The 7 Best ASIC Miners in 2024 – Maximize Your Cryptocurrency Profits

The 7 Best ASIC Miners in 2024 – The Most Profitable ASIC Mining Rigs

Cryptocurrency mining can be a highly profitable business, but succeeding in this sector requires a well-thought-out plan, significant capital investment, and knowledge of the latest trends in cryptocurrency mining. We have selected the best ASIC miners available in 2024 to help you get started on the right foot.

Although Bitcoin mining is by far the largest sector of the cryptocurrency mining industry, we’ve also included ASIC miners designed for algorithms other than SHA-256. This is because mining cryptocurrencies other than Bitcoin can be more profitable if timed right, and we wanted to highlight the variety of options in the ASIC miner space.

Without further ado, here is our selection of the best ASIC miners in 2024:

1. Bitmain Antminer S21 XP Hyd – The Most Profitable Bitcoin Miner

At the time of writing, Bitmain’s Antminer S21 XP Hyd is the most profitable ASIC miner for the SHA-256 hashing algorithm used by Bitcoin, Bitcoin Cash, Bitcoin SV, and other popular cryptocurrencies. This hydro-cooled miner can be cooled with antifreeze or water and outputs a hashrate of 473 TH/s with a power efficiency of 12 J/T.

Currently, Bitmain is accepting orders for the Antminer S21 XP Hyd at a price of $14,474 per unit. According to the manufacturer, the miners are expected to ship in Q4 2024. Although the price per unit is high, the Antminer S21 XP Hyd could dominate the Bitcoin mining industry, which has become much more competitive after the fourth Bitcoin halving.

2. Bitmain Antminer KS5 Pro – Best Kaspa ASIC Miner

The Bitmain Antminer KS5 Pro is currently the most powerful ASIC miner specialized for KHeavyHash, the hashing algorithm used by the Kaspa cryptocurrency. This air-cooled miner generates 21 TH/s, is rated at 3,150W, and has a power efficiency of 150 J/T.

The Antminer KS5 Pro’s impressive power comes with a substantial price tag, as Bitmain is selling the miner at $15,000 per unit.

With Kaspa being the most profitable cryptocurrency to mine at the moment, competition in the Kaspa ASIC miner industry is expected to intensify significantly in the coming months.

3. Canaan Avalon Made A1466 – High-Performance Bitcoin Miner by Canaan

The Avalon Made A1466 is a powerful Bitcoin ASIC miner produced by Canaan. This miner outputs 150 TH/s at a power efficiency of 21.5 J/T. The Avalon Made A1466, the flagship model of Canaan’s A14 series, is sold for roughly $1,800 by the manufacturer.

The Avalon Made A1466 is an excellent choice for those needing a powerful Bitcoin miner at a relatively low price per unit.

4. MicroBT WhatsMiner M66 – Powerful SHA-256 ASIC Miner by MicroBT

One of the best alternatives to Bitmain’s Antminer series is the WhatsMiner series produced by MicroBT. One of the company’s most powerful miners is the WhatsMiner M66. This immersion-cooled miner is sold for $4,767 by the manufacturer and outputs a hashrate of 247 TH/s. The miner has a power consumption of 5,452W and a power efficiency rating of 19.9 J/T.

Although this ASIC miner is among the more powerful options available on the market, it also comes with a hefty price tag, which might not make it suitable for all miners.

5. Bitmain Antminer L9 – Best Scrypt ASIC Miner

The Scrypt hashing algorithm is used by two of the most popular cryptocurrencies on the market – Litecoin and Dogecoin. Currently, the best ASIC miner for the Scrypt algorithm is Bitmain’s Antminer L9.

The Antminer L9 generates 16 GH/s at a power consumption of 3,360W and an efficiency of 210 J/G. This air-cooled miner is designed to operate at a temperature of 75 degrees Celsius.

Bitmain is currently selling the Antminer L9 at $11,200 per unit, with the miners expected to ship sometime in Q4 2024.

6. Bitmain Antminer X5 – Best RandomX ASIC Miner

Although Monero’s RandomX hashing algorithm was designed to be mineable by consumer-grade computer hardware, it can also be mined with specialized hardware. Bitmain’s Antminer X5 is currently the most powerful ASIC miner for Monero.

This miner, which Bitmain is selling for $2,999 per unit, outputs 212 KH/s and has a power consumption of 1,350W. In terms of power efficiency, this air-cooled miner is rated at 6.37 J/K. Notably, this miner features the first RISC-V architecture CPU ever produced by Bitmain.

7. Innosilicon A10 Pro ETH – Solid EtHash Miner

Although Ethereum no longer uses a Proof-of-Work consensus mechanism, there are still notable cryptocurrencies using the EtHash hashing algorithm, such as Ethereum Classic. Innosilicon’s A10 Pro ETH is one of the most compelling options for miners needing an ASIC tailored for the EtHash algorithm.

The A10 Pro ETH outputs a hashrate of 500 MH/s and has a power consumption of 860W. The miner has an efficiency rating of 1.92 J/MH.

FAQs

What is an ASIC mining rig?

An ASIC mining rig is a device specialized to mine a specific type of cryptocurrency as efficiently as possible. ASICs (application-specific integrated circuits) are chips designed for a very narrow range of tasks, unlike the chips found in desktop computers, laptops, and smartphones, which perform various tasks.

When it comes to ASIC miners, ensuring a safe operating temperature is crucial. Depending on their design, ASIC miners can use air cooling, liquid cooling, or immersion cooling.

Are ASIC miners profitable?

The profitability of ASIC miners depends on many factors, including the cost of the ASIC miner itself, hosting and maintenance costs, electricity costs, the price trend of the cryptocurrency being mined, and more.

Some cryptocurrencies, such as Bitcoin, can only be mined profitably with ASICs since consumer-grade computer hardware is not powerful enough to mine them effectively.

Can ASIC miners be used for anything else?

The chips powering ASIC miners are designed specifically to mine a certain hashing algorithm as efficiently as possible. Therefore, ASIC miners cannot be used for any other purpose than mining the cryptocurrency/hashing algorithm they were designed for.

The Bottom Line

We hope that our roundup of the best ASIC miners has helped you find the best models for mining popular cryptocurrencies such as Bitcoin, Litecoin, Dogecoin, and Kaspa. Although cryptocurrency mining can be profitable, running a successful mining operation requires a significant amount of capital, resources, and knowledge.