In the current research, entropy generation for the water–alumina nanofluid flow is studied in a circular minichannel for the laminar regime under constant wall heat flux in order to evaluate irreversibilities arising from friction and heat transfer. To this end, simulations are carried out considering the particle migration effects. Due to particle migration, the nanoparticles incorporate non-uniform distribution at the cross-section of the pipe, such that the concentration is larger at central areas. The concentration non-uniformity increases by augmenting the mean concentration, particle size, and Reynolds number. The rates of entropy generation are evaluated both locally and globally (integrated). The obtained results show that particle migration changes the thermal and frictional entropy generation rates significantly, particularly at high Reynolds numbers, large concentrations, and coarser particles. Hence, this phenomenon should be considered in examinations related to energy in the field of nanofluids.