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By the end of 2020, the blockchain technology has evolved into a global market worth $990 billion. Although Bitcoin is still the most popular cryptocurrency out there, hundreds of new cryptocurrencies have appeared, among which Ethereum sticks out the most. In the beginning, Bitcoin was a token that anyone could mine with a GPU, however, when ASICs (application-specific integrated circuits) arrived, mining Bitcoin and other SHA-256 coins with the GPU became pretty much pointless.
Read more: The Best GPU for Mining Cryptocurrency
Some cryptocurrencies, like Ethereum and Monero, are resistant to ASIC mining as they use completely different algorithms that are optimized for GPUs. This, however, frequently causes massive GPU supply shortages, as both consumers and miners compete for available graphics cards. Running a profitable cryptocurrency mining business in such environment can be really though, since supply can’t meet demand, and you are forced to miss potential profits due to limited amount of available mining tools.
ASIC mining, on the other hand, doesn’t have such problems. Different ASIC miners are always available for purchase, and can be easily found at major online marketplaces such as Amazon, Newegg, or Coin Mining Central. Besides Bitcoin, ASIC miners also let you easily mine cryptocurrencies such as Litecoin, Dash and ZCash, and are often much more profitable than GPUs (depending on the Bitcoin price). In recent years there have also appeared new ASICs (FPGAs) that feature GPU components, and thus enable you to even mine Ethereum and Monero.
In this roundup we’ll show you the best ASIC miners that are currently available on the market. When choosing the right miner for your mining setup, you should pay attention to the miner’s hashrate (mining performance), power consumption, supported mining algorithm, and price. High-end miners usually cost a lot, but are also able to deliver great mining performance, and steady financial income. Cheap ASIC miners are usually good for mining beginners, as they are able to deliver decent daily income alongside satisfactory power efficiency. Some ASIC miners are even more optimized for specific algorithms, such as Kadena, Equihash, or Blake256, so be sure to check them out if you are mining specific cryptocurrencies that use such algorithms.
Best High-End for Ethereum:
Best High-End for Bitcoin:
Best Mid-Range for Ethereum:
Best Mid-Range for Bitcoin:
Best Budget for Bitcoin:
Best High-End for Ethereum: Innosilicon A10 PRO+ 7GB ETH MINER
Release: December 2020 | Hashrate: 750 Mh/s | Power: 1350 W | Noise Level: 70 db | Algorithm: EtHash
The Innosilicon A10 PRO+ 7GB ETH MINER is without a doubt one of the best cryptocurrency miners out there. With a hashsrate of 750 Mh/s, it is able to deliver the same mining performance as 8 individual NVIDIA GeForce RTX 3090 graphics cards, or 25 individual AMD Radeon RX 580 graphics cards. Despite the fact that this is one of the most expensive miners on the market, it actually pays itself off quite well, since it’s able to generate up to $50-70 of daily income, and up to $25,000 of yearly income.
The A10 PRO+ 7GB ETH MINER is a serious tool built for serious mining entrepreneurs. Besides featuring incredible mining performance, this miner can also boast with very low operating cost, high ROI, great longevity, small form factor, low noise, and impressive energy efficiency. Overall, it is hands-down one of the best miners for mining Ethereum.
Best High-End for Bitcoin: Bitmain Antminer S19 PRO
Release: May 2020 | Hashrate: 110 Th/s | Power: 3250 W | Noise Level: 75 db | Algorithm: SHA-256
The Antminer S19 PRO is a well-known high performance Bitcoin miner. Despite its rather high power consumption of 3250 W, this miner is able to generate up to $15-25 of daily income thanks to its impressively high hashrate of 110 Th/s. The Antminer S19 PRO can also boast with high reliability, satisfactory noise output, and consistent mining performance. It is also worth pointing out that the Antminer S19 PRO features components built upon TSMC’s 7 nm manufacturing process, which is why this miner is also quite energy efficient. Overall, the Antminer S19 PRO is still worth a buy, as it can generate up to $7,000 of annual income, provided that the price of Bitcoin remains at $35,000 mark.
Best Mid-Range for Ethereum: Innosilicon A10 PRO+ 6GB ETH MINER
Release: May 2020 | Hashrate: 500 Mh/s | Power: 960 W | Noise Level: 70 db | Algorithm: EtHash
The Innosilicon A10 PRO+ 6GB ETH MINER is similar to its more powerful A10 PRO+ 7GB brother, except it features a lower power consumption, and a slightly lower mining hashrate. Compared to the A10 PRO+ 7GB model, this one has a power consumption of around 950 W, and features 500 Mh/s hashrate. This miner can also boast with rather compact dimensions, and favorable acoustics, which makes it perfect for building advanced mining pools. In recent months, the profitability of this miner has considerably gone up, since it’s now able to generate up to $50 of daily income, and up to $15,000 of yearly income.
Best Mid-Range for Bitcoin: MicroBT Whatsminer M31S
Release: April 2020 | Hashrate: 76 Th/s | Power: 3220 W | Noise Level: 75 db | Algorithm: SHA-256
The MicroBT Whatsminer M31S is one of the best mid-range Bitcoin miners currently available on the market. This fairly affordable miner is able to deliver mining hashrate of 76 Th/s, which can be translated into $10 of daily income, or $4,000 of yearly income. This means that this miner can pay itself off within 8 to 9 months, provided that the price of Bitcoin doesn’t dip below $30,000 mark. The Whatsminer M31S is very easy to setup and run, which is why it’s great for Bitcoin mining beginners, as well as other experienced miners.
Best Budget for Bitcoin: Innosilicon T2 Turbo 37T
Release: September 2019 | Hashrate: 37 Th/s | Power: 3100 W | Noise Level: 75 db | Algorithm: SHA-256
The Innosilicon T2 Turbo T37 is one of the best budget Bitcoin miners out there. Despite being released all the way back in September 2019, this miner is able to offer great price-to-performance ratio due to its low cost and solid mining performance. The T2 Turbo T37 won’t make you rich over night, however, this budget sub-$1000 miner will make you happy, as it’s able to generate between $1 and $4 of daily profit, or up to $1,400 of profits in a single year. The only major flaw of this miner is its rather high power consumption, however, even with that, it is able to deliver stable and consistent income of money. Overall, the Innosilicon T2 Turbo T37 is a fine Bitcoin miner that will be most interesting to mining beginners.
Best Kadena Miner: iBeLink BM-K1
Release: November 2020 | Hashrate: 5.3 Th/s | Power: 835 W | Noise Level: 75 db | Algorithm: Kadena
Kadena (KDA) is a relatively new hybrid blockchain network that functions through a braided, PoW consensus mechanism, and is the first protocol to solve sharding and the Scalability Trilemma. Unlike other blockchain networks that can be efficiently mined with CPUs or ASICs, the Kadena can only be efficiently mined with GPUs and FPGA miners. The iBeLink BM-K1 is probably the best such miner for mining Kadena, as it’s able to deliver hashrate of 5.3 Th/s, and generate between $15 to $30 of daily income. Great thing about this miner is that it features very low power consumption, and is able to pay itself off within half a year.
Best Equihash Miner: Bitmain Antminer Z15
Release: June 2020 | Hashrate: 420 ksol/s | Power: 1510 W | Noise Level: 70 db | Algorithm: Equihash
The Bitmain Antminer Z15 is hands down the best miner optimized for Equihash algorithm. With a hashrate of 420 ksol/s, it is perfect for mining cryptocurrencies such as ZCash, Aion and Hush. This miner weighs around 9 kilograms, and produces noise levels of around 72 decibels. The Antminer Z15 is able to generate around $15 of daily income, and around $5,000-5,500 annual income. Good thing about this miner is that it consumes a reasonable amount energy, which means your electricity bills shouldn’t be as high as if you were using a Bitcoin miner.
Best Blake256R14 Miner: StrongU STU-U1++
Release: July 2019 | Hashrate: 52 Th/s | Power: 2200 W | Noise Level: 76 db | Algorithm: Blake256R14
The STU-U1++ is a miner specifically optimized for mining with Blake256R14 algorithm. This means that this miner is very suitable for mining Decred (DCR) cryptocurrency. Despite its rather high power consumption of 2200 W, this miner is able to deliver very good mining hashrate of 52 Th/s. When you convert this performance into real-world results, the STU-U1++ is able to generate up to $20 of daily income, and up to $6,000 of yearly income. The best thing about this miner is its very cheap price, which means it can pay itself off within 4 to 5 months, provided that Bitcoin’s price doesn’t dip below $30,000.
Best X11 Miner: StrongU STU-U6
Release: November 2019 | Hashrate: 440 Gh/s | Power: 2200 W | Noise Level: 76 db | Algorithm: X11
The StrongU STU-U6 isn’t very power efficient miner, nor it can boast with a high hashrate, but it’s cheap, and it works with X11 algorithm pretty well. With power consumption of 2200 W, and hashrate of 440 Gh/s, this miner can generate up to $10 of daily income, and up to $3,600 of annual income. Despite its rather mediocre specifications, it is a solid miner, as it’s quite cheap, and can pay itself off within four months, which is quite impressive. Provided that you mine cryptocurrencies using the X11 algorithm, this is one of the best miners for such purposes.
Best Eaglesong Miner: iBeLink BM-N1
Release: November 2020 | Hashrate: 6.6 Th/s | Power: 2400 W | Noise Level: 72 db | Algorithm: Eaglesong
Last but not least, the BM-N1 is another very good ASIC miner produced by iBeLink company. This miner is specifically optimized for mining Nervos CKB currency using the Eaglesong algorithm. It features a hashrate of 6.6 Th/s, and a power consumption of 2400 W. Although it’s power hungry miner, it is quite efficient, and offers good profitability. The iBeLink BM-N1 can generate up to $10 of pure daily profit, and up to $6,000 of income a year. It is a bit more expensive miner, however, it pays itself off well thanks to its consistent mining performance, and good Nervos CKB currency stability.
Mining cryptocurrencies doesn’t always require of you to own a high-end GPU. In fact, mining with ASIC miners proves to be a much more predictable and fruitful endeavor, as ASIC miners are widely available for purchase, and are able to deliver very good results. Most profitable ASIC miners cost a lot of money, but they also generate a lot of income, and are able to pay itself off within half a year period. Cheaper ASIC miners are also capable of delivering favorable results, which is why they are good for cryptocurrency mining beginners. We hope our buying guide helped you in search for the information you were looking for. If you still feel confused, and need advice about buying, feel free to post a comment below. We will try to help you.