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:

Application-Specific Integrated Circuit (ASIC) devices or rigs, as they are called when combined during mining, are best for mining cryptocurrency, given their top-range efficiency. They are built specifically for mining.

Each ASIC is tailored to mine a specific algorithm, so you will find them for a given algorithm. This means all ASICs meant for Bitcoin can mine all other cryptocurrencies that use algorithms similar to Bitcoin’s.

This tutorial discusses the best ASICs available in the market and their use in mining cryptocurrency. We line up the top best Application-Specific Integrated Circuit miners you can use in mining Bitcoin, Ethereum, and other cryptocurrencies using SHA-256 and ETHASH algorithms.

What Are ASICs

Application-Specific Integrated Circuits are designed and built for specific use. ASICs used in mining incorporate microprocessors that are specifically made and suited for mining Bitcoin, Litecoin, Ethereum Classic, and other cryptocurrencies that use proof-of-work algorithms.

This device contains several microprocessors combined in a circuit. That circuit, which comprises over 100 million logic gates these days, is packed into circuit chips sealed into casings. Each has cables or outlets/ports that allow connection to the power source, computer, and the Internet.

As we can connect ASIC to a computer through USB or other methods and using USB hubs or other interconnections, it is possible to connect multiple of them together to mine with more hash rates.

Once this is done, you can then locate its IP address using a computer program, create a wallet, configure it into a mining pool using mining programs on the computer, and manage the ASICs.

As the name suggests, they are built for a specific application. They are more powerful in computer processing power than the Central Processing Units or CPUs, which are processing units inside a Personal Computer. They also surpass the Graphics Processing Units or GPUs that are also found mainly in gaming computers.

Fact Check:

• The mining hardware market will grow by USD 2.80 billion, at a CAGR of over 7% during 2020-2024.
• Growth will be propelled by ASIC mining hardware being sold at more retail stores that keep popping up.

Mining hardware market:

Pro-Tips:

• First check the profitability of the best ASIC miners and cryptocurrencies you want to mine using online profitability calculators, before proceeding to buy. Device pricing also varies from one manufacturer to another and depending on whether it is new or used.
• Confirm other things like energy consumption, heat dissipation, noise, and reviews about the best ASIC miners.
• Maintenance also affects profitability and durability. Better devices keep popping up so it is always good to estimate lifespan when buying and later determine when to dispose before or when it turns not profitable.
• Mining pools should be considered for mining any crypto, otherwise, you make no or little returns.

Frequently Asked Questions

Q #1) Is ASIC mining profitable?

Answer: Bitcoin mining is profitable if you have cheap electricity and when the hardware is efficient. Profitability also depends on the price of a cryptocurrency, although mining hash rate adjustments will obviously be a factor of demand and pricing.

Depending on the economics of a given blockchain and coin, it can be profitable or not. It is profitable when mined through a mining pool. You can easily check the profitability of ASIC mining for given crypto, online with online calculators.

Q #2) Is ASIC mining profitable in 2021?

Answer: Bitcoin mining is profitable with an ASIC in 2021. As of August 2021, a miner could generate 6.25 coins every 10 minutes. In addition, miners earned transaction fees of between 5% and 10% of the reward after mining a block. You can use an online calculator to compute and track the profitability of Bitcoin mining in 2021.

Q #3) Is ASIC mining better?

Answer: Yes. they are better than CPUs and GPUs in the mining of cryptocurrencies. They are more powerful in terms of processing power, where they can process much more data per unit of time.

They also save more power and are rated in terms of hashing power or hash rate (hertz per second) either Gh/s, Th/s, or Mh/s. The ones with the highest ratings currently have terra hash ratings.

Q #4) What ASICs can mine Ethereum?

Answer: The Bitmain Antminer E9 is tailored to mine Ethereum with a hash rate of up to 3GH/s. Other miners made for Ethereum ASIC mining are A10 Pro. Antminer E3, which operates at 190 MH/s, the InnoSilicon A10 ETHMaster, and the InnoSilicon A10 Pro which has a hash rate of 700 MH/s.

Q #5) Which are the best Bitcoin ASIC miners?

Answer: The S19 is the latest and best Bitcoin ASIC miner so far with the Pro version capable of blasting 110 TH/s of hashing power. The miner has other two models — Antminer T19 and Antminer S19 apart from the S19 Pro.

Q #6) How do ASIC miners work?

Answer: These are program or application-specific mining microprocessor circuits tailored to mine a given blockchain algorithm in proof of work algorithms. The miners perform complex calculations known as hashes where hashing data in each submitted transaction is matched with preset data and a golden nonce.

A nonce is a number that is added to the encrypted or hashed block of a blockchain that, when rehashed, will meet the difficulty level restrictions. It involves guesswork calculations using the miners, and the calculations must be done at a quick rate before the set time to mine a block is over.

The calculations confirm the transactions are legit and secure to the network and as meeting specific characteristics before being allowed to the network.

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List of Top ASIC Cryptocurrency Miners

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

Comparison of the Best ASIC Miners

Top ASIC Cryptocurrency Miners review:

#1) Antminer S19 Pro

Antminer S19 Pro – Best for most profitable ASIC mining of Bitcoin, Bitcoin Cash, and other SHA-256 algorithm cryptocurrencies.

The Antminer S19 Pro is the most profitable ASIC miner for Bitcoin and the SHA-256 algorithm for now. It is manufactured by Bitmain, a leading mining hardware manufacturing company, which makes it a top choice among Bitcoin mining firms and individuals.

You do not expect many devices to beat this equipment’s efficiency offer of 29.7 J/TH. The device is built using the next-gen 5nm chip, a second-generation chip dedicated to SHA-256 mining.

Compared to other devices in this list, it certainly is the most economical and efficient mining device in the market currently. It also beats the other S19 Series product, the S19 although it is heavier.

For those asking how much one can generate with this ASIC Bitcoin mining equipment, you expect the profitability of around $12 daily with an electricity cost of $0.1/kilowatt.

At this cost of power, you expect this device to consume just $7.80 per day while generating a revenue of $37.23. That puts the annual profit at $10,741.95. The annual return percentage is 195 percent. The device is offered with a payback period of 186 days.

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

#2) WhatsMiner M30S++

Best for high efficient Bitcoin mining.

This device manages a power efficiency of 31J/TH (joules per Tera hash), hence one of the few top Bitcoin ASIC miners that can reach that efficiency rating. It measures about 16.875” length by 5.75” width by 8.8125” height. Testing reveals that the power efficiency, power consumption, and hash rates do not fluctuate by huge margins when the device is in use. The algorithm is SHA-256 – Bitcoin mining and over 10 other cryptos.

The device is more efficient than the Whatsminer M30S+. It is manufactured by the Shenzhen-based MicroBT and is also sold with a 6 months warranty, 135 days payback period, and features plastic material. It connects to the computer through LAN.

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

Website: WhatsMiner M30S++

#3) AVALONminer 1246

Best for reliable and managed ASIC mining.

The ASIC mining device is manufactured by Canaan, a renowned Bitcoin mining hardware company that has high power consumption. You can mine Bitcoin and other SHA-256 algorithm coins with this miner, at a power efficiency of 38J/TH.

The Avalonminer 1246 is made with an integrated design that ensures reliability. The power supply is 285V, 16A, 50Hz to 60Hz AC. With a dimension of 331 mm X 195 mm X 292mm, it does not have a problem fitting, even in a cabinet.

The device also packs in high-temperature-resistant 12038 cooler master fans for better cooling. The front features two 7-blade fans to draw in air and the fan design and integration prevent the accumulation of dust on the dashboard.

This further prevents chances of short-circuiting when using the device. The device features an auto alert functionality to alert you if the machine malfunctions such that the hash rate is tampered with. It will shut down automatically.

The device also features a built-in chip that analyzes hash rate using intelligent algorithms and detects cases 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

Website: AVALONminer 1246

#4) WhatsMiner M32

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

Although this device has registered low profitability, it can effectively mine SHA-256 algorithms at an efficiency of 0.054j/Gh. We can therefore apply it in the ASIC mining of Bitcoin, Bitcoin Cash, Bitcoin BSV, Peercoin, eMark, Unbreakable, Joulecoin, Curecoin, and Acoin. It measures 230 x 350 x 490mm.

It features two fans to assist in cooling, although the noise level does not favor application in residential areas.

At a profitability rating of $0.42/day, you expect a monthly loss of $12.47 when mining with this equipment. It can be connected to SlushPool, NiceHash, Poolin, AntPool, ViaBTC, and virtually any mining pool that supports ASIC mining of the SHA-256 algorithm.

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

Website: WhatsMiner M32

#5) AvalonMiner 1166 Pro

Best for high hash rate mining.

AvalonMiner 1166 Pro is used to mine Bitcoin, Bitcoin Cash, Bitcoin SV, and other SHA-256 cryptocurrencies. Released in August 2020, it manages a considerably high hash rate and power consumption compared to most of the devices on this list.

It is a popular Bitcoin ASIC mining device given that it is manufactured by Canaan, which is a leader in mining hardware and one of China’s National high-tech enterprises.

The device is 16 nm in size and manages an efficiency of 0.042 j/Gh, which means it is still a profitable Bitcoin ASIC mining hardware to date. It also features four fans used for cooling purposes. Depending on the electricity costs at your location, expect this device to give off $2.77 per day, and $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

Website: AvalonMiner 1166 Pro

#6) DragonMint T1

Best for low temperature ASIC mining.

The DragonMint T1 is an ASIC mining device manufactured by the Halong Mining Company and utilizes the SHA-256 algorithm. It was released in 2018 and the company collaborated with a Bitcoin Core developer for this purpose. It can mine Bitcoin, Bitcoin Cash, Bitcoin SV, and 7 other cryptocurrencies that use this algorithm.

Some features include power unit certification by the FCC, EMC, LVD, and CE. It features a temperature control technique to cool itself even during hefty mining sessions. The device uses two 9-blade variable revolution 1480W fans at 240V. These ensure the device does not exceed 77 degrees Fahrenheit of temperature.

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

Website: DragonMint T1

#7) Innosilicon A10 Pro

Best for Ethereum mining.

First, there is an Innosilicon A10 Pro+ that hummers at 750 MH/s, which is better than this ASIC mining device. The manufacturer – Innosilicon, retails the device with a 121 day payback period. Being an Ethash algorithm mining equipment, it is used to mine Ethereum. It was released in 2020 and measures 136 x 282 x 360mm by dimensions.

It features a LAN connection and a 10 A power rating. According to Ethereum ASIC mining equipment reviews, it is one of the topmost profitable Ethereum miners out here. Depending on the power costs, you can expect the machine to generate a profit of about $34.78 per day, $1,043 per month, and $12,521 per year. That puts its machine efficiency at around 1.92j/Mh.

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

#8) ASICminer 8 Nano

Best for residential mining.

The ASICminer 8 Nano is very durable and can last for up to 50,000 hours mining crypto. The machine, arguably, will continue working even if 35% of fans are off and can be used in residential areas given the very low noise level compared to any other machine on this list.

As an SHA-256 algorithm mining device, it can mine all coins based on the SHA-256 algorithm. This can be done at a cool efficiency of 0.044 J/GH±10%. The machine measures 500mm x 500mm x 235mm in dimensions. Based on reviews, you can expect this machine to return up to $13.87 per day when mining BTC. With other coins, this profitability varies.

Two people can assemble 50 miners in less than one hour for a mining firm. It hooks through a 10-meter LAN cable and built-in PSU.

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

Website: ASICminer 8 Nano

#9) Bitmain Antminer S17

Best for non-residential multi-crypto mining.

Produced by Bitmain, the s17 is for mining SHA-256 algorithms like Bitcoin, Bitcoin Cash, and Bitcoin BSV. In fact, you can use this device to mine over 40 coins, most of which are still profitable to mine with it. It beats some mining hardware in the list at a profit ratio of 55 percent and 126 percent annual return rate.

The 7nm chip size device features 144 chips and packs in 4 fans to prevent overheating. It has 3 chipboards and the dimensions of the device are 178 x 296 x 298mm. with a payback period of 288 days; it shows Bitmain has confidence when manufacturing the device.

At an electricity cost of $0.1 per kilowatt, you expect this device to generate a profit of $12.26 when mining Bitcoin. That puts your annual profits at $4,474.90. However, the noise levels are too high compared to all the other devices in this list. The hash rate is also a bit way 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

#10) Ebang EBIT E11++

Best for fault-protected board mining.

This Ebang device can mine SHA-256 mining algorithms like Bitcoin. It was released in 2018. Its boards make use of the latest 10mn chip in the mining boards industry. Besides the two boards that work separately, it features a fault protection kit that must be connected to the breakout boards to prevent the possibility of damaging the board powered by 2PSUs.

The Ebang EBIT E11++ can be monitored effectively using cluster management software systems even in large mines. With the right programs, the user can modify IPs, mining pools, and numbers quickly. When used correctly, the profit ratio is 78 percent and the annual return percentage is 77 percent.

The manufacturer also offers a payback period of 470 days. Based on research, it can mine Bitcoin at a profitability rate of $2.22/day.

It employs independent heat sinks that use bonding technology to keep temperatures in check in addition to the cooling fan. The device manages an efficiency of around 0.045j/Gh. However, the noise level is too high and during high noise levels, the device dissipates a lot of heat. Because of the high noise level, it is advisable to use it in non-residential areas.

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

Conclusion

This tutorial discussed the best or top ASIC miners that you can use to mine Bitcoin, Ethereum, and other SHA-256 or ETHASH algorithm coins. Profitability is the number one factor to consider when looking for an ASIC miner, but be sure to also confirm the energy efficiency, heat dissipation, and cooling potential.

It is also advisable to buy a miner you can switch to mining other coins with, and all of those in the list fit that categorization perfectly.

Most of those in the list can be used for non-residential mining but also are great industrial mining options like the Antminer S19 Pro. This is the best mining rig you can get for profitable mining and it is not even the most pricy on our list. Together with the WhatsMiner M30S++, S19 Pro manages hash rates of above 100 Tera hash per second.

We suggest ASICminer 8 Nano for home-based mining, otherwise, all the rest are too noisy for that. If you are looking for the most ASIC Ethereum miner, opt for Innosilicon A10 Pro+ and you can use it to mine other coins after Ethereum fully upgrades to the proof of stake algorithm.

Research Process:
Time taken to research and write this article: 10 hours
Tools initially shortlisted for review: 15
Total tools reviewed: 10

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