In this post we will discuss what coins you can mine with Bitmain Antminer S9 (14Th) and have a detailed look at these coins.
Model Antminer S9 (14Th) from Bitmain mining SHA-256 algorithm with a maximum hashrate of 14Th/s for a power consumption of 1372W.
With the SHA-256 algorithm, you can mine many coins, such as Bitcoin, Bitcoin Cash, Peercoin or Terracoin, among which Bitcoin is the cryptocurrency with the highest profit margin. Let’s examine each of the ten coins that can currently be mined with this mining apparatus in more detail.
The prices of all cryptocurrencies mentioned in the article are indicated as of Jan 12, 2023
What is Cryptocurrency?
A cryptocurrency is a type of digital or virtual currency that uses cryptography to protect it from counterfeiting or double spending. A distributed ledger enforced by a dispersed network of computers, blockchain technology is the foundation of many cryptocurrencies.
The fact that cryptocurrencies are typically not issued by a central authority makes them theoretically immune to interference from or manipulation by governments.
Key Takeaways
- Cryptocurrencies are a type of digital asset that are built on a network that is distributed across many computers. They can exist independently of governments and other central authorities thanks to their decentralized structure.
- Blockchain and related technology, according to some experts, will disrupt a wide range of industries, including finance and law.
- The benefits of cryptocurrencies include less expensive and quicker money transfers as well as decentralized systems that do not crash at a single point of failure.
- The drawbacks of cryptocurrencies include their erratic price movements, high energy requirements for mining, and use in illegal activities.
Minable Coins With Antminer S19 XP Hyd (255Th)
Minable Coins with Antminer S19 XP Hyd (255Th) support a number of different coins, with Bitcoin being the most profitable.
Bitcoin (BTC)
- Price: $18,216.53
- Market cap: $382 billion
The coin most commonly mentioned when discussing digital currency is still Bitcoin, which served as the forerunner of the cryptocurrency era. The currency was introduced in 2009 by its enigmatic creator, who is thought to be Satoshi Nakamoto, and since then has experienced a roller-coaster of a ride. The cryptocurrency didn’t, however, become widely known until 2017.
Using the underlying blockchain technology, Bitcoin is the first decentralized digital currency to support peer-to-peer transfers without the use of any middlemen like banks, governments, agents, or brokers. Regardless of location, anyone on the network can send Bitcoins to another user on the network; all you need to do is create an account on the network, deposit some Bitcoins into it, and then you can send the Bitcoins. How do you add Bitcoin to your account? You can either buy them online or mine them.
In addition to being a form of investment, bitcoin can be used for online transactions. Purchasing goods and services is its main purpose.
Bitcoin Advantages
Asset transfers are quicker on the bitcoin network than they are with conventional fiat currencies. As a result of its decentralization and lack of intermediaries, the system also has lower transaction fees. Additionally, it is cryptographically secure in that the sender and receiver’s identities are kept secret and the transactions cannot be forgeried or hacked. Furthermore, the data is all accessible via a public ledger, allowing anyone to view the transactions.
BitcoinCash (BCH)
- Price: $110.60
- Market cap: $2 billion
Bitcoin Cash is a cryptocurrency forked from the original In order to speed up transactions without requiring high fees, Bitcoin increased the block size limit to 8 MB. The name of the payment method and its underlying cryptocurrency are both Bitcoin Cash. 2017 August 1st marked its debut.
BitcoinSV (BSV)
- Price: $ 41.61
- Market cap: $873,916,718
In addition to being a fork of Bitcoin Cash (BCH), Bitcoin SV (BSV) is a full-node implementation. It makes an effort to maintain the stability and massive scalability of the original Satoshi Nakamoto Bitcoin protocol, as laid out in version 0.1 of the cryptocurrency. BSV is the native cryptocurrency of the country.
According to the team behind the project, the name Bitcoin SV represents the “Satoshi Vision,” reflecting the project’s goal to realize the original Bitcoin vision. With the help of a peer-to-peer network, Bitcoin SV was developed at the request of major BCH miners CoinGeek and others. Its goal is to address the issue of double spending. In this scenario, BSV serves as electronic cash similar to Bitcoin for users who contribute to the network.
Proof of work (PoW) consensus is used by BSV and BTC alike; the only distinction is in the size of the blocks.
As the native token of the Bitcoin SV blockchain, BSV serves primarily as a medium of exchange, much like Bitcoin itself.
Acoin (ACOIN)
- Price: $0.004555
- Market cap: $5,558
Acoin isa new investment grade digital currency – more rare than gold. Instantaneously and without fees, you can send, trade, pay, and buy things with Acoin. Acoinproject.org joined in August 2014 and is available everywhere.
Curecoin (CURE)
- Price: $0.009105
- Market cap: $252,027
Similar to Bitcion, Curecoin operates by requiring miners to fold proteins as opposed to tackling difficult mathematical problems.
Making money from hashing is great. However, curing diseases like cancer, Huntington’s, Alzheimer’s, and viruses is fantastic but challenging without Curecoin. It uses SHA256 mining in conjunction with cryptocurrencies. which implies that mining it can aid in the treatment of diseases like cancer. It is a brand-new coin with room to expand. and rise to the top of the cryptocurrency coin rankings. CURE is the symbol for Curecoin. supported and mined by research into cancer treatment.
Joulecoin (XJO)
A cryptocoin that utilizes the SHA-256 algorithm is called Joulecoin (XJO). Based on Bitcoin, Joulecoin is intended to offer immediate confirmations and transaction comments.
Unbreakable (UNB)
- Price: $0.1095
UnbreakableCoin is a SHA256d proof-of-work copy of BTC. UNB is based on Satoshi’s original blueprint for cryptocurrency and is intended to continue where he left off.
EMark (DEM)
- Price: $0.0009108
- Market cap: $191,355
Forked from Litecoin in 2013, Deutsche eMark is a decentralized, open-source cryptocurrency. Originating in Germany, the project is a nostalgic attempt to re-create the country’s old “Deutschmark” as a digital currency.
The Deutsche elektronische Mark is a decentralized digital currency programmed using cryptographic algorithms. A cryptocurrency is a term that also applies to the marriage of cryptography and money. The central organizations required for conventional currencies, like banks, are replaced by cryptography and the mathematics that underpins it. By comparison to well-established systems like the Euro or Dollar, a cryptocurrency is now significantly more efficient and secure. Additionally utilizing the tried-and-true blockchain technology, the eMark facilitates quick, simple, and secure transaction sending and receiving.
Peercoin (PPC)
- Price: $0.3783
- Market cap: $10,576,405
Peercoin (or PPC, PPCoin) is the first cryptocurrency to use both PoW and PoS operations.
Peercoin was developed as an inspiration for bitcoin and uses a lot of the same technical infrastructure.
Terracoin (TRC)
- Price: $0.01463
- Market cap: $614,435
Terracoin is an open source cryptocurrency available on numerous cryptocurrency exchanges. It is comparable to Bitcoin, but it offers quicker transactions and better security thanks to the integration of mining and Dark Gravity Wave difficulty recalculation. Additionally, it features masternode and decentralized governance technologies from DASH.
What is Cryptocurrency Mining?
Mining is a process used to create new coins such as Bitcoin and other cryptocurrencies and to verify transactions involving those coins. Blockchains, which are digital ledgers that record cryptocurrency transactions, are verified and secured by vast, decentralized networks of computers located all over the world.
For using their processing power, computers on the network are rewarded with new coins. The blockchain rewards coins for maintaining network security, and the coins incentivize miners to maintain network security.
What is the Process of Mining Cryptocurrency?
The two objectives of cryptocurrency mining are to create new cryptocurrency and to confirm the validity of already-completed blockchain transactions involving cryptocurrency.
Upon concluding the process of verifying a block of transactions, a miner is paid. What do they get in return for this? fresh cryptocurrencies to fill their wallets.
How to Mine Cryptocurrencies?
A decade ago, cryptocurrency mining was accessible to anyone with a capable home computer. The processing power required to maintain the blockchain, however, has increased along with its size. Because of this, almost all mining is now done by specialized companies or teams of individuals who pool their resources.
Specialized computers carry out the calculations necessary to verify and log each new crypto transaction and maintain the security of the blockchain. The blockchain requires a lot of computing power to validate.
Companies purchase mining machinery and spend money on the electricity needed to keep it running. For this to be profitable, the worth of the coins that have been mined must be higher than the cost of mining those coins.
Why Do Cryptocurrencies Need to Be Mined?
New coins are produced through mining, and old transactions are also verified. If transactions weren’t authenticated, fraudsters might be able to spend cryptocurrencies multiple times at once thanks to the blockchain’s decentralized nature. By reducing such fraud, mining boosts user confidence in the currency.
What Coins Are Worth Mining on ASICs?
Are the top cryptocurrencies for ASIC mining listed somewhere? No, each ASIC model is created for a specific algorithm. This implies that you are unable to mine any coin of your choosing on these devices; instead, you must select the one that best suits the algorithm of your particular device. Because of this, selecting an ASIC should come before selecting a coin. Choose the appropriate model based on the cryptocurrency you wish to mine. Which ASICs are best for mining the most well-known and expensive coins? We’ll explain in this article.
Bitcoin!
Price: over $39,000
Algorithm: SHA-256
Why it is worth mining: due to its high value, The dominant cryptocurrency right now is BTC.
On gadgets that are SHA-256 algorithm-compatible, you can mine BTC. There are a lot of suitable models, and here are some of them:
- Bitmain Antminer S9 / S9k / S9se /T9
- Bitmain Antminer S17 / S17 Pro / S17+/ S17E / T17 / T17+ / T17E
- Bitmain Antminer S19 XP / S19 / S19 Pro / T19
- Bitmain Antminer S15 / T15
- Whatsminer M20S
- Innosilicon T3
Bitcoin Cash!
Price: over $700
Algorithm: SHA-256
Why it is worth mining: BCH is significantly less expensive than BTC, but it is still among the most expensive cryptocurrencies in comparison to the majority of other coins.
Litecoin!
Price: over $190
Algorithm: Scryp
Why it is worth mining: the Scrypt is a very trustworthy algorithm for blockchain.
Zcash!
Price: over $170
Algorithm: Equihash
Why it is worth mining: ZEC is worth quite a bit. Furthermore, you can conduct transactions completely anonymously thanks to the high reliability of this cryptocurrency.
Ethereum!
Price: over $2,800
Algorithm: Ethash
Why it is worth mining: due to its high value, One of the top coins is Ethereum (ETH). You must remember that ETH will soon switch over to a PoS system, though. ASICs and video cards alike will be useless for mining ETH once this occurs and the changes are finally put into place.
Conclusion: Bitcoin is the Most Profitable
Bitmain Antminer S9 (14Th) efficient mining machine to mine cryptocurrencies. You can mine a number of cryptocurrencies using it, including Terracoin, Acion, Curecoin, Joulecoin, Unbreakable, and BitcoinCash. among which Bitcoin is the most profitable currency.
