Assets, Ethereum

Can You Mine Ethereum Classic With ASIC?

ASICs, or application-specific integrated circuits, are specially designed hardware that performs the hashing algorithm required to mine a specific cryptocurrency. For Ethereum Classic, this is the Ethash algorithm.

ASICs are purpose-built to mine Ethereum Classic and offer significantly higher performance than CPUs and GPUs.

The first ASICs for Ethereum Classic were released in early 2018 by Chinese manufacturer Bitmain. The Antminer E3 was the first and most popular ASIC for Ethereum Classic, providing up to 180 MH/s of hashrate for a relatively low price.

However, the E3 is no longer manufactured and is difficult to find second-hand.

NOTE: WARNING: Mining Ethereum Classic with ASIC (Application Specific Integrated Circuit) is a highly specialized process that requires specialized hardware and expertise. If you are not experienced with building, configuring, and maintaining ASIC hardware, it is not recommended that you mine Ethereum Classic with ASIC. Additionally, significant capital investment is required to purchase and maintain ASIC hardware. Before investing any money into mining Ethereum Classic with ASIC, be sure to conduct extensive research on the cost/benefit of this endeavor.

In 2019, Bitmain released the Antminer E9+, which is currently the most efficient Ethereum Classic ASIC on the market with a hashrate of up to 9 TH/s. The E9+ is also quite expensive, with a new unit costing around $4,000.

There are a few other manufacturers that produce Ethereum Classic ASICs, but Bitmain dominates the market with over 80% of all devices sold.

ASICs are the most efficient way to mine Ethereum Classic, but they come with a few drawbacks. Firstly, they are very expensive compared to other mining hardware options like GPUs.

Secondly, they can only be used to mine one cryptocurrency and cannot be switched to another coin like GPUs can. Finally, ASICs produce a lot of heat and noise and require specialized cooling solutions.

Despite these drawbacks, ASICs are still the best option for miners looking to maximize their profits by mining Ethereum Classic.

Previous ArticleNext Article