Best ASIC devices for mining cryptocurrency in 2022 (2023)

Best ASIC devices for mining cryptocurrency in 2022 (1)

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Best ASIC devices

1. Whatsminer M32-70 (opens in new tab)

2. Antminer S7 (opens in new tab)

3. AvalonMiner 1246 (opens in new tab)

4. WhatsMiner M32-62T (opens in new tab)

5. AvalonMiner A1166 Pro (opens in new tab)

Read on for our detailed analysis of each device

While there are plenty of ways to get started with mining your own Bitcoin (opens in new tab) (BTC), serious miners use ASIC (application-specific integrated circuit) devices, which are specifically built for the purpose, and more efficient.

In this guide, we’ll try to help you become a profitable Bitcoin miner by highlighting five of the top ASIC mining devices on the market today.

With so many jumping on the mining bandwagon, these devices have become expensive and difficult to buy. In most cases, in addition to the AIC unit you'll also need to purchase a good quality PSU (power supply) for maximum efficiency.

An important consideration when purchasing an ASIC should be how soon you're likely to see a return on your original investment. This is determined by the hash power of the device – i.e. the number of BTC it can generate daily – minus your electricity costs, mining pool fees and current mining difficulty (opens in new tab).

To assist in your decision, we've listed the current price, hash rate and power usage of each device.

While these numbers are helpful, you should also go ahead and use a profitability calculator such as the one available from Coinwarz (opens in new tab) before ordering to estimate your return in BTC. Realize that there are some running expenses that include electricity costs, and mining pool (opens in new tab) fees. A good profitability calculator allows you to precisely calculate your ROI (return on investment).

The exchange rate between Bitcoin and fiat currencies tends to be quite volatile, so one strategy is to cash out quickly by registering with a BTC exchange such as Bitstamp (see our guide on registering with Bitstamp (opens in new tab)).

(Video) Profitable, CHEAP, and In-Stock Bitcoin Miner To Buy In 2022!

  • We also show you how to mine Bitcoins

Best ASIC devices for mining cryptocurrency in 2022 (2)

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1. Whatsminer M32-70

Plug and play mining hardware- at a price

Reasons to buy

+

Reputable manufacturer

+

In stock

Reasons to avoid

-

Requires 220V 20Amp Circuit

The Whatsminer M32-70 (opens in new tab) is manufactured by Whatsminer, a well-known mining equipment manufacturer in the world. Their products are also notable for their compact footprint making it easier to scale up operations as they take up less space.

The Whatsminer M32-70 is a popular mining device, and unlike most of its competition- it’s actually available and in stock at the time of this writing. However, at a price of $6200 it is hardly cheap, and the lower product offerings are out of stock currently. It is a more recent introduction that was first produced for December 2020.

An advantage of this unit, while it does require dedicated 220V power, is that it does ship with an integrated power supply. There is also a fan as well designed to keep the device at peak hashing power. Deployment is simplified as there is an Ethernet connection, and once connected, each miner has an IP Address, and can be controlled via a graphical interface.

Whatsminer regularly improves the specs of its units, so if you buy one second-hand, make sure to check the exact hash power offered. There are also no refunds. A 6 month warranty is offered for the miner, and 12 months for the power supply.

Best ASIC devices for mining cryptocurrency in 2022 (3)

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2. Antminer S7

A potentially canny investment, but tread carefully

Specifications

Cost: Varies

Power usage: 1,293W

Hash power: 4.73 TH/s

(Video) NEW Ethereum Mining 2022! Best Ethereum ASIC miner - FORESTMINER EPU -1C - 2600mh/s FULL REVIEW!

Reasons to buy

+

Less expensive than the S9

+

May provide faster ROI

Reasons to avoid

-

Only available used

The Antminer S7 (opens in new tab) was manufactured by Bitmain and is the previous model to the S9. When the S9 arrived, many miners upgraded, thereby flooding the market with relatively cheap used S7 devices.

While the S7's hash power is about a third of the newer S9, due to the lower cost and the advantage that many second-hand units come with a PSU pre-bundled, you’ll often see a faster return on your investment compared to the S9. The S7 also generally generates less heat and noise than the more powerful S9.

Before going ahead and purchasing an S7, it’s a good idea to check how long it's been in operation to decide how reliable it might be. Also, check the seller's refund policy just in case after you buy there is an issue. For those units that do come with a PSU, make sure it's a good quality one for maximum energy efficiency, such as Bitmain's own AWP3++ power supply which also works with the S9.

Even with a high-end PSU, the S7 is still not as energy-efficient as the S9, as on average it consumes 0.25 Joules of power per Gigahash. The newer S9 is over twice as efficient, requiring less than 0.1 J. Keep in mind that you can still generate a reasonable profit with the S7 if you buy multiple units, or use a renewable energy source such as solar power.

Best ASIC devices for mining cryptocurrency in 2022 (4)

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3. AvalonMiner 1246

Highly praised and relatively wallet-friendly devices

Specifications

Cost: Varies

Power usage: 3,420W

Hash power: 90TH/s

Reasons to buy

+

Top product offering

(Video) Top 5 Best Budget Mining Rigs 2022 : ASIC Bitcoin Mining Hardware Machines

+

Reputable manufacturer

Reasons to avoid

-

Little online support

China-based firm Canaan Creative, claims to be the firm that manufactured the world’s first ASIC miner in 2013, so it's safe to say that the company knows what it’s doing when it comes to Bitcoin mining hardware. Today, they remain the second largest manufacturer and designer globally of Bitcoin mining machines.

The AvalonMiner 1246 (opens in new tab) has a considerable efficiency of 38J/TH to maximize the mining potential. It also has 4 fans that contribute to a noise of 75 dB’s. The unit is also designed for a simple deployment, easy maintenance, and features a built-in AI chip. Rounding out the package is a full 365 day warranty.

Unfortunately, the device isn't available on their website for direct sale, so you'll have to look for it somewhere else. Despite glowing reviews, the devices aren't as well known as Antminers, so if you're new to mining, you may not find much help online.

Best ASIC devices for mining cryptocurrency in 2022 (5)

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4. WhatsMiner M32-62T

A great alternative miner with an impressive warranty

Specifications

Cost: $1075 (£772)

Power usage: 3348W

Hash power: 62 TH/s

Reasons to avoid

-

Currently out of stock

The WhatsMiner M32-62T (opens in new tab) is manufactured by the Chinese firm Pangolin Miner and was released in 2020. The manufacturer's website not only provides detailed information on the miner, but an excellent tutorial video on getting set up. This includes connecting the device via Ethernet and configuring your mining pool settings via the M32's web interface.

While the hash rate is less than the Antminer products, this unit is also less expensive, meaning you could see a return on your investment in under 100 days according to some estimates. While the device draws a lot of power, the M32's built-in fans dissipate the heat quickly and it's noise level is comparable to competing miners. It also has the advantage of a bundled PSU simplifying deployment.

While we have highlighted the entry level ASIC miner, the WhatsMiner M32- 62T, there are other products in the stack for an additional cost up to the WhatsMiner M32-68T, that has computational power up to 68 TH/s. The processor is from Samsung and uses an 8 nm process.

Unfortunately, currently all the various M32’s are sold out. For those that persevere, and manage to find one, a one year warranty is offered.

(Video) How to Choose Best Miners for Beginners? #antminer #asicminers

Best ASIC devices for mining cryptocurrency in 2022 (6)

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5. AvalonMiner A1166 Pro

An impressive miner

Specifications

Cost: $2,199(£1579)

Power usage: 3,400W

Hash power: 81 TH/s

Reasons to buy

+

Much greater hash power

+

High power efficiency

Reasons to avoid

-

Currently out of stock

Here’s another ASIC miner from China-based firm Canaan Creative. The AvalonMiner A1166 Pro (opens in new tab) is a step up in efficiency from the prior AvalonMiner offerings.

The AvalonMiner A1166 Pro also has a power efficiency of 42J/TH, which is quite impressive, and gives it potential for a good return on investment. As the hash rate is also a little lower than that of the AvalonMiner 1246, with a similar power consumption, your decision on whether to choose the AvalonMiner A1166 Pro will probably revolve around price considerations.

At the time of writing, the device is currently out of stock. When the device was announced, Avalon offered the device for sale in bulk quantities, and since it's currently out of stock, the listed price above might be different. Avalon's official redistributor BlokForge (opens in new tab) has also listed the AvalonMiner 1166 for sale in individual units, but the price there is currently $2,199.

Unlike its predecessor, a PSU is included with the purchase, and if/when it comes back in stock bulk discounts are available.

  • We've also highlighted the best mining GPU (opens in new tab)
Best ASIC devices for mining cryptocurrency in 2022 (7)

Jonas P. DeMuro

Jonas P. DeMuro is a freelance reviewer covering wireless networking hardware.

(Video) Asic Mining vs GPU Mining Comparison 2022: Which Is Better?

FAQs

What is the most profitable ASIC miner? ›

The Antminer S19 Pro is the most profitable ASIC miner for Bitcoin and the SHA-256 algorithm for now. It is manufactured by Bitmain, a leading mining hardware manufacturing company, which makes it a top choice among Bitcoin mining firms and individuals.

Is ASIC mining still profitable? ›

Unless you were one of the very first people to mine Bitcoin, CPU mining has never been profitable. There was a time where one could profitably mine Bitcoin with GPUs, but again… today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin in 2020.

What is the best crypto miner right now? ›

The Best Bitcoin Mining Software for 2022
  • Best Overall: CGMiner.
  • Best for Customization: BFGMiner.
  • Best for Ease of Use: MultiMiner.
  • Best Centralized Management: Awesome Miner.

Should I buy an ASIC miner? ›

While it may seem that ASIC mining is better suited to larger enterprises, it does offer a few advantages to individuals looking to earn some passive income. Given their compact size, you could easily house several ASIC units in a modest apartment.

How long are ASICs profitable? ›

The average lifespan of a well-kept, maintained machine can be around 3 to 5 years. Nevertheless, if you keep ASICs in harsh or poor conditions, they can deteriorate in as little as a few months. Contrarily, taking good care of an ASIC miner can prolong their lifespan for more than 5 years.

How much does Antminer s19 make per day? ›

Profitability
Period/day/month
Income$10.99$329.68
Electricity-$9.36-$280.80
Profit$1.63$48.88

How much does an ASIC cost? ›

The ASIC unit price was $1.46.

What is the fastest Bitcoin miner? ›

Best Bitcoin Mining Hardware Machines: Cheap & Profitable
NameCompanyHash Rate
Whatsminer M30SDragonX90 TH/s
Bitmain Antminer S7BitcoinMerch504/ TH/s
Antminer S19‎Bitmain95 TH/s
AntMiner L3+‎Bitmain504MH/s ± 7
1 more row

Which is more profitable ASIC or GPU? ›

ASIC mining is generally more profitable and energy-efficient than GPU mining. ASICs deliver the best mining hash rates. However, the initial capital needed to set up ASIC mining rigs makes it expensive for solo miners, but Minery-hosted mining solves this problem.

What is the most efficient miner? ›

Bitmain AntMiner D3

The D3 is currently the most efficient miner for mining Dash, and offers major competitive advantages over other devices. The D3 delivers a hash rate of 19.3 GH/s, with a power consumption rate of just 1350W. The realized efficiency rate of the D3 is 0.07 J/MH.

What is the easiest crypto to mine? ›

Answer: Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites. It is even mined via crypto jacking. The mining code can also easily be incorporated into apps and websites to facilitate mining.

What should I mine for ASIC miner? ›

ASIC miners are designed for one hashing algorithm, which affects which cryptocurrencies you can mine. For example, Bitcoin is mined through the SHA-256 algorithm and Ethereum is mined through ETHASH. So you'd need an ASIC miner for SHA-256 and a separate rig to mine ETHASH if you wanted to mine both.

How often should you clean ASIC miner? ›

Cleaning your Miner

Try to clean your ASIC bitcoin miner monthly, or as needed depending on your air quality. You will be able to tell when it is needed because you can see visible lint, or because your average daily mining speed drops by more than 5%.

How long do S19 miners last? ›

Keep in mind these machines have a short lifespan, figure approximately 2 years. IF YOU CANNOT FIND AN ANTMINER S19 FOR AROUND 2/2.5K, DO NOT BUY IT!

How long does it take to mine 1 Bitcoin with S19 Pro? ›

Bitcoin Mining Calculator

For example, based on the current hash rate it would take fourteen S19 Pros to mine 1 Bitcoin per month.

What coins can Antminer S19 mine? ›

Antminer S19 Pro is an SHA-256 algorithm mining equipment manufactured by Bitmain, of which Minerset is official reseller. It is able to mine Bitcoin (BTC) and Bitcoin cash (BCH) with a maximum hashrate of 100TH/s for a power consumption of 3050W.

How many Bitcoins can Antminer S19 mine monthly? ›

Of his 261 mining rigs, which include Canaan AvalonMiners, Bitmain Antminer S19 Pros, and Whatsminer M30Ss, 200 are hosted through Compass in Nebraska and Canada. They generate about 2.8 bitcoin a month, or about $111,000, according to digital receipts he provided CNBC.

How many ASICs does it take to mine 1 Bitcoin? ›

You cannot mine just 1 Bitcoin, instead crypto miners will mine one block, with the reward set at 6.25 BTC per block. Each Bitcoin block takes 10 minutes to mine. This means that in theory, it will take just 10 minutes to mine 1 BTC (as part of the 6.25 BTC reward).

How do I start ASIC mining? ›

How To Set Up an ASIC Miner - YouTube

What crypto can you mine with ASIC? ›

Generally, each ASIC miner is constructed to mine a specific digital currency. So, a Bitcoin ASIC miner can mine only bitcoin. One way to think about bitcoin ASICs is as specialized bitcoin mining computers, or “bitcoin generators," that are optimized to solve the mining algorithm.

Can I build my own ASIC miner? ›

No, the ASIC chips used in miners are impossible to craft at home, and to my knowledge no competitive chips are for sale as component parts. Development of new ASIC chips has progressed to a level where it costs millions to create a new template and you need state of the art (<16nm) production to produce them.

Why are ASIC miners better? ›

Energy consumption and efficiency

Remember, hardware manufacturers optimize ASIC miners to produce more hashrate with less energy. Their hashrate output and energy efficiency are their most significant advantages.

Is used ASIC miner good? ›

In terms of used ASIC mining hardware, used graphics cards from mining rigs are not particularly bad picks. But they're still, you know… the hardware used. When you buy Antminer that is already been used, it is been a fantastic way to save money, but it also has its own collection of risks.

Which coin can I mine with my phone? ›

MinerGate Mobile Miner: with this mobile app, you will be able to mine multiple altcoins apart from Bitcoin. Some of the altcoins you will be mining are Dash, Monero, QuazarCoin, MonetaVerde, and DigitalNote. There's also an in-built wallet in the app for users to store the coins they have earned.

What is the best crypto to mine 2022? ›

As of 15 June 2022, the best cryptocurrency to mine for most modern graphics cards is Ethereum (ETH). However, for some graphics cards, such as the Nvidia GeForce RTX 3060 and 3070, the most profitable cryptocurrency to mine is Ergo (ERG).

Can I mine Shiba Inu coin? ›

While Shiba Inu cannot technically be mined, you can tap into workarounds to earn SHIB in exchange for staking, which is a passive process similar to mining.

How much does an AntMiner l7 make a day? ›

0.20 USD / Day

*Please note that values are only estimates based on past performance - real values can be lower or higher.

What are the most profitable crypto miners? ›

Ethereum, verge, dogecoin are the most profitable cryptos to mine, report says. Ethereum (ETH-USD), Verge (XVG-USD) and dogecoin (DOGE-USD) are the top three most profitable cryptocurrencies to mine, according to a recent report by Traders of Crypto.

What is the most efficient miner? ›

Bitmain AntMiner D3

The D3 is currently the most efficient miner for mining Dash, and offers major competitive advantages over other devices. The D3 delivers a hash rate of 19.3 GH/s, with a power consumption rate of just 1350W. The realized efficiency rate of the D3 is 0.07 J/MH.

How much does a Goldshell miner make? ›

Profitability
Period/day/year
Income$0.56$201.94
Electricity-$0.67-$241.57
Profit-$0.11-$39.63

What coins can L7 mine? ›

Antminer l7 mineable coins

It is a dual miner of LTC coin and DOGE coin.

What coins can the Antminer L7 mine? ›

Mineable Coins:
  • Auroracoin (AUR)
  • Emerald (EMD)
  • Litecoin (LTC)
  • Gulden (NLG)
  • Verge (XVG)
  • Florincoin (FLO)
  • GameCredits (GAME)
  • Einsteinium (EMC2)

How much does Antminer L7 cost? ›

Where to buy?
PriceAdditionnals
BT-Miners Trusted vendor$19,000.00PSU included
Safety Miner Trusted vendor$20,995.78 (€20,580.00)Free shipping PSU included
Bitmain Manufacturer$12,800.00-
Bitcoin Merch Trusted vendor$19,999.99Free shipping PSU included
9 more rows

Which crypto is easiest to mine? ›

Answer: Monero is the easiest cryptocurrency to mine now because it can be mined via browser extensions and free software over websites. It is even mined via crypto jacking. The mining code can also easily be incorporated into apps and websites to facilitate mining.

What is the fastest Bitcoin miner? ›

Best Bitcoin Mining Hardware Machines: Cheap & Profitable
NameCompanyHash Rate
Whatsminer M30SDragonX90 TH/s
Bitmain Antminer S7BitcoinMerch504/ TH/s
Antminer S19‎Bitmain95 TH/s
AntMiner L3+‎Bitmain504MH/s ± 7
1 more row

Can I build my own ASIC miner? ›

No, the ASIC chips used in miners are impossible to craft at home, and to my knowledge no competitive chips are for sale as component parts. Development of new ASIC chips has progressed to a level where it costs millions to create a new template and you need state of the art (<16nm) production to produce them.

Can ASIC mine other coins? ›

The beauty of Bitcoin and cryptocurrencies lies in their decentralization. Consistently shining from 2009, Bitcoin is the pioneer of many coins that promise freedom. Freedom does admittedly vary depending on what's at stake.

How much do crypto miners make a day? ›

27, the estimated daily profit for an Ethereum miner using a single GPU was $4.59. For Feathercoin, by way of comparison, miners were estimated to lose $0.58 per day. Obviously, to generate a significant amount of profit, you'd need to host a large number of GPUs using these calculations.

How much can a mining rig make a day? ›

How Much Does A Crypto Mining Rig Make A Day? Depending on Bitcoin's price, a Bitcoin mining machine (like a Whatsminer M20S) makes approximately $12 per day in Bitcoin revenue.

Can you make a living mining crypto? ›

While mining may have been relatively easy in the early days of crypto, it has become a highly competitive business. Still, anyone can theoretically make money from crypto mining. Here's a look at the costs involved in crypto mining and how much you might feasibly earn.

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