For the last 2 years there was not much to shill in mining mining was on the life support. And the profits constantly got decreasing. Start of 2020 Bitcoin and Altcoins are showing great performance in price action. This price action has also increased mining profits in some coins for more then 100% since december 2019. It might be to early to say that “we are back” , as crypto can be so unpredictable. But there is a lot of signs that we have now oversold a lot and value of crypto market is increasing steadily. We might see this pattern continue for good bit of times as BTC halving is coming up in 3 month. Let’s get in straight in. I will choose 3 hardware devices which in my opinion would be the best choice and we will see how profitable they are.

If you are new to mining and you want to know which devices to choose, choose from top market cap coins latest equipment. This will be your safest bet, as the mining profits are much more stable on bigger cap coins then on smaller cap coins. If you are small miner and don’t have large electric bills, you can choose smaller cap coins. They might go up in price lot faster then bigger cap coins in bull market, but be aware they they might dump lot faster. It is high risk high reward type of mining.

If you are really serious about mining, you need to look at cheapest power source possible which would be in 0.05c a kw/h range. It is not 2017 and mining from home wont be profitable at 0.30c a kw/h. Industrial power is possible to achieve 0.05 in many places in the world. If it is not possible in your country , look for the country where it is possible. So all profit calculations done for 0.05c a kw/h

Top mining profitability websites :

• https://www.asicminervalue.com/  It is great website to see newest ASIC miners and their profitability. Usually the new upcoming mining machines gets listed here. So come and checkout this page every few days/weeks this page if you are serious about mining.

• https://whattomine.com/ Is the best known for GPU/CPU mining profitability. You can choose what ever hardware to use and it will give you the best and most profitable coins to mine. It is very simple to use it. It does have Also asic miner profitability check, but for asics i do prefer asicminervalue,com

The top and 3 most profitable Crypto currencies to mine in February 2020 , for some people miner pick could be different. The prices changes if you are buying new/used , depending in which part of the world are you. This is my recommended , brand new purchase in Europe.

• Bitcoin – Most suitable Antminer S17+ . It is one of the efficient Bitcoin miner currently publicly available, alternatives would be M20s miner and Avalon miner 1166. Antminer S17 efficiency is 73TH/s @ 3000watts . Current profitability after you have paid your electric bill is 7.82 usd in 24hours , with ROI achievable in 6-7month. It does seems great, but crypto doesn’t stand still. And has plenty of risks.

• Ethereum – Best miner to use is RX5700 graphic cards mining rig. I know there is an ASIC miner available A10, but most of you who are in mining will agree with me, that it is complete junk. It is only slightly more efficient then RX5700 gpu rig in terms of price per hash and watt per hash . But it is 10x more riskier investment in mining rig then buying GPU mining rig. So the efficiency of 12xgpu RX5700 mining rig is 640 mh/s @ 1700watts. Current profitability after you have paid your electric bill is 7.62 usd in 24hours , with ROI achievable in about 20-22 month. Ethereum is one of the underdogs which could perform quite well in 2020 and might reduce your ROI much more faster.

• DASH – Lately has been released most efficient DASH miner STU-U6. Asic miners are very risky investment, but sometimes they might be very profitable. The beauty of this miner is that it is quite new model and it is mining profitably DASH , even that DASH is still over 90%down from its all time highs. This miner performance is 420GH/s @2100 watts. Current profitability after you have paid your electric bill is 8.11 usd in 24hours , with ROI achievable in about 5-6 month.

These would be my to pick miners for start of 2020. There is big risks in any on these miners as no high reward investment is guaranteed anywhere. I’ll have more detailed explanation of the risks of each of these miners in my next post.

Any miner suggestion, what would be your best choice and why?

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Another reason why network hashrate is increasing is because there in new more efficient hardware developed. Latest Bitcoin miners work on 7nm chips, which has been in production since start of 2019. And they are much more efficient then previous successors 10nm and 16nm miners. I would say in last few years , Bitcoin mining has got more decentralized, as there is more and more Asic miner manufacturers entering Asic miner market for bitcoin. Only few years ago there was one main dominate company Bitmain. But now there are few Cannon, STU technology, Microbit, Innosilicone and many more.

So this tutorial will be about latest Bitmain Antminer S17. If you do have a large mining farm, you want to control and monitor your mining rigs in very simple way. As many of you know i use 3rd party software to monitor gpu and asic miners. But issue with the latest Bitmain miners is that they are locking down SSH. That you are not possible to install any additional software or overclock the miner. But hiveOS team has developed firmware to upload to Antminers S17, which will allow to connect miners to the panel. So these are the steps you need to follow :

1.Download firmware for your Antminer S17

2.Install downloaded firmware

3.Use putty or similar ssh tool login into your miner trough ip address.  default user:root default password:admin

4.When logged in your Antminer S17 , type firstrun -f (this will allow you to connect miner to your hiveOS account)

5.Login into your hiveOS account if you dont have one create new account, then add asic miner and you will receive miner ID

6.Insert this id and password into your Antminer S17 after thge command firstrun -f

7.Your miner should show up in your hiveos account as booted in few seconds.

8.Create a flight sheet and you can control and monitor your mining from hiveos panel now.

Overclocking currently not available from here , but this post will be updated in future as soon as we have found any reliable OC for these miners. But take in mind that these miners has builtin psu , and overclocking will increase power usage for your asic miners. And Overclocking to much mingh burn your PSU.