Cryptocurrency mining, or cryptomining, is a process in which transactions for various forms of cryptocurrency are verified and added to the blockchain digital ledger. What are ASIC and GPU miners?
ASIC Miners are professional mining computers that are designed for computing one specific algorithm and only that algorithm. By narrowing the scope, hardware manufacturer are able to design space efficient machines that are more powerful, consume less electricity and are cheaper overall compared to GPU rigs. If bought at the right time, ASICS have higher earnings per day, and the hardware costs on an ASIC miner can be paid back within the first year.
GPU Mining rigs are powerful universal computers designed to adapt to any cryptocurrency. Therefore a mining operator has complete control over what is being mined. GPUs, when combined with the right combination of software, drivers, and configuration can mine multiple algorithms simultaneously and are able to switch to a new coin at any moment. This flexibility protects miners from future ASICS and coin price volatility. Many Alt-coins were specifically designed to be incompatible with ASICs.
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