Key takeaways
- The Bitmain Antminer S21 Hyd 335T is the most profitable Bitcoin mining machine currently, followed by the Canaan Avalon Made A1266 and MicroBit Whatsminer M50S.
- The Bitmain Antminer S19 XP Hydro (255Th) offers remarkable power efficiency and liquid cooling technology, making it suitable for serious investors.
- The Bitmain Antminer S19j Pro+ balances performance, efficiency, and cost, making it a favored choice among miners.
- The Bitmain Antminer S21 maximizes mining capabilities and offers substantial return potential with a hash rate of up to 335 TH/s.
- The MicroBT Whatsminer M50S provides robust cooling solutions and a balanced performance-to-efficiency ratio.
Although more and more altcoins are created daily, Bitcoin remains a huge force in the overall crypto market, and at the moment of writing this, Bitcoin accounts for around 56% of the total crypto market cap. You want to mine crypto? Might as well go for the big one.
But what are the best Bitcoin miners out there? And, more importantly, how do you know which one is right for you? That’s what this article will cover.
List of the best Bitcoin miners in 2024:
- Bitmain Antminer S19j Pro+ – The best Bitcoin miner 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
- Bitmain Antminer S19 XP – Best value for money
- MicroBT Whatsminer M30S++ – A proven option for Bitcoin miners
- Bitmain AntMiner S19 Pro – An older crypto miner with excellent power efficiency
- Whatsminer M63S – Whatsminer’s latest-gen SHA-256 miner
- Canaan Avalon Made A1466 – An efficient and stable Bitcoin miner from Canaan
Best Bitcoin miners for 2024
You’ll need to select the best Bitcoin miners for 2024 to maximize your mining efficiency.
These mining rigs are engineered to provide optimal performance and potential returns based on Bitcoin price fluctuations and mining difficulty levels.
1. Bitmain Antminer S19j Pro+ – The best Bitcoin miner overall
The Bitmain Antminer S19j Pro+ stands out as the best Bitcoin miner overall in 2024, leveraging its impressive hash rate of 120 TH/s to deliver exceptional efficiency and reliability.
This jack-of-all-trades model consumes 3,355 watts and features advanced cooling systems critical for maintaining performance and stability during operation.
You can expect a solid return on investment due to its high hash rate and comparatively lower operational costs, particularly in regions with favorable electricity rates.
The Antminer S19j Pro+ is favored for its proven reliability and balance between performance, efficiency, and affordability.
| Price | $1,895 |
| Release Date | December 2022 |
| Hash Rate | 120 TH/s |
| Power Consumption | 3,355W |
| Noise Level | 75dB |
2. Bitmain Antminer S21 – The most powerful BTC mining rig on our list
The Bitmain Antminer S21 stands out as the most powerful BTC mining rig on the 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 may 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 |
3. Bitmain Antminer S19 XP Hyd – A Bitcoin mining powerhouse
The Bitmain Antminer S19 XP Hyd offers a remarkable hash rate of 255 TH/s, which makes it one of the most powerful Bitcoin mining rigs available in 2024. This rig is very efficient, so it allows for optimal energy consumption while maximizing mining output.
The innovative hydro-cooling technology significantly reduces operational noise levels, and as a result, this miner is quieter than you’d expect for a miner of this power. Launched in October 2022, it has quickly garnered a reputation for reliability and advanced performance in the competitive mining market.
The Antminer S19 XP Hyd is typically priced under $7,000. It’s a premium yet sought-after option for serious miners.
| Price | $6,651 |
| Release Date | October 2022 |
| Hash Rate | 255TH/s |
| Power | 5,346W |
| Noise Level | 50dB |
4. MicroBT Whatsminer M50S – A popular crypto mining rig from MicroBT
Among the top Bitcoin miners in 2024, The MicroBT Whatsminer M50S is another impressive crypto machine from MicroBT’s line of Bitcoin mining rigs. This mining rig operates at a hash rate of 127 TH/s, so it’s more than suitable for competitive Bitcoin mining operations.
Its power consumption is approximately 3,276 watts, which is a nice balance between performance and energy efficiency. The efficiency rating of the M50S is roughly 26 J/TH, indicating a moderate level of energy usage relative to its hashing capability.
Priced around $2,000, it positions itself as an appealing choice for miners who want effective performance without excessive costs.
| Price | $2,055 |
| Release Date | July 2022 |
| Hash Rate | 127TH/s |
| Power Consumption | 3,276W |
| Noise Level | 75dB |
5. Bitmain Antminer S19 XP – Best value for money
Yes, we’re back to Bitmain, but what can we say – there’s a reason they dominate the Bitcoin miners field. Their Bitmain Antminer S19 XP is a mining rig with an excellent price-to-performance ratio.
This powerful miner achieves a high hash rate of 141 TH/s and is one of the most efficient options available.
You can expect to pay around $3,000 to $4,000 for the Antminer S19 XP. This is a very appealing price-to-performance ratio compared to most other options on the market.
This mining rig incorporates advanced cooling solutions to maintain optimal performance, ensuring durability and reliability during extensive mining operations.
Where the S19 XP excels is low power consumption while maintaining a high hashrate and excellent connectivity, which allows numerous S19 XPs to be used simultaneously for maximum mining output.
The S19 XP can be an excellent choice if you are thinking about joining a mining pool to secure the Bitcoin network (or Dogecoin, Litecoin, and other supported PoW networks).
| Price | $3,589 |
| Release Date | July 2022 |
| Hash Rate | 141TH/s |
| Power Consumption | 3,032 |
| Noise Level | 75dB |
6. MicroBT Whatsminer M30S++ – A proven option for Bitcoin miners
The MicroBT Whatsminer M30S++ miner boasts a hash rate of 112 TH/s, and has been one of the most popular MicroBT’s miners. 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.
The Whatsminer M30S++ operates with a power consumption of 3472 W, at an efficiency of 31.00 J/TH, which shows high effectiveness in terms of energy usage relative to its performance.
The Whatsminer M30S++ is known for its ease of use, allowing you to quickly set up and begin mining with minimal technical knowledge.
While the product has been in the market for almost four full years, it is still considered one of the best solutions out there in terms of the price-to-performance ratio.Its specifications make it a competitive choice in the market.
| Price | $1,992 |
| Release Date | October 2020 |
| Hash Rate | 112TH/s |
| Power Consumption | 3,392W |
| Noise Level | 75dB |
7. Bitmain AntMiner S19 Pro – An oldie but a goodie
Introduced in 2020, the Bitmain AntMiner S19 Pro remains a viable option for Bitcoin mining in 2024, thanks to its excellent power efficiency. With a hash rate of 110 TH/s, it operates at a power consumption of 3250 Watts, yielding an energy efficiency of approximately 29.5 J/TH.
This miner is designed with built-in power supply features, simplifying the setup process for users. It’s powered by the Bitmain BM1397 chip, which is a custom-designed ASIC chip for Bitcoin ASIC miners. Bitmain AntMiner S19 Pro also features a quadruple-fan cooling system that helps to keep it cool during operation.
The Bitmain AntMiner S19 Pro is recognized for its established reliability and performance metrics. Its average payback period ranges from 6 to 12 months, positioning it as a solid investment in the competitive mining landscape.
The only downside of the S19 Pro is that it is a bit older than some other products on our list and that it doesn’t necessarily boast the best ratio between power consumption and hash rate out there.
| Price | $1,715 |
| Release Date | May 2020 |
| Hash Rate | 110 TH/s |
| Power Consumption | 3,245W |
| Noise Level | 75dB |
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 406 – 416 TH/s of hashrate, making it one of the most powerful options on the market.
Utilizing the SHA-256 algorithm, the M63S is designed for serious miners looking to maximize their output while managing energy costs effectively. With a power consumption of 7308 watts, it achieves a power efficiency of approximately 18.5 J/T.
One of the most innovative features of the WhatsMiner M63S is its hydro-cooling system, which enhances cooling efficiency and operational stability. This system allows the miner to maintain optimal performance even under heavy workloads. This makes it suitable for large-scale mining operations.
The physical dimensions of the M63S are 86mm x 483mm x 663mm, and it weighs 27.5 kg, which is manageable for installation in various mining setups. The miner operates effectively within a temperature range of -5°C to 35°C.
While this is one of the most performant miners on the market, the M63S’ power comes at a price. At the time of writing, you can purchase the M63S for between $6,800 and $7,500.
| Price | ~ $7,000 |
| Release Date | October 2023 |
| Hash Rate | 406-416 TH/s |
| Power Consumption | 7,215W |
| Noise Level | 50 dB |
9. Canaan Avalon Made A1466 – An efficient and stable Bitcoin miner from Canaan
The only item on our list that doesn’t come from Bitmain and MicroBT, 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.
The miner’s design is robust, measuring 271 x 192 x 292mm and weighing 13kg. It makes sure that it can withstand the rigors of continuous operation in demanding environments.
The Avalon A1466 is equipped with a state-of-the-art cooling system that includes two powerful 12050 fans, ensuring optimal performance even in hot conditions. Its wide operating temperature range of -5°C to 35°C and humidity tolerance of 10% to 90% further demonstrate the miner’s versatility and reliability.
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.
Bitcoin mining profitability: Is mining Bitcoin still worth it
Bitcoin mining profitability hinges on several critical factors. These include:
- Bitcoin price fluctuations
- Hardware costs
- Electricity expenses
- Network difficulty
You need to consider these variables to determine if mining Bitcoin is still worth it.
The ongoing fluctuations in Bitcoin prices significantly affect miners’ earnings, especially during bear or bull markets. High-end mining rigs typically have a payback period of 6 to 12 months, depending on the initial investment, operational costs, and market dynamics.
Electricity costs are another obvious factor. With average U.S. rates at approximately 16-17 cents per kWh, they significantly impact overall margins and potential profitability for miners.
Also, mining difficulty adjusts every two weeks based on network hash rates, so you must regularly monitor these metrics to assess your position within the competitive landscape.
Use mining profitability calculators, as these can help you accurately estimate returns based on your specific hash rates, power consumption, and current Bitcoin market conditions. These tools provide a clearer picture of whether mining Bitcoin remains profitable for you.
Choosing the right mining rig
Choosing the right mining rig is a vital step in making sure your Bitcoin mining operation is profitable and sustainable.
When selecting a mining rig, you should consider the hash rate, which directly affects your chances of successfully mining Bitcoin and is measured in terahashes per second (TH/s). A higher hash rate increases your likelihood of solving the complex math problems required for Bitcoin mining.
You also need to evaluate the energy efficiency of the rig, indicated by joules per terahash (J/TH), to minimize electricity costs, as this represents a significant portion of your overall operational expenses.
Assess the total cost of ownership, including the initial purchase price, electricity costs, and maintenance, to determine the rig’s long-term profitability. Also, consider noise levels, especially for home setups, as some mining rigs can be quite loud and may require additional soundproofing solutions.
Frequently Asked Questions
What factors should I consider when choosing a Bitcoin miner?
When choosing a Bitcoin miner, consider the following key factors:
- Hash Rate: This measures the computational power of the miner and directly affects your chances of successfully mining Bitcoin. The higher the hash rate, the better.
- Energy Efficiency: Look for a miner with a low energy consumption rate, measured in joules per terahash (J/TH). This minimizes electricity costs.
- Cost of Ownership: Consider the initial purchase price, electricity costs, and maintenance. The total cost of ownership will help you determine the long-term profitability of the mining rig.
- Noise Levels: Some mining rigs can be very loud, making them unsuitable for home setups without proper soundproofing.
How profitable is Bitcoin mining in 2024?
This really depends on several factors:
- Bitcoin Price Fluctuations: The volatile nature of Bitcoin prices can greatly influence your earnings. The higher the price – the more profitable it is.
- Electricity Costs: High electricity rates can reduce profitability, especially in regions where electricity is expensive. The average electricity cost in the U.S. is around 16-17 cents per kWh.
- Mining Difficulty: This adjusts every two weeks based on the total network hash rate. A higher difficulty means it’s harder to mine Bitcoin.
- Hardware Efficiency: High-end mining rigs usually have a payback period of 6 to 12 months, depending on the initial investment and operational costs.
Is it possible to mine Bitcoin using a mobile phone?
Yes, it’s technically possible to mine cryptocurrencies using a mobile phone, but it’s not really feasible due to the high computational power required. Bitcoin mining today requires specialized hardware, such as ASIC miners, which are far more powerful and energy-efficient than mobile devices. Mining on a mobile phone is more suited to altcoins using crypto mining apps.
The bottom line
Long away are the days when you could mine Bitcoin using your own personal computer with a regulator GPU or even CPU. Today, you’ll need powerful specialized hardware to mine BTC, and even with that hardware, mining a single Bitcoin can take a lot of time.
If you want to try mining crypto but don’t necessarily have the resources for a Bitcoin mining machine, you can consider trying out mining crypto on your mobile phone.
In 2024, the best ASIC miners showcase advanced technology and efficiency. Models like the Bitmain Antminer S19j Pro+ and the Bitmain Antminer S21 lead in performance. The Antminer S19 XP Hyd offers innovative hydro-cooling technology, while the MicroBT Whatsminer M50S and the Antminer S19 XP provide excellent price-to-performance ratios. These rigs offer reliable operational capabilities, making them top choices for crypto mining.
