If you are mining cryptocurrencies, you need to keep a constant eye on the electricity consumed by your mining rig to calculate the profitability of your rig. As the profit margins are getting smaller and smaller with the rising cost of mining hardware and declining cryptocurrencies prices, to keep an eye on your electricity consumption is more than mandatory. But how to do that? For this, you need the best energy meter for crypto mining.
To make it easier for you, we have listed one of the best available in the market – the Kasa Smart Wi-Fi Plug w/Energy Monitoring by TP-Link.
What is the Best Energy Meter for Crypto Mining?
First, there are a lot of good options available in the market that allows you to monitor the electricity consumed by your mining right. But again, there is always the best, and the same if the case with energy meters.
For us, the best energy meter for crypto mining is the TP-LINK KAsa Smart Wi-Fi Plug Energy Monitor.
Next question, why do we believe it is the best? Read ahead to learn about the reasons.
TP-LINK Kasa Smart Wi-Fi Plug Energy Monitor
If you are reading this article, the chances are, you are not mining for fun, but for making money. To make sure your mining rig is performing at optimum level for profitability, you need to calculate the cost of running a mining rig.
Usually, the more GPUs you use, the more powerful your rig is, the more electricity consumes. But if you are optimizing your rig for energy consumption, you first need a gadget that can precisely calculate the electricity your rig is consuming.
The best energy meter for crypto mining is the Kasa Smart Wi-Fi Plug Energy Monitor by TP-LInk.
Why Kasa Smart Wi-Fi Plug Energy Monitor by TP-LINK is the Best?
It is best because it is a smart device. The product also comes with a very easy-to-use app that allows you to keep an eye on energy consumption on your mobile device. In addition, it also works with Amazon Alexa and Google Assistant.
This smart energy monitor also allows you to control the on and off option from your mobile device. If you have smart home devices like Amazon Alexa, you can also use voice control features. It also provides you precise real-time information 24/7 on the energy consumption on your mobile. This makes it very convenient for miners to keep track.
The mobile app also allows you to schedule the on and off features, in case, you want to mine during the hours when the electricity rate is low. You also need a secured 2.4 GHz Wi-Fi network to use this one.
- The thickness if only 1.5 inches, which makes it smaller than other similar devices
- Doesn’t require any hub to use
- Very easy to use plug-in design. Simply insert the power source of your rig into the device’s socket to start monitoring the electricity consumption.
The Final Words
Simply put, this is a simple device yet very advanced and modern. It weighs only 5.3 ounces and has durable built. On top of all that, it is manufactured by the number one Wi-Fi company, TP-Link.