Bitcoin is the new trend. Bitcoin cryptocurrency has seen tremendous growth in the past few years. Living in today’s technology-paced world, you should know about bitcoin, mining, NFTs, and whatnot. So, let’s first understand what bitcoin and bitcoin mining is.

Bitcoins are the first-ever cryptocurrency that is based heavily on blockchain technology. It is decentralised and can be transferred from one person to another without involving any mediators like banks, brokers, etc.

Now, what is bitcoin mining? In simple words, it is the process of confirming new transactions in the Bitcoin cryptocurrency system. Apart from this, it also means by which new bitcoin enters the circulation. Plus, Bitcoin mining is also the process of validating transactions in a trusted, decentralised manner, and it creates new Bitcoins to add to those that are already in circulation.

Bitcoin Mining is also known as PoW or proof of work. Wonder why? It is because bitcoin miners have to show that the complex work of solving problems is completed. The process involves solving tedious maths equations based on which the crypto rate and growth is determined. This is done so that Bitcoin miners can earn the right to verify new blocks in transactions.

Difference Between Metaverse and NFT

Metaverse is a 3d universe that can be compared to the futuristic internet. It is a combination of different virtual spaces. While NFTs are the digital items that can be bought or sold in the metaverse. NFT stands for non-fungible tokens, these can be purchased using blockchain technology.

Advantages of Mining Cryptocurrency in 21st Century

We have already discussed what bitcoin and bitcoin mining is. So, it won’t be wrong to conclude that bitcoin mining consumes energy in large chunks. On the other hand, it is seeing a boom, it has become everyone’s favourite field of interest. Of course, because there are certain advantages of mining cryptocurrency. So, here is a list of some advantages of mining cryptocurrency in the 21st century.

 

It is Decentralized

Cryptocurrency is decentralised, this is its biggest advantage. The majority of these digital currencies are organised and controlled by developers and people who own a large number of coins. Apart from developers, crypto is also managed by organisations to develop them before they are released into the market.

Now, if you are wondering why decentralisation is the biggest advantage of crypto, it is because decentralisation helps in maintaining the currency monopoly as free. Also, it checks that the flow of value of these coins is not managed or determined by a single organisation.

This helps in keeping a stable and secure environment. Its decentrlized feature is also heavily distinguished from fiat currency monitored by the government.

Exchanging the Currency is Easy

By now, we know that cryptocurrency can be easily bought in any currency, be it US dollars, Indian Rupee, British pound, or European Euro. Anyone can buy bitcoins again because it is decentralised and is not governed by any organisation. This saves you from the monotonous process.

But this is not all. Another essential advantage of cryptocurrency is that it can easily be converted into other currencies. Thanks to cryptocurrency wallets and exchanges, a particular currency can be converted into other through trading. You can trade bitcoins over different wallets with just minimal fees.

Crypto is Secure and Private

In today’s era, privacy and security are the two prime concerns, be it any field. From social media to cryptocurrency, privacy is a concern everywhere and especially in cryptos. We know that bitcoins are based on blockchain technology, which makes them secure and maintains privacy.

Blockchain ledgers are based on various maths equations, and solving them is not like walking in a park. The reliance on cryptocurrency on blockchains makes it more secure than any other form of currency.

Also, to take security and privacy a level up, these use pseudonyms, which are not connected to any use, account or stored data. Aliases make sure that there is no way to track back to the user's profile.

Top BitmainAntminers and Their Profitability

We bring you a list of the top five BitmainAntiminers and their profitability.

BitmainAntminer E9 (3Gh)

The BitmainAntminer E9 offers the maximum hash rate of 3Gh/s. This feature makes it one of the best bitmainantminers. It is a model from Bitmain Mining that follows the EtHash algorithm. With a hash rate of 3Gh/s, it takes up the power consumption of 2556W.

Profitability -  $120.03

BitmainAntminer L7 (9.5Gh)

BitmainAntminer L7 (9.5Gh) is a Bitmain Mining product that follows the Scrypt algorithm. It uses a maximum hash rate of 9.5Gh/s that can consume the power of up to 3425W. These features make it one of the best bitmainantminers.

Profitability -  $54.49

BitmainAntminer S19 Pro+ Hyd (198Th)

This is BItmainAntminers, yet another model. Following an algorithm of SHA-256, it can have a maximum hash rate of 198Th/s for a power consumption of 5445W. With 50db of noise level, this is one of the finest ones in the industry.

Profitability -  $19.02

BitmainAntminer S19 XP (140Th)

BitmainAntminer S19 XP (140Th) is BitmainAntminers finest collection. It has a hash rate of 140 Th/s  it can be ideal for a power consumption of 3010W. This model follows an SHA-256 algorithm.

Profitability - $15.87

BitmainAntminer D7 (1286Gh)

With the model Antminer D7 (1286Gh) from Bitmain mining, this bitmainantminer is one of the best in the field. With a hash rate of 1.286Th/s and the  X11 algorithm, it made for a power consumption of 3148W.

Profitable - $17.30

Conclusion

CryptoExpertIconMiners is one of the largest miner distributors that are into offline sales. With  BitmainAntminer E9 (3Gh) and BitmainAntminer L7 (9.5Gh) as their best sellers, there are other options available as well for you to toggle through.

BitmainAntminer E9 (3Gh) and BitmainAntminer L7 (9.5Gh) are not only CryptoExpertIconMiners’ best sellers but also the best models in the field.