Bitcoin remains a dominant force in the cryptocurrency industry, accounting for roughly 50% of the entire market of all digital assets combined. It relies on a decentralized network of miners to validate transactions and maintain its security. These miners, using specialized hardware known as mining rigs, play a pivotal role in the functioning of the Bitcoin ecosystem.
In this article, we are going to examine the best Bitcoin miners in the market today and explore their main features, including hash rate, power consumption, price, and more.
Here are the best Bitcoin miners in 2024:
- Bitmain Antminer S19j Pro+ – The best Bitcoin miner overall
- Bitmain Antimer S21– The most powerful mining rig on our list
- Bitmain Antminer S19 XP Hyd – The most powerful Bitcoin miner
- MicroBT Whatsminer M50S – A popular crypto mining rig from MicroBT
- Bitmain Antminer S19 XP – A mining rig with an excellent price-to-performance ratio
- MicroBT Whatsminer M30S++ – A proven option for Bitcoin miners
- Bitmain AntMiner S19 Pro – An older crypto miner with excellent power efficiency
- Whatsminer M63S– Whatsminer's latest-gen SHA-256 miner
- CanaanAvalon Made A1466 – An efficient and stable Bitcoin miner from Canaan
The 9 best Bitcoin miners: Examining the top crypto mining rigs in 2024
In the following sections, you’ll find an overview of the best crypto mining rigs available in the market today. All machines on our list support the SHA-256 algorithm, which means they can be used to mine Bitcoin, Bitcoin Cash, and other cryptocurrencies supporting the algorithm.
1. Bitmain Antminer S19j Pro+ – The best Bitcoin miner overall
The Bitmain Antminer S19j Pro+ is a BTC miner with a formidable mining capacity of 120 terahashes per second (TH/s). The high hashing power allows for swift and efficient Bitcoin mining, potentially leading to increased mining returns.
Powered by Bitmain's proprietary BM1397 chip, which employs advanced 7-nanometer technology, the Antminer S19j Pro+ is designed for superior mining efficiency. It accomplishes this by utilizing lower power consumption levels, thus optimizing its overall performance.
| Price | $1,895 |
|---|---|
| Release Date | December 2022 |
| Hash Rate | 122 TH/s |
| Power Consumption | 3,355W |
| Noise Level | 75dB |
Buy the Bitmain Antminer S19j Pro+
2. Bitmain Antminer S21– The most powerful BTC mining rig on our list
The Antminer S21 is the latest in Bitmain's lineup of AISC miners. It boasts very high computational capabilities and beats most miners from the previous S19 series out of the water. However, the high asking price might turn some people off, as more than $5,000 for a mining rig is certainly among the most expensive options.
It's worth noting that the new Antminer's optimal efficiency zone is between 0 and 30 degrees Celsius. If the temperature is higher, the power consumption can jump up considerably.
| Price | $5,126 |
|---|---|
| Release Date | February 2024 |
| Hash Rate | 200 TH/s |
| Power Consumption | 3,550W |
| Noise Level | 75dB |
Buy the Bitmain Antiminer S21
3. Bitmain Antminer S19 XP Hyd – A Bitcoin mining powerhouse
The Antminer S19 XP Hyd is absolutely a beast of a mining rig. It can output up to 255TH/s of computing power at a power consumption of 5,346W. It is the most powerful individual miner on our list and simultaneously the only miner that will turn a profit at the current price of Bitcoin ($26,873) and presumed cost of electricity ($0.12/kWh).
The Antminer S19XP Hydro boasts an interface marked by its user-friendliness, rendering it easily accessible for both experienced miners and beginners venturing into the realm of mining. Its intuitive controls and comprehensive monitoring system provide miners with real-time insights into parameters such as temperature, fan velocity, and hash rate, enabling them to effortlessly fine-tune their operations and unlock the full spectrum of their mining potential.
| Price | $6,651 |
|---|---|
| Release Date | October 2022 |
| Hash Rate | 255TH/s |
| Power | 5,346W |
| Noise Level | 50dB |
Buy the Bitmain Antminer S19 XP Hyd
4. MicroBT Whatsminer M50S – A popular crypto mining rig from MicroBT
The MicroBT Whatsminer M50S is another impressive crypto machine from MicroBT’s line of Bitcoin mining rigs. It uses the SHA-256 hashing algorithm and boasts a power efficiency of 26 J/TH. The device is based on Samsung’s 5nm chip, which ensures that energy efficiency is high even under high load.
The M50S competes directly with the Bitmain Antminer S19j Pro+ in terms of features and price. MicroBT claims that its product is superior due to lower electricity consumption, which translates into lower electricity costs.
| Price | $2,055 |
|---|---|
| Release Date | July 2022 |
| Hash Rate | 127TH/s |
| Power Consumption | 3,276W |
| Noise Level | 75dB |
Buy the MicroBT Whatsminer M50S
5. Bitmain Antminer S19 XP – A mining rig with an excellent price-to-performance ratio
The Antminer S19 XP is another piece of Bitcoin mining hardware from the leading manufacturer of Bitcoin mining machines, Bitmain. It is equipped with the BM1397B application-specific integrated circuit (ASIC), which ensures that validating transactions on the Bitcoin blockchain is as fast as possible.
Where the S19 XP excels is low power consumption while maintaining a high hashrate and excellent connectivity, which allows numerous S19 XPs to be used simultaneously for maximum mining output. The S19 XP can be an excellent choice if you are thinking about joining a mining pool to secure the Bitcoin network (or Dogecoin, Litecoin, and other supported PoW networks).
| Price | $3,589 |
|---|---|
| Release Date | July 2022 |
| Hash Rate | 141TH/s |
| Power Consumption | 3,032 |
| Noise Level | 75dB |
Buy the Bitmain Antminer S19 XP
6. MicroBT Whatsminer M30S++ – A proven option for Bitcoin miners
The Whatsminer M30S++ is one of the most popular miners in MicroBT’s product offering. Using the SHA-256 algorithm, the machine can be used to mine Bitcoin, Bitcoin Cash, and other cryptocurrencies that rely on the SHA-256 algorithm.
While the product has been in the market for three years, it is still considered one of the best solutions out there in terms of the price-to-performance ratio.
| Price | $1,992 |
|---|---|
| Release Date | October 2020 |
| Hash Rate | 106TH/s |
| Power Consumption | 3,392W |
| Noise Level | 75dB |
Buy the MicroBT Whatsminer M30S++
7. Bitmain AntMiner S19 Pro – An older crypto miner with excellent power efficiency
The Bitmain AntMiner S19 Pro is a SHA-256 ASIC miner that was released in 2020. Despite being released about three years ago, it is still one of the most efficient Bitcoin miners on the market, with a hashrate of 110 TH/s and power efficiency of 29.5 W/TH. The AntMiner S19 Pro is powered by the Bitmain BM1397 chip, which is a custom-designed ASIC chip for Bitcoin mining. The miner also features a quadruple-fan cooling system that helps to keep it cool during operation.
The AntMiner S19 Pro is a popular choice for Bitcoin miners because of its high hashrate, power efficiency, and reliability. It is also relatively easy to set up and operate. The only downside of the S19 Pro is that it is a bit older than some other products on our list and that it doesn’t necessarily boast the best ratio between power consumption and hash rate out there.
| Price | $1,715 |
|---|---|
| Release Date | May 2020 |
| Hash Rate | 110 TH/s |
| Power Consumption | 3,245W |
| Noise Level | 75dB |
Buy the Bitmain AntMiner S19 Pro
8. MicroBT Whatsminer M63S – MicroBT's latest-gen SHA-256 miner
The Whatsminer M63S is the latest generation of MicroBT's miners for the SHA-256 algorithm. The M63S generates between 360 and 390 TH/s of hashrate, making it one of the most powerful options on the market. The system is designed for hydro cooling, and its form factor is designed for rack mounting.
The M63S has a power consumption rating of 7215 watts and is designed to operate at temperatures between5℃and 35℃.
While this is one of the most performant miners on the market, theM63S' power comes at a price. At the time of writing, MicroBT is selling the M63S for between $9,720 and $10,530.
| Price | $9,720 |
|---|---|
| Release Date | October 2023 |
| Hash Rate | 390 TH/s |
| Power Consumption | 7,215W |
| Noise Level | 50 dB |
Buy the WhatsMiner M63S
9. Canaan Avalon Made A1466 – An efficient and stable Bitcoin miner from Canaan
The Canaan Avalon Made A1466 is the most profitable Bitcoin miner from Canaan at the time of writing. It sports a hashrate output of roughly 150 TH/s, and its power consumption is rated at 3,230 watts. The power efficiency of the Avalon Made A1466 is 21.5 J/TH.
While Bitmain and MicroBT continue to dominate the Bitcoin mining space, Canaan's Avalon Made A1466 could be a sign that competitors are beginning to catch up. Even though the Avalon Made A1466 can't currently compete with the other top dogs in terms of efficiency, it might still be a good choice if you can get it for a good price.
| Price | $2,150 |
|---|---|
| Release Date | September 2023 |
| Hash Rate | 150TH/s |
| Power Consumption | 3,230W |
| Noise Level | 75dB |
Buy the Canaan Avalon Made A1466
Is mining Bitcoin profitable?
Whether or not mining Bitcoin is profitable depends on a number of factors, including the price of Bitcoin, the cost of mining hardware, the cost of electricity, and the difficulty of the Bitcoin network.
At the time of this writing, you can turn a profit with most Bitcoin mining rigs. However, during the bear market of 2022-2023, many mining setups actually became unprofitable,leading some people to pose the question, “Is crypto mining dead?” It's worth noting that the profitability of Bitcoin mining has many variables. If you are living in an area with high electricity costs, then Bitcoin mining is probably not for you. However, if you have access to cheap electricity, then it can be very profitable.
In the following table, you can examine different scenarios that include different Bitcoin prices and electricity costs so you can conclude for yourself whether Bitcoin mining is profitable for you. For the purposes of this examination, we are going to use the estimated profitability potential of the Bitmain Antminer S19j Pro+, the top-ranking miner on our list.
| Bitcoin Price | Electricity Cost | Profit/Day | Profit/Year | |
|---|---|---|---|---|
| Scenario 1 | $30,000 | $0.10 | -$2.57 | -$938 |
| Scenario 2 | $50,000 | $0.10 | $1.08 | $394 |
| Scenario 3 | $67,700 (current price) | $0.12 | $2.70 | $986 |
| Scenario 4 | $67,700 (current price) | $0.10 | $4.31 | $1,573 |
| Scenario 5 | $67,700 (current price) | $0.08 | $5.92 | $2,161 |
| Scenario 6 | $80,000 | $0.10 | $6.56 | $2,394 |
| Scenario 7 | $100,000 | $0.10 | $10.21 | $3,727 |
Source: asicminercompare.com
Bitcoin miners FAQs
What is the best Bitcoin miner?
The best Bitcoin miner on the market right now is arguably the Bitmain Antminer S19j Pro+. It can output up to 122 TH/s with a power consumption of 3,355W, giving it one of the better energy efficiency ratios. It is also worth noting that its sub-$2,000 price tag is a very competitive price for a machine of its caliber.
How to build a crypto mining rig?
Building a crypto mining rig from scratch involves selecting the right hardware, assembling the components, and installing the operating system and mining software such as CGMiner, BFGMiner, or NiceHash. Building a crypto mining rig can be difficult and requires a great deal of knowledge and experience. If you don’t feel comfortable building your own mining rig, we would recommend buying a pre-made machine from a reputable company like Bitmain or MicroBT.
What is a crypto mining rig?
A cryptocurrency mining rig is a specialized computer system designed for the purpose of validating and adding transactions to a Proof-of-Work (PoW) blockchain, which is the underlying technology of cryptocurrencies like Bitcoin and many others.
How much does a crypto mining rig cost?
At the lower end, a basic GPU mining rig might cost a few hundred to a couple of thousand dollars. However, for a high-performance mining rig with multiple GPUs or ASICs, costs can escalate into the thousands or even tens of thousands of dollars.
The bottom line
Long away are the days when you could mine Bitcoin using your own personal computer with a regulator GPU or even CPU. Today, you’ll need powerful specialized hardware to mine BTC, and even with that hardware, mining a single Bitcoin can take a lot of time.
If you want to try mining crypto but don’t necessarily have the resources for a Bitcoin mining machine, you can consider trying out mining crypto on your mobile phone.
