Bitcoin mining has greatly evolved since its inception back in 2010. From low tech CPU and hardware, miners are now flocking towards ASIC miners (See here: Best ASIC Miners) to increase their return on investment. Investors are more curious about Bitcoin mining and its feasibility to diversify their portfolios.
When it comes to cryptocurrency mining especially Bitcoin, the hardware is not the only thing that you need. Perhaps there are more complexities involved such as which Bitcoin mining software should you use and what platform are you using to mine Bitcoins. You might have Linux, Mac or Windows, but does the OS support your Bitcoin mining software?
The Bitcoin price ($3,844.02 at the time of writing) has been on a rollercoaster ride since January 2018. From the highs of $20,000, the price underwent several ups and downs settling above $3,000. With the Bitcoin price today, traders have either bet on short or long margin calls to increase their gains. However, extreme fluctuations in the price’s movement and lower mining difficulty gives new hope to the miners.
An ASIC miner, or Application-specific integrated circuit, is the long-standing choice for Bitcoin mining hardware in 2019. These tiny little computer chips have been built with the sole purpose of solving blocks, and far outperform their CPU and GPU counterparts. Choosing the best BTC miner for your mining operation can be a tricky decision, especially if you are new to the industry (If so, read our post, What is Bitcoin Mining). Regardless of a ASIC miner’s potential profit, its initial cost will do much to lay the timeline for your ROI. If you plan to invest in Bitcoin mining this year, here are some ASIC miners to look at;