One of the world’s most profitable and inventive industries is Bitcoin mining. According to research, cryptocurrency mining generated $3 billion in revenue during the peak of the latest bull market in April 2021, implying that cryptocurrency miners earned $100,000,000 per day on average.
Just five years ago, the average daily revenue of the crypto mining sector was around $1 million. With a surge of approximately 10,000% in a short period of time, cryptocurrency mining has become one of the world’s fastest-growing markets. Because it has gotten so lucrative, it has also become incredibly competitive, making investing in cutting-edge Bitcoin mining hardware imperative.
ASICs – specialized Bitcoin mining hardware located in temperature-controlled data centers with low power – are now the only means of mining Bitcoin. After CPUs, GPUs, and FPGAs, ASICs are the next stage in crypto mining advancement since they can do the same thing much more efficiently and profitably.
The time has long since passed when anyone could successfully mine cryptocurrencies from the comfort of their own homes using their personal computers. An ASIC miner is the most efficient option for mining digital currencies like Bitcoin, Litecoin, DASH, and many others.
Between 2020 and 2024, the global crypto mining hardware market is expected to grow to more than USD 2.80 billion due to the growing revenue of cryptocurrency mining operations. Since businesses increasingly accept cryptocurrencies, huge semiconductor companies have invested heavily in mining-specific equipment. China has seen an increase in demand for equipment developed there.
It is expected that these developments in the cryptocurrency mining hardware market would positively impact mining profitability by raising the overall level of market competition. Bitcoin mining can be rewarding if you use the proper crypto mining hardware. Reading this article, you can learn about the advantages and drawbacks of the top five ASIC mining machines.
ASICs are in great demand and pricey as more people and companies enter the crypto mining market. The effectiveness of an ASIC is the most critical factor to examine before making a purchase – how many BTC can be created per day after deducting expenditures like power and pool fees?
You’ll get your money back faster if you get an efficient ASIC. A high-quality PSU (power supply) is frequently needed in addition to the AIC unit for maximum efficiency.
To help you in selecting, we’ve provided information on each device’s current prices, hash rates, and power consumption. Our evaluation of the most effective Bitcoin mining ASIC hardware takes into account a variety of criteria, including functionality, reputation in the industry, and ease of use.
Even though we’ve covered a wide range of ASICs in this post, you may still be wondering where to purchase them. Bitcoin mining machines are offered by CoinMiningDirect (headquartered in Sweden but with an American warehouse), which distributes low-cost and reliable crypto mining hardware. When purchasing an ASIC stated below, CoinMiningDirect seems to be the best alternative because they aim to make mining devices more affordable for the general population.
The fast shipping was also a plus.
AvalanMiner 1166 Pro
Quick overview:
- Price: $2,200-$2,850
- Hash power: 81 TH/sec
- Power consumption: 3.4KW
As a result of its high hash rate and low power consumption, the AvalonMiner A1166 Pro has become a trendy mining device. At 81TH/s, the AvalonMiner 1166 Pro requires 3276W of power. The device is inexpensive, but it also has one of the most effective rates of turning energy into hash power, making it one of the most cost-effective ASICs available.
With today’s energy and crypto pricing, the AvalonMiner A1166 Pro is expected to be profitable at $2.77 per day, $83.10 per month, and $1,011.05 per year, making it one of the most profitable ASICs. It’s a terrific choice for beginner miners who want to join the cryptocurrency mining scene and are seeking their first mining hardware.
To keep the price low, Canaan has sadly made some compromises, as only 180 days of warranty are provided. It’s also necessary to obtain at least five machines to get the Avalon Miner A1166 Pro directly from the manufacturer. The five A1166 Pros could create 405 TH/s and 115 USD daily.
Antminer A1166 Pro’s noise output is significantly higher than other ASICs, making it a better choice for large-scale cryptocurrency mining operations than hobbyists and start-ups.
Canaan AvalonMiner 1246
Quick overview:
- Price: $4,000-$5,300
- Hash power: 90Th/sec
- Power consumption: 3.43KW
With a significant market presence and excellent reputation, Canaan has proven its expertise in the world of crypto mining over the years. The AvalonMiner 1246 is Canaan’s top-of-the-line machine. AvalonMiner 1246 is comparable to the Bitmain Antminer S19 and the Whatsminer M30S in terms of its 90 TH/s throughput.
However, the AvalonMiner 1246’s price is one of its significant drawbacks. It costs approximately $5,500, considerably higher than Bitmain and MicroBT’s products.
The Canaan AvalonMiner 1246 is an excellent choice if you can access a cheap electricity supply. AvalonMiner 1246 will let you recoup your initial investment in just two years, based on the US median electricity price of $0.12/kWh.
With only 3420W of power consumption, AvalonMiner 1246 is the ideal ASIC for those searching for a high-profit ASIC. Compared to the WhatsMiner M30S and the Antminer S19, it is noticeably quieter when mining with this device.
Keep in mind that the AvalonMiner 1246 works best between a temperature range of -5°C and 35°C (23°F to 95°F).
Bitmain Antminer S19 Pro (110TH/s)
Quick overview:
- Price: $9,799.95 – $12,999
- Hash power: 110TH/sec
- Power consumption: 3,250W
The Bitmain Antminer S19 Pro is one of the most complex ASICs on the market. It is an ideal choice for Bitcoin mining hardware if you have access to cheap electricity. However, its availability is restricted, and its initial pricing can be expensive. The S19 achieves a good balance of power and price, while the S19 Pro variant can provide an even more impressive 115 TH/s if you can fund it.
Bitmain Antminer is an excellent alternative if you want to mine whatever cryptocurrency you want with maximum efficiency and for the least amount of money possible. Although the Antminer S19 Pro is the most advanced, Antminer S19, Antminer T1, Antminer S17, and the Antminer S9 are all worth a look if you’re searching for something a little less expensive.
As with the original S19, the S19 Pro is straightforward to set up and operate. Simply enter your mining pool’s credentials into the Antminer’s MinerLink GUI, and you’re ready to go. But it is vital to know that Antminer S19 Pro’s only connection option is Ethernet.
You may find this helpful if you anticipate power disruptions, as the device begins working immediately when it is turned on. It is estimated that Bitmain Antminer S19 Pro can make a profit of around $2,000 per year based on the present state of the crypto market.
Ebang EBIT E11++
Quick overview:
- Price: $2,024
- Hash power: 44 TH/sec
- Power consumption: 2KW
While utilizing 1.98KW of power, the Ebang Ebit E11++ has a peak hash rate of 44TH/s. Even at a lower hash rate than the competition, it’s an excellent ASIC for those looking for a device that consumes less energy.
The Ebang Ebit E11++ can be the ideal solution for you if you reside in a place with expensive energy bills. Additionally, a unique heatsink with contemporary bonds is used to give an exceptional heat dissipation rate in conjunction with a highly efficient power supply.
The Ebang Ebit E11++, like many low-cost ASICs, is also quite noisy. For miners who prefer to keep their mining appliances in their homes, this device has a noise level of 75 dB, which isn’t ideal.
The E11++ line features a 10-nanometer chipset and a one-year warranty (one for the controller and six months for the machine). Another characteristic of lower-priced ASICs is their short guarantee period.
Despite being released in 2018 and still profitable, the Ebang Ebit E11++ is expected to have a profit ratio of 78% and an annual return of 77%. Although the E11++’s performance and results are adequate for crypto miners looking for an ASIC that consumes a comparatively low amount of energy, the AvalonMiner A1166 Pro has a substantially higher hash rate efficiency.
Whatsminer M3OS++
Quick overview:
- Price: $9,900 – $14,000
- Hash power: 112Th/sec
- Power consumption: 3.472KW
The Antminer S19 Pro and the WhatsMiner M30S++ produce throughputs of 112 TH/s, making them direct competitors. While the Antminer S19 Pro is more expensive than the WhatsMiner M30S++, MicroBT’s online store has it for just $3,250.
The M30S++ will enable you to earn $3,611 a year while spending roughly $3,600 a year on power with the average US electricity costs. The WhatsMiner M30S++ consumes 3472W and runs at a 38 J/TH efficiency, just like the earlier WhatsMiner M30. Operating at temperatures ranging from -5 degrees to 35 degrees Celsius (23 degrees to 95 degrees Fahrenheit) is most efficient.
Because they are smaller and use less energy, the M30S machines have a lower hash rate than the Antminers. In addition, they utilize more power and convert it into terahashes with reduced efficiency.
But in the long run, MicroBT’s WhatsMiner offers more hashing power for the money spent. WhatsMiner ASICs also have the advantage of being considerably more straightforward to purchase than Antminers.
With a far lower starting cost than Antminers, the WhatsMiner M30S line is an excellent Bitcoin miner.
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