Bitcoin (BTC) mining is the process by which new BTC are mined and brought into circulation. In this article, we will list the best Bitcoin mining rigs in 2024 and describe the qualities that make one better than another. The following list comprises the five mining rigs with the highest hashrate power currently available. In addition, a sixth rig has been added that will be available on the market in October 2024 and will be the one with the highest hashrate when released. These rigs are for sale in the CryptoMinerBros store.
Table of Contents
1. MicroBT Whatsminer M63S Hydro
Hashrate: 390.00 TH/s at 7250 watts. Consumption: $0.12/kWh. Earnings over the past 24 hours: $20.72. Initial investment payback estimated to take almost 2 years (these values are approximate. They were calculated using ViaBTC's mining rig performance calculator).
MicroBT Whatsminer M63S Hydro is the highest hashrate BTC miner on the market. Source: Whattomine.
Buy MicroBT Whatsminer M63S Hydro
2. MicroBT Whatsminer M63 Hydro
Hashrate: 366.00 TH/s at 7300 watts. Consumption: 0.11 USD/kWh. Earnings for the last 24 hours: 19.44 USD. Initial investment payback in an estimated period of 1 year and 2 months.
For almost half the price, the MicroBT Whatsminer M63 Hydro has similar qualities to the M63S Hydro. Source: Whattomine.
Buy MicroBT Whatsminer M63 Hydro
3. Bitmain Antminer S21 Hydro
Hashrate: 335.00 TH/s at 5360 watts. Consumption: $0.14/kWh. Profit for the last 24 hours: $17.80. Initial investment payback estimated within 1 year and 4 months.
It is currently the highest hashrate BTC miner manufactured in 2024. Source: Whattomine.
Buy Bitmain Antminer S21 Hydro
4. MicroBT Whatsminer M53S+
Hashrate: 300.00 TH/s at 6844 watts. Consumption: 0.10 USD/kWh. Earnings in the last 24 hours: 15.94 USD. Initial investment payback period estimated at 1 year and 5 months.
By purchasing the MicroBT Whatsminer M53S+, you would recover your investment in a year and a half. Source: Whattomine.
Buy MicroBT Whatsminer M53S+
5. MicroBT Whatsminer M66S Hydro
Hashrate: 298 TH/s at 5550 watts. Consumption: 0.12 USD/kWh. Earnings in the last 24 hours: 15.86 USD. Initial investment payback period estimated at 1 year and 8 months.
It is the best bitcoin mining rig in MicroBT's M66 line. Source: Whattomine.
Buy MicroBT Whatsminer M66S Hydro
6. Bitmain Antminer S21 XP Hydro
It will be launched in October 2024 (not yet available). Hashrate: 473.00 TH/s at 5676 watts (it would be the best hashrate at the moment). Consumption: 0.18 US dollars/kWh. Earnings: It is estimated that it can generate an average of 25 dollars per day, according to Whattomine. Price: not yet published on the official site. According to CryptoMinerBros, its value is 10,800 dollars. Recovery of the initial investment in an estimated period of 1 year and 2 months.
Bitmain Antminer S21 XP Hydro is said to be one of the most profitable miners. Source: CryptoMinerBros.
What makes one Bitcoin mining rig better than another?
Answering this question is not possible by limiting it to a single parameter. It is a multifactor analysis. First there is the hashrate. This metric, which is usually measured in hashes per second (H/s), can be giga, tera, exahashes, or more, refers to the speed at which a miner executes the mathematical calculations that enable him to solve blocks and, therefore, receive the rewards for each block mined. After the halving in 2024, the reward that miners receive was reduced to 3,125 bitcoin per block. A higher hashrate indicates greater processing power. This increases the chances of successfully carrying out this process and thus “extracting” the bitcoin. It is worth noting here that, the higher the hashrate, the higher the energy consumption. Secondly, the electrical consumption involved in this task is another important element. Lower energy consumption means lower operating costswhich is vital considering that mining equipment must be connected to a power source at all times. Electricity consumption is measured through the cost (generally expressed in US dollars) per kilowatt per hour ($/kWh). This value indicates how much electricity costs for each kilowatt per hour consumed by the bitcoin mining equipment. In addition, the durability and cooling system of the mining equipment, together with the reliability of the manufacturing company, are relevant elements when considering the acquisition of a device. Lastly, the purchase price of the BTC mining equipment is another factor to take into account in your initial investment.
What other factors to consider before mining Bitcoin?
Among some of its conditions, it should be noted that The profitability of bitcoin mining varies according to the price of the crypto asset since, the higher the BTC price, the higher the reward translated into fiat currency values.
Additionally, these devices are characterized by giving off a lot of heat and being noisy.. Therefore, when considering the profitability of mining equipment, one must also consider the necessary cost involved in installing and maintaining an environment that is adequately conditioned for its correct operation. Another component is the regulatory situation from where one intends to mine bitcoin. There are countries, such as Spain, El Salvador or the United States, for example, that require miners to declare their activity and pay taxes on it.