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 S21 Hyd – Top of the line hydro cooled miner from Bitmain
- Bitmain Antminer S19j Pro+ – A great performer 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
- Bitdeer SealMiner A2 – Bitdeer’s most effective air-cooled miner
- MicroBT Whatsminer M30S++ – A proven option for Bitcoin miners
- Whatsminer M63S – Whatsminer’s latest-gen SHA-256 miner
- Canaan Avalon A1566 – Canaan’s most effective Bitcoin miner
- Canaan Avalon Made A1466 – An efficient and stable Bitcoin miner from Canaan
The 10 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 S21 Hyd – Top of the line hydro-cooled miner from Bitmain
The Bitmain Antminer S21 Hyd is an extremely powerful hydro-cooled Bitcoin miner from Bitmain, the leading manufacturer of crypto mining hardware. The S21 Hyd outputs a whopping 335 TH/s, although its power consumption is no joke (the miner is rated at 5,360W).
At the time of writing, the Antminer S21 Hyd is the most profitable Bitcoin miner available on the market. However, Bitmain has new miners in the pipeline that could dethrone the S21 Hyd as the most efficient Bitcoin mining device in the world.
Price $8,375 Release Date August 2024 Hash Rate 335 TH/s Power Consumption 5,360W Noise Level 50dB
Buy the Bitmain Antminer S19 Hyd
2. Bitmain Antminer S19j Pro+ – A great performer 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+
3. 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
4. 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
5. 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
6. Bitdeer SealMiner A2
The Bitdeer SealMiner A2 is a SHA-256 miner powered by Bitdeer’s SEAL02 mining chip. The air-cooled SealMiner A2 outputs a hashrate of 226 TH/s at an efficiency of 16.5 J/TH. Bitdeer claims to have designed the SealMiner A2 to be suitable for harsh conditions, as the miner can provide a stable operation in temperatures ranging from -20°C to 50°C.
The SealMiner A2 is not yet available on the market as of November 2024, as it’s expected to start releasing in December 2024. Currently, the miner is priced at around $6,780.
Notably, Bitdeer also offers a hydro-cooled variant called the SealMiner A2Hyd, which outputs a hashrate of 446 TH/s at the same 16.5 J/TH efficiency as the air-cooled model.
Price $6,780 Release Date December 2024 Hash Rate 226 TH/s Power Consumption 3,730W Noise Level 75db
Buy the Bitdeer SealMiner A2
7. 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++
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 between 5℃ and 35℃.
While this is one of the most performant miners on the market, the M63S’ 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 A1566
The Canaan Avalon A1566 is a high-performance Bitcoin miner with a hashrate of 185TH/s and a power consumption of 3420W. It offers power efficiency of 18.5J/TH and features a dual-fan air-cooling system.
The unit is compact, weighing about 14.9 kg, and operates within a temperature range of -5°C to 35°C. It is designed for large-scale mining operations and comes with a 360-day warranty for direct buyers. Shipping starts in Q1 2025.
Price $2,700 Release Date Q1 2025 Hash Rate 185 TH/s Power Consumption 3,420W Noise Level 75dB
Buy the Canaan Avalon A1566
10. 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