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The 9 best ASIC miners for mining cryptocurrency in 2024

OKX Learn
OKX Learn
Published on Apr 26, 2023
Updated on Apr 25, 2024
16 min read

Cryptocurrency mining is an essential process that secures and verifies transactions within a blockchain network. Miners use computational power to solve complex mathematical problems, validate transactions, and create new blocks. As a reward, they earn newly minted coins and transaction fees. One of the most popular and effective tools for mining cryptocurrencies is ASIC (Application-Specific Integrated Circuit) miners.

ASIC miners are specialized hardware devices specifically designed to mine cryptocurrencies with maximum efficiency. Unlike GPUs or CPUs, ASIC miners are built for a single purpose: to perform the specific hashing algorithm required for mining a particular cryptocurrency. This singular focus allows ASIC miners to deliver unparalleled performance and energy efficiency compared to general-purpose hardware. In this guide, we will explore the 9 best ASIC miners available in 2024, delving into their key features, performance, and efficiency to help you make an informed decision when choosing the perfect mining hardware for your needs.

Importance of Choosing the Right ASIC Miner for Mining Cryptocurrency in 2024

Choosing the right ASIC miner is crucial for anyone looking to mine cryptocurrency in 2024. The profitability of mining is heavily dependent on several factors, including the hash rate of the mining device, energy consumption, and the cost of electricity. The right ASIC miner can significantly improve mining efficiency and profitability, while the wrong one can lead to financial losses. 

Additionally, the competition in the mining industry is continuously increasing, making it necessary to have the latest and most efficient mining hardware to stay competitive. Therefore, it is essential to choose the right ASIC miner to ensure that you get the most out of your mining activities in 2024.

How Does ASIC Crypto Mining Work?

ASIC crypto mining works by using specialized hardware devices called ASIC miners to solve complex mathematical mining algorithms required for mining cryptocurrencies. These devices are designed to perform only one specific function, which is to mine a particular cryptocurrency.

ASIC mining rigs are made up of multiple ASIC chips, which are designed to perform millions of mathematical calculations per second. These calculations involve solving cryptographic puzzles that are required to validate transactions on the blockchain network.

The higher the hash rate of the ASIC miner, the more calculations it can perform in a given period, making it more efficient at solving complex mathematical algorithms required for mining cryptocurrencies.

Once the calculations are complete, the miner submits its answer to the blockchain network, which then verifies and records the transaction on the blockchain. In exchange for their work, miners are rewarded with a certain amount of cryptocurrency, which varies depending on the specific cryptocurrency being mined.

ASIC crypto mining requires a significant amount of energy to operate, which is why electricity costs are a critical factor in mining profitability. The cost of electricity can significantly impact the profitability of ASIC mining operations.

9 Best ASIC Miners For Mining Cryptocurrency In 2024

  1. Antminer S19 Pro

    2. The Antminer S19 Pro is a flagship ASIC miner manufactured by Bitmain, a leading player in the cryptocurrency mining industry. Designed specifically for mining SHA-256-based cryptocurrencies such as Bitcoin and Bitcoin Cash, the Antminer S19 Pro boasts impressive performance and efficiency, making it one of the top choices for professional miners and large-scale operations.

    Key features and specifications:

    1. Manufacturer: Bitmain
    2. Hash rate: 110 TH/s (±3%)
    3. Power consumption: 3250W (±10%)
    4. Power efficiency: 29.5 J/TH (±10%)
    5. Cooling: Dual tube heat dissipation
    6. Noise level: 75db
    7. Dimensions: 400 x 195 x 290mm
    8. Weight: 16.3 kg

    The Antminer S19 Pro is known for its exceptional mining performance, with a hash rate of 110 TH/s, making it one of the most powerful ASIC miners available in the market in 2024. Alongside its high hash rate, the S19 Pro also delivers excellent energy efficiency at 29.5 J/TH, allowing miners to balance power consumption with mining output and achieve higher profits.

    One of the standout features of the Antminer S19 Pro is its advanced cooling system, which utilizes dual tube heat dissipation technology. This system ensures that the miner operates at optimal temperatures, reducing the risk of overheating and prolonging the device's lifespan.

    However, the Antminer S19 Pro comes with its drawbacks. Its high initial investment cost might be a barrier for small-scale miners and newcomers to the mining scene.

  2. WhatsMiner M30S++

    3. The WhatsMiner M30S++ is a high-performance ASIC miner manufactured by MicroBT, a well-established company in the cryptocurrency mining industry. Designed to mine SHA-256-based cryptocurrencies such as Bitcoin and Bitcoin Cash, the WhatsMiner M30S++ offers impressive hashing power and competes with other top-tier ASIC miners in the market.

    Key features and specifications:

    1. Manufacturer: MicroBT
    2. Hash rate: 112 TH/s (±5%)
    3. Power consumption: 3268W (±10%)
    4. Power efficiency: 31 J/TH (±10%)
    5. Cooling: Two cooling fans
    6. Noise level: 75db
    7. Dimensions: 390 x 155 x 240mm
    8. Weight: 10.5 kg

    With a hash rate of 112 TH/s, the WhatsMiner M30S++ boasts powerful mining performance, rivaling that of other leading ASIC miners. However, its power efficiency is slightly lower, at 31 J/TH, which may result in increased electricity costs compared to some of its competitors. Nevertheless, the M30S++ remains competitive in terms of overall profitability, especially when considering its impressive hash rate.

    One of the advantages of the WhatsMiner M30S++ is its user-friendly design, which makes it suitable for both beginners and experienced miners. The miner is also built with high-quality components, ensuring durability and longevity.

    On the downside, the noise level of the WhatsMiner M30S++ is 75db, which might be too loud for residential mining setups and may require a dedicated space or soundproofing measures. 

  3. AVALONminer 1246

    4. The AVALONminer 1246 is a powerful and efficient ASIC miner manufactured by Canaan, a well-known company in the cryptocurrency mining industry. Designed for mining SHA-256-based cryptocurrencies such as Bitcoin, the AVALONminer 1246 is a popular choice among miners seeking a balance between performance, efficiency, and reliability.

    Key features and specifications:

    1. Manufacturer: Canaan
    2. Hash rate: 90 TH/s (±5%)
    3. Power consumption: 3420W (±10%)
    4. Power efficiency: 38 J/TH (±10%)
    5. Cooling: High-performance cooling fans
    6. Noise level: 75db
    7. Dimensions: 331 x 195 x 292mm
    8. Weight: 12.8 kg

    The AVALONminer 1246 offers a hash rate of 90 TH/s, providing strong mining performance that competes with other high-end ASIC miners in the market. Its power efficiency is 38 J/TH, which, although higher than some of its competitors, still delivers solid energy efficiency that can help minimize electricity costs.

    One of the key advantages of the AVALONminer 1246 is its high-quality build and reliable performance, as Canaan is a reputable manufacturer in the cryptocurrency mining industry. The miner also features high-performance cooling fans that help maintain optimal operating temperatures, reducing the risk of overheating and prolonging the device's lifespan. However, the AVALONminer 1246 has a noise level of 75db, which could be too loud.

  4. WhatsMiner M32

    5. The WhatsMiner M32 is a high-performance ASIC miner manufactured by MicroBT, a reputable company in the cryptocurrency mining industry. Designed for mining SHA-256-based cryptocurrencies such as Bitcoin and Bitcoin Cash, the WhatsMiner M32 offers a solid balance of performance, efficiency, and reliability, making it a popular choice among miners.

    Key features and specifications:

    1. Manufacturer: MicroBT
    2. Hash rate: 62 TH/s (±5%)
    3. Power consumption: 3344W (±10%)
    4. Power efficiency: 53.9 J/TH (±10%)
    5. Cooling: Dual cooling fans
    6. Noise level: 75db
    7. Dimensions: 390 x 155 x 240mm
    8. Weight: 10.5 kg

    With a hash rate of 62 TH/s, the WhatsMiner M32 provides strong mining performance, suitable for both small-scale and large-scale mining operations. Its power efficiency is 53.9 J/TH, which is higher than some of its competitors, but it still delivers satisfactory energy efficiency that helps minimize electricity costs.

    One of the key advantages of the WhatsMiner M32 is its user-friendly design, which makes it suitable for both beginners and experienced miners. The miner is also built with high-quality components, ensuring durability and longevity. Moreover, MicroBT's reputation as a reliable manufacturer in the cryptocurrency mining industry lends credibility to the M32's performance.

    However, as with other popular ASIC miners, the M32 may be subject to limited availability and long waiting times for orders.

  5. AvalonMiner 1166 Pro

    6. The AvalonMiner 1166 Pro is a powerful and efficient ASIC miner manufactured by Canaan, a respected company in the cryptocurrency mining industry. Designed for mining SHA-256-based cryptocurrencies such as Bitcoin and Bitcoin Cash, the AvalonMiner 1166 Pro offers an excellent balance between performance, efficiency, and reliability, making it a popular choice among miners.

    Key features and specifications:

    1. Manufacturer: Canaan
    2. Hash rate: 81 TH/s (±5%)
    3. Power consumption: 3400W (±10%)
    4. Power efficiency: 42 J/TH (±10%)
    5. Cooling: High-performance cooling fans
    6. Noise level: 75db
    7. Dimensions: 306 x 141 x 323mm
    8. Weight: 12.5 kg

    The AvalonMiner 1166 Pro delivers a hash rate of 81 TH/s, providing strong mining performance suitable for both small-scale and large-scale mining operations. Its power efficiency is 42 J/TH, which, while higher than some competitors, still offers solid energy efficiency that can help minimize electricity costs.

    AvalonMiner 1166 Pro also features high-performance cooling fans that help maintain optimal operating temperatures, reducing the risk of overheating and prolonging the device's lifespan.

  6. DragonMint T1

    7. The DragonMint T1 is a powerful ASIC miner manufactured by Halong Mining, a relatively new but promising player in the cryptocurrency mining industry. Designed for mining SHA-256-based cryptocurrencies such as Bitcoin, the DragonMint T1 offers a competitive balance between performance, efficiency, and reliability.

    Key features and specifications:

    1. Manufacturer: Halong Mining
    2. Hash rate: 16 TH/s (±5%)
    3. Power consumption: 1480W (±10%)
    4. Power efficiency: 93 J/TH (±10%)
    5. Cooling: Dual cooling fans
    6. Noise level: 75db
    7. Dimensions: 340 x 125 x 155mm
    8. Weight: 6.1 kg

    With a hash rate of 16 TH/s, the DragonMint T1 provides solid mining performance suitable for small-scale mining operations and individual miners. Its power efficiency is 93 J/TH, which, although higher than some high-end competitors, still offers reasonable energy efficiency that can help minimize electricity costs.

    One of the key advantages of the DragonMint T1 is its implementation of ASICBOOST, an optimization technology that improves mining efficiency. The miner also features dual cooling fans that help maintain optimal operating temperatures, reducing the risk of overheating and prolonging the device's lifespan.

    However, due to its lower hash rate compared to high-end models, the DragonMint T1 might not be the ideal choice for large-scale mining operations.

  7. Innosilicon A10 Pro

    8. The Innosilicon A10 Pro is a high-performance ASIC miner designed specifically for mining Ethereum and other Ethash-based cryptocurrencies. Manufactured by Innosilicon, a well-established company in the cryptocurrency mining industry, the A10 Pro offers a powerful and efficient mining solution for Ethereum miners seeking a balance between performance, efficiency, and reliability.

    Key features and specifications:

    1. Manufacturer: Innosilicon
    2. Hash rate: 500 MH/s (±5%)
    3. Power consumption: 860W (±10%)
    4. Power efficiency: 1.72 J/MH (±10%)
    5. Cooling: Dual cooling fans
    6. Noise level: 75db
    7. Dimensions: 362 x 136 x 285mm
    8. Weight: 8.9 kg

    With a hash rate of 500 MH/s, the Innosilicon A10 Pro provides impressive mining performance for Ethereum and other Ethash-based cryptocurrencies. Its power efficiency is 1.72 J/MH, which is considered competitive in the Ethereum mining space, ensuring that miners can balance power consumption with mining output for higher profits.

    One of the key advantages of the Innosilicon A10 Pro is its user-friendly design, making it suitable for both beginners and experienced miners. The miner is built with high-quality components, ensuring durability and longevity. Furthermore, Innosilicon's reputation as a reliable manufacturer in the cryptocurrency mining industry lends credibility to the A10 Pro's performance.

  8. ASICminer 8 Nano

    9. The ASICminer 8 Nano is a compact and efficient ASIC miner designed for mining SHA-256-based cryptocurrencies such as Bitcoin and Bitcoin Cash. Manufactured by ASICminer, a company known for its innovative designs and focus on energy efficiency, the 8 Nano offers a unique balance between performance, efficiency, and size, making it an interesting option for miners.

    Key features and specifications:

    1. Manufacturer: ASICminer
    2. Hash rate: 44 TH/s (±5%)
    3. Power consumption: 2100W (±10%)
    4. Power efficiency: 47.7 J/TH (±10%)
    5. Cooling: Immersion cooling technology
    6. Noise level: Silent operation
    7. Dimensions: 500 x 1000 x 240mm
    8. Weight: 25 kg

    With a hash rate of 44 TH/s, the ASICminer 8 Nano provides solid mining performance suitable for small to medium-scale mining operations. Its power efficiency is 47.7 J/TH, which, although higher than some competitors, still offers decent energy efficiency that can help minimize electricity costs.

    One of the key advantages of the ASICminer 8 Nano is its innovative immersion cooling technology, which eliminates the need for noisy cooling fans and ensures silent operation. This feature makes the 8 Nano particularly attractive for residential mining setups, as noise levels are not a concern.

    However, the ASICminer 8 Nano is relatively heavy at 25 kg, and its dimensions may make it challenging to find space for the miner in a residential setting. 

  9. Bitmain Antminer S17

    10. The Bitmain Antminer S17 is a powerful and efficient ASIC miner designed for mining SHA-256-based cryptocurrencies such as Bitcoin and Bitcoin Cash. Manufactured by Bitmain, one of the most well-known and respected companies in the cryptocurrency mining industry, the Antminer S17 offers an excellent balance between performance, efficiency, and reliability, making it a popular choice among miners.

    Key features and specifications:

    1. Manufacturer: Bitmain
    2. Hash rate: 56 TH/s (±5%)
    3. Power consumption: 2520W (±10%)
    4. Power efficiency: 45 J/TH (±10%)
    5. Cooling: Dual cooling fans
    6. Noise level: 82db
    7. Dimensions: 298 x 178 x 296mm
    8. Weight: 9.5 kg

    With a hash rate of 56 TH/s, the Bitmain Antminer S17 provides strong mining performance suitable for both small-scale and large-scale mining operations. Its power efficiency is 45 J/TH, which, while higher than some competitors, still offers solid energy efficiency that can help minimize electricity costs.

    One of the key advantages of the Antminer S17 is its high-quality build and reliable performance, thanks to Bitmain's reputation as a reputable manufacturer in the cryptocurrency mining industry. The miner also features dual cooling fans that help maintain optimal operating temperatures, reducing the risk of overheating and prolonging the device's lifespan.

    ASIC Miner Hash Rate (±5%) Power Consumption (±10%) Power Efficiency (±10%) Noise Level Cooling System Notable Features
    Antminer S19 Pro 110 TH/s 3250W 29.5 J/TH 75db High-performance fans High hash rate
    WhatsMiner M30S++ 112 TH/s 3472W 31 J/TH 75db High-performance fans High hash rate
    AVALONminer 1246 90 TH/s 3420W 38 J/TH 75db High-performance fans High reliability
    WhatsMiner M32 66 TH/s 3350W 50.8 J/TH 75db High-performance fans Customizable options
    AvalonMiner 1166 Pro 81 TH/s 3400W 42 J/TH 75db High-performance fans High reliability
    DragonMint T1 16 TH/s 1480W 93 J/TH 75db Dual cooling fans ASICBOOST
    Innosilicon A10 Pro 500 MH/s 860W 1.72 J/MH 75db Dual cooling fans Ethereum mining
    ASICminer 8 Nano 44 TH/s 2100W 47.7 J/TH Silent Immersion cooling Silent operation
    Bitmain Antminer S17 56 TH/s 2520W 45 J/TH 82db Dual cooling fans High reliability

The Best ASIC Miner Depends on Your Individual Goals

The landscape of ASIC miners for mining cryptocurrency in 2023 offers a diverse range of options, each with its own advantages and drawbacks. When selecting the best ASIC miner for your needs, it is essential to consider factors such as hash rate, power efficiency, noise level, and the reputation of the manufacturer.

The nine ASIC miners discussed in this article - Antminer S19 Pro, WhatsMiner M30S++, AVALONminer 1246, WhatsMiner M32, AvalonMiner 1166 Pro, DragonMint T1, Innosilicon A10 Pro, ASICminer 8 Nano, and Bitmain Antminer S17 - each offer unique features that cater to different mining requirements and preferences. Some prioritize power and efficiency, while others focus on silent operation or compatibility with specific cryptocurrencies.

In the end, the best ASIC miner for you will depend on your individual goals and circumstances, such as your budget, mining scale, and the type of cryptocurrency you wish to mine. By carefully evaluating the options and considering your specific requirements, you can make an informed decision and invest in a mining machine that will help you maximize your cryptocurrency mining profits in 2023 and beyond.

FAQs

What Is the Best Coin To Mine Using ASIC?

The best coin to mine using ASIC depends on several factors, including the ASIC miner's compatibility, the coin's market value, mining difficulty, and network hashrate. Bitcoin, being the most popular and valuable cryptocurrency, is often considered the best coin to mine using ASIC miners, specifically those designed for SHA-256 algorithms. However, it's essential to research and evaluate potential profitability based on your specific circumstances and mining equipment.

What Are the Best Dash ASIC Miners?

Dash is a cryptocurrency that uses the X11 algorithm, which requires specialized ASIC miners. Some of the best ASIC miners for mining Dash include the Bitmain Antminer D3, Innosilicon A5+ DashMaster, and the iBeLink DM22G. These miners offer a combination of high hash rates, energy efficiency, and reliability, but it is essential to evaluate their profitability based on factors like mining difficulty, electricity costs, and the price of Dash.

What Is the Most Trusted Miner?

The most trusted miner is subjective and depends on factors such as personal preferences, mining goals, and budget. Some of the most reputable manufacturers of ASIC miners include Bitmain, Innosilicon, MicroBT, and Canaan. Their flagship miners, such as the Bitmain Antminer S19 Pro, Innosilicon A10 Pro, and WhatsMiner M30S++, are known for their high performance, efficiency, and reliability.

Which ASIC Is Most Profitable?

The profitability of an ASIC miner depends on factors like hash rate, power efficiency, electricity costs, mining difficulty estimation, and the price of the mined cryptocurrency. Among the miners discussed in this article, high-end models like the Antminer S19 Pro and WhatsMiner M30S++ are often considered the most profitable due to their high hash rates and relatively low power consumption. However, profitability can change over time, and it is crucial to continually assess and update your mining strategy to maximize returns.

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