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Before you start mining Bitcoin, you have to decide where to buy your hashpower from. Based on what you want, different approaches may be more suitable.
This guide compares how expensive hashrate is when buying a Bitcoin miner yourself e. This guide will compare the initial costs, if you're interested in the profitability of an Antminer S9 click here , and if interested in cloud mining profitability click here. Any links on this guide may be affiliate links, so we'll earn some money if you use them.
So if you live somewhere with expensive electricity, cloud mining may be more suitable; equally if it's very cheap where you live buying an Antminer may be better.
Be aware that because of this Monero will likely change their mining algorithm to deter this ASIC, which would effect any Monero cloud mining contracts.
Cloud mining companies may allow you to mine other CryptoNight-based coins, but you'll be competing with the X3, which is as much as 87x better value for money so the difficulty will go up significantly. Since the Antminer D3 came out, profitability for mining Dash has gone down massively - hence the massive cost differences below. Dash X11 Hashrate Cost Comparison. This site cannot substitute for professional investment or financial advice, or independent factual verification.
This guide is provided for general informational purposes only. The group of individuals writing these guides are cryptocurrency enthusiasts and investors, not financial advisors. Trading or mining any form of cryptocurrency is very high risk, so never invest money you can't afford to lose - you should be prepared to sustain a total loss of all invested money.
This website is monetised through affiliate links. Where used, we will disclose this and make no attempt to hide it. We don't endorse any affiliate services we use - and will not be liable for any damage, expense or other loss you may suffer from using any of these.
Don't rush into anything, do your own research. As we write new content, we will update this disclaimer to encompass it. We first discovered Bitcoin in late , and wanted to get everyone around us involved.
But no one seemed to know what it was! We made this website to try and fix this, to get everyone up-to-speed! Click here for more information on these. All information on this website is for general informational purposes only, it is not intended to provide legal or financial advice. Mar 18th, Updated Mar 23rd, Mining Before you start mining Bitcoin, you have to decide where to buy your hashpower from. Dash X11 Hashrate Cost Comparison May 5th, What is the Antminer Z9 Mini?
Written by the Anything Crypto team We first discovered Bitcoin in late , and wanted to get everyone around us involved. Never invest money you can't afford to lose.