Top 10 Best Bitcoin Mining Hardware Or Machine In 2022 Full Updated List
Top 10 Best Bitcoin Mining Hardware Or Machine In 2023 Full Updated List
Are you aspiring to become a Bitcoin miner? Though it’s not an easy business for anyone, still, it can be a very lucrative venture — and especially — if you believe in cryptocurrencies.
Bitcoin mining has many monetary benefits apart from the community work. However, it is a highly competitive business, so you must have an edge in order to be successful in your venture. What does it require to have this edge? Let’s find out.
How to choose bitcoin mining hardware?
Bitcoin mining started using CPUs during the early days. However, today you can use specialized bitcoin mining machines — ASICs (Application Specific Integrated Circuits). ASICs are super powerful yet more energy-efficient machines than CPUs for minting bitcoins.
And as with any venture, you must determine if it’s profitable before you invest in bitcoin mining equipment, right? Well, there are four essential factors — the bitcoin price, your miner hashrate, the Bitcoin network hashrate, and the electricity pricing (in your area) — that defines your endeavor’s profitability.
Let’s understand these factors and how they affect your profits in detail:
Bitcoin price: Since the bitcoin price is totally uncontrollable, you can try to analyze its long-term value for starting a mining business. Of course, it is a crucial factor, so think about price expectations in the future.Miner hashrate: It is the efficiency or speed of the miner to solve the Bitcoin network problems. The miner solves the block problems — or complex mathematical computations — to find the next blocks in the network. A high hashrate miner has a high chance of solving the problems, sealing off the blocks, and thus collecting the block rewards.Network hashrate: It is the efficiency or speed of the network to solve the problems, i.e., the sum of all miners’ hashrates connected to the network. Bitcoin network attracts additional miners over time; hence, the mining difficulty constantly increases, lowering your profit with time.Electricity pricing: ASICs require a high amount of electricity to perform the required computations. It can cut down your profit margin if you live in a country or region where the electricity cost is high. Of course, varied miners utilize a different amount of electricity based per device.
Which is the perfect mining equipment?
An ideal mining equipment will offer a superb high hashrate while consuming almost zero electricity. Of course, it’s not feasible in the real world, but there are some near-to-perfect bitcoin mining hardware — our favorite bitcoin mining equipment — as listed below.
You can determine any bitcoin miner’s profitability using a mining profitability calculator as shared below. You must consider a logical and practical reason behind choosing a bitcoin miner since you cannot switch a mining device as easily as you can switch from an old to the latest smartphone.
Note for given profitability calculations
The profitability metrics given below are computed via Bitcoin Mining Profit Calculator from Buy Bitcoin Worldwide. They consider electricity cost at US$0.1 kW/hour and bitcoin prices at US$4,000 and US$6,000 and use individual equipment’s hashrate and power usage.
We recommend to choose below given bitcoin mining devices
1) Antminer S19 Pro
Best for industrial mining
The Antminer S19 Pro ASIC Bitcoin miner hardware is currently the best cryptocurrency mining hardware with which to mine Bitcoin and other SHA-256 cryptocurrencies. This is given the highest hash rate, efficiency, and power consumption.
At the power efficiency of 29.7 J/TH, this crypto mining hardware generates a profit of $12 daily with an electricity cost of $0.1/kilowatt.
This puts the annual return percentage at 195 percent and the payback period is just 186 days. It operates maximally at a humidity of between 5 and 95%. Like with all other hardware mining for cryptocurrencies, you can connect the device to different mining pools like Slushpool, Nicehash, Poolin, Antpool, and ViaBTC.
Features:
Board built with the next-gen 5nm chip.Size is 370mm by 195.5mm by 290 mm.Features 4 cooling fans, 12 V supply unit, and Ethernet connectivity.
Hashrate: 110 Th/s
Power consumption: 3250 W (±5%)
Noise level: 75db
Temperature range: 5 – 40 °C
Weight: 15,500 g
AntMiner-Bitmain-S19 pro on amazon
2) Whatsminer M30S
DragonX Whatsminer M30S is one of the best cryptocurrency mining hardware that requires no separate host computer or software. It offers a built-in web management portal.
This mining hardware supports a maximum input voltage of 240 Volts and a minimum input voltage of 200 Volts. It is one of the best Bitcoin miner machines that also offer a manufacturer warranty of 180 days. However, if you return it in 20 days, you will be charged a 40% restocking fee.
Key Statistics:
# Hash Rate: 90TH/s (+/- 5%) (depends on cooling.)
#️ Power Consumption: 3600W
# Price: $399.99
# Cost per KW/h in $: 0.12
# ️ Temperature: The WhatsMiner M30S operates best between -5 to 35 degrees Celsius.
# ️ Power Supply: WhatsMiner M30S consumes more power than the AntMiner S19 series and is less efficient at turning electricity into Bitcoins. The M30S generates approximately 83.0 dB of noise when it is operational.
#️ Price: $11,979
Whatsminer M30S on amazon
https://www.amazon.com/Bitcoin-Machine-Whatsminer-Professional-Supplie/dp/B09DC5JNKM
3) Antminer T9+
Best for experimentation, testing miner settings, and operations.
Although not directly sold by Bitmain at the moment, the device is available through different third-party traders and on Amazon and eBay. It features 3 chipboards of 16nm. Released in January 2018, the device is low-cost since you can get it for $430 without the power supply. The device uses an ATX PSU power supply with at least 10 six-pin PCIe connectors.
However, it appears the device has a negative profit ratio of -13% and the return per day is estimated to be around $ -0.71 given the 0.136j/Gh power efficiency. However, NiceHash puts profitability at 0.10 USD per day when mining with it via their pool.
Features:
Features 2 cooling fans.Size is 125 x 190 x 320mm
Hashrate: 10.5Th/s
Power consumption: 1432 W
Noise level: 76db
Temperature range: 0 – 40 °C
Weight: 4,200g
Price: $430
Once the cryptocurrencies are mined using our recommended hardware above, you can automate trading them using the Pionex crypto trading bot. The bot has an inbuilt crypto exchange that supports trading of Bitcoin, Ethereum, and other cryptos using a variety of trading strategies.
Traders also sometimes want to hold their crypto in USDT, USDC, or other stablecoins instead of cashing to USD. Pionex supports USD, USDT, and USDC conversions on the website and via Pionex Lite Android and iOS app.
Features:
16 automated trading bots.Charting features on the spot exchange – take advantage of close to 100 charting indicators to find price patterns either manually or with bot and trade crypto.Leverage trading – multiply your initial capital by up to 4 times and win more profits trading crypto.Trade crypto futures with bots at 15% to 50% APR with low risk.
Antminer T9+. on amazon
https://www.amazon.com/AntMiner-T9-10-5TH-0-136W-Bitcoin/dp/B079G8LH46
4) Ebang EBIT E11++
Zhejiang Ebang Communication, in one of the manufacturing hubs in China, is one of the world’s largest manufacturers of specialized chips for bitcoin mining machines. The company has announced a new generation of its powerful mining devices, which boasts to be better than the previous model — EBIT E10.
EBIT E11++ uses 10-nm semiconductor technology, allowing it to achieve an ideal hashrate of 44TH/s with a power consumption of 2000W. Hence, the hashrate to power consumption ratio for this mining hardware is 45W/T ±10%.
EBIT E11++ uses an independent heat sink with a robust shell material and a special cooling fan, providing excellent heat dissipation and cooling system. Its “Simplify IP” setup allows you to setup it quickly. Moreover, it connects directly to Ethernet, so you don’t require an additional computer to manage it.
You can purchase EBIT E11++ for US$2,024; its package includes the whole machine’s warranty for a half year and the controllers’ warranty for one year. Finally, let us check out its mining profitability using the mentioned calculator. As you’ll see, it doesn’t earn a profit in the current market (BTC = US$4k).
Ebang EBIT E11++ on ebay
https://www.ebay.com/itm/115246314994?mkevt=1&mkcid=1&mkrid=711-53200-19255-0&campid=5338722076&customid=&toolid=10050
5) Bitmain Antminer S7
Bitmain Antminer S7 is a low-cost Bitcoin mining equipment. It is one of the most popular Bitcoin mining hardware because of its lower power consumption. The power supply recommended for using the S7 is 1600 Watts. It is one of the best Bitcoin miners available in the market.
The performance of this Bitcoin miner depends upon the effectiveness of the ambient temperature and the power supply used in the mining process. However, at a room temperature of around 25-degree centigrade, the S7 consumes about 1300 Watts.
This is one of the best Bitcoin miner machines suitable for miners who operate in cooler climates, as cooling costs can significantly cut into profitability compared to warmer regions.
Key Statistics:
# ️ Hash Rate: 2.7 Th/s
# Power Consumption: 697 W + 10%
# Price: US$ 399.99
# Temperature: 77.0 ° F ambient temperature.
#️ Energy efficiency: : 0.25 J / GH + 10%
#️ Power Supply: Not included
Bitmain Antminer S7 on amazon
https://www.amazon.com/Antminer-4-73TH-Fans-Bitcoin-Miner/dp/B014OGCP6W
6) AvalonMiner A1166 Pro
Best for experienced Bitcoin and SHA-256 miners.
AvalonMiner A1166 Pro mining rig mines SHA-256 algorithm cryptocurrencies like Bitcoin, Bitcoin Cash, and Bitcoin BSV. However, you can still mine Acoin, Crown, Bitcoin, Curecoin, and other coins based on the SHA-256 algorithm.
It is a profitable device to mine with. At a $0.01 per kilowatt power cost, you expect $2.77 per day, $83.10 per month, and $1,011.05 per year from the device.
Produced by a company that has manufactured leading mining devices before, it is certainly popular among those mining cryptocurrencies today. At an efficiency of 0.042 j/Gh, the device is one of the most efficient mining hardware around. At 63Th/s efficiency, the device manages an efficiency of 0.052j/Gh.
Features:
It is equipped with four cooling fans.Humidity should be between 5% and 95% for the equipment to operate normally.The size is 306 x 405 x 442mm.
Hashrate: 81TH/s
Power consumption: 3400 watts
Noise level: 75db
Temperature range: -5 – 35 °C.
Weight: 12800g
Price: $1,550
AvalonMiner A1166 Pro on ebay
https://www.ebay.com/itm/224585771149
7. ASICminer 8 Nano
ASICminer Company is another China-based company, which proclaims to be a leader in cryptocurrency mining technologies. It currently offers three mining machines: ASICminer Zeon 180,000 Sol/s, ASICminer Pro — a model with remote radiators suited for industrial mining farms, and ASICminer 8 Nano.
ASICminer 8 Nano is its best offering — a compact miner that uses the powerful AM0815 (8nm) custom-designed chips for ASICs and offers an efficiency of 0.05J/GH ±10%. It can achieve promising hashrate of 44TH/s ±10% like EBIT E11++, but consumes 2100W ±10% — a little more power than EBIT E11++.
ASICminer 8 Nano utilizes an effective closed-loop noiseless water cooling system for efficient cooling. Moreover, the miner can work efficiently even if 35% of the coolers are not functioning. It includes locks and latches for quick assembly, so you can install it on your mining farm in almost no time.
ASICminer 8 Nano costs US$3,900 if you want it shipped to you or US$1,790 if you intend to install it on their farm. The device accompanies a six-month whole warranty, unlike EBIT E11++. Lastly, ASICminer 8 Nano’s profitability is shown underneath using the mining profitability calculator mentioned above.
ASICminer 8 Nano on official shop
https://asicminer.co/shop/asicminer-8-nano-s
8) AntMiner L3+
AntMiner L3+ is one of the fastest Bitcoin miners commercially available in the market. It has a built-in control panel, which means no separate host computer is needed for operation. AntMiner L3+ has a PCI Express connector, and its weight is around 13.23 pounds.
Key Statistics:
# Hash Rate: 504MH/s ± 7
# Power Supply: AntMiner APW3++ recommended.
#️ Price: US$ 1,499.00
# Connector Type: PCI Express
# Item Weight: 13.23 Pounds
# Power Consumption: 800W ± 10% (Sold separately.)
AntMiner L3+ on amazon
https://www.amazon.com/AntMiner-L3-504MH-Litecoin-Miner/dp/B06Y6KTH7P
9) INNOSILICON T3+57T BTC Miner
A yet another China-based company, INNOSILICON is a leader of all crypto mining hardware, thanks to their Terminator2 and Terminator3 series of bitcoin mining equipment. Among these two series, INNOSILICON Terminator3-43T is one of their new next-generation products that made to this list.
Just like the above two devices, INNOSILICON T3-43T is innovative in design with near-unmatched operability. It’s capable of providing a hashrate of 43TH/s ±5% with a usage of 2100W ±10%, thus gaining efficiency of 48.83W/TH. That said, it’s the best bitcoin miner after EBIT E11++ and ASICminer 8 Nano.
INNOSILICON T3-43T includes two fans that supplement its efficient cooling system. It has a built-in web management portal, therefore it does not require a separate host computer or software to manage the miner. Moreover, you can connect it directly to the Ethernet, just like the other two (above) miners.
This miner costs US$2,279. It typically comes with 180-days parts warranty when you purchase directly from the company. Finally, using the mentioned profitability calculator, INNOSILICON T3-43T’s profitability is shown below.
INNOSILICON T3+57T BTC Miner on ebay
https://www.ebay.com/itm/144356433678
10) AvalonMiner 1246
Released in January 2021, the AvalonMiner 1246 is certainly one of the top Bitcoin miner hardware for SHA-256 algorithm coins like Bitcoin and Bitcoin Cash given its high hash rate.
At a power efficiency of 38J/TH, you expect to make between $3.11/day, $93.20/month, and $1,118.35/ year with the device. That depends on the price of mined BTC and power cost in your mining area. It is one of the best Bitcoin mining hardware when looking for advice that accommodates.
Features:
Equipped with two 7-blade fans that help cool. The fan design prevents dust accumulation on the dashboard, hence preventing short-circuiting and prolonging machine lifespan.Auto alert in case of malfunctioning that affects the hash rate. This also helps in hash rate auto-adjusting. This can help prevent or act in case of network attacks and potential loopholes for attacks.Size is 331 x 195 x 292mm.Connects via Ethernet cable and is equipped with 4 cooling fans.
Hashrate: 90Th/s
Power consumption: 3420 watts+/- 10%
Noise level: 75db
Temperature range: 5 – 30 °C
Weight: 12,800 g
Price: $3,890
AvalonMiner 1246 on amazon
https://www.amazon.com/QIO-TECH-Bitcoin-Antminer-Whatsminer/dp/B09BKXSRQ9
Some essential FAQ:
📌 What is Bitcoin Mining hardware?
Bitcoin was originally coded to be mined by CPU power, not GPU. Later on, the Bitcoin developers decided to harness the greater hashing power of GPUs. Here, the Bitcoin miner comes into the picture of specialized hardware with microprocessors designed to mine digital currency. Today, all the standard Bitcoin mining farms consist of bitcoin mining hardware. Otherwise, it is never profitable.
📍 What are the Best Bitcoin Mining Hardware?
Following are the best Bitcoin Miner Hardware:
Whatsminer M30S – Best OverallBitmain Antminer S7 – Best for cheap mining hardware optionAntminer S19 – Best for Industrial miningAntMiner L3+ – Best for beginner and advanced minerAntMiner D3 – Best for Dash mining
📌 What is a Crypto Mining Rig?
It is a barebone computer with multiple graphic cards, or GPUs, in place of a single graphic card. Mining Rigs mostly use AMD and powerful GPUs from Nvidia to handle calculations and require high-voltage power supplies. The popularity of mining may lead to a shortage of graphic cards.
Also Check: Best Mining Software
📍 What are the Types of Bitcoin Miners?
Here are the types of Bitcoin Mining hardware you can get in the market:
📌 CPU miners:
It is an old Bitcoin miner that was used with a normal PC with a regular CPU chip. This type of miner produces a lower amount of Bitcoins than the power cost needed to operate them.
📍 GPU miners:
It is faster and more efficient compared to CPU miners. The major drawback of GPU miners is that they cannot be useful in the current environment of Bitcoin. It will heat up too fast before you get any chance to earn your Bitcoin.
📌 FPGA miners:
FPGA (Field-Programmable Gate Arrays) is an efficient and faster way than CPU and GPU mining. This type of miner consumes less amount of power and provides efficient results. It is good to use an FPGA with operating systems like Ubuntu.
📍 ASIC miners:
ASIC miners are manufactured for a specific intention. It was first released in the year 2013. The ASIC Bitcoin miners are fast, provide much more hash rates, and consume less electricity. It can be used in either 32-bit or 64-bit OSs.
📌 Gridseed miners:
Gridseed miner is the latest crypto-mining technology. It can produce higher hash rates in mining than other Bitcoin miners. It can mine a single Gridseed unit and SHA-256 that comprises 5 GC3355 chips.
This microchip can mine SHA-256 at around 11.25 GH/s and script (encryption method) at approximately 350 KH/s. Gridseed gives the best results to miners in this fast-evolving crypto world. It has gained more popularity due to its high speed, affordability, fast delivery time, and low electricity usage.
📍 What is Bitcoin Mining?
Bitcoin mining is a process of digitally adding transaction records to the Blockchain. It is also known as the crypto mining process that is executed using enormous computing power. Each Bitcoin miner contributes to a decentralized P2P (Peer-to-Peer) network to ensure the payment network is secure and trustworthy.
The Blockchain network is a decentralized P2P network that contains a shared ledger. The network has no central authority, so the transactions are recorded, processed, and validated in the miner’s network. The data shared over in the network is completely transparent. Still, the sensitive and personal data regarding the members’ identity is always anonymous.
Here, the miners require validating blocks of transactions to access their blocked rewards. A new BTC is introduced in the network when a new transaction block is added to the system.
📌 Why Mine Bitcoin?
Here are some important reasons for mining Bitcoin:
It allows transactions to be executed globally without government delays and restrictions.Bitcoin is a currency that is accepted in major countries worldwide.Using this cryptocurrency, you can quickly transfer your money anywhere.You can own money without worrying about transaction and tax fees.
📍 What is the Hash rate?
Hash rate measures your computational power to mine and process transactions on Blockchain like Bitcoin and Ethereum. To earn maximum Bitcoin, you require good computing power.
📌 Is Bitcoin mining legal?
It depends entirely on your geographic location. The concept of mining Bitcoin can threaten government control over the financial markets and fiat currencies. Mining Bitcoin cryptocurrency is illegal in Egypt, Nepal, Morocco, Bolivia, etc. countries.
📍 Which Bitcoin Miner is Most Profitable?
It depends on the electricity consumption of your bitcoin miner hardware and the electricity cost in your region. If you use a powerful bitcoin miner and have low electricity costs, you can be profitable with Bitcoin mining. You can find varieties of options from the market. However, this might completely upturn the crypto mining business.
📌 How are Bitcoin miners paid?
The network recognizes the work of miners and provides rewards for generating new blocks. These rewards can be of two types: 1) a new Bitcoin created with each block, or 2) Fees paid by the user for the network transactions.
📍 How to select mining hardware?
Here are the important selection criteria to choose the best Bitcoin miner hardware:
Purchase a bitcoin miner with a higher Hash rate: To mine Bitcoin successfully, you need to purchase a bitcoin miner with a higher hash rate.Use advanced hardware: Common hardware like CPUs, GPUs, and FPGAs are slow to mine Bitcoin. So, it is better to avoid it and use advanced hardware like Bitcoin miners.Electricity consumption: Check the electricity consumption in Watts. Assuming two devices have the same hash rate, one must select the device that consumes lesser power.
📌 How much does a Bitcoin Mining Machine cost?
The price for new Bitcoin mining hardware depends on how powerful your Bitcoin miner is. However, in the secondary or used markets, when supply is low, you can find a premium factor of up to 5x.
📍 How to find the Best Bitcoin Miner?
There are some factors that you need to take care of while selecting the Bitcoin miner hardware:
Hash rate: You need to find out the hash rate of the Bitcoin miner. The better hash rate costs you more. That is why efficiency is crucial.Efficiency: Bitcoin miners use a large amount of electricity. So, you should buy one that converts the most electricity into Bitcoins.Price: Bitcoin mining hardware price is very important. Cheap mining hardware will mine fewer Bitcoins.
Therefore, you should not buy a Bitcoin miner based on only price or only hash rate. It should be the best Bitcoin miner with good efficiency to get a good profit out of your mining.
📌 What are some known Bitcoin Mining Hardware Companies?
Some common Bitcoin Mining Hardware Companies are:
BitmainDragonXBitcoinMerch
📍 What is Bitcoin Cloud Mining?
Cloud Mining is mining and utilizing a remote data center with shared processing power mostly contracted through a Cloud mining company. This type of mining helps users mine Bitcoins without having to manage their hardware.
📌 How long does it take to Mine a Bitcoin?
It takes around 10 minutes with the ideal equipment and computing power to mine One Bitcoin, no matter how many miners are operational. However, this will also depend on factors like mining equipment used, computational power, and competition.
📌 Can I mine Bitcoin on my PC?
👍Yes. However, the least powerful and profitable way to mine Bitcoin is using a personal computer. It needs a large amount of power consumption and powerful hardware to successfully mine Bitcoin and get rewarded.
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