If you want to mine Bitcoin or any other ASIC based coins, you will need ASIC miners. Many ASIC chips, otherwise known as application-specific integrated circuits, are manufactured by Bitmain, a Bitcoin mining company based in Beijing, China. Bitmain also manufactures Antpool, which is one of the largest Bitcoin mining pools in existence.
When it comes to identifying the right ASIC minor for you, one major problem is there are lots of ASIC miners available in the market, so how do you choose the best? There is a variety of mining hardware available, which can make it tricky to figure out the most suitable one for you. From different capabilities to electricity costs, there are many types of Bitcoin mining hardware to choose from. We have devised a list reviewing the best ASIC miners that are currently in the market that will help you when it comes to mining Bitcoin.
Criteria for choosing the best ASIC miners
There are two crucial factors that you should also consider when measuring the performance of miners. One is the machine electric efficiency and the second one is the price per hash. There are also some secondary factors that you should consider such as the price of the miner. Using the criteria mentioned, here is the list below.
Best ASIC miners available in the market
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If you really love quality and you don’t care much about the cost, then you should get the AntMiner S9. The S9 Miner has an advertised capacity of 13.5 TeraHash per second. It is also power efficient which is a bonus given the price of the miner. The miner is rated at 0.098 W/Gh, and it weighs about 8.1 lbs.
Now the question is the AntMiner S9 worth the price? The simple answer is that the S9 miner produces an estimated 0.3603 BTC earned monthly, and it is also power efficient. You will earn more profit with the S9 miner, so it is worth the price.
- Hashrate: 3.5TH/sÊ±5%
- Power Efficiency: 0.29 Watts/GH at the wall (assumes commercial PSU, 93%+ efficiency)
- Performance variance: ± 5% variance possible on quoted performance statistics
- ASIC Processor Model: Avalon A3218 (quantity = 80 per miner)
Another great miner is the Avalon 6. It has an advertised capacity of 3.5 Th/s. It is power efficient, and its power efficiency is rated at about 0.29 W/Gh. The miner weighs 9.5 lbs, and a bit expensive but not as expensive as the AntMiner S9. This miner will produce 0.1232 BTC monthly.
- Hash Rate: 4.73 TH/s ±5%
- Power Consumption: 1293W ±10%
- Power Efficiency: 0.25 W/GH ±10%
- Built-in web interface for easy setup and configuration
- Power supply not included, APW3++ recommended.
The AntMiner S7 is also a great miner with an advertised capacity of 4.73 Th/s. It has a power efficiency rating of 0.25 W/Gh. It weighs 8.8 lbs. It costs around $500 but the price isn’t constant, it can fall and rise depending on the market demand and production.
The S7 miner is expensive, and it eats up a lot of electricity. It produces approximately 0.1645 BTC monthly which is better than the Avalon 6 which is more expensive.
Budget-Friendly Miners (Under $150)
Listed below is the only budget ASIC miner we could find and by budget, we really mean budget. At under $150, this miner is the perfect gift for someone who wants to dip their toe into the mining pool. This is for people with a tight budget or can’t fathom spending thousands of dollars on a miner. Keep in mind, this miner is not going to earn you much, if at all, nothing.
GekkoScience Compact USB Stick Bitcoin Miner
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This Bitcoin miner is a better than the first block erupters that were introduced to the market. USB erupters are currently gone from the market as they jut aren’t profitable. We think this miner may be gone soon too given that mining is becoming extremely competitive. This miner turns out a little bit more profit at $0.15 monthly which is more than a dollar each year.
This guide is mainly for people who are new to mining that are trying to enter the mining pool. While the budget-friendly miner isn’t much, it at least allows the water to be tested. Again, as time moves forward, mining will become harder and harder. People may end up needing two antminer s9’s to make a bit of money, maybe three. Electricity costs may vary as mining hardware and requirements change. As the market changes rapidly, we can expect many more Bitcoin miners and different mining hardware to be introduced to the market.
Last update on 2019-10-31 / Affiliate links / Images from Amazon Product Advertising API