Antminer vs HashFlare vs CCG Mining (March 2018)
Before you start mining Bitcoin, you have to decide where to buy your hashpower from. You might want to invest a certain amount of money, perhaps $300 or $3000; or you might just want a particular hashrate, say 14TH/s.
Based on what you want, different approaches may be more suitable. This guide compares how expensive hashrate is when buying a Bitcoin miner yourself (e.g. an Antminer S9) to cloud mining companies like HashFlare.
Any links on this guide may be affiliate links, so we'll earn some money if you use them.
One thing to keep in mind - when running your own miner you'll have to pay for electricity, which varies between around $0.08/kWh in parts of the US and Asia, right up to $0.30/kWh in parts of Europe. So if you live somewhere with expensive electricity, cloud mining may be more suitable; equally if it's very cheap where you live buying an Antminer may be better.
Bitcoin (SHA-256) Hashrate Cost Comparison
Antminer S7: currently $499 on Amazon
HashFlare: $508 for 1 year of mining, $1.65 daily fee
CCG Mining: $1010 for 1 year of mining, $1.60 daily fee
Antminer T9+: currently $1,299 on Amazon
HashFlare: $1,134 for 1 year of mining, $3.69 daily fee
CCG Mining: $2,257 for 1 year of mining, $3.57 daily fee
Antminer S9: $1,915 from supplier, currently $1,708 on Amazon; average $1,812
HashFlare: $1,512 for 1 year of mining, $4.90 daily fee
CCG Mining: $3,010 for 1 year of mining, $4.76 daily fee
Litecoin (SCRYPT) Hashrate Cost Comparison
Antminer L3+: $1,396 from supplier, currently $1,436 on Amazon; average $1,416
HashFlare: $1,452 for 1 year of mining, $2.52 daily fee
CCG Mining: $5,746 for 2 years of mining, no daily fee
On 15th March 2018 Bitmain released the Antminer X3, an ASIC miner for CryptoNight (the algorithm Monero currently uses). Be aware that because of this Monero will likely change their mining algorithm to deter this ASIC, which would effect any Monero cloud mining contracts. Cloud mining companies may allow you to mine other CryptoNight-based coins, but you'll be competing with the X3, which is as much as 87x better value for money (so the difficulty will go up significantly).
Monero (CryptoNight) Hashrate Cost Comparison
Antminer X3: $1,900 from supplier
CCG Mining: $165,000 for 2 years of mining, no daily fee
Since the Antminer D3 came out, profitability for mining Dash has gone down massively - hence the massive cost differences below.
Dash (X11) Hashrate Cost Comparison
Antminer D3: currently $799 on Amazon
HashFlare: $61,760 for 1 year of mining, no daily fee (OUT OF STOCK)
CCG Mining: $104,606 for 1 year of mining, no daily fee
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April 17th, 2018
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Written by the Anything Crypto team
We first discovered Bitcoin in late 2016, and wanted to get everyone around us involved. But no one seemed to know what it was! We made this website to try and fix this, to get everyone up-to-speed!
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