Best ASIC Miner in 2020

Anisa Batabyal
| 17 March, 2020 | 2 min

Cryptocurrencies have been gaining momentum with every passing day, but now it’s necessary to know how a cryptocurrency is mined. The mining process can be complicated, but you can understand the basics of crypto mining. Before delving deeper, let us understand ASIC (Application Specific Integrated Circuit), which is made for a specific use rather than used for general purposes.

Table of Contents

What is ASIC Miner?

The ASIC miners come into the picture when it comes to mining with greater speed. ASIC miners are more developed and cost-effective when compared to traditional miners that use GPU, CPU, and other components. Bitcoin mining is effective when there is a benefit and there’s high productivity at a low cost. The ASIC miners are generally designed to be co-worked with the mining rigs. 

The advantage of ASIC mining is that they are efficient and can outperform a stack of GPUs any day. ASICs are 100 times faster and efficient than the traditional GPUs. Analysts predict that in the coming years, we can see the viability of the ASIC chips since its very energy efficient, and no alternative technology can replace within the energy frame.

There are two ways in which ASIC miners are manufactured- they can be either pre-manufactured to work with a respective application or manufactured and then integrated with customized applications. ASIC miner includes parts like software, ASIC chip, processors, and fans to keep the machine cool.

There are certain factors, based on which you choose the best ASIC miner in 2020:

#1 Hash Rate

Hash Rate refers to the total number of complex calculations that can be solved by the computer every second. Hash rate enables to accelerate the chance of solving complex mathematical problems, which leads to winning block rewards. The miner who solves the computations accurately gets the block reward. Hence a high hash rate is high ASIC mining profitability.

#2 Energy Consumption

The more powerful your mining hardware is, the more electricity you should expect to be consumed. So before purchasing, you must consider the consumption of electricity in watts. This will help you determine the viability of Bitcoin mining using the respective hardware. By using the hash rate and energy consumption, you can determine the number of hashes that can be mined for every watt of electricity.

#3 Price

Don’t always go after teh cheap hardware as it will rake in a few Bitcoins. Expensive Bitcoin mining hardware is fast, efficient, and unique. You need to aim for the miners with high value and quality instead of going for cheap equipment. Understand the ASIC miner value and ASIC mining calculation before opting for the miner.

Let’s move on to the top 5 ASIC miners in 2020:

#1 Bitmain Antminer S5

The Bitmain Antminer S5 may not be the latest model of the Antminer version, but it is quite efficient, powered by features like a power supply of 115 volts drawing around 560 Watts. Antminer is easily accomodating as it needs less power supply and power consumption. One unit produces 1 GH/s for every 0.51 watts consumed. It weighs around 2.5 Kgs. All these features make it the most powerful Bitcoin miner in the market.

You can get it here

#2 Bitmain Antminer S7

Bitmain S7 model was introduced in 2015 and became quite popular as it consumes less power as compared to S5. The recommended power supply for using the S7 model is the 1600 Watt APW3- which is one of the best available in the market. It requires a minimum of 205 Volts to operate- its optimal power consumption makes it the most efficient. It weighs around 7.5 pounds. Ensure to put it in a cool environment in order to spend less energy.

You can get it here

#3 Bitmain Antminer S9

Bitmain Antminer S9 is currently the best Bitcoin mining hardware available in the market with a hash rate of 14 TH/sec. This high hash rate is possible because of three circuit boards featuring around 189 chips. S9 can be used along with Antminer 1600 Watt power supply efficiently, and as while it consumes 300 watts more as compared to S7, it is 2X more efficient with around 0.1 Joules per GH.

You can get it here

#4 Antminer T9

Antminer T9 is considered as one of the best Bitcoin miners in 2020. It is a bit expensive as compared to others. T9 consumes around 1450 watts for 11.5 TH/s for batch 23, with an efficiency of 0.126 J/GH. But before deciding, note that the quality chips in S9 were being observed to have had lower quality leading to low stability. T9 miner got this problem fixed.

You can get it here

#5 AvalonMiner 741

AvalonMiner 741 is the best when you are looking for an efficient Bitcoin miner at a budget-friendly price. This is a new addition by Cannan, as compared to the others. Avalon 741 provides a hash rate of around 7.3 TH/s and also has an air cooling system that enables 88 chips to function as a unit efficiently. It has an efficiency of 0.16 J/GH, which is one of the best as compared to other products, that too in this price range.

You can get it here

Frequently Asked Questions (FAQs)

1. What is the best ASIC miner?

We have discussed the top 5 ASIC miners in 2020. You can go for any based on the hash rate, energy, and price.

2. Are ASIC miners profitable?

Yes, ASIC miners are more efficient ad profitable as compared to the traditional CPUs and GPUs.

3. How much is an ASIC miner?

Every miner has a different price range with different power and efficiency. You can check out their individual prices after clicking on the links.

About CoinSwitch

CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!