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In 2024, the price of Bitcoin is projected to go up after the mid-spring halving. It is never too late to start mining the pioneering crypto asset! In this article, we’d like to share our unbiased rating of the best Bitcoin mining hardware. We hand-picked the devices from different manufacturers and meticulously compared their characteristics. All the solutions that we’ll be talking about are made in China. This country has proved to be a global leader in producing ASICs – and they enjoy a steadily high demand around the world.
When choosing mining equipment, it makes sense to focus on these five parameters:
It would be unfair to say that any specific machine can suit everyone. People differ in their tastes and budgets. Some consumers prefer affordable equipment to place in their homes. They want it to be not too noisy and have an intuitive setup. Others buy rigs to place them at a mining farm located in a remote area with cheap electricity. They don’t care about the sounds that their purchase generates and they aren’t planning to cut down the expenses by sacrificing the performance.
Our list features solutions for all types of miners, from complete beginners to experienced professionals. We won’t indicate the exact prices because they can fluctuate over time — but we’ll mention whether each product is expensive or not.
It is the current flagship product of Bitmain, the leading ASIC manufacturer on a global scale. It delivers up to 200 TH/s, generates a high level of noise and requires large amounts of electricity. Compared to older solutions on the market, it boasts the best ratio of the upfront expenses and the future ROI. It won’t take you too long to break even, especially if you place it in an area with affordable electricity. It is incredibly reliable and perfectly suitable for work after the upcoming halving. By the way, its Antminer S21 Hyd counterpart is the most powerful BTC-mining hardware in the world.
The most obvious runner-up for our rating is available in two variations: 115 TH/s or 120 TH/s. Both consume a lot of power – but most alternatives with a comparable hashrate require even more, so this one deserves to be characterized as energy-efficient. It is loud and it isn’t cheap. You’ll appreciate its ROI and outstanding reliability.
The S19 XP model is available in two variations. The Hyd one scores higher on our list because it relies on water cooling, which drives down its noise level. With its 255 TH/s, it confidently outperforms most competitors. This advantage comes at a price in the literal meaning of this phrase – the machine costs more than many alternatives. Besides, its energy consumption is impressive, so the energy bills might seem prohibitive to some part of the audience.
The computing power of this one is nearly twice as low as that of its Hyd counterpart – but that is pretty much enough for profitable work. Plus, it is noisier because of its four fans. It requires less power, so you won’t have to pay through the nose for the energy.
Before the XP and XP Hyd models hit the market, this one was the leader. It boasts 110 TH/s, coupled with relatively modest electricity consumption. On the flip side, it is a bit costly. But it shouldn’t take you long to break even and start generating income.
With its 14 TH/s, it is hardly suitable for those who are planning to operate on a large scale. But it is a worthy option for entry-level crypto enthusiasts because it is deliciously cheap. It doesn’t need large amounts of energy. However, the level of noise that it produces is comparable to that of more powerful counterparts — so you’d better place it away from your home.
While the previous model was perfect for complete newcomers in the crypto industry, this one is spot-on for those who are ready to upgrade to the next level. It mines coins at a rate of 84 TH/s, is affordable and boasts decent energy efficiency. As for the drawbacks, it tends to be noisy.
Now that we’ve described the most prominent solutions by Bitmain, let’s switch to Canaan, another reputable brand. Before Autumn 2022, its biggest bestseller used to be the A10 model. Now, the A1366 has replaced it.
Its key competitive edge is its user-friendly interface. It will be easy for you to fine-tune the settings of this device and track its efficiency. Due to its 6 fans, it is not too suitable for being placed in your home. Its hashrate reaches 130 TH/s.
This machine is spot-on for advanced miners who prefer to drive down their expenses. It is powerful and noisy. It requires a lot of energy and it solves puzzles at 90 TH/s.
Compared to alternatives from our list, the hashrate of this one is remarkably low – only 3.5 TH/s. It is a firm favorite of entry-level users thanks to its low price and intuitive setup. It doesn’t roar like an airplane engine, so feel free to place it at home.
This series of miners is developed by the MicroBt company. The one that we’d like to start with boasts a hashrate of 126 TH/s. Even though it has only two fans, it is loud and not suitable for home use. Another reason to place it away from your house is its robust electricity consumption. The biggest advantage of this model is its reasonable price. Many other manufacturers charge more for devices with similar characteristics.
With its 212 TH/s, it is one of the most powerful Bitcoin mining rigs on our list. Predictably enough, it costs a lot and consumes large amounts of energy. Even though its name doesn’t hint at it, this machine is equipped with a water cooling mechanism, which reduces its noise level. However, you might still prefer to place it not in your home but in an area with very low electricity costs.
The productivity of this MicroBT Whatsminer is almost twice as low as that of the previous one – and nevertheless, it is powerful. It is noisy and beginners might prefer to avoid it because of its high power consumption. Its target audience is experienced miners who can’t afford the top-performing solutions yet – or their investment strategies are built around the performance of around 100 TH/s.
It is the bestseller of Halong Mining, a credible hardware producer. It is affordable and, as you can easily guess, noisy. It requires modest amounts of energy and operates at 16 TH/s, which is pretty good for private users.
This one belongs to the product range of the Ebang manufacturer. The E11++ stands out from the other solutions with modest electricity consumption thanks to its high hashrate of 44 TH/s. It requires little energy and doesn’t involve huge upfront expenses. With this machine, you should be able to break even fast.
Hopefully, our list allowed you to get a notion of the best Bitcoin mining hardware 2024! There are other worthy options on sale – but you can be sure we included all the main hits in our overview. Relying on the frequency of market updates, we believe our rating will remain relevant at least until 2025. Then, brand-new products should be likely to enter it, outperforming their outdated counterparts.