Is The Antminer T9 Bitcoin Miner Better Than Cloud Mining? The ArmyOfBitcoin.com is going to give you an honest comparison between using a Bitcoin miner like the Antminer T9 versus using your computer for cloud mining. Overall, mining Bitcoin and most altcoins can be very profitable. However, it is important to choose the best cloud mining company if you choose to go in that direction. Some of the cloud mining sites will let you start for free, but most of them will require you to invest. This situation leads us to the question Is The Antminer T9 Bitcoin Miner Better Than Cloud Mining?
The answer to that question is tough to answer because it depends on your situation. The Antminer T9 Bitcoin Miner is one of the best cryptocurrency mining equipment on the market. Above all, you can purchase the Antminer T9 Bitcoin Miner currency for one $959.99. This price has been lower from the $3,999.99. As a result, you will save $3,040.00 purchasing the Antminer T9 Bitcoin Miner. At the current price. However, there are costs associated with running a Bitcoin or any cryptocurrency mining rig. Also, the Antminer is large and needs a cooling system. If you do not have the extra room or do not want to invest this much money in starting we recommend cloud mining. Nevertheless, there are many other costs associated with owning your mining rig. Electricity is a very big cost and takes away from your net income.
There are many cloud mining sites on the Internet. However, Hashflare is one of the better ones. In contrast, when you use your laptop or desktop computer to help mine Bitcoin, you are not going to make as much money as if you are using the Antminer T9 Bitcoin Miner. Also, you have to trust the cloud mining service to give you your full share of profits. The ArmyOfBitcoin.com feels HashFlare.com is better than most of the other cloud mining services. However, you never know if you are getting your full share of the profits. That said, out of all of the cloud mining sites on the Internet, we feel Hashflare is one of the better sites.
If you have some startup capital and extra room to start a mining rig, the Antminer T9 Bitcoin Miner appears to be a substantial investment. The Antminer T9+ is designed for stability. Also, it comes with 10.5TH/s Hash Rate At 1432 w Of Power. Hence, this product is known as the World’s Most Powerful Bitcoin Miner. The Hash Rate ranges from 10TH/s up to 12TH/s. Also, there is ±5% variation you should expect. Said differently, anticipate getting 10TH/s, not 12TH/s. Above all, if you get more than 10TH/s consider it a gift.
Have you heard the story about the cryptocurrency investors in Plattsburgh New York? Above all, Plattsburg is in upstate New York and is a beautiful place. However, the town has a deal in favor of its residents with the electric companies. This deal allows Plattsburg, New York residents to live with minimal electricity cost. The word got around the Bitcoin Mining communities. As a result, many cryptocurrency miners rented property in Plattsburgh New York. They began to start setting up their cryptocurrency mining shops and made a good profit. The town caught wind of this and banned Bitcoin mining from Plattsburgh New York.
The story about investors getting banned from Plattsburgh New York should give you an inkling how much electricity costs are. The ArmyOfBitcoin.com did a study in 2017 about the electricity cost associated with running the Antminer all day long for one year. Overall, it will produce approximately 0.85 bitcoins, which is almost $17,700 if you sold them in December 2017. However, it will cost you around 15,000 kilowatts per hour. Also, this depending on your power prices. Said differently, it can cost anywhere from six hundred dollars (at three cents per kWh) all the way up to eighteen hundred dollars (at nine cents per kWh) to mine one Bitcoin.
Previous News Article: XinFin Network Altcoin Surges 142% While Bitcoin Still Struggles