Remember when 1Th/s ASICs were a thing? Well, they can no longer compete against a version that’s over a hundred times more powerful. Best ASIC to mine BitcoinĪfter we introduce the best-performing models, we will share other versions which are also the best in their own way. You can’t beat competitors, only cooperate with them(mining pools). If you don’t believe me, watch this video to see who your competitors are. You wouldn’t win a BTC block even with the most powerful ASIC in the world. Whenever you make a profit, remember that you likely need to save a couple of thousand for buying the next model soon.
But the best way to mine Bitcoin is to adapt your tech. We don’t know how the difficulty will keep increasing, if Bitcoin will continue to rise, or if a new model will appear. Otherwise, they may last less than three years or decrease efficiency. When ordering several devices, you need a fan or cooling system to keep them working. You should either keep these in some facility, move, or buy a silent ASIC(not cheap). If you live in an urban area, they may not allow you to use this hardware because of the noise. It’s quite easy to find a model that does at least one of these well, but finding an ASIC that meets all requirements is a challenge.įinally, the perfect model should have solutions for the most common problems ASICs have: Noise: We will be reviewing the ones that approach the closest to this description. Of course, the perfect device doesn’t exist. You may then wait until they depreciate to that range to avoid unnecessary price inflation. You may also find how the newest models that are a bit better cost far more. Mind that the lack of inventory could move the price a lot higher. A smaller model should cost around €1500, while the biggest ones should aim at between €2500 and €3500.With a daily profit of €7-€10, it would ideally earn €250 per month and around €3000 per year. It should offer a yearly return of investment of 100% or more (after you cover the initial cost on year one).For smaller versions, aim between 1Kw/h and 1.5Kw/h. Electricity consumption would be acceptable under 2.5Kw/h and perfect under 2Kw/h.The current ideal point is between 80Th/s and 110Th/s.
Its processing power is high enough to remain useful for years.Here’s our perspective for what makes an ASIC exceptional: The question is, which one should you buy among the dozens of models? Unless you follow the latest releases, you will find half of the store out of stock most of the time. When you look for low prices and high performance, Bitmain Antminers isn’t even a choice. Although Bitmain dominates the current market, you can still find decent versions from brands such as Canaan and MicroBT. We don’t doubt you may have heard of many ASICs we will mention in our list. Is there a better-performing model, even if for a lower price? What’s popular may not be the best!Īre there limited quantities of the newest ASIC chip? But in BTC mining, the proof-of-work system involves competition, so whenever everyone has the same technology, it’s no longer an advantage but a minimum requirement. For example, many would buy the latest Antminer T17. Thinking in absolutes can lead to wrong expectations. What’s the absolute best device in performance? What’s the most reliable and requires little to no maintenance? Which one is the cheapest ASIC with an optimal price-quality ratio? Anything less than exceptional could result in a waste of time and money.Ĥ Conclusion What’s the Best ASIC for Bitcoin Mining?īefore you go and buy the last Bitmain model, let us tell you that the best can mean different things. It is if you work with the best ASIC on the market. It’s not if you plan a €2,000 investment to make your passive income forever. People are taking off, and fewer miners remain on the network making big money. After such a “long” time, the difficulty would have increased again, making it unprofitable.īecause of this dilemma, many have wondered whether Bitcoin mining is worth the costs. Do all of them work three years on average? Unless your model is far advanced to the market, it doesn’t matter. Often when people review ASICs, they wonder how long they will last.
In fact, the same devices that made your money back then are no longer profitable. One thing for sure is, today’s “best” miners have nothing to do with what used to be the best two years ago. It has also raised hash difficulty, making crypto mining more challenging. Efficiency has halved, which increases the necessity for new technologies. We’ve just gone through the most recent Bitcoin halving this year.