Cryptocurrency mining is one of the most innovative and exciting ways to participate in the global crypto markets.
However, to mine digital currencies efficiently and therefore profitably, you need the latest crypto mining hardware.
Read on to discover the best bitcoin and crypto mining hardware you can buy to mine cryptocurrency today.
What is Crypto Mining Hardware?
Crypto mining hardware refers to specialized computer hardware used to solve mathematical puzzles that are part of a proof-of-work based cryptocurrency consensus algorithm to secure the network and receive the block reward.
In order for miners to be competitive, they have increasingly adopted more powerful mining hardware. This means that to mine competitively, miners need to invest in super-powerful mining equipment like an application-specific integrated circuit (ASIC). These types of equipment can cost upwards of $500 and the most powerful ones thousands of dollars.
Mining can be profitable if you mine the right cryptocurrency and use proper mining rigs.
Best Crypto Mining Hardware Platforms
ASIC (Application Specific Integrated Circuit) mining rigs are the standard for anyone looking to effectively mine bitcoin (BTC) and other major proof-of-work coins. This class of hardware has only one function and that is to mine cryptocurrencies. The energy produced from mining with ASIC miners is usually calculated in terahashes per second (th/s).
Now let’s take a look at some of the best mining hardware you can buy to start a mining operation from home.
- AntMiner S19 Pro
- WhatsMiner m30s++
- AvalonMiner 1246
- AvalonMiner 1166pro
- DragonMint T1
- EBIT EBIT E11++
1. Antminer s19 Pro – One of the best ASIC mining machines
S19 Pro is the latest generation SHA-256 ASIC algorithm in the mining space. It is currently one of the best ASIC mining hardware machines, and best known for its use in mining bitcoins and other cryptocurrencies with a 256-bit Secure Hash Algorithm (SHA), the best-known hashing algorithm.
The required input voltage of this ASIC miner is 220v. It produces a hash rate of 110 terahashes per second (Th/s) with over 3250 W of power during use, with a power efficiency of 29.5 J/TH, and is currently priced at $2,860.
2. WhatsMiner m30s++ Best suited for industrial farming only
The WhatsMiner m30s is said to have the highest hash rate among commercial SHA-256 miners. This MicroBT mining hardware operates at a hash rate of 112 terahashes per second (Th/s) with a power consumption rate of 3,472 W and is known for its high stability and cost efficiency.
The m30s offer high efficiency, high hash rate and consume 12V of power, and are suitable for industrial agricultural mining.
3. AvalonMiner 1246 – Flexible Auto Alert and Good Cooling Features
The AvalonMiner 1246 is a mining device produced by Canaan Mining with an SHA-256 algorithm. It has a maximum of 90th/s, a power consumption of 3420W and an energy efficiency of 38J/TH, one of the most power-hungry mining hardware. This crypto-miner was first released in January 2021 and is mainly used for bitcoin mining.
One of the important features of this crypto-miner is its flexibility and its ability to adapt to different cabinet sizes. It has an alert system that automatically informs the user in the event of a malfunction affecting the hash rate. It also comes with four fans that help cool the power generated.
4. AvalonMiner 1166Pro – Great option for expert bitcoin miners
Canaan’s AvalonMiner 1166 Pro is another SHA-256 algorithm mining hardware with 81th/s hashing power, 3400W power consumption rate and 42J/TH power efficiency.
This mining hardware provides users with security and quality and comes with an embedded AI chip with a standard hardening design. The AvalonMiner 1166 is a great option for expert Bitcoin miners.
5. DragonMint T1 – Easy to use due to lack of vulnerabilities
The DragonMint T1 is a bitcoin ASIC mining hardware developed by Halong Mining. It uses a SHA-256 algorithm. It provides a maximum hash rate of 16Th/s with a consumption of 1480W and a power efficiency of 0.093d/GH. The DragonMint T1 doesn’t take up much space and is easy to use due to its lack of vulnerabilities.
6. Ebang EBIT E11++ Best for Advanced Crypto Mining
The EBIT E11 is best for advanced crypto and industrial mining. It is an ASIC SHA-256 algorithm mining hardware with low hash rate, providing 44Th/s and power consumption of 1980W, and efficiency of 0.045j/GH.
The hardware offers low efficiency due to its low hash rate. It comes with two hash boards powered by 2 power supplies. It also has a heatsink that allows for better heat dissipation when in use.
Although profitable mining has become more difficult over the years, with the right mining setup, you can still create a profitable crypto mining operation.