ASICs profitability ranking for Bitcoin

Bitcoin mining is one of the most popular ways to make money from cryptocurrency. Despite the ever-increasing complexity of computing algorithms, mining cryptocurrencies using special equipment remains one of the most stable options for extracting profit from digital assets. In the past year, miners around the world earned more than $15 billion. Today, bitcoin mining is implemented with the help of Asics – integrated circuits designed specifically to calculate the cryptocurrency code.

Let's find out how ASICs work, how to choose the right model for your device, and which ASICs are in the TOP 3 in 2022.

Bitcoin mining on ASIC: features and benefits

Immediately after the emergence of Bitcoin in 2009, it was mined on ordinary personal computers – the complexity of obtaining new blocks was minimal. However, the algorithm was originally designed in such a way, that with an increasing number of coins the calculations became more complicated. Miners needed more powerful computers, and then entire systems of individual machines. Energy consumption also increased.

For several years in a row, they used video cards for BTC mining, then there was a need for special equipment created directly for crypto operations.

At first, ASICs were used only for bitcoin mining, then the technology was applied to calculate blocks of different altcoins. However, each device works only with 1-2 algorithms – you can not mine any currency with the same equipment.

The mining process itself is relatively simple: it is enough to connect a computer to power and the Internet, and then install special software. There must be at least 150 free GB on your computer for data storage. With such a reserve, you can start mining.

The farms perform only one task – calculating mathematical problems to create a new blockchain link and confirming transactions in the system. As a rule, each ASIC is adapted to work with only one coin (protocol), so in our case, we are considering devices designed for BTC mining.

How to choose ASIC-miner

Despite numerous predictions about the sunset of the era of home mining, the number of cryptocurrency miners is not decreasing. The fact is that if properly organized, this process brings a stable and quite high income. Of course, initial investments will be needed, but these investments will pay off if the right equipment is chosen.

Basic parameters for selection

• Power. The more powerful the device, the sooner the investment will pay off, but you should primarily focus on the indicators of the power grid. In ordinary apartments, a network may simply not pull a powerful ASIC. In addition, it is necessary to intelligently choose the location of the system, so as not to overload it. Also, take into account the factors of soundproofing and cooling. One of the most preferred locations is an enclosed balcony. Residents will complain less about the noise from the computers, and in winter the equipment will naturally cool down.
• Hashing speed. This parameter is directly related to efficiency. Choosing between several models, it is worth choosing the one that requires less energy for each hash.
• Cooling. If the equipment is constantly overheating, it will fail faster (even before it pays off). For this reason, you should not skimp on fans – choose the most powerful and reliable.
• Microprocessor. The higher the frequency, the better for mining. This indicator affects the performance of integrated circuits, that is, the number of operations per second. The frequency should be at least 600-650 MHz.
• Price. When buying new integrated circuits abroad, you need to consider the cost of delivery and customs duty. Experts do not advise buying second-hand equipment: as a rule, it has already used up its resource.

The approximate payback period for an ASIC – is about 7-8 months, not including electricity costs. It is worth remembering that you will have to invest in additional elements. For example, the use of common household outlets for farms is fraught with fines.

Top 3 best ASICs 2022

The list of the best ASICs at the moment includes the following items:

Antminer S19 Pro. Recognized as the most powerful and affordable modern device. Hash rate – 110 Th/s with a rated power consumption of 3250 W. The kit includes a power supply, and the total weight of the equipment is more than 15 kg.

AvalonMiner A1246. The hash rate is 90 Th/s, but the power consumption is also reduced – 3420 W. The kit also includes a power supply, there are 4 coolers. The device weighs 14.5 kg.

Before ordering equipment for the farm, be sure to study the electricity rates in your area. Professional bitcoin miners choose to live in places with the lowest electricity rates. If you do not want to move, choose models with the lowest power consumption.