ASIC miners are designed to mine a specific coin, such as Bitcoin or Ethereum. They cannot be used to mine other coins.
ASICs for Ethereum do not exist. There are a few ASICs for mining Ethereum Classic (ETC) but they cannot be used to mine ETH.
NOTE: WARNING: ASIC miners are not designed to mine Ethereum. Ethereum uses a different consensus algorithm than Bitcoin and other cryptocurrencies that ASICs are designed for. Attempting to mine Ethereum with an ASIC miner is likely to be unsuccessful, and you risk damaging your hardware or wasting electricity in the process. It is recommended that you use a GPU or CPU miner specifically designed for Ethereum to mine the cryptocurrency.
GPUs can be used to mine ETH. AMD and NVIDIA GPUs are both popular choices for mining Ethereum.
There is no one-size-fits-all answer to this question. It depends on your budget, your electricity costs, and the type of mining rig you have.
10 Related Question Answers Found
ASIC miners are devices that are designed to mine a specific cryptocurrency. For example, an ASIC miner for Bitcoin would be designed to mine Bitcoin and would not be able to mine other cryptocurrencies. Ethereum is a different cryptocurrency to Bitcoin and therefore an ASIC miner for Ethereum would be unable to mine Bitcoin.
Yes, ASIC S9 can mine Ethereum. However, Ethereum is designed to be ASIC-resistant, meaning that it is difficult to mine with an ASIC. There are a few reasons for this:
1) Ethereum has a memory-hard algorithm.
Yes, the Antminer can mine Ethereum. However, whether or not it is profitable to do so depends on a number of factors. The biggest factor is the price of Ethereum.
The cryptocurrency market is highly volatile and unpredictable. This is especially true when it comes to Ethereum, the second largest cryptocurrency by market capitalization. In the past year, Ethereum has seen incredible price swings, rising from less than $100 in early 2017 to over $1,000 in January 2018.
The bitcoin mining process is a very energy-intensive one. This is because the search for new blocks is a computationally-intensive process that requires a lot of power. The Antminer, developed by Bitmain, is a specialized piece of hardware designed specifically for mining bitcoin.
ASICs, or application-specific integrated circuits, are hardware designed to do one thing and one thing only. They are purpose-built to mine cryptocurrencies extremely efficiently, and compared to general-purpose hardware like CPUs and GPUs, they offer a significantly higher hashrate for the same power consumption. The first ASICs were designed to mine Bitcoin, and they quickly dominated the mining landscape.
As cryptocurrency prices continue to rise, more and more people are looking for ways to get involved in the market. For those with a background in computer science and graphics processing, mining can be a way to earn a passive income by using your skills to validate transactions on a blockchain. The most popular cryptocurrency is Bitcoin, but there are many others that use similar blockchain technology.
ASIC miners areApplication-Specific Integrated Circuit miners, and they are hardware that is made specifically for mining cryptocurrencies. ASICs for Ethereum currently do not exist. However, there have been attempts to create ASICs for Ethereum in the past, and there is always the possibility that someone will create an ASIC for Ethereum in the future.
ASICs, or application-specific integrated circuits, are hardware designed to do one thing and one thing only. That one thing varies from ASIC to ASIC, but for Bitcoin, it is to mine Bitcoin. More specifically, to mine SHA-256 hashes very quickly.
Yes, a CPU can mine Ethereum. In fact, all you need in order to mine Ethereum is a GPU and an Ethereum mining program. However, there are a few things to keep in mind if you want to mine Ethereum with a CPU.
