Topics Crypto
Bybit Learn
Bybit Learn
Intermediate
Aug 11, 2022

19 Best ASIC Miners to Use for ASIC Crypto Mining

If you're thinking of getting started in mining cryptocurrencies, you'll need to have the right tools. While many miners use GPUs to complete mining operations, it's also possible to use an ASIC miner, which can lead to better results. Having an ASIC miner makes it easier to generate profits when mining various cryptocurrencies. This guide will tell you all you need to know about ASIC crypto mining — with details for 19 of the best ASIC miners you can buy.

What Is ASIC Crypto Mining?

ASIC crypto mining is a process that involves using specialized computers to mine cryptocurrencies that use the proof of work (PoW) mechanism. The computers must solve a puzzle to effectively mine crypto.

When using this specific system, a block of information must be verified before being added to the blockchain. The block is outfitted with a complex puzzle, which the ASIC computer device must solve. The first person(s) to solve the problem will be given the opportunity to update the blockchain, which allows this/these individuals to receive some cryptocurrency as a reward.

How Does ASIC Crypto Mining Work?

ASIC miners are tools designed with a single hashing algorithm, which means that only certain cryptocurrencies can be mined. If you want to mine Ethereum, you must do so with the Ethash algorithm. Bitcoin can only be mined via the SHA-256 algorithm. If you want to mine both of these cryptocurrencies, you'll need to buy two separate ASIC miners to facilitate both mining operations.

ASIC miners can be expensive. You'll find that prices for these tools tend to fluctuate in accordance with cryptocurrency prices. When crypto prices and values are on the rise, ASIC miners also cost more. The total money you can earn when performing ASIC mining depends on the cost of your power and the rate at which your ASIC miner of choice consumes energy. Make sure that you take the hashing power of ASIC miners into account before purchasing one. Miners typically range from $100–$120 for every terahash.

It's very difficult to solve PoW puzzles before anyone else. Even with numerous ASIC miners operating at the same time, your possibility of being the very first to solve the primary puzzle is low. The Bitcoin platform comes with a hash rate that amounts to 190 exahash, which equates to one million terahash.

In the event that your ASIC miner of choice has a capacity of 18 terahash per second, your chances of being the first to solve the puzzle is still just one in slightly more than 10 million. To increase your odds, you can enter a mining pool, which allows for hash rates to be combined and any rewards to be split among pool participants.

ASIC Crypto Mining vs. GPU Crypto Mining

If you want to mine cryptocurrencies, you can choose ASIC crypto mining or GPU crypto mining. The majority of cryptocurrencies have been built with the PoW mechanism. Before the introduction of ASIC miners to the market, most miners used the graphics processing units that are readily found in every computer to solve complex equations at a rapid rate.

GPUs effectively decode cryptographic codes in order to verify electronic transactions. Even though GPUs serve many purposes, ASIC miners are designed solely for mining cryptocurrencies. Since ASIC miners center on mining, they’re typically faster and use considerably less energy) than graphics processing units. As for cost, a GPU can be bought at lower cost than an ASIC miner.

What Are ASIC Miners?

ASIC miners — or application-specific integrated circuits — are computerized pieces of hardware which are wired specifically for mining crypto assets. Every ASIC miner is made to mine a certain type of cryptocurrency, which means that an ASIC miner designed to mine Bitcoins can't mine anything else.

Exceedingly complex in their construction, ASIC miners are designed specifically for the purpose of mining cryptocurrency, which is something that these units can do faster than a standard computer. Each ASIC miner has its own hash rate, which refers to the total number of equations that the device can solve in a certain amount of time.

Pros of Using ASIC Miners

There are several benefits that come with using ASIC miners (as opposed to GPUs), which include everything from fantastic performance to high energy efficiency.

Great Performance

Miners can focus on mining just one type of cryptocurrency, which makes it easier for these devices to maintain great, consistent performance. These systems don't need to be optimized for hundreds or thousands of separate currencies, which makes it easier to optimize the system for a single currency. Therefore, the majority of ASIC miners are much more efficient than graphics card units.

Space Efficient

ASIC miners are standalone devices that only need to be plugged into a computer with an internet connection to begin the mining process. In comparison, graphics processing units need other components like a motherboard and CPU cooling to function properly. Make sure that you pair your ASIC miner with a great power supply that can accommodate the device's power needs.

Highly Energy Efficient

These systems are highly energy efficient, which means that any notable drop in a cryptocurrency price doesn't automatically indicate that power costs will be higher than revenues. ASIC miners such as the JASMINER X4-1U are small enough that they only use several hundred watts of power, but still outperform all graphics cards thanks to its efficient mining hardware.

Cons of Using ASIC Miners

Even though ASIC miners are much more efficient than graphics processing units, there are a couple of issues to be aware of.

Can Only Be Used With One Currency

The main benefit of an ASIC miner is also a notable drawback: Each ASIC miner is optimized solely for one cryptocurrency, which means that you’ll need to purchase two ASIC miners if, for instance, you want to mine both Ethereum and Bitcoin.

Centralizes the Market

Even though the crypto market is supposed to be almost completely decentralized, ASIC miners have a certain amount of centralization to them. These devices are much more expensive than graphics processing units, which means that they tend to be centralized among more affluent crypto investors and miners.

How to Mine Crypto Using ASIC Miners

If you want to mine crypto with an ASIC miner, the process for doing so is relatively simple and straightforward. However, it's not simply a matter of plugging in the device and using it for mining.

Choosing an ASIC Miner

The first step in this process involves choosing the right ASIC miner — one with high energy efficiency and great hashing power. Make sure that you don't select an ASIC miner that's outside your budget. The best ASIC miners tend to be the latest ones introduced to the market, which are outfitted with the most modern and advanced features.

Make sure that you have enough space to accommodate the ASIC rig you're setting up. Many miners choose to create a large space in a garage or basement for their mining tasks. The mining rig you create should consist of hardware, motherboards, a power supply, a central processing unit and durable frames to support the devices. The power supply you choose should be able to support the power consumption that your ASIC miners use if you want to avoid complications.

Choosing Mining Software

Mining software involves the computer program that's able to make a link between the the mining hardware, the blockchain and any mining pools. If you purchase the incorrect mining software, you won't be able to connect the hardware to the correct network or pool.

When looking specifically at Bitcoin, some of the most popular pieces of software include BitMinter (which has since shut operations), CGMiner, and MultiMiner. While certain mining software is available for free, the majority of options at your disposal are paid and must be purchased with a subscription.

Join a Trusted Mining Pool

This step involves joining the right mining pool for you. While you might like the idea of being an individual ASIC miner who performs this process on their own, the chances of being the first to solve the block puzzle is exceedingly low, which is why joining a pool is highly recommended. By taking advantage of a mining pool, the computing power of many machines is combined for performing mining operations. Any rewards from these operations are then split between members.

If you want to be certain that the mining pool you join is trustworthy, make sure that you check out the size of the pool. To benefit from a higher hash rate, entering a larger pool might be necessary. In addition, identify when payments are made by the pool in question, and if any minimum payment requirements have been set.

Calculate Crypto Mining Profitability

Despite the unpredictability that comes with crypto mining, there are methods you can use to calculate mining profitability to estimate what your return on investment will be. The most important rates to consider when making these calculations include power consumption, BTC prices, energy costs and the hash rate for your mining rig of choice. You can then calculate profitability by day, month or year.

Best ASIC Miners to Use

While there are many dozens of ASIC miners at your disposal, the following section takes a look at 19 of the best ASIC miners on the market.

Bitmain Antminer S9 XP

The Bitmain Antminer S9 is among the most popular ASIC miners around. In fact, it is an ASIC miner with one of the best bitcoin mining hardware. Over the years, Bitcoin mining has become increasingly difficult, which means that rewards are harder to come by. The S9 has helped to mitigate these issues substantially. In fact, it's possible to make a profit when using a miner like the Bitmain Antminer S9.

Along with the potential for profitability, you'll also benefit from high energy efficiency and great hashing power, which is why this is among the best ASIC miners that you can buy for approximately $400.

Dragonmint 16T

Halong Mining’s DragonMint 16T is among the best ASIC miners due to its new mining hardware. It's based on the SHA-256 algorithm, which means that it focuses specifically on cryptocurrencies that are compatible with this algorithm. This particular miner is highly effective (and potentially profitable) when used for large-scale mining operations.

The main benefits of using the 16T include everything from high efficiency and profitability to strong hashing power and efficient power consumption. The system, however, is somewhat expensive, and can only be used with AsicBoost mining pools. You can purchase the 16T for anywhere from $1,300–$3,000.

Parallel Miner Avalon 741

Parallel Miner’s Avalon 741 is among the best ASIC miners because of its advanced cooling technology, and ease of use. All you need to do is download the firmware, plug the controller in and make sure that all cables are connected to your rig. As a Bitcoin miner, the Avalon 741 is relatively affordable. The main issue with this device is that profits are difficult to come by. It costs between $400–$500.

MicroBT Whatsminer M30s++ 112T

The MicroBT Whatsminer M30s++ 112 T is an extremely powerful system, with a power efficiency that measures at 31 joules per terahash — which makes it among the very few ASIC miners with such a high efficiency rating. Along with Bitcoin, the M30S++ is compatible with all other SHA-256 currencies.

Upon purchase, you’ll receive a limited warranty for six months, and will benefit from the unit’s high hashing power. The M30s++ is among the best ASIC miners you can purchase, with a cost of approximately $3,800. 

Canaan AvalonMiner 1166 Pro

The Canaan AvalonMiner 1166 Pro is one of the best ASIC miners because of its high hash rate and relatively low power consumption. It can be used for mining Bitcoin and other SHA-256 currencies. The 1166 Pro can be profitable, depending on electricity costs in your area.

If you're searching for effective Bitcoin miners that will help you become profitable with Bitcoin mining, the 1166 Pro may be of interest to you. However, the system requires an investment of $3,200.

Innosilicon A10 Pro

The Innosilicon A10 Pro is among the best ASIC miners because of its ability to mine Ethereum and its reputation for facilitating high profitability when compared to other Ethereum miners on the market. In fact, profits can amount to nearly $35 per day. The main issue is that the noise level for this machine can be high. An Innosilicon A10 Pro usually costs around $1,500–$2,000.

ASICminer 8 Nano S

The ASICminer 8 Nano S is considered to be highly durable and long-lasting, which makes it one of the best ASIC miners you can buy. In fact, it should last for as many as 50,000 hours of mining crypto. It has a low noise level, and can be used for Bitcoin mining as well as other forms of SHA-256 mining.

Potential profitability with this unit for Bitcoin is just under $14 per day. Assembly is also simple and straightforward, regardless of your level of experience. This system comes with a built-in power supply. The high up-front cost is the only downside to the 8 Nano S. You can purchase this ASIC miner for around $1,700–$1,800.

Ebang Ebit E11++

Ebang Ebit E11++ is a highly popular device for Bitcoin mining and is among the best ASIC miners because of how it uses the 10nm chip. The mining board is outfitted with a fault protection kit that needs to be directly connected to breakout boards.

Even if you're using the board for larger mining operations, you can properly monitor the system with cluster management software systems. You're also able to modify mining pools and IPs at a quick rate. The payback period for this specific miner is 470 days. One notable feature is its inclusion of independent heat sinks that keep temperatures relatively cool. However, noise levels can be high. You can buy this unit for $3,500–$4,000.

Jasminer X4

The Jasminer X4 supports Ethereum mining as well as the mining of any Ethash cryptocurrency. This model was released in November 2021, and is one of the best ASIC miners because of its fantastic ASIC mining hardware performance, which is as high as 2.5 Gh/s. The power consumption is just 1,200 watts.

To understand how powerful this ASIC miner is, its performance is equivalent to around 80 GTX 1660 Super GPUs, while consuming five times less power. Noise levels are reasonable at 75 dB. If you purchase the X4, you can obtain significant profits. However, the initial cost is very high at around $54,000.

Jasminer X4-1U

The Jasminer X4-1U is considered to be among the most energy-efficient Ethereum miners around, which is why it's among the best ASIC miners money can buy. Noise levels are just 65 dB, which means that it can be used in residential areas. Performance is able to reach as high as 520 Mh/s. The system’s price is approximately $6,000.

StrongU STU-U1++

The StrongU STU-U1++ was first brought to the market in 2019 and is known to have great energy efficiency. This particular miner accommodates mining currencies with the Blake256r14 algorithm, the primary of which is Decred. It comes with a hash rate of 52 Th/s and an energy efficiency of 0.042 j/Gh.

Along with being among the best ASIC miners for less popular cryptocurrencies, this is also one of the more environmentally friendly ones. Decred is available throughout the majority of mining pools. The main issue with this particular system is that availability is relatively low. These units can be bought for $600–$2,000.

Bitmain Antminer D3

The Bitmain Antminer D3 was released before the D5 ASIC in 2018, but is highly popular for its ability to mine the Dash cryptocurrency, which was once thought to be ASIC-resistant.

If you're interested in mining Dash, the Antminer D3 is still the most effective and efficient miner for it. The system is among the best ASIC miners because of its 19.3 Gh/s hash rate. Power consumption is only 1,350 watts. You can buy a D3 for $250–$600.

Bitmain Antminer L3+

Bitmain’s Antminer L3+ is among the best ASIC miners for people who enjoy mining currencies based on the Scrypt algorithm. The L3+ is considerably better than the L3 because of its updated chipset, which has resulted in the L3+ doubling the power draw and hash rate of the L3.

In the event that you're interested in mining Scrypt, this is among the best ASIC miners at your disposal. However, costs are high depending on where you purchase the unit. The L3+ can be purchased for $1,000–$3,000.

Newegg AvalonMiner 1246

The Newegg AvalonMiner 1246 is another highly popular system for Bitcoin mining. It also accommodates mining for Bitcoin Cash. With a power efficiency of around 38 J/Th, you can make more than $3 per day with one of these devices. However, the price of Bitcoin as well as the cost of power will dictate what your profits will be.

The device is equipped with two fans that keep the system cool and push dust away from the dashboard. In the event that the unit ever malfunctions, an alert will immediately be sent to you, which should help you prevent costly damage and problematic network attacks. You can connect the device to your rig with an Ethernet cable. This mining hardware is typically available for around $3,500–$3,700.

WhatsMiner M32-62T-52W

The Whatsminer M32-62T-52W is able to mine any cryptocurrencies that are based on the SHA-256 algorithm. The hardware is easy to set up and deploy, which allows it to be used with nearly every mining farm. Along with Bitcoin mining, the M32-62T supports 10 additional coins.

This system is considered to be among the best ASIC miners because of its fantastic power efficiency. You should be able to generate a potential $10 profit per day. Purchasing one of these units will be costly. In fact, this mining hardware costs around $6,000.

Bitmain Antminer S19

The Antminer S19 is the very latest Bitcoin mining system that Bitmain has placed on the market. The system is ideal for crypto miners who can afford high power voltage. The power supply is automatically provided with the unit.

The hash rate is around 95 Th/s, while power consumption is around 3,250 watts. Setting this ASIC miner up is easy and can be done in just a short period of time. Because of the low heat generated by this unit, it can be used in a dry basement, which makes it among the best ASIC miners if you don't have ample space. Pricing for this mining hardware is $4,300–$5,500.

Bitmain Antminer S5

Bitmain Antminer S5 is an older Bitmain device that provides a considerable amount of value for the money. In fact, the Antminer S5 can be used with a low power supply of just 115 volts, which means that it only draws around 560 watts during mining operations.

Because of the low power requirements, this is among the best ASIC miners for entry-level mining involving Bitcoin and similar cryptocurrencies. The weight of one of these units is also manageable at around 2.5 kg. You can buy second-hand Antminer S5 devices for around $150–$300.

Bitmain Antminer S7

Bitmain Antminer S7 is a somewhat older Antminer model that's still among the best ASIC miners because of its low power consumption, great versatility when paired with a strong power supply, and reasonable profit potential.

However, these systems are known to be sensitive to settings and environments that are warmer than 80 degrees Fahrenheit or 27 degrees Celsius. If you live in a cooler climate, this is one of the best ASIC miners you can buy. The Antminer S7 is available for $700–$800.

Bitmain Antminer T9

The Bitmain Antminer T9 was released back in 2017 and was initially among the more expensive miners on the market. It's considered to have efficiency and performance similar to the S9. However, chip quality and hardware stability are notably improved.

These systems are known to consume upward of 1,450 watts with a hash rate of 11.5 Th/s. While the S9 is slightly better when taking profitability into account, the T9 is more stable and reliable when paired with small-scale mining operations. The Antminer T9 will cost you around $200–$500.

Should You Use ASIC Miners?

ASIC miners can be highly useful for beginning and experienced traders alike. However, the high cost of most ASIC mining devices means that you might want to have at least some experience with mining before purchasing one of these units. Cryptocurrency values will also play a large part in your potential for profitability.

The best ASIC miners can increase your chances of profitability, which is why ASIC mining may be a great option if you can afford it. Make sure that you do extensive research before deciding which of these ASIC miners is right for you.

The Bottom Line

Whether you‘re new to mining or have been mining for years, using an ASIC miner can help you reduce energy consumption and increase your potential for profits. While these devices tend to cost a considerable sum of money compared to GPUs, they're also able to provide a higher return. If you want to get started in ASIC crypto mining, the ASIC miners on this list are sure to provide for all of your mining needs.