: 121 MH/s
Power Consumption : 290 Watts
Weight: 2.1 Kg
Warranty: 3 Year
Nvidia RTX 3090 was recently launched by NVIDIA on September 24, 2020. It is the Most Powerful Graphic card in 2021. Said by a lot of people i met and they says its the best gpu in the market, You'll find difficulty to buy this graphic card because its always sold out whenever its in stock, It can mine ethereum very fast other than any other gpu.It has a hash rate of 121 MH/s with power consumption of 290 Watts, It has a warranty of 3 years.
NVIDIA RTX 3080
Hashrate: 115 MH/s
Power Consumption : 320 Watts
Weight: 1.3 Kg
Warranty: 3 Year
Nvidia RTX 3080 was launched before RTX 3090 by NVIDIA on September 17, 2020. People say its the best gpu in the market for miners 3000 series is one of the best nvidia gpu series to mine ethereum. Ethereum can be mined on daggerhashimoto algorithm only
Read our other article on Cryptocurrency