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Although Bitmain dominates the current market, you can still find decent versions from brands such as Canaan and MicroBT. We don’t doubt you may have heard of many ASICs we will mention in our list. Is there a better-performing model, even if for a lower price? What’s popular may not be the best!Īre there limited quantities of the newest ASIC chip? But in BTC mining, the proof-of-work system involves competition, so whenever everyone has the same technology, it’s no longer an advantage but a minimum requirement. For example, many would buy the latest Antminer T17. Thinking in absolutes can lead to wrong expectations.
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What’s the absolute best device in performance? What’s the most reliable and requires little to no maintenance?
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Which one is the cheapest ASIC with an optimal price-quality ratio? Anything less than exceptional could result in a waste of time and money.Ĥ Conclusion What’s the Best ASIC for Bitcoin Mining?īefore you go and buy the last Bitmain model, let us tell you that the best can mean different things. It is if you work with the best ASIC on the market. It’s not if you plan a €2,000 investment to make your passive income forever. People are taking off, and fewer miners remain on the network making big money. After such a “long” time, the difficulty would have increased again, making it unprofitable.īecause of this dilemma, many have wondered whether Bitcoin mining is worth the costs. Do all of them work three years on average? Unless your model is far advanced to the market, it doesn’t matter. Often when people review ASICs, they wonder how long they will last. In fact, the same devices that made your money back then are no longer profitable. One thing for sure is, today’s “best” miners have nothing to do with what used to be the best two years ago. It has also raised hash difficulty, making crypto mining more challenging. Efficiency has halved, which increases the necessity for new technologies. We’ve just gone through the most recent Bitcoin halving this year.