In 2020, mining is not dead despite the predictions of traders and analysts. The price of BTC and other cryptocurrencies is not holding on a high level, which is why many players, who used old equipment, left the market. Today, mining still generates income, but it all depends on what to mine and how to mine. In this text we will talk about the mining equipment, which you can use in 2020.
Mining on video cards.
We will probably start with the simplest solution — GPU farms (farms on ordinary computer video cards). It is still a very popular tool for mining all cryptocurrencies except Bitcoin. Today, one of the most attractive coins for home mining is Ethereum. The dag file has grown significantly, weak video cards with 2–3 gigabytes of memory are no longer suitable, and therefore a significant part of the miners who were using the GTX 1060 and similar cards dropped out of the game, having switched to other cryptocurrencies, and probably ether mining is still relevant only because of this.
You’d think the more powerful the video card — the better it is, but in fact this is not always true. For example, the farms on RTX2080 Ti or Radeon VII can bring about one dollar a day, excluding the cost of electricity. A farm of eight cards will bring eight dollars, but such cards cost from $1000 for RTX and a little less for Radeon. The payback period of such hardware will last for about a two years, but if Ethereum price will grow up, video cards would pay off faster.
Bitmain Antminer S9
These models are very popular — Bitmain Antminer S9 account for as much as 80% of the mining market today. It is a simple device, which can bring up to two dollars a day (excluding the costs of electricity). But if you calculate the electricity expenses, you’ll see that such ASIC will not pay off. Why are they still popular? Because they are very cheap. You can consider this option if you have access to free electricity, but it’s clear that Bitmain Antminer S9 is still not for everyone.
Bitmain Antminer S17
Newer models such as the Bitmain Antminer S17 Pro are much more interesting than the above-described. A model with 76 terahash can generate up to two dollars a day. But if you have access to free or low-cost electricity, you’ll be able to receive up to nine dollars per day from one device.
Bitmain Antminer S19
Bitmain Antminer S19 brings more profit. Net income of such a device (model on 110 terahash) is about 13–15 dollars per day, excluding the cost of electricity. You can buy S19 on the ECOS website at a price of $2906. It was announced only at the end of March, but ECOS made it available for pre-order now!
Bitmain Antminer T17
Finally, another option from Antminer — T17 — a relatively recent model, which was announced at the end of 2019. T17 is a couple of dollars less profitable, comparing to Antminer S17 Pro model, but the it costs by 20% cheaper. What about the shortcomings? T17 is less energy-efficient, so it’s not a good idea to put a device in the garage — with a high cost of electricity the profitability will fluctuate about zero. But if you have access to free or low-cost electricity, you’ll be able to receive up to 6–7 dollars per day.
Mining is still relevant, but you need to have access to cheap electricity and use high-quality equipment to get a good income. To increase the profitability, you can use the services of the ECOS mining company, which uses modern equipment and minimizes mining costs by placing a farm at the Hrazdan power plant, where about 50 megawatts of electricity with the possibility of increasing consumption up to 200 megawatts are reserved for the need of the company.
