Before buying any miner, you must evaluate it based on your potential scale of investment and the status of your mining farm. You must consider the size of miners, power consumption, noise, ease of operation, and more. As each situation is different, you should choose wisely to ensure your specific needs are met.
We have listed the advantages and disadvantages of ASIC and GPU miners. You may refer to this list before making any 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, low power consumption;
- Wide range of use, relatively good in keeping value.
- Large size; hard to assemble and move;
- GPU miner overclocking, BIOS updating, hardware maintenance, and other operations are complicated, so it may not be easy for beginners.
For more specific information about miner power consumption, theoretical revenue, or 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”.