What Coins Can You Mine With Bitmain Antminer S9 (14Th) 2023 Guide

In this post we will discuss what coins can you 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 The cryptocurrency with the highest profit margin is Bitcoin. Now let’s take a closer look at each of the ten coins that can currently be mined with this mining device.

The prices of all cryptocurrencies mentioned in the article are indicated as of Jan 12, 2023.

What is Cryptocurrency?

A type of digital or virtual currency known as a cryptocurrency uses cryptography to prevent fraud and double spending. Blockchain technology is the backbone of many cryptocurrencies. It is a distributed ledger that is maintained by a dispersed network of computers.

Cryptocurrencies are typically not issued by a central authority, which theoretically protects them from interference or manipulation by governments.

Key Takeaways

• A type of digital asset known as a cryptocurrency is constructed on a network spread across numerous computers. Because of their decentralized structure, they can exist without the help of governments or other central authorities.
• Some experts predict that blockchain technology will have a significant impact on a variety of industries, including finance and law.
• One advantage of cryptocurrencies is their decentralized nature, which prevents them from crashing at a single point of failure. Another advantage is cheaper and quicker money transfers.
• A few disadvantages of cryptocurrencies are their volatile price swings, high energy usage during mining, and use in illicit activities.

Minable Coins With Antminer S9 XP Hyd (255Th)

Several different coins are supported by Antminer S19 XP Hyd (255Th), with Bitcoin being the most lucrative.

Bitcoin (BTC)

• Price:$18,216.53
• Market cap:$382 billion

Because it was the first cryptocurrency, Bitcoin is still the coin that is most frequently brought up when talking about digital money. The mysterious Satoshi Nakamoto, who is believed to be the currency’s creator, introduced it in 2009, and since then it has taken a wild ride. However, it wasn’t until 2017 that the cryptocurrency attained widespread acclaim.

The first decentralized digital currency to support peer-to-peer transfers without the use of any middlemen like banks, governments, agents, or brokers is Bitcoin, which uses the underlying blockchain technology. Any user on the network, regardless of their location, has the ability to send Bitcoins to another user on the network; all that is required is the creation of a network account and the deposit of some Bitcoins before sending any Bitcoins. How does one add bitcoin to an account? They can be mined or purchased online.

Bitcoin is a cryptocurrency that can be used for online transactions in addition to as a means of investment. Its main objective is to make purchases of goods and services.

Bitcoin Advantages

Transferring assets takes less time on the bitcoin network than it does with traditional fiat currencies. Lower transaction fees are another benefit of the system’s decentralization and absence of intermediaries. It is additionally cryptographically secure in that the identities of the sender and receiver are concealed and the transactions cannot be forgeried or hacked. Additionally, everyone can view the transactions because the data is all accessible through a public ledger.

BitcoinCash (BCH)

• Price:$110.60
• Market cap:$2 billion

Bitcoin Cash is a cryptocurrency forked from the original The block size limit for Bitcoin was raised to 8 MB in order to speed up transactions without charging exorbitant fees. Both the payment method and the underlying cryptocurrency are called Bitcoin Cash. 2017 It made its debut on August 1.

BitcoinSV (BSV)

• Price:$ 41.61
• Market cap:$873,916,718

Bitcoin SV (BSV), which forked off from Bitcoin Cash (BCH), also functions as a full-node implementation. The original Satoshi Nakamoto Bitcoin protocol, as outlined in version 0.1 of the cryptocurrency, aims to maintain the stability and enormous scalability. The nation’s official cryptocurrency is BSV.

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 SV was created at the request of significant BCH miners CoinGeek and others with the aid of a peer-to-peer network. Double spending is a problem that it aims to solve. For users who contribute to the network, BSV acts as electronic cash similar to Bitcoin in this scenario.

BSV and BTC both employ proof of work (PoW) consensus; the only difference is the size of the blocks.

Similar to how Bitcoin itself functions, BSV, the native token of the Bitcoin SV blockchain, primarily acts as a medium of exchange.

Acoin (ACOIN)

• Price:$0.004555
• Market cap:$5,558

Acoin isa new investment grade digital currency – more rare than gold. Acoin can be used to send, trade, pay, and purchase items instantly and without any fees. It is possible to access Acoinproject.org anywhere as of August 2014.

Curecoin (CURE)

• Price:$0.009105
• Market cap:$252,027

Similar to Bitcion, Curecoin operates by requiring protein folding as opposed to challenging mathematical problems from miners.

Hashing can be a great source of income. Nevertheless, without Curecoin, treating ailments like cancer, Huntington’s, Alzheimer’s, and viruses is fantastic but difficult. It combines cryptocurrency mining with SHA256. which implies that mining it can aid in the treatment of diseases like cancer. It’s a fresh coin with room to grow. and rise to the top of the cryptocurrency coin rankings. The Curecoin logo is CURE. supported and mined by research into cancer treatment.

Joulecoin (XJO)

Joulecoin (XJO) is a cryptocurrency that uses the SHA-256 algorithm. The goal of Joulecoin, a Bitcoin-based cryptocurrency, is to provide instant confirmations and transaction comments.

Unbreakable (UNB)

• Price:$0.1095

A SHA256d proof-of-work copy of Bitcoin, called UnbreakableCoin. UNB is designed to carry on from where Satoshi left off and is based on his initial blueprint for cryptocurrencies.

EMark (DEM)

• Price:$0.0009108
• Market cap: $191,355

Deutsche eMark is a decentralized, open-source cryptocurrency that was forked from Litecoin in 2013. 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. The term “cryptocurrency” also refers to the union of money and cryptography. Cryptography and the underlying mathematics replace the central organizations needed for traditional currencies, such as banks. A cryptocurrency is now significantly more efficient and secure than well-established systems like the Euro or Dollar. The eMark enables quick, easy, and secure transaction sending and receiving by utilizing blockchain technology, which is also tried and true.

Peercoin (PPC)

• Price:$0.3783
• Market cap:$10,576,405

Peercoin (or PPC, PPCoin) is the first cryptocurrency to use both The PoW and PoS protocols.

Peercoin, which shares much of the same technical infrastructure as bitcoin, was created as an inspiration for bitcoin.

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 due to the incorporation of mining and Dark Gravity Wave difficulty recalculation, it provides faster transactions and better security. It also includes DASH masternode and decentralized governance technologies.

What is Cryptocurrency Mining?

In order to create new coins like Bitcoin and other cryptocurrencies as well as to confirm transactions involving those coins, mining is a process. Blockchains are global, decentralized networks of computers that verify and secure digital ledgers that record cryptocurrency transactions.

Computers connected to the network are compensated with fresh coins for using their processing power. For preserving network security, the blockchain awards coins, and the coins encourage miners to preserve network security.

What is the Process of Mining Cryptocurrency?

Producing new cryptocurrency and establishing the reliability of previously completed blockchain transactions involving cryptocurrency are the two goals of cryptocurrency mining.

A miner receives payment after completing the process of verifying a block of transactions. In exchange for this, what do they receive? fresh cryptocurrencies to fill their wallets.

How to Mine Cryptocurrencies?

Ten years ago, anyone with a powerful home computer could participate in cryptocurrency mining. The blockchain’s size has, however, grown along with the amount of processing power needed to maintain it. The majority of mining is now carried out by specialized businesses or groups of people who pool their resources.

To verify and log each new crypto transaction and uphold the blockchain’s security, complex calculations are performed by specialized computers. A lot of computing power is needed to validate the blockchain.

Companies spend money on the equipment needed to operate mining operations as well as the electricity. In order for this to be profitable, the value of the mined coins must exceed the cost of mining those coins.

Why Do Cryptocurrencies Need to Be Mined?

Mining creates new coins while also verifying earlier transactions. Because the blockchain is decentralized, fraudsters might be able to spend cryptocurrencies multiple times at once if transactions weren’t authenticated. The reduction of this fraud increases user confidence in the currency.

What Coins Are Worth Mining on ASICs?

Are there any lists of the best cryptocurrencies for ASIC mining? No, each ASIC model was developed for a particular algorithm. This suggests that you cannot mine any coin on these devices; rather, you must choose the one that best complements the algorithm of your specific device. Therefore, choosing an ASIC should come before choosing a coin. In accordance with the cryptocurrency you want to mine, pick the appropriate model. What ASICs perform the best when mining the most prestigious and expensive coins? In this essay, we’ll explain.

Bitcoin!

Price: over $39,000
Algorithm: SHA-256
Why it is worth mining: due to its high value, Bitcoin (BTC) is currently the most popular cryptocurrency.

You can mine BTC on devices that are SHA-256 algorithm compatible. There are a lot of suitable models, and here are some of them:

• Bitmain Antminer T9 / S9 / S9k / S9se
• 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: Even though BCH is significantly less expensive than BTC relative to the majority of other coins, it is still among the most expensive cryptocurrencies.

Litecoin!

Price: over $190
Algorithm: Scryp
Why it is worth mining: the Scrypt is a very reliable blockchain algorithm.

Zcash!

Price: over $170
Algorithm: Equihash
Why it is worth mining: ZEC has a high value. Furthermore, because of this cryptocurrency’s high level of dependability, transactions can be completed completely anonymously.

Ethereum!

Price: over $2,800
Algorithm: Ethash
Why it is worth mining: due to its high value, Ethereum (ETH) is a popular cryptocurrency. However, keep in mind that ETH will soon transition to a PoS system. Once this occurs and the changes are finally implemented, ASICs and video cards will both be useless for mining ETH.

Conclusion: Bitcoin is the Most Profitable

Bitmain Antminer S9 (14Th) efficient mining machine to mine cryptocurrencies. Terracoin, Acion, Cure, Joule, Unbreakable, and BitcoinCash are just a few of the cryptocurrencies you can mine with it. among which The best currency to use is bitcoin.

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