What is the correct low-energy spin Hamiltonian description of α-RuCl 3 ? The material is a promising Kitaev spin liquid candidate, but is also known to order magnetically, the description of which necessitates additional interaction terms. The nature of these interactions, their magnitudes and even signs, remain an open question. In this work we systematically investigate dynamical and thermodynamic magnetic properties of proposed effective Hamiltonians. We calculate zero-temperature inelastic neutron scattering (INS) intensities using exact diagonalization, and magnetic specific heat using a thermal pure quantum states method. We find that no single current model satisfactorily explains all observed phenomena of α-RuCl 3 . In particular, we find that Hamiltonians derived from first principles can capture the experimentally observed high-temperature peak in the magnetic specific heat, while overestimating the magnon energy at the zone center. In contrast, other models reproduce important features of the INS data, but do not adequately describe the magnetic specific heat. 1, 4 2 3 5 6 7 8 9 10 11 14 15 16 17 (c) Spread of proposed models FIG. 1. α-RuCl 3 . (a) The zigzag magnetic order. (b) The honeycomb lattice and its different bonds. Solid, dotted and dashed lines represent nearest, second-nearest and third-nearest neighbor bonds, respectively. (c) The variability in two nearest neighbor (NN) parameters between various proposed spin Hamiltonians for α-RuCl 3 .The Hamiltonians marked by red, bold numbers (blue, roman) are discussed in the main text (Supplemental Information). Here K 1 and J 1 are the NN Kitaev and Heisenberg couplings, respectively, and Γ is an NN symmetric off-diagonal interaction. Models with ferromagnetic (antiferromagnetic) K 1 are marked with crosses (open circles). Bond averaged values were used for anisotropic models. magnetic specific heat [25, 33, 34], NMR [30, 35], microwave absorption [36], Raman scattering [37-39], and THz spec-arXiv:1906.07579v1 [cond-mat.str-el]