-- MagicMiner, a leading innovator in blockchain hardware, today announced the launch of its beginner-friendly home crypto miner, the BG01. This compact and energy-efficient mining rig is designed to make cryptocurrency mining accessible to everyday users, delivering quiet performance, low power consumption, and support for multiple SHA-256 cryptocurrencies. The BG02 features a GPU-style design, but does not have the functionality of a graphics card. Instead, it can be installed into a PC case just like a standard GPU, offering a distinctive look while enabling a seamless home mining experience.
According to research firm QYResearch, the global crypto mining hardware market is projected to surpass $51.75 billion by 2031, growing at a compound annual growth rate (CAGR) of 24%. Within this expanding sector, the home crypto miner and educational markets represent a significant untapped opportunity. Founded in 2023 by blockchain and semiconductor experts in Shenzhen, MagicMiner has quickly established itself as a leader in developing compact and consumer-friendly mining solutions.
A Milestone in Home Mining
The MagicMiner BG01 delivers a 4.5 TH/s hash rate at just 120W power consumption(comparable to a gaming laptop). As an energy-efficient mining rig, it operates at under 40 decibels (quieter than a standard refrigerator), making it an ideal quiet mining machine for residential environments. With its plug-and-play PCIe setup, the BG01 enables users to easily mine Bitcoin, Bitcoin Cash, and over 40 other SHA-256 cryptocurrencies.
Performance and Value Compared to BG02
Launched in July 2025, the BG02 is a high-performance home crypto miner that has been well received by users, standing out in the market with its distinctive design and powerful capabilities. Building on the success of the BG02, the BG01 inherits the same high-quality design and engineering while offering a more budget-friendly option for home miners. While the BG02 delivers a higher hash power of 7 TH/s, the BG01 achieves 4.5 TH/s with even lower power consumption, making it a more cost-effective solution without compromising reliability or ease of use. This balance of performance and affordability positions the BG01 as the ideal entry-level choice for individuals exploring cryptocurrency mining at home.
"BG01 transforms mining from an industrial pursuit into a consumer experience," noted a recent Tom’s Hardware review. "It is no longer a factory-bound unit, but a smart Bitcoin mining device you can place in your living room."
Since its debut in August 2025, the compact crypto miner has shipped over 50,000 units across 30 countries, capturing more than 15% of the home mining market. Its reliability and user-friendly design have also led to widespread adoption by blockchain education programs.
Global Expansion and Strong Backing
In June 2025, MagicMiner launched a global partner program, collaborating with leading mining pools including Coinbase Cloud and Binance Pool. The company's vision is backed by strong investor confidence, having secured $465 million in funding from NFDG Ventures, CapitalG, and others, propelling it to a valuation exceeding $1.5 billion.
Looking ahead, MagicMiner plans to release its next-generation SHA-256 miner by late 2025, further advancing performance and sustainability. As CEO JC Lai emphasized at the 2025 Consensus Conference:
Our vision is to transform every home miner into a green energy converter, making carbon-neutral mining a reality for all."
About MagicMiner
Founded in 2023 in Shenzhen, China, MagicMiner specializes in developing consumer-focused crypto mining hardware. By combining advanced ASIC technology with compact design, MagicMiner makes home crypto mining accessible to individuals, educators, and small businesses worldwide.
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