Table of Contents
Mining and Need of Antminer S9
Bitcoin, like some other cryptocurrencies, has to be issued through mining, and we call this Bitcoin mining. Initially, Bitcoin mining was pretty easy as anyone with a PC could mine using computer CPU, but as more and more Blocks are mined, subsequent Blocks become more difficult to mine. So to make mining profitable, you need high Graphics processing units (GPU), and Antminer S9 is one of them.
To mine Bitcoin, the miners have to solve complex math puzzles for an agreed reward, using computers and subsequent puzzles are more complex than previous ones, hence the need for computers with higher computing power. The higher the computing power of the mining hardware, the more expensive mining is, and the lower the return on investment (ROI), sometimes losses are made. (Related reading, see: 10 BEST BITCOIN MINING SOFTWARE (COMPARISON/ REVIEWS)
Antminer S9 developing Company
For this reason, China-based Company, Bitmain, developed a model miner, Antminer S9 with a powerful capacity to mine efficiently, while saving costs. In essence, it is developed to enable miners to still make a profit. There have been many of such models, but as mining becomes more difficult, they become obsolete and unprofitable to mine with.
Review of Antminer S9
When it comes to Antminer, Bitcoin miners express mixed feelings, while some are optimistic, others have doubts about its efficiency. Here is a comprehensive review of this miner.
The power supply is the most important requirement for mining efficiently, and most of Bitcoin mining costs come from the power supply. Any recent miner model consumes a really high amount of electricity. Antminer S9 requires up to a 1600W power supply (as recommended) and voltage of 11.60~13.00 Voltage. Nonetheless, it is the most electrically efficient miner currently, providing more reasonable work for the power it consumes. S9 consumes about 300W more than its predecessor, S7.
It is, therefore, necessary to put into consideration the location where mining will be carried out if any profit is to be made from using this device. For this reason, China remains the best place to mine Bitcoins.
Antminer S9 is the most expensive miner in the market, costing from between $2000 to about $2700, eBay offers the lowest price, at $2000. This is because of its incredible mining abilities and improvements. As usual, the price of S9 will drop as more improved models are perceived to be soon available.
Depending on your location, it may take up to 9 months to make back the cost price of this miner
Efficiency and computing power
When efficiency is mentioned, there is no more efficient and powerful miner than the Antminer S9. It has a high hashing power of an amazing 14 TH/s (TeraHash per second), this impressive hash rate means Bitcoins are mined faster. With this, S9 can yield an income of about $5-$6 per day and about $160 per month, add up to almost $2000 in a year.
This means that you will only be able to make returns on investment after a year. The income yielded is in BTC (not actually in USD), and the constantly increasing price of Bitcoin is very encouraging to Bitcoin miners, as it ensures profits.
Set up and Temperature
The Antminer S9 is super easy to set up, being already a single unit. All that is needed for it to function is itself and a power supply, but a PSU (power supply unit) is required as it is not just plugged into the wall.
S9 is air-cooled and is not as noisy as the S7 model, which makes whining noises.
Is S9 worth the sweat?
The Antminer S9 being worth it or not, largely depends on the location of the miner. Also, new and improved miner models have developed almost annually and considering the fact that it will take over a year to make back the money used to purchase the miner, the benefit in buying this model may be questionable, as the newer models will possess better hash rate, efficiency, and power.
Nonetheless, an important truth worth noting is that Bitcoin miners possess the required expertise and know-how, to make profits from mining, because what makes good Bitcoin miners is their ability to mine with the lowest possible costs and highest possible yield.
S9 is worth the try and don’t forget to get your 90 days warranty.
Download Complete article here.