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Top 10 Bitcoin Mining Rigs of 2024: Leading the Charge in Crypto Earnings

source-logo  news.bitcoin.com 16 March 2024 17:00, UTC

Over the past month, the valuation of bitcoin has seen a notable increase, leading to significantly enhanced profits for today’s most sophisticated application-specific integrated circuit (ASIC) bitcoin mining devices. As of March 16, 2024, the top ten ASIC miners focused on the SHA256 consensus algorithm are generating daily earnings ranging from $10 to $21, assuming electricity costs of $0.12 per kilowatt hour (kWh).

The Leading Bitcoin Miners of 2024

Bitcoin miners are faring significantly better than they did in 2022, with current data indicating that 21 ASIC mining rigs are netting profits of $5 or more daily. As of now, leading the pack in daily earnings is the Microbt Whatsminer M63S, achieving 390 terahash per second (TH/s) of SHA256 hashing power.

Released in November 2023, the hydro-cooled M63S is estimated to generate $23.46 daily, based on today’s BTC values and an electricity rate of $0.12 per kilowatt hour (kWh). The entirety of the top ten ASIC bitcoin mining devices were launched in 2023 and 2024.

Claiming the second spot for profitability is Bitmain’s Antminer S21 Hydro, delivering 335 TH/s. The hydro-cooled S21 version is currently estimated to secure $20.84 daily in earnings, with electrical expenses pegged at $0.12 per kWh, having hit the market in February 2024.

Ranking third for earnings is the Microbt-crafted Whatsminer M63, with an output of approximately 334 TH/s and daily profits estimated at $17.03 at the same electricity cost. Positions four and five for profit are occupied by Microbt’s Whatsminer models M66S and M66.

The M66S offers 298 TH/s, translating to roughly $16.39 in daily earnings, while the M66 provides about 280 TH/s, leading to an estimated $14.27 daily. The sixth through eighth places for profitability are held by the Bitmain Antminer S19 XP Hydro ($12.34/day), Antminer S21($11.58/day), and Antminer T19 Pro Hydro ($10.56/day).

The ninth and tenth ranks go to Microbt’s Whatsminer M60S (186 TH/s) and Bitmain’s Antminer T21 (190 TH/s), both securing estimated daily profits in the range of $10.23 to $10.18. Microbt and Bitmain are the predominant brands among the top 13 devices, whereas Canaan‘s Avalon A1466 stands as the 14th most profitable ASIC miner.

The A1466, capable of 150 TH/s, is estimated to bring in $6.94 daily, considering an electrical cost of $0.12 per kWh. At the end of the list as of March 16, 2024, is Bitmain’s Antminer S19j, with a hashing power of 90 TH/s, which generates around $0.39 daily.

What do you think about the top ten most profitable bitcoin miners on the market as of March 16, 2024? Share your thoughts and opinions about this subject in the comments section below.