The Best Bitcoin Mining Machines in July 2025

Zac McClure
ByZac McClure, MBAReviewed byArthur Teller, CPAUpdated on July 1, 2025 · minute read
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  • We compared leading ASIC rigs on hash rate, efficiency, noise level, upfront cost, and estimated payback time. The Antminer S19 XP Hydro topped performance charts, the WhatsMiner M50S proved the most budget friendly, the Avalon Made A1366 impressed on energy use, and the WhatsMiner M56S delivered quiet results with water cooling.

  • Mining rewards count as income and later sales create capital gains, which means miners face two layers of tax reporting. TokenTax imports your pool payouts and wallet transfers, converts them to dollars at the correct timestamp, and produces ready to file reports so your mining operation stays compliant and profitable.

What’s the best Bitcoin mining hardware?

We reviewed eleven ASIC rigs side-by-side, logging each unit’s hash rate, joules per terahash, sticker price, noise output, and projected payback period at a twelve-cent kilowatt hour rate. The data crown Bitmain’s Antminer S19 XP Hydro as the performance leader, MicroBT’s WhatsMiner M50S as the most cost-effective entry point, Avalon Made A1366 as the efficiency standout, and WhatsMiner M56S as the quietest water-cooled option.

Bitmain Antminer S19 XP Hydro (255Th)

Best Bitcoin miner for serious investors

Canaan Avalon Made A1366

Best Bitcoin miner for high-performance mining

MicroBT Whatsminer M50S

Best Bitcoin miner for beginners

Current Bitcoin price

Best Bitcoin miner

Here are our experts’ selections of the best Bitcoin miners available. The crypto mining space moves quickly, and profitability varies depending on various factors including the price of electricity and market conditions, so always do your own thorough research before making an investment in crypto mining machines.

Bitmain Antminer S19 XP Hydro (255Th)

Best Bitcoin miner for serious investors

The Bitmain Antminer S19 XP Hydro (255Th) emerged as a trailblazer in the world of Bitcoin mining. Officially launched on March 12, 2022, this mining machine garnered attention for its incorporation of liquid cooling technology, setting new standards for effective virtual coin mining and hashing speed.

Bitmain AntMiner S19 Pro

Best Bitcoin miner for hash rate v. cost

The Bitmain Antminer S19 Pro stands as a top choice in the Bitcoin mining market. Noted for its remarkable hash rate of 110 Th/s, this machine is positioned as a leader in its category.

Canaan Avalon Made A1366

Best Bitcoin miner for high-performance mining

The Canaan Avalon Made A1366, an upgrade to the popular A10 model, shines as a high-performance Bitcoin mining rig. Chinese manufacturer Canaan released this machine in November 2022, offering a hash rate of 130 terahashes per second. With its user-friendly interface and robust configuration options, this miner targets efficiency and performance.

Dragonmint T1

Best Bitcoin miner for low power consumption

The Dragonmint T1, crafted by Halong Mining, presents an enticing solution for energy-efficient Bitcoin mining. Boasting an impressive hash rate of 16 TH/s, this ASIC model excels in both performance and power efficiency, with a power consumption of only 1480 watts.

Ebang Ebit E11++

Best Bitcoin miner for a balance of hash rate and power

The Ebang Ebit E11++ stands out as an efficient choice for miners. Despite its power consumption of 1980 watts, it offers a hash rate of 44 TH/s, striking a balance between performance and energy efficiency.

MicroBT Whatsminer M50S

Best Bitcoin miner for beginners

China-based MicroBT offers the Whatsminer M50S as a budget-friendly option without compromising on quality. Launched in July 2022, this machine offers a hash rate of 126 terahashes per second at a lower cost compared to some competitors. Its cost-effectiveness makes it an attractive choice for miners looking to maximize profit without substantial upfront investment.

MicroBT WhatsMiner M56S

Best Bitcoin miner for quiet operation

The MicroBT WhatsMiner M56S presents a powerful Bitcoin mining solution designed for performance and reduced noise. Released in January 2023, this machine boasts an impressive hash rate of 212 terahashes per second. Its notable feature is water cooling, allowing quieter operation at around 45 decibels, enhancing the overall mining experience.

How to compare crypto mining machines

There are several key factors to consider when comparing crypto mining machines. When reviewing crypto mining machines, consider the following:

  • Price: Cheapest isn't always best. Lower-priced hardware typically means less efficiency and profits. One key piece of information to look out for is the payback period, or the rough average time it takes for a piece of crypto mining hardware to pay for itself through mining returns.

  • Hash rate: A Higher hash rate means better performance, but it often comes at a higher price.

  • Efficiency: Focus on energy efficiency as it's crucial for profitability.

  • Situation: Regional power costs, specific needs, and noise considerations matter.

Note that crypto mining technology evolves rapidly, so newer models may outperform older ones and further research might be needed to find the best crypto miner for your goals and the current market conditions.

Is crypto mining taxable?

Yes, crypto mining is subject to taxation. Miners need to consider the tax implications on both the income earned from mining rewards and the capital gains realized upon selling the mined cryptocurrencies. The tax treatment varies depending on factors such as location, mining as a hobby or business, and the disposal of mined coins.

How TokenTax can help

TokenTax offers comprehensive support for navigating crypto mining taxes. Our platform provides accurate calculations of crypto profits, losses, and income, ensuring compliance with tax regulations. 

We assist in determining the appropriate tax treatment for your mining activities, whether conducted as a hobby or a business. With integration for every exchange, wallet, and platform, TokenTax simplifies the process of reporting crypto mining on your tax return.

Schedule a FREE crypto tax consultation

Best Bitcoin mining hardware FAQs

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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.
Arthur Teller
Reviewed byArthur TellerCOO (Former) at TokenTax
Arthur came to TokenTax after 12 years at KPMG. A specialist in partnership taxation and enterprise tax software, he is a licensed CPA in both California and Illinois and a member of the AICPA.

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