Can bitcoin be mined with antminer?

Antminers are simply Bitcoin mining hardware. They are considered to be the most powerful mining hardware in the world. There are Antminers for different cryptocurrencies, such as Bitcoin, Litecoin, ZEC and Etherium. Antminers do not charge a Bitcoin mining fee for the Payment for Last N Shares (PPLNS).

Bitcoin mining as a hobby can be fun and even profitable if you have cheap electricity and get the best and most efficient Bitcoin mining hardware. Bitmain - Bitmain manufactures the AntMiner line of Bitcoin miners. Bitmain is based in Beijing, China, and also operates a mining pool. The Whatsminer M30s and Antminer S19 Pro emerge as the best options to allow you to make a profit on your mining operation - assuming your electricity bill is cheap enough.

A popular ASIC for Scrypt mining is Bitmain's Antminer L3, but batches tend to sell out almost immediately, meaning you have to watch Twitter like a hawk; the company only accepts bitcoin in cash and USD bank transfers (for some batches it only accepts the former). Before I get into the various miners in the current market, I want to make sure you're familiar with what bitcoin mining is. The reason, I wrote, is that using Scrypt allows Litecoin to be mined at the same time as Bitcoin, which means that Litecoin will not compete with Bitcoin for miners. Miners who successfully solve the hash problem but have not verified the highest number of transactions are not rewarded with bitcoin.

Unlike the Antminer S9, S7 or Antminer S5, with the Antminer R4, Bitmain is targeting the home Bitcoin miner market. This home Bitcoin miner is not only a good option for hobby miners, but also helps to improve the decentralisation of Bitcoin mining as a whole. You can also buy cryptocurrencies using fiat currency; you can trade them on an exchange like Bitstamp using another cryptocurrency (as an example, using Ethereum or NEO to buy Bitcoin); you can even earn by buying, publishing blog posts on platforms that pay users in cryptocurrencies, or even creating interest-bearing cryptocurrency accounts. The winning hash for a bitcoin miner is the one that has at least the minimum number of leading zeros defined by the mining difficulty.

As for the heat, some bitcoin miners have been able to use that excess to their advantage, especially in colder climates. All Buy Bitcoin Worldwide visitors should consult a professional financial advisor before engaging in such practices. Today, the only way to participate in Bitcoin mining is through dedicated miners known as ASIC miners. The company developed the Antminer, a series of ASIC miners dedicated to mining cryptocurrencies such as Bitcoin, Litecoin and Dash.

To win bitcoins, you have to be the first miner to come up with the correct, or closest, answer to a numerical problem.

David Gerula
David Gerula

Devoted social media practitioner. Lifelong pop culture junkie. Sushi buff. Subtly charming pop culture junkie. Passionate beer maven. Total beer lover.