During the bitcoin boom in 2017, which saw the price of the digital currency rally from $1,000 to $20,000, there was a shortage of graphics cards and bitcoin miners due to the high demand for digital currency mining equipment. Once the digital asset markets started to cool off in early 2018 and mining become less profitable due to an increase in mining difficulties combined with a drop in market prices, used crypto mining rigs become readily available online.
In this guide, you discover how you can mine on a budget using used mining rigs that you can easily purchase online in 2019.
Best Used Mining Rigs
We have compiled a list of seven digital currency miners that can be bought second-hand on major retail platforms such as Amazon. To rank the machines, we looked at the current (used) market price, hash power, how much energy each machine consumes, how user-friendly they are, and when they were originally released.
Check Mining Profitability Before Buying Mining Hardware
Before jumping onto the digital currency mining bandwagon and launching a small at-home mining operation, it is advisable to check mining profitability for the miner(s) you intend to buy and the coins you intend to mine. Digital asset prices change every second and mining difficulties adjust on an ongoing basis. Mining profitability can, therefore, quickly move from profitable to unprofitable.
Hence, it is highly advisable to check mining profitability using specialized online mining calculators, such as the CryptoCompare calculator, before making any purchases.
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- Best Bitcoin Miners, Rated and Reviewed
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