10 Best ASIC Miners for Mining Cryptocurrency in 2023

Review and compare the best ASIC Miners for mining Cryptocurrency and select the best ASIC miner for mining Bitcoin and other cryptocurrencies:

Here is the list of the best ASIC miners for mining cryptocurrency:

1. Antminer S19 Pro
2. WhatsMiner M30S++
3. AvalonMiner 1246
4. Whatsminer M32
5. AvalonMiner 1166 Pro
6. Ebang EBIT E11++
7. Dragonmint T1
8. Innosilicon A10pro
9. ASCIminer 8 Nano
10. Bitmain Antminer S17

Given their high level of efficiency, Application-Specific Integrated Circuit (ASIC) devices, or rigs, as they are known when assembled during mining, are the most effective for mining cryptocurrencies. They were created especially for mining.

You can find ASICs for a particular algorithm because they are each designed to mine that algorithm specifically. This implies that all ASICs designed for mining Bitcoin can also mine all other cryptocurrencies that employ algorithms similar to those of Bitcoin.

This tutorial covers the top ASICs on the market today and how to use them to mine cryptocurrencies. For mining Bitcoin, Ethereum, and other cryptocurrencies using the SHA-256 and ETHASH algorithms, we’ve compiled a list of the best Application-Specific Integrated Circuit miners.

List of Top ASIC Cryptocurrency Miners

#1) Antminer S19 Pro

Antminer S19 Pro – Best for most profitable The mining of cryptocurrencies using the SHA-256 algorithm using an ASIC.

The most profitable ASIC miner for Bitcoin and the SHA-256 algorithm at the moment is the Antminer S19 Pro. It is a popular option among Bitcoin mining businesses and individuals because it is produced by Bitmain, a top manufacturer of mining hardware.

The efficiency offer of 29.7 J/TH made by this equipment is unlikely to be beaten by many other devices. The device is made with a second-generation, next-generation 5nm chip specifically designed for SHA-256 mining.

It is without a doubt the most cost-effective and productive mining device on the market right now when compared to the other devices on this list. Even though it is heavier, it also outperforms the other S19 Series product, the S19.

If you’re wondering how much money you could make using this ASIC Bitcoin mining equipment, you could make $12 per day at a $0.1/kilowatt electricity cost.

You anticipate that this device will use just $7.80 per day of power while earning $37.23 in revenue. A $10,741.95 profit is the result. 195 percent of the investment is returned annually. A 186-day payback period is provided with the device.

Weight: 15,500 g
Noise Level: 75db
Temperature: 5 – 45 °C
Maximum Hash rate: 110 Th
Power consumption: 3250 W (±5%)
Price: $2,860

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#2) WhatsMiner M30S++

Best for high efficient Bitcoin mining.

This machine is one of the few top Bitcoin ASIC miners that can manage a power efficiency of 31J/TH (joules per Tera hash), making it a top performer. It measures about 16.875″ length by 5.75″ width by 8.8125″ height. Testing shows that when the device is in use, the power efficiency, power consumption, and hash rates do not vary by significant amounts. The algorithm used for mining Bitcoin and more than ten other cryptocurrencies is SHA-256.

Compared to the Whatsminer M30S+, the device is more effective. It is made by MicroBT, a company with headquarters in Shenzhen, and comes with a plastic construction, a 6-month warranty, and a 135-day payback period. Through LAN, it connects to the computer.

Weight: 10,500 g
Noise Level: 75db
Temperature: -5 – 35 °C
Maximum Hash rate: 112TH/s±5%
Power consumption: 3472 watts+/- 10%
Price: $3,999

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#3) AVALONminer 1246

Best for reliable and managed ASIC mining.

The ASIC mining device is made by Canaan, a well-known manufacturer of Bitcoin mining equipment with a high power requirement. With this miner, you can mine Bitcoin and other SHA-256 algorithm coins with a 38J/TH power efficiency.

Reliability is guaranteed by the integrated design of the Avalonminer 1246. A 285V, 16A, 50Hz–60Hz AC power supply is used. It easily fits, even in a cabinet, with its dimensions of 331 mm X 195 mm X 292 mm.

Additionally, for better cooling, the device includes two 12038 cooler master fans that can withstand high temperatures. Two seven-bladed fans are mounted on the front to draw in air, and the fan’s design and integration keep dust from building up on the dashboard.

By doing so, the risk of short-circuiting while using the device is further reduced. The device has an automatic alert feature that will notify you if there is a malfunction that affects the hash rate. It will turn off on its own.

The device also has a built-in chip that uses clever algorithms to analyze the hash rate and identify instances of hash rate fluctuations.

Weight: 12,800 g
Noise Level: 75db
Temperature: -5 – 35 °C
Maximum Hash rate: 90Th/s
Power consumption: 3420W
Price: $3,890

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#4) WhatsMiner M32

Best for non-profitable mining of coins that use the SHA-256 algorithm.

Despite having a low profitability rate, this device can efficiently mine SHA-256 algorithms at 0.054 j/Gh. As a result, we can use it to mine ASIC versions of Bitcoin, Bitcoin Cash, Bitcoin BSV, Peercoin, eMark, Unbreakable, Joulecoin, Curecoin, and Acoin. Its dimensions are 230, 350, and 490 mm.

Although the noise level discourages application in residential areas, it has two fans to help with cooling.

With this equipment, you anticipate a monthly loss of $12.47 at a profitability rating of $0.42/day. It can be linked to SlushPool, NiceHash, Poolin, AntPool, ViaBTC, and pretty much any other mining pool that supports SHA-256 ASIC mining.

Weight: 10,500 g
Noise Level: 75db
Temperature: -5 – 35 °C
Maximum Hash rate: 68TH/s +/- 5
Power consumption: 3312 watts +/- 10%
Price: $3,557

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#5) AvalonMiner 1166 Pro

Best for high hash rate mining.

The SHA-256 cryptocurrencies Bitcoin, Bitcoin Cash, Bitcoin SV, and others are mined using AvalonMiner 1166 Pro. It was introduced in August 2020 and, when compared to the majority of the devices on this list, manages a significantly higher hash rate and power consumption.

Given that it is produced by Canaan, a leader in mining hardware and one of China’s National high-tech enterprises, it is a well-known Bitcoin ASIC mining device.

The device, which has a 16 nm size and an efficiency of 0.042 j/Gh, is still a profitable piece of Bitcoin ASIC mining hardware as of today. Additionally, it has four fans for cooling. Depending on the price of electricity where you live, you can anticipate that this appliance will emit $2.77 per day, $83.10 per month, and $1,011.05 per year.

Weight: 12800g
Noise Level: 75db
Temperature: -5 – 35 °C
Maximum Hash rate: 81TH/s
Power consumption: 3400 watts
Price: $3,000

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#6) DragonMint T1

Best for low temperature ASIC mining.

The Halong Mining Company produces the DragonMint T1 ASIC mining machine, which uses the SHA-256 algorithm. The company worked with a Bitcoin Core developer to make it, and it was published in 2018. It can mine 7 additional cryptocurrencies that utilize this algorithm in addition to Bitcoin, Bitcoin Cash, and Bitcoin SV.

FCC, EMC, LVD, and CE certification for power units is one of their features. It has a temperature control mechanism that allows it to stay cool even during lengthy mining sessions. Two 240V, 1480W, 9-blade fans are used by the apparatus. By doing so, they guarantee that the device’s temperature doesn’t rise above 77 degrees Fahrenheit.

Weight: 6000 g
Noise Level: 75db
Temperature: 0 – 40 °C
Maximum Hash rate: 16 Th/s
Power consumption: 1,480 W
Price: $2,729

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#7) Innosilicon A10 Pro

Best for Ethereum mining.

The first is an Innosilicon A10 Pro+, which outperforms this ASIC mining device by hummering at 750 MH/s. The device is sold by the manufacturer, Innosilicon, with a 121-day payback period. It is a mining device for the Ethash algorithm used to mine Ethereum. Its dimensions are 136 x 282 x 360 mm, and it was released in 2020.

It has a 10 A power rating and a LAN connection. It is among the most profitable Ethereum miners available right now, according to reviews of ASIC mining equipment for Ethereum. You can anticipate the machine to make a profit of about $34.78 per day, $1,043 per month, and $12,521 per year, depending on the cost of electricity. This places the machine’s efficiency at about 1.92 j/Mh.

Weight: 8100g
Noise Level: 75db
Temperature: 0 – 40 °C
Maximum Hash rate: 500MH/s (± 5%)
Power consumption: 950w (+/- 10%).
Price: $2,580

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#8) ASICminer 8 Nano

Best for residential mining.

The ASICminer 8 Nano has a long lifespan of up to 50,000 hours while mining cryptocurrencies. Given its extremely low noise level in comparison to the other machines on this list, it is arguable that the machine will continue to operate even with 35% of the fans off and that it can be used in residential areas.

It can mine all coins that use the SHA-256 algorithm because it is a SHA-256 algorithm mining device. A cool efficiency of 0.044 J/GH plus 10% can be achieved in this process. Dimensions of the device are 500 x 500 x 235 mm. Reviews indicate that this machine can earn up to $13.87 per day when mining bitcoin. This profitability varies when using other coins.

For a mining company, two people can assemble 50 miners in less than an hour. It has a built-in PSU and connects via a 10-meter LAN cable.

Weight: 27000g
Noise Level: 47db
Temperature: 10°C to 45 °C
Maximum Hash rate: 58TH/s ±10%
Power consumption: 2500W±10%
Price: $1,200

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#9) Bitmain Antminer S17

Best for non-residential multi-crypto mining.

The s17, created by Bitmain, is used to mine digital currencies using the SHA-256 algorithm, including Bitcoin, Bitcoin Cash, and Bitcoin BSV. In fact, you can mine more than 40 coins with this apparatus, the majority of which are still profitable. With a profit ratio of 55% and an annual return rate of 126%, it outperforms some of the listed mining equipment.

With 144 chips and 4 fans to prevent overheating, the 7nm chip-sized device is equipped. The gadget measures 178 x 296 x 298mm and has three chipboards. with a payback period of 288 days; it shows With regards to producing the product, Bitmain is confident.

You anticipate that this machine will make a profit of $12.26 when mining bitcoin at an electricity cost of $0.1 per kilowatt. Your yearly profit would be $4,474.90 in this case. In contrast to all the other devices on this list, the noise levels are excessive. Additionally, the hash rate is considerably lower.

Weight: 9500g
Noise Level: 82db
Temperature: 5°C to 45 °C
Maximum Hash rate: 53TH/s
Power consumption: 2385W
Price: $1,590.99

Website: Bitmain Antminer S17

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#10) Ebang EBIT E11++

Best for fault-protected board mining.

This Ebang device can mine with SHA-256 mining algorithms, just like Bitcoin. 2018 saw its release. Its boards utilize the most recent 10-million-dollar chip for mining boards. In addition to the two independent boards, it has a fault protection kit that must be connected to the breakout boards in order to prevent damage to the board powered by the two PSUs.

Even in large mines, cluster management software systems can be used to monitor the Ebang EBIT E11++ effectively. The user can quickly change IP addresses, mining pools, and numbers using the appropriate software. The profit ratio and annual return percentage are both 78 percent when used properly.

Additionally, the manufacturer provides a 470-day payback period. According to research, it can mine bitcoin for $2.22 per day profitably.

In addition to the cooling fan, it uses independent heat sinks with bonding technology to control temperatures. The system operates at about 0.045 j/Gh efficiency. The device generates a lot of heat when the noise level is high, which is the case here. It is best to use it away from residences due to the loud noise it makes.

Weight: 10000g
Noise Level: 75db
Temperature: 25°C
Maximum Hash rate: 44TH/S (-5%?+10%)
Power consumption: 45W/T ±10%
Price: $2,024.00

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What Are ASIC Miners?

Application-specific integrated circuits, also known as ASIC miners, are electronic devices designed specifically for mining digital currencies. An ASIC miner made to mine Bitcoins cannot mine any other cryptocurrency because each ASIC miner is designed to mine a specific kind of cryptocurrency.

ASIC miners, which are incredibly intricately built, are made specifically for mining cryptocurrencies, and they can do this more quickly than a regular computer. The total number of equations that an ASIC miner can solve in a given period of time is referred to as its hash rate, which varies from device to device.

Pros of Using ASIC Miners

Utilizing ASIC miners (as opposed to GPUs) has a number of advantages, including excellent performance and high energy efficiency.

Great Performance

Because miners can concentrate on mining a single kind of cryptocurrency, it is simpler for these machines to deliver excellent, reliable performance. As a result, it is simpler to optimize these systems for a single currency than it is to optimize them for hundreds or thousands of different currencies. ASIC miners are generally much more effective than graphics card units as a result.

Space Efficient

ASIC miners are standalone devices that can start mining immediately after being plugged into a computer with an internet connection. For example, a motherboard and CPU cooling are required for the proper operation of graphics processing units. Make sure to pair your ASIC miner with a reliable power source that can meet the device’s power requirements.

Highly Energy Efficient

Because of how energy-efficient these systems are, any significant decline in the price of a cryptocurrency does not necessarily mean that power expenses will be higher than revenues. Due to their efficient mining hardware, ASIC miners like the JASMINER X4-1U outperform all graphics cards despite only using a few hundred watts of power.

Cons of Using ASIC Miners

In spite of the fact that ASIC miners are significantly more effective than graphics processing units, there are a few things to be aware of.

Can Only Be Used With One Currency

Since each ASIC miner is optimized only for one cryptocurrency, you’ll need to buy two ASIC miners if you want to mine both Ethereum and Bitcoin, for example. This is the main advantage of an ASIC miner, but it also has a significant disadvantage.

Centralizes the Market

ASIC miners have some degree of centralization even though the cryptocurrency market is supposed to be almost entirely decentralized. Due to their high price compared to graphics processing units, these devices are typically only used by more affluent cryptocurrency investors and miners.

How to Mine Crypto Using ASIC Miners

The procedure for mining cryptocurrency with an ASIC miner is reasonably easy to follow. To use the device for mining, however, requires more than just plugging it in.

Choosing An ASIC Miner

The initial step in this process entails selecting the ideal ASIC miner, one with high energy efficiency and great hash power. Make sure you don’t pick an ASIC miner that costs more than you can afford. The most recent ASICs to hit the market and have the most cutting-edge features typically perform the best.

Make sure you have enough room for the ASIC rig you’re setting up. For their mining operations, many miners decide to build a sizable area in a basement or garage. You should build a mining rig with hardware, motherboards, a power source, a CPU, and sturdy frames to hold the devices. If you want to avoid issues, the power supply you select should be able to handle the power consumption that your ASIC miners use.

Choosing Mining Software

The software used for mining is the computer program that connects the mining pools, the blockchain, and the mining hardware. You won’t be able to connect the hardware to the proper network or pool if you buy the wrong mining software.

BitMinter (which has since ceased operations), CGMiner, and MultiMiner are some of the most well-known pieces of software when focusing on Bitcoin specifically. Despite the fact that some mining software is free, the majority of your options are paid and require a subscription.

Join a Trusted Mining Pool

This step entails selecting the appropriate mining pool to join. Although you might like the idea of being a solitary ASIC miner who carries out this process independently, the likelihood of being the first to solve the block puzzle is incredibly slim, which is why joining a pool is strongly advised. Utilizing a mining pool allows for the combining of many machines’ computing power for mining operations. Following that, members divide any profits from these operations.

Verify the pool’s size if you want to be sure the mining pool you join is reliable. It might be necessary to join a bigger pool in order to gain from a higher hash rate. Determine the pool’s payment schedule and any minimum payment requirements if any.

Calculate Crypto Mining Profitability

Despite the unpredictable nature of cryptocurrency mining, there are ways to calculate mining profitability and calculate your return on investment. When performing these calculations, the most crucial rates to take into account are energy costs, BTC prices, power consumption, and the hash rate of your preferred mining rig. Profitability can then be calculated per day, per month, or per year.

Conclusion: Choose Right ASIC Miner

This tutorial covered the best or most effective ASIC miners for mining Bitcoin, Ethereum, and other SHA-256 or ETHASH-based coins. When looking for an ASIC miner, profitability is the most important factor to take into account, but make sure to also double-check the energy efficiency, heat dissipation, and cooling potential.

It’s also a good idea to purchase a miner that you can use to mine different coins, and all of the ones on the list fall into that category flawlessly.

The majority of the items on the list, including the Antminer S19 Pro, are excellent non-residential mining options as well. The best mining rig available for profitable mining is this one, and it isn’t even the most expensive option on our list. The WhatsMiner M30S++ and S19 Pro work together to manage hash rates of more than 100 Tera hash per second.

If you want to mine at home, we recommend ASICminer 8 Nano because the other models are too noisy. Choose the Innosilicon A10 Pro+ if you want the most ASIC Ethereum miner, and you can use it to mine other coins once Ethereum fully transitions to the proof of stake algorithm.

Frequently Asked Questions