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How to Choose Your First Bitcoin Miner: M70, M70S, or M73?

For most first time miners, the choice is between the Whatsminer M70 (214 to 242 TH/s at ~14.5 J/TH) and the Whatsminer M70S (226 to 264 TH/s at ~13.5 J/TH), two air cooled machines that rank among the top tier miners in the industry. The M73 is a hydro cooled, high hashrate machine built for experienced operators with large scale deployments.

4 min read3 sections
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  2. Resources
  3. How to Start Mining
  4. Choosing Your First Miner
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On this page
  1. 01Quick Decision Guide
  2. 02Full Comparison
  3. 03M70 vs. M70S: What J/TH Means for Your Power Bill

This guide helps you match the right hardware to your budget, holding horizon, and hosting setup. Hardware prices fluctuate; see each product page for current pricing.

Quick Decision Guide#

Choose the M70 if:

  • You want a top tier air cooled machine at 214 to 242 TH/s
  • You're testing hosted mining before committing to a larger fleet
  • You want flexible power modes from about 3,140 to 5,000 W

Choose the M70S if:

  • You plan to hold long term: the 13.5 J/TH rating keeps electricity per TH low over time
  • You're building a fleet and want a 13.5 J/TH rating on every unit
  • You want up to 264 TH/s in an air cooled chassis

Choose the M73 if:

  • You need maximum hashrate in minimum rack space
  • Noise and density are critical constraints (hydro is nearly silent)
  • You have hydro cooling infrastructure available
  • You want up to 526 TH/s in a single chassis at 14.5 J/TH

Full Comparison#

SpecM70M70SM73
Hashrate214 to 242 TH/s226 to 264 TH/s470 to 526 TH/s
Efficiency~14.5 J/TH~13.5 J/TH14.5 J/TH
Power DrawAbout 3,140 to 5,000 WAbout 3,140 to 5,000 W~7,200 W
CoolingAirAirHydro (required)
Monthly elec. at $0.07~$158 to $176~$176~$362
PriceContact for priceContact for priceContact for price
Built forFlexible air cooled miningLong holds at 13.5 J/THDensity, quiet ops

M70 vs. M70S: What J/TH Means for Your Power Bill#

At $0.07/kWh, each 1 J/TH on a machine at a typical 3,500 W draw equals approximately $13 to $14/month in electricity (~$163 vs $176.40/month for a hypothetical 13.5 vs 14.5 J/TH at the same hashrate). Over 12 months: ~$156 to $168/machine. Over 24 months: ~$312 to $336/machine.

Which model fits best depends on the current price of each and your holding period. Use our profitability calculator to model both options with current pricing.

Questions

Frequently Asked Questions

For most beginners in 2026, the Whatsminer M70 or M70S is a strong fit. The M70 delivers 214 to 242 TH/s at ~14.5 J/TH. The M70S delivers 226 to 264 TH/s at ~13.5 J/TH and suits long term holds. Both are air cooled, rank among the top tier machines in the industry, and are straightforward to host. The M73 (470 to 526 TH/s, hydro) runs on specialized hydro infrastructure and is built for experienced operators.

It depends on your budget and holding horizon. The M70 delivers 214 to 242 TH/s at ~14.5 J/TH and suits miners who want to keep their initial outlay focused. The M70S delivers 226 to 264 TH/s at ~13.5 J/TH and suits miners planning a longer hold. Both deliver comparable hashrate and work well hosted at $0.07/kWh.

The M73 is built for a specific setup: it runs on hydro cooling infrastructure, draws ~7,200W, and delivers 470 to 526 TH/s at 14.5 J/TH. It is a strong fit for large scale operators who want maximum hashrate density and quiet operation. First time miners and individual operators who want an air cooled machine will find the M70 or M70S a natural fit.

Key decision factors: (1) upfront budget: compare the current price of each model; (2) holding period: at 13.5 J/TH, the M70S suits longer holds; (3) fleet size: across a large fleet, each unit's J/TH rating adds up. Use our profitability calculator with the current price of each model and your expected holding period to compare the two side by side.

Not sure which miner to choose?

Contact us. We can recommend the right hardware based on your budget, goals, and timeline, and get you hosted at $0.07/kWh in Southeast Texas.