You must consider mining bitcoins on ASIC miners.At present Antminer S9 is the best with 14 TH/S speed.It is not available in India, therefore you need to import from its manufacturer in China.It is manufactured by Bitmain, however, it is sold out completely.Also, I am not sure whether it gets delivered in India or not, so better it would be to do your research before you go for such option.I am presently mining through cloud contract of Genesis Mining.This question is difficult to answer because it changes from month to month.The best setup in India is the same as the best setup anywhere.You're looking for racks and racks of the best (in terms of hashrate/$ and hashrate/Watt) new ASICs placed in a cold place with free electricity, cheap rent, and good internet.Bitcoin mining is a highly competitive endeavor, and has been for a number of years now.To turn a profit, one needs access to cheap/free electricity and access to the latest mining hardware.I don't have access to such things, so I'm forced to buy bitcoin when I want to own more.Big coin mining is not so profitable anymore as the size of th block chains have grown over the years.

You really need to have access to cheap electricity and high bandwidth internet connectivity to be successful.And of course the latest and greatest mining rigsDo you want to mine Ethereum?Using an efficient Ethereum mining hardware will significantly reduce your electricity bills and cut down your costs.This article will help you learn more about the best Ethereum mining hardware.Table of ContentsWhat is a GPU Ethereum Miner?How can you find the best GPU and rig?Most efficient GPUs on saleRadeon R9 295X2Radeon R9 HD 7990Radeon RX 480Radeon RX 470Just Want Ethereum?Note: Before you get hardware make your you have Ethereum mining software, an Ether mining pool, and an Ethereum hardware wallet for secure storage of Ether.If you just want Ether then just buy Ethereum.Mining has a lot of setup costs and some technical knowledge is required.In order to mine Ethereum, you will need specialized hardware known as graphics processing unit (GPU).Ethereum’s developers originally intended for it to be mined on computer CPUs but miners later discovered that GPUs gave them more hashing power.So, in the most simplest of terms: a GPU is a specialized Ethereum mining computer.Some GPUs have a higher hash rate than others, while some use more electric power as well.In choosing the most efficient GPU the most important thing is striking a balance between how powerful you want your rig to be and how much you are willing to spend on the GPU itself and the electricity.Many of these costs will vary by country.

Is it cheap to buy GPUs in your country?Since most GPUs are sold on Amazon and eBay, if you live in a country where those retailers ship to then you will likely have an easier time getting the GPUs.Also, what is the cost of electricity in your country?Electricity costs are the deciding factor for most miners.litecoin economicsAs we have seen with Bitcoin mining, miners in China, Iceland, and other places with cheap electricity have a huge advantage!Now that you understand the factors that make GPU rigs good, here is a list and brief description of the most efficient GPUs on sale.Note that the power costs per day numbers used below were based on the global average cost of electricity and the price of Ether on September 16, 2016.For more accurate estimates, use an Ethereum mining calculator and plug in your own numbers.The Radeon R9 295X2 has by far the highest hash rate (46.0 MH/s) of the Ethereum GPUs on the market and will cost you $600.buy bitcoin quora

It has a power cost per day of about $1.44, a return per day of about $1.61 and a cost per MH/s of $13.04.This gives a return per year of $586.43.A Radeon R9 HD 7990 will cost you $680.bitcoin farm malaysiaIts power cost per day is lower than the R9 295X2 at $1.08 but its hash rate is significantly lower at 36 MH/s.litecoin mining with cpuIts return per day is $1.29 while its cost per MH/s is $18.89, giving it a return per year of $469.40.The Radeon RX 480 is most arguably the most economical in terms of cost and saving electricity.bitcoin farm redditIts power cost per day is significantly lower than the two that I have mentioned at $0.4320.ethereum preisIts hash rate is 25.0 MH/s, meaning its cost per MH/s is $7.96.

This gives a return per day of $1.21 and therefore a return per year of $440.91.Radeon RX 480 will cost you $199.A Radeon RX 470 has a modest hash rate of 24.0MH/s.Its power cost per day is exactly the same as the Radeon RX 480 at $0.4320.Its cost per MH/s is $9.13, giving it a return per day of $1.15 and a return per year of $418.16.Radeon RX 470 will cost you $219.Now that you know the best Ethereum mining hardware, get a secure wallet for your Ether.If you don’t want to mine you can always just buy some Ether online.If you just want ether, mining is NOT the best way to obtain them.Buying ether is the EASIEST and FASTEST way to purchase.Get $10 worth of free ether when you buy $100 or more at Coinbase.Guide for Bitcoin & Litecoin mining by Janika Kouki If you are looking to mine Bitcoins or Litecoins with Minergate pool, here are some useful instructions from the member of our team Janika.My name is Janika and I am very fresh in the world of cryptocurrency.I have never tried to mine one of the “major” cryptocurrencies and today I want to prove you that it is not that difficult even for a novice.

Just put your mind to it, I will do my best to help you.First of all, you need to know that your mining performance will depend on your hardware.Litecoin and especially Bitcoin require powerful resources to be mined profitably.There are several possibilities to choose from.First of all, you can use the hashing power of your CPU (central processing unit) or GPU (graphic processing unit), by which I obviously mean graphics card.It is safe to say that you will get better results using the latter, but of course you are free to experiment.The third option appeared in 2013 when hardware developers from China released first ASICs (application-specific integrated circuits) to mine Bitcoin even faster.Simply put, an ASIC is a microchip that makes the required calculations extremely quickly.The first cryptocurrency became quite famous in 2011 when Bitcoin reached the price of about $1000.More and more miners joined the network, the difficulty rose and you could run your hardware for weeks without being able to find a single block mining solo.

It was a waste of power and money, so miners started to gather into mining pools.MinerGate is one of those mining pools.The miners form a network to combine their computing  powers and have a better chance to find a block.The reward is then spread evenly between the participants of the pool depending on the hashes sent.The more powerful hardware you have, the more hashes you will send.The competition is very high, so I strongly advise you to do some research before you start mining any of the coins.There are lots of forums where miners share the results they get, you can also create a topic on our forum and discuss the possible outcome for your hardware.The producers of ASICs usually mention the potential hashrate on the package.I can also advise you to visit the pages with hardware comparison: Miners often ask me how to set up Bitcoin or Litecoin mining on our pool.Well, here is the answer.Bitcoin mining is available on MinerGate in a form of cloud mining contract.It means that you are leasing the power to mine Bitcoin and don’t set up anything yourself.

We’ve covered more on the subject in one of the blog posts.You can create a contract on this page.Download a miner that supports Litecoin mining.There are lots of programs available with console or graphic interface.Your final choice depends only on your personal preferences.Connect to MinerGate pool using this address: 3.The settings may vary depending on the miner, there is no universal recipe here.Usually you can find the information on the website/forum thread where you download the application.Your pool login is the email for your MinerGate account.Instead of password, just enter x.In theory it all seems relatively simple and clear.To prove that anyone can do it, I tried it myself in practice.l am writing this article on a simple laptop, which also became my testing mining rig.Maybe it’s not the perfect machine for mining purposes, although please remember that I do this purely for research.CPU is the only way to mine for me, so I needed to find an application for CPU mining.

It wasn’t that hard: there are multiple solutions available.Of course, GUI miners are easier to use but I refused to cut the corners or look for an easy way, so I downloaded pooler’s CPU miner, which works in console mode.Chrome recognized it as a malicious software, so I went to the advanced settings and disabled protection provided.If you need to do it as well, don’t forget to reenable it after the download, as there are lots of phishing sites, better safe than sorry.At first, it was quite difficult for me to get used to command line interface, although I wanted to prove that any newbie can succeed with the right attitude.I did my research and managed to figure out the settings.The miner I used provides help if you enter –-help, there you can find all the commands available.In my case, the settings looked like this: I pressed Enter and it worked!In a couple of minutes I got the first “yay!”, which means that I found a good share.It was one small step for Litecoin mining history and one giant leap for me.

Q.E.D., I’ve proven it – a complete newbie like me with a regular laptop like mine can actually set up mining of one of the major cryptocurrencies.When the sense of wonder gave place to reason and I got a couple of “booos” (bad shares), I cooled down a bit and decided to calculate my potential income in the MinerGate’s Mining Profitability Calculator.The hashrate my laptop was able to reach for Litecoin was about 14-16 kH/s, which seemed really surprising at first as I could get only about 20-22 H/s for Bytecoin, for example.I entered my best hashrate (16 kH/s) and held my breath… What?Only $0.00047 a day?Okay, still must be more than what I would make of 22 H/s on one of the CryptoNote coins.As you can see, I would have made about 20 times more mining the most profitable CryptoNote currency for that moment even if I had seemingly about 700 times less hashrate than mining Litecoin.What is the trick here?Different algorithms reach very different hashrates on the same hardware.

Bitcoin is based on SHA-256, Litecoin is based on Scrypt and most of the coins from our pool are based on CryptoNote (technically, it’s CryptoNight and CryptoNote is the technology it is based upon).CryptoNote is a solid choice for CPU mining, GPU performance may vary.You can try for yourself and share your results with us.The developers deem the algorithm to be a base for egalitarian cryptocurrencies that anybody can mine, that’s why it is also ASIC-resistant.Read more about the technology on the official CryptoNote website.Hopefully, I was able to give you a rather comprehensive introduction to Bitcoin and Litecoin mining on MinerGate pool.It is not that intricate, although still takes some time and energy to get used to.All you need to do is to dedicate some time to research and I’m sure you will find a perfect match for you and your hardware on our pool.Download our miner to start your journey.We are always happy to share our experience with the new miners, just contact our support team or ask your question in the chat to our support members or moderators.