2CryptoCalc - The Top ASIC Miners in 2024 (2024)

FAQs

Which cryptocurrency is best to mine in 2024? ›

With the block reward still at 6.25 BTC, miners now earn about $437,500 per block, up from $250,000. Therefore, for you to mine Bitcoin with GPUs profitably, the value of Bitcoin should be more than the total cost incurred in the mining process while considering the initial cost of the mining rigs.

Historically, Bitcoin (BTC) has been one of the most lucrative cryptocurrencies to mine due to its high market value. However, other cryptocurrencies like Ethereum (ETH), Litecoin (LTC), and Monero (XMR) have also been profitable for miners, depending on market conditions and mining hardware efficiency.

The State of Crypto Mining in 2024

Today, mining requires specialized hardware like ASICs and GPUs, as well as a significant amount of energy and cooling. The profitability of crypto mining in 2024 largely depends on the state of the cryptocurrency market.

Synopsis. Exploring the potential cryptocurrencies like Pikamoon, Dogecoin, Book of Meme, Rosewifhat, and Zilliqa as contenders to hit the $1 milestone. Key factors like utility, viral potential, and clear roadmaps suggest their potential amidst market sentiment and unique tokenomics.

The index includes top tokens like $SOL, $ETH, and $WBTC- all of which are expected to see considerable gains in 2024 - making this a fantastic DeFi platform primed to explode throughout the year.

While GPU mining remains relevant for individuals, high-volume block production requires the new ASIC set-up to stay competitive in the modern landscape.

Is GPU mining dead? ›

The once dominant Ethereum mining via GPUs has ceased, prompting miners to search for alternate cryptocurrencies. The current market reveals a diversification of mining activities, but the dominance of GPU mining remains uncertain amidst the rise of ASIC miners, which are more efficient for certain coins.

The Eagle Network mobile application enables users to mine Eagle cryptocurrency for free with just a click. By checking into the app every 24 hours and activating the cloud mining process, users can earn the native $EGON currency on the Android and iOS applications.

In 2024, the block reward will be reduced to 3.125 bitcoin, which is worth around $200,122 as of April 19 at the time of publication. However, since bitcoin mining typically requires expensive hardware and a vast amount of energy, it can be an expensive endeavor.

How much does Antminer S19 make per day? Antminer S19 Pro can reach 110 TH/s hashrate and 3250 W power consumption for mining BTC (SHA-256) earning around 28.62 USD per day.

For example, let's look at the Whatsminer M30S+, a machine which is closest to the Antminer S19 in terms of the ASIC performance. With a hashrate of 100 TH/s at a power consumption of 3400W, the Whatsminer M30S+ can mine about $430/month in profit at our low electricity price*.