We’ve picked out the best ASIC devices for those who prefer to mine cryptocurrency using a dedicated device.
While there are plenty of ways to get started with mining your own Bitcoin (BTC), serious miners use ASIC (application-specific integrated circuit) devices, which are specifically built for the purpose, and more efficient. In this guide, we’ll try to help you become a profitable Bitcoin miner by highlighting five of the top ASIC mining devices on the market today. With so many jumping on the mining bandwagon, these devices have become expensive and difficult to buy. In most cases, in addition to the AIC unit you’ll also need to purchase a good quality PSU (power supply) for maximum efficiency. An important consideration when purchasing an ASIC should be how soon you’re likely to see a return on your original investment. This is determined by the hash power of the device – i.e. the number of BTC it can generate daily – minus your electricity costs, mining pool fees and current mining difficulty. To assist in your decision, we’ve listed the current price, hash rate and power usage of each device. While these numbers are helpful, you should also go ahead and use a profitability calculator such as the one available from Coinwarz before ordering to estimate your return in BTC. Realize that there are some running expenses that include electricity costs, and mining pool fees. A good profitability calculator allows you to precisely calculate your ROI (return on investment). The exchange rate between Bitcoin and fiat currencies tends to be quite volatile, so one strategy is to cash out quickly by registering with a BTC exchange such as Bitstamp (see our guide on registering with Bitstamp). The Whatsminer M32-70 is manufactured by Whatsminer, a well-known mining equipment manufacturer in the world. Their products are also notable for their compact footprint making it easier to scale up operations as they take up less space. The Whatsminer M32-70 is a popular mining device, and unlike most of its competition- it’s actually available and in stock at the time of this writing. However, at a price of $6200 it is hardly cheap, and the lower product offerings are out of stock currently. It is a more recent introduction that was first produced for December 2020. An advantage of this unit, while it does require dedicated 220V power, is that it does ship with an integrated power supply.
