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.


This guide will compare the initial costs, if you're interested in the profitability of an Antminer S9 click here, and if interested in cloud mining profitability click here.

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

4.7 TH/s

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


10.5 TH/s

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


14 TH/s

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

504 MH/s

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

220 KH/s

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

19.3 GH/s

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

What is Bitcoin Mining?

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