Before buying any miner, you are suggested to evaluate your purchase based on your potential scale of investment and the status of your mining farm. You should also consider the size of the miners, power consumption, noise, ease of operation, and more. As each situation is different, you should gather sufficient relevant information before making purchase decisions to ensure your specific needs will be met.
We have listed the advantages and disadvantages of ASIC and GPU miners. You may refer to this list before making any purchase decisions.
- Higher hashrate.
- Easy to manage and available for batch configuration.
- Easy to move and simple to maintain.
- Fixed algorithm with a single minable coin (only support coins that are under the same algorithm).
- Fast obsolescence.
- Flexibility in mining different currencies based on profits.
- Less noisy, lower power consumption.
- Wide range of use, relatively good in terms of keeping value.
- Large in size; hard to assemble and move.
- GPU miner overclocking, BIOS updates, hardware maintenance, and other operations are more complicated, so they may not be easy for beginners.
For more specific information about miner power consumption, theoretical revenues, and miners that are available for mining specific coins, you may refer to the “Popular Miners” page and check out the article Guide for “Popular Miners”.