This is a complete tutorial about an ASIC Miner. An ASIC Miner refers to computerized hardware or a physical device that uses ASICs for the main purpose of mining digital or cryptocurrency. It is also brought to your notice that each ASIC bitcoin miner can only mine one bitcoin at a time. This is due to the fact that each ASIC miner distributers is constructed to mine a specific cryptocurrency.
What is an ASIC?
An ASIC (application-specific integrated circuit) is specifically designed for an application. It is a microchip that is designed for a particular kind of transmission protocol or a palm-top computer. You can compare it with the microprocessors or the random access memory chips in an ordinary computer or PC.
This is a guideline about GPU mining. In this category of crypto mining GPUs are used simply due to the fact that they are more efficient than their immediate counterparts. GPUs have been recorded rendered obsolete in crypto mining.
What is a GPU?
Graphics Processing Unit or a GPU is a specialized processor that is mainly designed to speed up or accelerate the rendering of graphics. They can process many blocks of data which makes them highly useful for video editing, gaming applications, machine learning, etc.
ASIC Miner VS GPU Mining
Now we will be comparing ASIC miner vs GPU mining To determine which the better crypto alternative is, there are some key features of both the competitors. These can be analyzed to determine the more efficient mining technique.
- Is GPU mining Profitable?
It is analyzed that GPU mining is not profitable even with the mining pool. But GPU mining allows you to mine with tools that contribute the hash rate to mine other crypto and get rewarded with bitcoin.
- Is ASIC mining still profitable?
According to the ETHEREUM ASIC mining equipment reviews, ASIC is one of the most profitable ETHEREUM miners out there. Depending on the power cost you can generate a profit of about $34.78 per day; $1,043 per month and $12,521 per year. This makes ASIC mining one of the most topmost and profitable mining techniques.
In the modern day, a GPU miner uses 100 watts of energy to mine $1 cryptocurrency, while an ASIC requires 800 wants for the same amount. As it is seen from the statistics GPUs mine crypto more efficiently than ASICs. But it is noticeable, that a GPU mining rig requires more physical space, than an ASIC mining rig.
- Energy Consumption:
ASIC miners use a higher amount of energy for mining. For reference, The Antminer S9 ASIC consumes 3,250 watts for the 95 TH/s batch if operating at a temperature of 25 degrees Celsius.
On the other hand, a rig with 3 GPUs can consume 1000 watts of power when it is running. Thus the GPUs use less power for mining crypto.
When you compare these 2 on a dollar-for-dollar basis GPUs are more efficient. But the ASIC miners, although typically more expensive and require more power than GPUs, are better than GPUs in mining cryptocurrencies. They are more powerful in terms of processing power where they can process more data per unit of time while also being more profitable than GPUs.