Bitcoin Mining Hardware Reviews & Comparison

By: vai de bet:Alexander Reed | Last updated: 1/5/24

Initially, vai de bet:Bitcoin mining was a simple task even home computers could participate in. Today, mining is done by ultra-powerful computers that are designed for that sole purpose. In this post I’ll cover the best mining hardware available today.

Bitcoin Mining Hardware Summary

Nowadays, the only way to participate in Bitcoin mining is through dedicated miners known as ASIC miners. As mining evolves, more and more companies begin manufacturing dedicated hardware. The top Bitcoin miners on the market today are: That’s Bitcoin mining hardware in a nutshell. If you want a deeper understanding of how to choose your miner keep on reading. Here’s what I’ll cover:

1. vai de bet:Bitcoin Mining Evolution
2. vai de bet:How to Evaluate a Bitcoin miner
3. vai de bet:Notable Mining Hardware Companies
   • vai de bet:Bitmain Tech
   • MicroBT
   • vai de bet:Canaan Creative
   • vai de bet:Innosilicon Technology
   • vai de bet:GMO Internet
   • vai de bet:Zhejiang Ebang Communication
   • Bitfury
4. vai de bet:The Best Bitcoin Miners Around
5. vai de bet:Antminer vs. Whatsminer
6. vai de bet:Frequently Asked Questions
7. vai de bet:Conclusion: Who is the winner?

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1. Bitcoin Mining Evolution

Before I get into the various miners on the market today, I want to make sure you’re familiar with what Bitcoin mining is. If you already know about the purpose of mining and how it integrates with the vai de bet:Bitcoin network, feel free to skip this part.

If not, here’s our Bitcoin mining whiteboard video to get you up to speed:

Mining has moved from being something you can do from the comfort of your own home to a specialized occupation that requires a lot of time and capital. Miners evolved from using PCs to GPUs (graphics processing unit) and later on to FPGAs (field-programmable gate array) before reaching their current state of ASIC (application-specific integrated circuit) mining. Today, if you try to mine with anything other than an ASIC miner, you’re in for a disappointment. ASICs are built specifically for Bitcoin mining and are therefore the most efficient type of miner out there. For reference, a single ASIC miner has the equivalent mining power of 700 GPUs. Therefor, the massive move of miners toward ASIC hardware is easily understandable. Clear evidence of this is the Bitcoin network total hashrate, which has exceeded the incredible milestone of 120 exahash per second (that’s 120,000,000,000,000,000,000 hash calculations per second!).

  Image courtesy of blockchain.com Today’s focus is on creating smaller chips for ASIC mining in order to produce more powerful miners. The smaller the chip, the more chips you can put inside a miner, increasing its mining capabilities.

The smallest chip introduced commercially to date is🎐 a 7 nm (nanometer) chip by Bitmain and their Antminer S17. However, 5 nm chips are expected to be introduced shortly by Bitmain and Canaan.

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2. Evaluating a Miner

When you want to evaluate a miner, there are usually three main factors you need to check:

Power Consumption

How much electricity does the miner consume? This is important since you’re going to run a huge electric bill if you mine Bitcoin. This is measured in watts, and the lower the number, the better.

Hashrate

This is how much power the miner has to solve the mining math problem. It basically measures how many guesses the miner can make per second. While a personal computer can make a few million guesses per second, today’s ASICs can make 1*10^12 guesses per second. The higher you hashrate is, the better.

Energy Efficiency

While having a high hashrate is good, if you’re wasting a lot of energy to get it you’ll be losing money in the end. Efficiency is basically calculating how much power is required to generate a single bitcoin. An efficient miner requires less electricity to mine Bitcoin. Efficiency is calculated by dividing energy consumption with hashrate. This way you can effectively measure miners against one another. All of the above factors are important for calculating profitability, so make sure you have them all before proceeding.

Once you have this information, you can insert it into a vai de bet:Bitcoin mining calculator and estimate how many bitcoins you’ll be able to mine per timeframe⛎.

Keep in mind that this calculation will never be 100% accurate since you can’t know for sure the exact difficulty measurement at the moment, or what will happen to Bitcoin’s price a week from today.

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3. Notable Mining Hardware Companies

Bitmain Technologies

The most well-known mining hardware manufacturer around, was founded in 2013 in China and today has offices in several countries around the world.

The company developed the Antminer, a series of ASIC miners dedicated to mining cryptocurrencies such as Bitcoin, Litecoin, and Dash.

Bitmain is also in charge of two of the largest vai de bet:mining pools around: BTC.com and Antpool.

While Bitmain is respected for its technical excellence and reliable delivery, the company is also criticized by many Bitcoin enthusiasts for a variety of reasons:

• Its monopolization of ASIC manufacturing and mining
• Its role in the SegWit upgrade to Bitcoin
• Its support and promotion of Bitcoin Cash
• Its alleged
• Its questionable methods, such as the and the

It’s likely that the bulk of mining equipment today consists of Bitmain miners, based on placing Bitmain’s share of the ASIC market at 70%–80%.

However, since these controversial events and some💜 setbacks and closures, B⛄itmain has adopted a less aggressive business strategy. It’s likely that the bulk of mining equipment today consists of Bitmain miners, based on placing Bitmain’s share of the ASIC market at 60%–70%.

MicroBT

or Bit Micro is a relative newcomer to the space but a successful one; they sold 650,000 ASICs in 2019 and are shaping up to be a strong rival to Bitmain and Canaan. They are based in China, spec𝕴ifically the tech productio🅰n hotspot of Shenzen.

MicroBT manufactures the Wha🤪tsminer range of ASICs, and have so far produced 5 series in this range: the Whatsminer D1, M10, M20, M21, and the current generation M30.

The company has certainly enjoyed a strong start, released some competi🦄tive products, and it will be exciting to follow their development.

Canaan Creative

was founded in 2013 in Beijing by N.G. Zhang. Canaan began as a producer of FPGAs, the mining hardware that preceded ASICs.

In November of 2019, Canaan raised a total of $90 mi𝕴llion by listing on the Nasdaq, a tech-focused stock market in the USA. Canaan was the first ASIC manufacturer to list publicly.

Canaan is the world’s second-largest ASIC producer. The company has a wealth of experience in electronic design and production. It’s clear that this veteran industry player has big plans for its future.

Innosilicon Technology

is a hardware company with design teams in China and North America, Innosilicon pride themselves on providing low cost, high-performance, fully customizable solutions combined with award winning customer design support. Their IP can be found in millions of mobile, multimedia and consumer electronic devices such as: tablets, cell phones, HD set-top boxes, TV, cameras, network devices, computing ICs that have achieved leading market shares. The company has and introduced the Terminator series for mining Bitcoin, with their latest miner being the T3+ Pro.

GMO Internet

*June 2020🌱 up𓂃date: Due to lack of profitability, GMO Internet has .

Japanese giant has also introduced a line of Bitcoin miners. While GMO Internet is mainly engaged in the Internet infrastructure business, it also runs other businesses such as online advertising & media, Internet financial services, mobile entertainment, and of course cryptocurrency.

The company has also launched several crypto exchanges and it runs a mining business and vai de bet:cloud mining contracts.

Zhejiang Ebang Communication

mainly engages in R&D, manufacture and sales of fiber optical telecommunication products. The company is also one of the largest ASIC chip manufacturers in the region. Ebang miners carry the Ebit brand.

On April 2020,, so the company defini🌠tely has big plans for th꧑e future.

Bitfury

is a veteran Bitcoin har༺dware and software co💟mpany formed back in 2011. The company conducts large-scale mining operations on its own and has been known to account for large amounts of the Bitcoin network hashrate.

The company offers several products includiꩵng an 🐷ASIC mining chip called , an enterprise grade Bitcoin mining server called and a portable Bitcoin mining data center called .

The company has data center operations in Iceland, the Republic of Georgia, Canada and Norway, which process and transmit bitcoin transactions.

The blockbox ac by Bitfury

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4. Best Bitcoin Miners for 2022

While you can find a wide variety of miners on the market, it’s highly recommended to use the latest models out there since they will give you the best return on investment. Here’s a short overview of the top miners around.

MicroBT M30s++

The MicroBT M30s++ is billed as the “new hash king” on the company’s website. A bold claim but – at least at the current time – not untrue. Surprisingly, it uses 12 nanometer chips rather than the newer 7 nanometer chips seen in rival miners. It achieves an extraordinary 112 Th/s and is extremely efficient at 31 Joules / TH.

Antminer S19 Pro

Fighting for the title of is the Antminer S19 Pro, from Bitmain – the ASICs veterans. The S19 Pro is a hashing monster that packs a 110 Th/s punch over a 3250W power consumption. With an almost identical price tag, it’s very hard to conclude which of the above 2 is better, at least on paper. 

Antminer T19

The T19 range is the latest and greatest from Bitmain. Launched on the 1st of June 2020, this model was designed in an effort to find a✱ , mainly due to the slow sales of it’s bigger brother, the Antminer S19 PRO.The T19 delivers 84 TH/s with a power consumptio♊n of 3150W, making it a cheaper, less efficient alternative for it’s bigger brother, the S19 Pro.

Antminer S17+

This 7nm miner deployed in March 2019 is Bitmain’s popular and proven miner. The miner can reach 68 Th/s, with a power consumption of around 2680 Watts. It is still able to compete with it’s newer adversaries – if acquired for the right price. 

 

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5. Best Bitcoin Miners Comparison

I compared the leading miners against one another in our Bitcoin mining calculator. For electricity costs I used $0.67, which is the average industrial electrical rate in the US. For sa💮ke of comparison, the average consumer electricity price for the world is $0.12. This rate gives a better idea 🐷of how important low electricity costs are for profitable mining.

Ca😼lculations are done according to June 2020 values. The Bitcoin price at the time of calculation was $9500 and the Difficulty was 15466098935555. For pool fees I used the standard 2% fee that can be found on most pools.

The calculator date is post-halving, so profitability has declined substantiall💫y now that each block mined is only worth 6.25 BTC, down from the previous 12.5.

I compared the results after 1 month of mining since mining stats such as Bitcoin price a🐟nd difficulty change frequently, so using the same results for the course of a year would be unrealistic.

MicroBT Whatsminer M30s++

 

Antminer S19 Pro

As can be seen, “on paper” the S19 Pro sh🐲ows an advantage over the whatsminer M30s++, with both giving away %63-%67 off their profits for electricity expenses. Both are coming off as profitable, even for consumer electricity rates of $0.10 per KWs, which is impossible to say for any of the competing miners available at the time of writin♌g.

Antminer T19

For comparison, for the same mining time period, the Antminer T19 delivers less than a half of the profits of the stronger two miners, for almost the same eleꦬctricity costs (ev🌊en though it was released after them). 

It’s clear that when it comes to efficiency, the T19 is no match for the other miners on this comparison –  but keep in mind that the examples above don’t include hardware costs. In order to get a clear profit calculation you have to factor that in (the mining calc has a field for that as well). 

The reason I don’t include prices in this article is because these miners tend to sell out pretty fast, and most of the time peopl♔e buy them on second hand markets such as eBay or Amazon, so prices can vary a꧑ lot.

For example, prices can vary so much that you may get your hands on a T19 for less than a half of the price of an S19 PRO or an M30s++. As you can imagine, this might put things in a differen🐭t perspective.

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6. Frequently Asked Questions

Can I Use My Computer to Mine Bitcoins?

No you can’t. With the current Bitcoin Network hashrate it would take more than a lifetime to mine successfully using a personal computer. Only dedicated ASIC miners can mine Bitcoin.

How Much is a Bitcoin Mining Machine?

Prices new Bitcoin mining hardware usually revolve around $1000-$2000. On second hand markets, when supply is low (which is usually the case) you can find a premium factor of up to 5x.

What Year Will the Last Bitcoin be Mined?

According to the rules of the vai de bet:Bitcoin halving the last Bitcoin will be mi෴ned somewhere around the year♉ 2140.

Is Bitcoin Mining Still Profitable?

Yes. If you have a powerful ASIC miner and low electricity costs you can still be profitable with Bitcoin mining. However, since Bitcoin’s price and difficulty are constantly changing, it’s important to run detailed calculations before spending money on any miner.

How Many Bitcoin Can You Mine in A Day?

Using the Whatsminer M30s++ and a difficulty factor of 15,466,098,935,555 (June 2nd, 2020) you will be able to 🔴mine 0.00054466 Bitcoins in one day.

How Many Bitcoins are Left?

As of Jun🌞e 🐟2020 there are around 2.6 million bitcoins left to be mined.

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7. Conclusion: Which is the best Bitcoin miner?

The Whatsminer M30s++ and the Antminer S19 Pro emerge as the best options to allow you to make profits over your mining operation – assuming your electrical bill is cheap enough. 

If Bitcoin rises in price again and mining becomes more profitable, more and more companies will🙈 start 𝔉to manufacture Bitcoin mining hardware. is just one example for this.

In turn, this would increase the supply and lower miner prices even more🎀.

Have you tri🎐ed mining with any of these miners? Want to share your experience? Let me know your thoughts in the comments section below.