Best Crypto Mining Rigs, Rated and Reviewed for 2024

With Ethereum’s move to Proof of Stake and more competition than ever to mine bitcoin, the heat is on (so to speak) for miners to find new ways to remain profitable. And, relying on old GPUs won’t cut it anymore: you need a blazing-fast computer and plenty of power to make money in crypto mining in 2024.

This resource is for you if you’re a miner looking to stay competitive in a challenging market. We’re proud to present our list of Best Mining Rigs for 2024, rating the top computers on price, energy consumption, and ability to mine multiple coins. Read on!

 

---

AntMiner S19 Pro

• Price in USD: $1,070

• Hash Power: 110 TH/s

• Energy Consumption: 3250 W

• Number of Minable Coins: 31

Also manufactured by Bitmain, the Antminer S19 Pro is the next generation of crypto mining equipment. It features a high-performance, 7nm ASIC chip, giving it an impressive hash rate of 110TH/s. That performance comes at a price: the rig requires 3250 watts to run. The Antminer S19 requires an Ethernet connection and mines popular cryptocurrencies like bitcoin and Ethereum.

Offering one of the best hashpower-to-price ratios on this list, the AntMiner S19 Pro gets our vote for the top pick with a BMJ score of 4.5.

(BMJ Score:4.5)

---

AvalonMiner 1246

• Price in USD: $1,239

• Hash Power: 90 TH/s

• Energy Consumption: 34200 W

• Number of Minable Coins: 11+

AvalonMiner 1246 is an ASIC miner from Canaan Creative. It has dual fans and uses algorithms to monitor its performance. This cryptocurrency miner rig has many features, such as a high hash rate, a fast delivery rate, and automatic monitoring for fault and shutdown notifications. However, anyone considering using the AvalonMiner 1246 for crypto mining must weigh its positive features against the high power usage and noise volumes.

Dropping from its previous price of nearly $5,000, AvalonMiner 1246 has launched itself to the second spot with a score of 4.0.

(BMJ Score: 4.0)

---

WhatsMiner M30S++

• Price in USD: $1,902

• Hash Power: 112 TH/s

• Energy Consumption: 3472 W

• Number of Minable Coins: 4+

The WhatsMiner M30S++ is an ASIC crypto mining rig running on a 12nm mining chip.  It’s suitable for GPU miners who want to mine multiple cryptocurrencies such as bitcoin, Bitcoin Cash, Elastos, and Syscoin.  Miners can connect the WhatsMiner M30S++  with up to four GPUs, and while the hash rate is impressive, the machine is the most power-hungry on our list.

This will be it if you’re looking for the most powerful rig on our list. But with power comes high energy requirements, so we’ve given this piece a 4.0

(BMJ Score: 4.0)

---

ASICMiner 8 Nano

• Price in USD: $799

• Hash Power: 44 TH/s

• Energy Consumption: 2100 W

• Number of Minable Coins: 9+

Consuming 2100W, weighing only 27kg, and using the SHA-256 algorithm at 44Th/s, the ASICMiner 8 Nano is a popular option for many small-scale miners. The water cooling system means the entire rig runs at a maximum temperature of 45°C. Its relatively low price, low heat production, and low noise levels (47db) make this product great for at-home use. Not many tokens are supported, though.

Perfect for small-scale miners, the ASICMiner 8 Nano gets a 3.5 from us.

(BMJ Score: 3.5)

---

Antminer T9+

• Price in USD: $250

• Hash Power: 10.5TH/s

• Energy Consumption: 1432 W

• Number of Minable Coins: 40+

The Antminer T9+ is a popular ASIC crypto mining rig for mining bitcoin and many other assets. It comes with a hash rate of 10.5 TH/s and a power consumption of 1432 watts. The Antminer T9+ is the successor to the Antminer S9, one of the most popular ASIC miners. It is an excellent option for those looking to mine cryptocurrencies that use the SHA256 algorithm.

Small-scale miners love the Antminer T9+ for its affordability and size. This niche crowd favorite gets a 3.0 because of its power consumption.

(BMJ Score: 3.0)

---

Bitmain Antminer S5

• Price in USD: $500

• Hash Power: 1.155TH/s

• Energy Consumption: 590 W

• Number of Minable Coins: 5+

Bitmain Antminer S5 is one of the most popular ASIC miners on the market today and with good reason. Its low price makes it affordable for investors wanting to investigate crypto mining without committing too much financially. However, the low price comes with tradeoffs: it has a relatively low hash rate and only mines a handful of cryptocurrencies.

The affordable, entry-level option, the Bitmain Antminer S5, is a solid mid-tier option for those looking to set up their first rig.

(BMJ Score: 3.0)

---

Bitmain Antminer S17

• Price in USD: $1,600

• Hash Power: 56 TH/s

• Energy Consumption: 2520 W

• Number of Minable Coins: 32

The Bitmain Antminer S17 runs on the second-generation BM297 chip, a 7-nanometer chip also used on the Antminer S15. As electricity is the miner’s most costly expense, the Antminer S17 allows for two operation modes, “Low Power” and “Normal,” which enables miners to manage their electricity costs dynamically. Weighing 11kg and generating 82 decibels of noise, the Bitmain Antminer is likely a better option for the mining professional than the hobbyist.

The Bitmain Antminer was once the premier choice for individual miners and large-scale operations. As technology has improved, its price-to-hash-power ratio has since fallen further behind. We give this a score of 3.0.

(BMJ Score: 3.0)

---

AvalonMiner A1166 Pro

• Price in USD: $3,890

• Hash Power: 81 TH/s

• Energy Consumption: 3400 W

• Number of Minable Coins: 32

The AvalonMiner A1166 Pro provides a high-quality solution for cryptocurrency mining. It’s an ASIC miner for mining bitcoin, Bitcoin Cash, Litecoin, and other coins that use the Scrypt or SHA256 algorithms. This crypto-mining rig offers an advanced cooling system and an efficient mining speed of 81TH/s. However, it also has considerable noise levels and is power-hungry, meaning it won’t suit every crypto miner.

Its going price has nearly doubled since we last reviewed the AvalonMiner A1166 Pro. We’ve given it a 2.5.

(BMJ Score: 2.5)

---

PangolinMiner M3X

• Price in USD: $800

• Hash Power: 12.5 TH/s

• Energy Consumption: 2050 W

• Number of Minable Coins: 31

The PangolinMiner M3X is an affordable, energy-efficient crypto-mining device and works at temperatures up to 70°C. Its design is reminiscent of the AvalonMiner 761, requiring a 180-240V voltage. The PangolinMiner M3X works on the SHA-256 algorithm.

Other options at this price range give you more hash power with similar energy requirements, we’ve given the PangolinMiner M3X a 2.5.

(BMJ Score: 2.5)

---

InnoSilicon A10 Pro

• Price in USD: $3,700

• Hash Power: 500 MH/s

• Energy Consumption: 950 W

• Number of Minable Coins: 49

The Innosilicon A10 Pro is used primarily for the Ethash algorithm. It can mine Ethereum Classic with an estimated power consumption of 950W, making the InnoSilicon A10 Pro one of this list's least electrically demanding choices. Unfortunately, the InnoSilicon has a maximum hash rate of 500Mh/s, lagging far behind the other options on this list.

Because of its hash rate, it’s difficult to justify the price point. The A10 Pro gets a 2.5.

(BMJ Score: 2.5)

---

WhatsMiner M32-62T

• Price in USD: $4,200

• Hash Power: 62 MH/s

• Energy Consumption: 3250 W

• Number of Minable Coins: 32

The WhatsMiner M32-62T is a mining rig that small-scale miners can use. It mines bitcoin, Terracoin (TRC), and Acoin, among others. It’s power-hungry, but on the plus side, it has built-in features like dual fans and mines a good mix of crypto assets. With a performance rate of  62TH/s, the WhatsMiner M32-62T isn’t as efficient as some other models, and its high noise level may not be suitable for residential areas.

What you’re getting in a good mix of minable crypto assets, you’re losing in hash power. With more powerful options at cheaper price points, we give it a 2.5.

(BMJ Score: 2.5)

---

DragonMint T1

• Price in USD: $2,783

• Hash Power: 16 Th/s

• Energy Consumption: 1480 W

• Number of Minable Coins: 42

The DragonMint T1 is an ASIC crypto miner for bitcoin and other cryptocurrencies. It’s got ASICBoost to enhance power efficiency. This ASIC miner has a high hash rate, includes DM8575 chips, and is priced competitively. It has a range of features designed for long-term use, including excellent heat dissipation to prevent damage from overheating.

Despite its efficiency, the DragonMint has one of the lowest hash powers on this list. We give it a 2.0.

(BMJ Score: 2.0)

---

Ebang EBIT E11++

• Price in USD: $3,700

• Hash Power: 44 TH/s

• Energy Consumption: 1980 W

• Number of Minable Coins: 32

The Ebang EBIT E11++ is a new generation of crypto mining machines. It has a high-performance overclocking-enabled processor and provides relatively stable power. These features help to improve mining efficiency and can decrease energy costs. It has a 10nm code chip, Ethernet connection, and a noise level of 75db, meaning it’s more suitable for remote locations. In addition to bitcoin, the Ebang EBIT E11++ mines Terracoin and eMbark (DEM).

Its hashpower-to-price ratio is similar to that of the A10 Pro, and it’s one of the worst on this list, so we give it a 2.0. There are much better options for cheaper. It’s hard to justify a higher score.

(BMJ Score: 2.0)

---

Which Cryptos Should I Mine?

Before purchasing a miner, please consider the “network difficulty” for each cryptocurrency you wish to mine. The difficulty determines how much hashing power you’ll need to mine blocks.

This difficulty has given rise to bitcoin mining pools, as bitcoin is simply unprofitable to mine by yourself, as this graph from blockchain.com shows.

That said, there are still many cryptocurrencies worth mining. Several websites, notably WhatToMine and NiceHash, have calculators that can estimate the profitability of various cryptocurrencies depending on hashing power.

However, if you want to try mining as a hobbyist, start immediately with one of the more affordable miners and look at it more as an experiment than an investment venture. (Learning is always a good investment).

Investor Takeaway

Mining is more than just a money-maker. Miners help secure digital currency networks and, thus, play an integral role in the blockchain revolution. Therefore, you can also look at mining as your contribution to an industry that has the potential to change the world and increase the value of your portfolio along the way.

These rigs run the gamut in terms of prices and power, meaning that no matter where you are at, you can find one that fits your needs.

 

To get the latest crypto investing tips (find out before the market does), subscribe to our free newsletter.