Top Dogecoin Miners with the Best ROI in 2024
Due to the significant rise in the price of Dogecoin, the Dogecoin miner market has become exceptionally hot. Today, we will introduce three highly regarded star miners: Antminer L9, VolcMiner D1, and ElphaPex DG 1+. These three miners stand out in the Dogecoin mining industry with their top-tier hash rates. Next, we will provide a detailed comparison of their performance differences and payback periods.
Table of Contents
Antminer L9
The Antminer L9 was officially released in May 2024, with a maximum hash rate of 17 GH/s and a power consumption of 3570W, resulting in an efficiency of 0.21 J/MH. Compared to its predecessor, the Antminer L7, the L9 represents a comprehensive upgrade. The Antminer L7 has a maximum hash rate of 9.5 GH/s and a power consumption of 3425W, while the L9’s hash rate is nearly twice that of the L7, with only a slight increase in power consumption. For users with a sufficient budget, the Antminer L9 is a highly recommended option.
VolcMiner D1
The VolcMiner D1 was released in December 2024, and it is a brand-new Dogecoin miner. With a top hash rate of 17 GH/s and a power consumption of 3900W, it has an efficiency of 0.229 J/MH. This miner has garnered significant attention in the market due to its powerful performance.
ElphaPex DG 1+
The ElphaPex DG 1+ was released in April 2024 and has recently gained significant popularity in the market. With a maximum hash rate of 14 GH/s and a power consumption of 3920W, it has an efficiency of 0.28 J/MH. Due to its stable performance and efficient power consumption, the ElphaPex DG 1+ has become a popular choice for many miners.
Dogecoin Miner Comparison
After briefly introducing these three products, we will present a table displaying the key parameters of the Antminer L9, VolcMiner D1, and ElphaPex DG 1+ for an intuitive comparison.
| Miner Model | Release Date | Hashrate (GH/s) | Power Consumption (W) | Power Efficiency (J/MH) |
|---|---|---|---|---|
| Antminer L9 | May 2024 | 17 | 3570 | 0.21 |
| VolcMiner D1 | December 2024 | 17 | 3900 | 0.229 |
| ElphaPex DG 1+ | April 2024 | 14 | 3920 | 0.28 |
Dogecoin Miner Comparison
After briefly introducing these three products, we will present a table displaying the key parameters of the Antminer L9, VolcMiner D1, and ElphaPex DG 1+ for an intuitive comparison.
| Miner Model | Hashrate (GH/s) | Power Consumption (W) | Power Efficiency (J/MH) |
|---|---|---|---|
| Antminer L9 | 17 | 3570 | 0.21 |
| VolcMiner D1 | 17 | 3900 | 0.229 |
| ElphaPex DG 1+ | 14 | 3920 | 0.28 |
Bitmain, as a leading manufacturer in the mining industry, consistently produces products at the top level, and the Antminer L9 is no exception. Compared to the VolcMiner D1, while both have a maximum hash rate of 17 GH/s, the Antminer L9 has slightly lower power consumption. If the price difference between the two is not a major concern, the Antminer L9 is undoubtedly the better choice.
The VolcMiner D1, as a rising star in the market, offers performance that is very similar to the Antminer L9. With its competitive price advantage, the VolcMiner D1 is sure to attract a significant number of users.
Although the ElphaPex DG 1+ lags behind the other two miners in terms of performance, it has earned the favor of many users due to its stable performance and affordable price, leading to significant repurchase demand. Additionally, ElphaPex plans to release a new miner, the ElphaPex DG Hydro 1, in May 2025. This miner will have a hash rate of 20 GH/s, power consumption of 6200W, and an efficiency of 0.31 J/MH. It will become the highest hash rate Dogecoin miner known on the market.
Dogecoin Miner Payback Period Comparison
Although these three Dogecoin miners have visible differences in hash rate and power consumption, their payback periods cannot be directly determined by these parameters alone, as their prices also vary. Next, we will calculate the payback periods for these three Dogecoin miners.
Before proceeding with the calculations, we need to determine the following data:
Miner Prices:
- The December spot price of Antminer L9 is $14,600.
- The December spot price of VolcMiner D1 is $12,000.
- The December spot price of ElphaPex DG1+ is $11,600.
Electricity Costs:
- We will calculate electricity costs based on $0.06/KWh.
Amount and Prices of Mined Cryptocurrencies:
- Dogecoin miners can mine Litecoin, Dogecoin, and Bells simultaneously.
- For every 1 GH/s of hash rate, the following can be mined in 24 hours:
- 0.002444 Litecoin
- 8.665470 Dogecoin
- 0.00844 Bells
- The current prices of these cryptocurrencies are:
- Litecoin: $127.25
- Dogecoin: $0.4466
- Bells: $1.09
With these data, we can calculate the daily net income for the three Dogecoin miners:
| Miner Model | Hashrate (GH/s) | Power Consumption (W) | Electricity Cost (USD/day) | Mining Revenue (USD/day) | Net Income (USD/day) |
|---|---|---|---|---|---|
| Antminer L9 | 17 | 3570 | 5.13 | 71.30 | 66.17 |
| VolcMiner D1 | 17 | 3900 | 5.60 | 71.30 | 65.70 |
| ElphaPex DG 1+ | 14 | 3920 | 5.64 | 58.69 | 53.05 |
Although the hash rate and power consumption of these three miners differ, we can more intuitively assess their payback periods by calculating their daily net income. Based on the previous calculations, the Antminer L9 has the highest daily net income, followed by the VolcMiner D1, while the ElphaPex DG1+ has a relatively lower daily net income.
With the daily net income, we can calculate the payback period for each miner by dividing the price of the miner by its daily net income:
| Miner Model | Miner Price (USD) | Net Income (USD/day) | Payback Period (days) |
|---|---|---|---|
| VolcMiner D1 | 12,000 | 65.70 | 182.34 |
| ElphaPex DG 1+ | 11,600 | 53.05 | 218.18 |
| Antminer L9 | 14,600 | 66.17 | 220.61 |
Surprisingly, the longest payback period is for the Antminer L9, which takes 220.61 days to break even, while the fastest payback is for the VolcMiner D1, which reaches breakeven in about 182.34 days. In comparison, the ElphaPex DG1+ has a payback period of 218.18 days, which is very close to the Antminer L9, demonstrating similarly excellent performance.
With these data, we can calculate the daily net income for the three Dogecoin miners:
| Miner Model | Electricity Cost (USD/day) | Mining Revenue (USD/day) | Net Income (USD/day) |
|---|---|---|---|
| Antminer L9 | 5.13 | 71.30 | 66.17 |
| VolcMiner D1 | 5.60 | 71.30 | 65.70 |
| ElphaPex DG 1+ | 5.64 | 58.69 | 53.05 |
Although the hash rate and power consumption of these three miners differ, we can more intuitively assess their payback periods by calculating their daily net income. Based on the previous calculations, the Antminer L9 has the highest daily net income, followed by the VolcMiner D1, while the ElphaPex DG1+ has a relatively lower daily net income.
With the daily net income, we can calculate the payback period for each miner by dividing the price of the miner by its daily net income:
| Miner Model | Miner Price (USD) | Net Income (USD/day) | Payback Period (days) |
|---|---|---|---|
| VolcMiner D1 | 12,000 | 65.70 | 182.34 |
| ElphaPex DG 1+ | 11,600 | 53.05 | 218.18 |
| Antminer L9 | 14,600 | 66.17 | 220.61 |
Surprisingly, the longest payback period is for the Antminer L9, which takes 220.61 days to break even, while the fastest payback is for the VolcMiner D1, which reaches breakeven in about 182.34 days. In comparison, the ElphaPex DG1+ has a payback period of 218.18 days, which is very close to the Antminer L9, demonstrating similarly excellent performance.
Conclusion
After comparing the performance, power consumption, net income, and payback periods of the top-tier Dogecoin miners—Antminer L9, VolcMiner D1, and ElphaPex DG1+—we can draw the following conclusions:
- The Antminer L9 excels in hash rate and net income, with a hash rate of 17 GH/s and a daily net income of $66.17. Although its payback period is 220.61 days, which is slightly longer than the other miners, its exceptional performance remains a strong competitive advantage.
- As an emerging miner, the VolcMiner D1 offers similar hash rate and net income to the Antminer L9 but boasts the shortest payback period of just 182.34 days, making it the preferred choice for many investors.
- The ElphaPex DG1+ has slightly lower hash rate and net income, with a payback period of 218.18 days, which is almost the same as the Antminer L9. Its stable performance and lower price have still attracted a significant number of users.
However, it is important to note that the payback period is not solely determined by hash rate and electricity costs. Factors such as cryptocurrency price fluctuations, miner price, operating conditions, and after-sales service can all significantly affect the payback period. For instance, price volatility of Dogecoin and other cryptocurrencies may lead to fluctuating profits, while the stability of the miner and the manufacturer’s after-sales service can directly impact long-term returns. Therefore, investors should take into account not only the payback period but also the market environment, miner quality, and after-sales support when choosing a miner to make a more informed decision.
Summary
Investing in cryptocurrency mining equipment is a long-term decision, and the payback period is just one reference point. When choosing, investors should consider multiple variables, such as the stability of the equipment, after-sales service, and potential market risks. Only after a comprehensive assessment of these factors can one make the most suitable choice.
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VolcMiner D1 Litecoin Dogecoin Miner
$8,199.00 – $13,000.00 -
Elphapex DG1+ Litecoin Dogecoin Miner
$8,465.00 – $10,600.00
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