Top 10 Best Cheap Asic Miner

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Investing in cryptocurrency mining devices can cost a fortune. Therefore, purchasing a cheap ASIC miner is a smart move.

But out of all the mining machines on the market, which one should you choose? Which one is the most efficient yet affordable? Let’s find out by reading this article.

Top 5 Cheap ASIC Miner Reviews

The profit that cryptocurrencies mining can bring is extremely high. As a result, more and more devices were created to help the miners. Here are our top five cheap recommendations for you:

#1. DragonX AntMiner S9 – Best Overall

If you are on the hunt for the most powerful miner, this is the one to keep in mind.

The DragonX AntMiner S9 can mine faster and more effectively due to the BM1387 ASIC chip. The hash rate is 13.5TH/s, which is one of the highest rates on the market.

It requires a power of 1323W, which means it consumes more electricity than other cheap models. But do not worry! It will still gain high revenue if you live in an area that has low electricity costs.

A tip to increase potential earning is that you should purchase multiple mining rigs. Plus, this device comes with power supply units (PSUs), so you won’t need to buy them separately.

The downside of this machine is that it has the highest price on this list. It is also very noisy while running as well. However, the rig is still a worthy investment due to its efficiency.

Pros:

  • Fast and efficient mining ability
  • High hash rate
  • Include power supply units

Cons:

  • Pricey
  • Noisy while running

#2. AntMiner V9 – Best Reliability

Based on the powerful BM1580 ASIC chip, AntMiner V9 can continuously run 24/7. Can you believe it? Its reliability is better than most of the miners out there.

It has the 4TH/s hash rate, and the power consumption is 1027W. As you can tell, with these measures, this device is profitable.

The rig might gain higher revenue if your area has low electricity costs. Plus, it doesn’t require a separate host computer or software.

One weakness of this product is that it doesn’t include a power supply unit. So you will have to buy one separately. We recommend the APW7 power supply or the APW3++ to achieve the highest efficiency.

Pros:

  • High hash rate
  • Doesn’t require a separate host computer or software
  • High reliability

Cons:

  • Not include a power supply

#3. AntMiner L3+ – Best For Mining The Scrypt Algorithm

If you are searching for an affordable miner that can mine the Scrypt algorithm, check out AntMiner L3+.

Scrypt is one of the first hashing algorithms used on certain Proof of Work blockchains. It is the solution to mitigating the rise of ASIC mining machines. Therefore, you need a rig that is dedicated to mining this algorithm.

This rig is the ideal choice since it runs based on the BM1485 chip. Another thing that makes it stand out is the quantity of 288 chips per unit. As a result, this device allows you to mine not only Litecoin (LTC) but also any types of Scrypt-based crypto coin.

It has a hash rate of 504MH/s for 800W at room temperature. These measures of hash rate and power usage prove that this is an extremely efficient rig.

The weight is about 10.9 pounds, which is heavier than most other cheap miners on the current market. If you want a small size mining machine, then this is not the best choice.

Pros:

  • Great for mining Scrypt algorithm
  • Can mine various coins
  • Low power consumption

Cons:

  • Big size

#4. AntMiner S9 – Best Hashing Capacity

As you may know, the hashing capacity is the factor that decides the quality of the performance.

With a hash rate of 13TH/s, AntMiner S9 is one of the best miners out there. The power consumption is 1274W, which is quite standard. You can achieve a high-gaining revenue with these measures.

Still, there is one thing you should remember about this product. You must have 220V-264V power sources to keep this thing running. Suppose you only have 110V-120V power outlets; we suggest you use 2 PSUs together.

Unlike some other ASIC miners, this one comes with a power supply and a NEMA 5-15P power cord. So you don’t have to purchase them separately.

One thing that can make people hesitate to buy this product is the price. Its price is higher than most of the products on this list. However, considering the potential profit, this one is definitely worth the price.

Pros:

  • High rashing capacity
  • Include power supply

Cons:

  • Pricey
  • Require 220V-264V power sources

#5. AntMiner Z9 Mini – Best Budget

Investing a lot of money in rigs is not the smartest thing to do if you are still a beginner. Instead, you should pick an affordable miner to test the waters before diving into the world of cryptocurrency mining.

The most remarkable thing about AntMiner Z9 is that you can invest in this machine without overdrafting your bank account.

The power consumption is only 300W. Therefore, electricity cost won’t be your problem anymore.

It can mine various coins such as BitcoinGold (BTG), ZCash (ZEC), ZenCash (ZEN), and many more. You can learn a lot about cryptocurrency mining with this device.

The machine is designed by Bitmain, a very well-known ASIC manufacturer. Therefore, you can easily sell it at a good price if you decide to quit mining.

Since it is one of the cheapest miners out there, the hash rate is quite low, about 10KH/s. However, it can still bring a stable revenue due to its ideal temperature of 0-40 degrees.

Unfortunately, it is very noisy while running, which is one of the most common problems that many miners have.

Pros:

  • Affordable
  • Can mine various coins
  • Has the temperature of 0-40 degrees

Cons:

  • Noisy while running

Conclusion

A cheap ASIC miner is not so hard to find after all. Our best-overall pick is the DragonX AntMiner S9 due to its hash rate and power consumption.

As you can see, even with a limited budget, you can still find an efficient device. After reading this article, we hope you won’t have much trouble picking the right mining machine anymore.

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