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What is a mining ASIC?

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What is a mining ASIC?

ASIC mining is essentially the process of mining cryptocurrencies like Bitcoin using ASIC rigs. An ASIC miner is a piece of equipment that is purposely-built solely for mining. Unlike other types of mining devices, ASICs can only be used to mine cryptos and nothing else.

Are ASIC miners better than GPU?

ASIC mining machines are typically more expensive, louder, and more power intensive than GPU machines. But they generally require less maintenance and offer more efficient power use.

How long do ASIC miners last?

The average lifespan of a well-kept, maintained machine can be around 3 to 5 years. Nevertheless, if you keep ASICs in harsh or poor conditions, they can deteriorate in as little as a few months. Contrarily, taking good care of an ASIC miner can prolong their lifespan for more than 5 years.

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Can Antminer mine ethereum?

A: The AntMiner S9 can only mine coins based on the SHA256 alagorithm such as bitcoin and bitcoin cash. Ethereum is based on a Keccak algorithm and is therefor unable to be mined with an AntMiner S9.

What can you mine with ASIC?

ASIC miners are purpose built machines usually dedicated to mining a single type of coin. These can be more expensive and difficult to source, but are more profitable in the long run….Kadena (KDA)

  • Goldshell KD5 (18 Th/s @ 2250W)
  • Goldshell KD2 (6.4 Th/s @ 830W)
  • Goldshell KD-BOX (1.6 Th/s @ 205W)

Can you use ASIC for Ethereum?

The Bitmain Antminer E9 is the world’s most powerful Ethereum mining ASIC. Bitmain has launched a new ASIC tailor-made for Ethereum. It can hit peak hash rates of 3GH/s, roughly equivalent to 32 GeForce RTX 3080 graphics cards.

How long will Antminer S19 Pro last?

The lifespan of the Bitmain S19 Pro or the Whatsminer M30S+ is expected to last four years till the next halving.

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What should I mine for ASIC miners?

What are the best bitcoin miners?

Cheap mining hardware will mine less bitcoins, which is why efficiency and electricity usage are important. The fastest and more efficient mining hardware is going to cost more. Don’t try to buy a miner based on only price or only hash rate. The best ASIC miner is the most efficient bitcoin miner.

What is the easiest cryptocurrency to mine?

Vertcoin. Now that widespread criticism has started to arise over the increase in large scale cryptocurrency mining, some smaller digital currencies decided to put the kibosh on it.

Is bitcoin mining still profitable?

Bitcoin mining can still make sense and be profitable for some individuals. Equipment is more easily obtained and various efficiency machines are available. For example, some machines allow users to alter settings to lower energy requirements, thus lowering overall costs.