The Best Bitcoin Mining Machines in 2024 (Expert Reviewed)

Zac McClure
ByZac McClure, MBAReviewed byAlex MilesUpdated on May 12, 2024 · minute read
VerifiedExpert verified

TokenTax content follows strict guidelines for editorial accuracy and integrity. We do not accept money from third party sites, so we can give you the most unbiased and accurate information possible.

  • Our crypto tax experts researched and selected the best Bitcoin mining machines, including Bitmain AntMiner S19 Pro, Canaan AvalonMiner 1246, and WhatsMiner M30S++. We made these selections based on a thorough analysis of key factors, including hash rate, power consumption, and overall efficiency.

  • Our expert team considered crypto machines' performance, reliability, and suitability for different user levels. By focusing on these key criteria, we’ve created a list of the best Bitcoin mining machines that caters to new and experienced crypto miners alike.

What is the best hardware for crypto mining?

Are you embarking on Bitcoin mining or an experienced miner who wants to boost efficiency and profitability? Our crypto experts researched and identified the best crypto mining hardware today.

Below are our top picks, accompanied by a detailed list featuring descriptions and pros and cons. This allows you to easily select the best Bitcoin mining hardware that aligns with your objectives and mining expertise.

Bitmain AntMiner T19

Bitmain AntMiner T19

Best Bitcoin miner for balanced performance

Canaan AvalonMiner 1246

Canaan AvalonMiner 1246

Best Bitcoin miner for advanced users

MicroBT WhatsMiner M30S++

MicroBT WhatsMiner M30S++

Best Bitcoin miner for power

Bitcoin mining explained

Bitcoin mining is a complex process vital for maintaining the Bitcoin blockchain. Miners verify transactions by solving intricate mathematical puzzles, preventing double-spending issues. They are rewarded with new coins for solving hash problems. The process has evolved from CPU to GPU and, most recently, to ASIC (Application-Specific Integrated Circuit) for high hashing power.

The Best Bitcoin mining hardware for 2024

Here are our experts' choices of the best Bitcoin mining hardware available on the market today, with pros and cons to quickly point you in the right direction. Always do your own research and understand the risks involved before undertaking anything in crypto, including mining.

Bitmain AntMiner T19

Best Bitcoin miner for balanced performance

The AntMiner T19 strikes a balance between efficiency and affordability. With a hash rate of 84 Th/s, it provides a middle ground for miners seeking a reliable option without breaking the bank. Priced lower than the S19 Pro, it caters to a broader audience.

-  Pros & Cons

Pros

  • Balanced hash rate and affordability

  • Suitable for mid-range budgets

  • Efficient power consumption

Cons

  • Lower hash rate compared to premium models

-  Why our experts picked it

The T19 offers a balanced solution, making it an attractive choice for those who prioritize both efficiency and cost.

Canaan Avalon6

Best Bitcoin miner for low noise

The Avalon6 offers an affordable and user-friendly option for home miners. While it has a lower hash rate, its quiet operation and easy setup make it an excellent choice for those new to Bitcoin mining.

-  Pros & Cons

Pros

  • Affordable and easy to set up

  • Low noise levels suitable for home mining

  • User-friendly design

Cons

  • Lower hash rate compared to premium models

-  Why our experts picked it

The Avalon6 strikes a balance between affordability and user-friendliness, which makes it a viable choice for beginners.

Canaan AvalonMiner 1246

Best Bitcoin miner for advanced users

The Canaan AvalonMiner 1246 continues the tradition of high-performance mining with a hash rate of 90 Th/s. While it caters to advanced miners, its high noise levels may pose challenges for home mining setups.

-  Pros & Cons

Pros

  • Fast hash rates for advanced mining

  • Suitable for experienced miners

  • Advanced cooling technology

Cons

  • Higher power consumption and noise levels

-  Why our experts picked it

The 1246 is well-suited to advanced crypto miners, offering cutting-edge features and capabilities.

Dragonmint T1

Best Bitcoin miner for power and efficiency

Manufactured by Halong Mining, the Dragonmint T1 offers an impressive hash rate of 16 Th/s with relatively low power consumption. Known for its efficiency, it provides a solid option for those looking for a powerful yet energy-efficient ASIC.

-  Pros & Cons

Pros

  • Efficient with a high hash rate

  • Relatively low power consumption

  • Impressive chip design

Cons

  • Higher upfront cost

-  Why our experts picked it

The Dragonmint T1 combines power and efficiency, making it an attractive choice for miners seeking optimal performance.

Ebang Ebit E11++

Best Bitcoin miner for cost-effectiveness

The Ebang Ebit E11++ offers efficiency with a power consumption of 1980W and a hash rate of 44 Th/s. While it is a cost-effective option, its high noise levels may make it less suitable for home mining setups.

-  Pros & Cons

Pros

  • Efficient with a reasonable hash rate

  • Cost-effective option for miners

  • Reliable performance

Cons

  • High noise levels

-  Why our experts picked it

The E11++ provides a good balance of efficiency and cost-effectiveness, making it a viable choice for miners seeking reliable performance.

MicroBT WhatsMiner M30S++

Best Bitcoin miner for power

The WhatsMiner M30S++ stands as one of the most powerful Bitcoin mining machines in the market, offering an impressive 112TH/S hash rate for mining both Bitcoin and Bitcoin Cash. Geared towards experienced miners, this platform delivers unparalleled performance.

-  Pros & Cons

Pros

  • Notable hash rate of 112TH/S for high-performance mining

  • Designed for mining both Bitcoin and Bitcoin Cash

Cons

  • Higher price compared to other mining machines

  • Increased power consumption, making it less suitable for beginners

-  Why our experts picked it

The WhatsMiner M30S++ caters to seasoned miners seeking maximum performance. While it comes at a higher price and increased power consumption, it stands out as a top choice for those focused on high-performance results.

MicroBT WhatsMiner M50S

Best Bitcoin miner for a budget

MicroBT's WhatsMiner M50S can be a solid choice for those venturing into Bitcoin mining. This budget-friendly option, launched in July 2022, boasts a competitive hash rate of 126 terahashes per second at an affordable price.

-  Pros & Cons

Pros

  • Competitive hash rate of 126 TH/s at an affordable price point

  • Budget-friendly starting price of $2,999

  • Efficient cooling with two fans, maintaining a noise level of 75 decibels

  • Crafted by MicroBT, a reputable manufacturer known for quality mining hardware

  • Smooth connectivity ensured by the Ethernet interface

Cons

  • Relatively higher power consumption of 3276 watts

-  Why our experts picked it

The MicroBT WhatsMiner M50S strikes a solid balance between affordability and performance, making it an attractive choice for miners seeking quality without breaking the bank. Backed by MicroBT's reputation and a competitive hash rate, the M50S stands out as a compelling option for those entering the mining arena.

MicroBT WhatsMiner M56S

Best Bitcoin miner for quiet mining

The MicroBT WhatsMiner M56S is tailored for miners seeking both power and reduced noise levels. Released in January 2023, this crypto machine boasts an impressive hash rate of 212 terahashes per second. Its standout feature is the incorporation of water cooling. 

-  Pros & Cons

Pros

  • High hash rate of 212 TH/s for top-tier mining capabilities

  • Water cooling mechanism reduces noise, operating at around 45 decibels

  • Backed by MicroBT's reputation for producing quality mining hardware

  • Smooth connectivity ensured by the Ethernet interface

Cons

  • Power consumption of 5550 watts requires careful consideration of electricity costs

-  Why our experts picked it

The MicroBT WhatsMiner M56S achieves a remarkable balance between power, performance, and reduced noise levels. The integration of water cooling showcases innovative design, enhancing the overall mining environment. With MicroBT's track record and advanced features, the M56S stands as a strong option for efficient and quieter operations.

How should I choose the best Bitcoin mining hardware?

When choosing the best Bitcoin mining hardware for your goals, you’ll want to consider factors including price, hash rate, and efficiency to make an informed decision. The best ASIC is the most cost-efficient and profitable one, ensuring optimal performance in the rapidly evolving landscape of mining hardware.

Can I mine Bitcoin without hardware?

While Bitcoin mining traditionally requires specialized hardware, crypto cloud mining services offer an alternative for those without dedicated equipment. Explore the possibilities and limitations of cloud mining and Bitcoin mining software to find the right fit for your crypto mining goals.

Schedule a FREE crypto tax consultation

Best Bitcoin miner FAQs

Here are answers to frequently asked questions about the best Bitcoin mining machines.

What is the best rig for mining Bitcoin?

Selecting the right rig for Bitcoin mining depends on your specific needs. For beginners, more affordable options like the Bitmain AntMiner S9 or Avalon6 can be suitable, while advanced miners may opt for high-performance models like the WhatsMiner M30S++ or Bitmain AntMiner S19 Pro.

What is the fastest hardware to mine Bitcoin?

For miners who prioritize speed, the WhatsMiner M30S++ leads the pack with a remarkable hash rate of 112 TH/S. Its cutting-edge technology ensures high-speed mining operations, making it the fastest hardware.

Which mining rig is most profitable?

Profitability in crypto mining depends on various factors, including electricity costs, hardware efficiency, and Bitcoin prices. High-performance models like the Bitmain AntMiner S19 Pro and WhatsMiner M30S++ are known for their profitability, but individual results may vary.

Are Bitcoin miners worth it?

The worth of Bitcoin miners will depend on your mining goals, budget, and other operational considerations. While high-performance models may offer higher returns, beginners and hobbyists might find value in more affordable options like the Bitmain AntMiner S9 or Avalon6.

How much money do Bitcoin miners make?

Bitcoin miners' earnings vary based on factors like hardware efficiency, electricity costs, and market conditions. High-performance models, such as the WhatsMiner M30S++ and Bitmain AntMiner S19 Pro, have the potential for significant returns, but individual results depend on a wide range of factors, including the miner’s location and energy costs.

Do your own research and understand the risks involved before undertaking any crypto activity, including Bitcoin mining.

To stay up to date on the latest, follow TokenTax on Twitter @tokentax.

TokenTax reviews take an unbiased approach to our recommendations. When you use our links to buy products, we may earn a commission but that in no way affects our editorial independence.

Zac McClure
Zac McClureCo-Founder & CEO at TokenTax
Zac co-founded TokenTax after his career in international finance and accounting at JPMorgan, Imprint Capital and Bain. He has worked in more than half-dozen countries and received his MBA from the UPenn Wharton School.
Alex Miles
Reviewed byAlex MilesCo-Founder at TokenTax
Prior to TokenTax, Alex worked as a Product Designer at Dropbox and before that Readmill (acquired by Dropbox). He holds a BS in Digital Information Design - Interactive Media from Winthrop University.

Get a personalized crypto tax consultation.

Complete our questionaire and we'll evaluate your situation — for free.

Let’s get started.

Check out our plans and pricing to find out which solution best meets your needs.

Review plans