Cryptocurrency mining

Cryptocurrency mining has become a popular way to earn digital assets, and with the right equipment, it can be highly profitable. In this guide, we’ll focus on Scrypt miners, specifically the Antminer L9 (16Gh) and Goldshell E-DG1M, which are among the most profitable scrypt miners on the market. We’ll show you how to mine the most profitable coins and convert them to Bitcoin using Nicehash, ultimately getting paid in Bitcoin. 

Understanding Scrypt Mining. 

 Scrypt mining is a type of cryptocurrency mining that uses the Scrypt algorithm. Unlike the more common SHA-256 algorithm used by Bitcoin, Scrypt is designed to be more memory-intensive, which helps to reduce the advantage of ASIC miners and makes it more accessible to individual miners. The key benefits of Scrypt mining include lower competition and greater energy efficiency, making it an attractive option for those looking to enter the mining space. 

Introducing the Antminer L9 (16Gh) and Goldshell E-DG1M 

 

Antminer L9 (16Gh)

Algorithm: Scrypt 

Hashrate: 16000 Mh/s 

Power Consumption: 3060W 

Estimated Daily Earnings: R616.31 

Estimated Monthly Earnings: R18375.71 

Net Profit: R18375.71 (assuming no power cost) 

 

 

Goldshell E-DG1M 

Algorithm: Scrypt 

Hashrate: 3400 Mh/s 

Power Consumption: 1800W 

Estimated Daily Earnings: R130.97 

Estimated Monthly Earnings: R3981.34 

Net Profit: R3981.34 (assuming no power cost) 

 

Both miners can mine coins like DigiByte (DGB), Litecoin (LTC), Dogecoin (DOGE), and several others.

 

 

Setting Up Your Scrypt Miner 

  • Create a Nicehash Account: Sign up for an account on the Nicehash website. 
  • Bitmart will set up the miner so that when you receive the unit, it will be plug-and-play and will mine through Nicehash, which will automatically convert your earnings to Bitcoin and pay you out. 

 

Start Mining: Begin mining the most profitable Scrypt coins.

 

Nicehash  

Click here to create a Nicehash account: Nichehash

 

Calculating Profitability 

To calculate the profitability of your mining operation, consider the following factors: 

Hashrate: The higher the hashrate, the more coins you can mine. 

Power Consumption: Calculate your electricity costs based on the power consumption of your miner. 

Market Prices: The value of the mined coins and Bitcoin can fluctuate, affecting your profitability. 

For example, with the Antminer L9 (16Gh), you can earn currently an estimated R18375.71 per month, while the Gold Shell can earn you R3981.34 per month, assuming no power costs. 

 

Getting Paid in Bitcoin 

Once you’ve mined the coins and they’ve been converted to Bitcoin through Nicehash, you’ll need a secure wallet to store your earnings. Here’s how to manage your Bitcoin: 

Choose a Bitcoin Wallet: Select a reliable Bitcoin wallet provider. 

Transfer Earnings: Transfer your Bitcoin earnings from Nicehash to your wallet. 

Secure Your Wallet: Ensure your wallet is secure by enabling two-factor authentication and keeping your private keys safe. 

Trezor Model T

 

Visit Bitmart’s Hardware Wallet Shop to explore the different hardware wallets available for safely storing your crypto.

 

Conclusion 

Using Scrypt miners like the Antminer L9 (16Gh) and Goldshell E-DG1M can be a profitable venture, especially when combined with Nicehash to convert your earnings to Bitcoin. Start mining today and take advantage of the high profitability these miners offer. 

For more information or to purchase the Antminer L9 (16Gh) or Goldshell E-DG1M,

Give us a Call on 0870953431 

WhatsApp : 0726108682   

email : sales@bitmart.co.za

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