Why do I need an ASIC to mine cryptocurrency?

Buy An ASIC or GPU For Mining Right Now? Asic mining profits vs GPU 85~95%new Asic miner BTC BCC BCH WhatsMiner M3X 12TH/S Bitcoin Miner M3 miner With PSU better than ASIC Miner Boosting - YouTube Best used old Asic Miner Bitcoin Miner WhatsMiner M3X 11.5-12.5T/S Better Than Antminer S7 S9 Whats

Taking Bitcoin as an example, it’s by far the most traded cryptocurrency, and the maturity of its market means that mining coins has become more complex, and more competitive. It’s a big company game, really, with specific mining companies invested in large number of ASIC solutions, tending to site them in areas where the cost of power is Bitmain, the company that made ASIC miners more reliable and affordable also put them into mass production.While improving upon their SHA-256 bitcoin-focused Antminer ASICs, Bitmain set their sites on other pastures. The next cryptocurrencies on their radar were Litecoin and Dash which use the Scrypt and X11 algorithms respectively. Currently, ASIC is designed by Bitmain and Canaan company. Cryptocurrency coin likes Bitcoin and Litecoin are based on ASIC mining. Advantages of ASIC mining 1. Low power use. 2. A Very high hash rate for specific coin. 3. Physical size (much smaller and lighter for similar performance). 4. High-profit margin. Disadvantages of ASIC mining 1. Cryptocurrencies have already found and established their place in the market. There is increasingly ongoing research on them, which gives this technology a very promising future. Currently there are two main choices for earning cryptocurrency: ASIC mining and GPU mining. In this article we summarise the reasons and advantages behind each method and compare theirRead more After Bitcoin entered the scene 11 years ago, the word mining took a new meaning altogether. Cryptocurrency mining is the mechanism through which new coins are introduced into circulation, and transactions are processed. The appeal of crypto mining is that miners are rewarded with crypto tokens, or transaction fees, depending…

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Buy An ASIC or GPU For Mining Right Now?

THANK YOU To Crypto Miner Bros For Sending Me This Bitmain Antminer Z15 ASIC! https://www.cryptominerbros.com/ Interested In a Bitmain Antminer Z15? My Favorite Book - "The Bitcoin Standard": https://geni.us/NH5spNd Email - [email protected] ... GPU vs A10 ASIC Mining Ethereum Comparison - Duration: 7:51. BuriedONE 11,547 views. In this video i talk about 2 Antminer s9 running at 15 T/Hs and my various GPU pc's i have running. The GPU mining im doing is strictly with Cudo miner and im not holding any coin positions ... #Bitcoin #Profitability #GPUmining. Loading... Hide chat Show chat. ... Innosilicon Grincoin ASIC Miners Specifications & Profitability - Duration: 13:52. VoskCoin 15,091 views. T4D #84 Pt 2 Bitcoin Mining, BFL ASIC vs FPGA vs GPU vs CPU - Duration: 28 minutes. 348 views; 5 years ago; 3:45. Scrypt Mining 4,500+ KH s 5 GPU best rig in the world!!!

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