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.
6 Related Question Answers Found
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.
ASICs, or application-specific integrated circuits, are hardware designed to do a specific task. In the case of Bitcoin, ASICs are designed to process SHA-256 hashing problems to mine new bitcoins. Ethereum, on the other hand, is designed to be mined with GPUs.
ASICs, or application-specific integrated circuits, are silicon chips designed specifically for a particular use. In the case of cryptocurrencies, that use is mining. ASIC miners are purpose-built machines that do nothing but mine for a specific cryptocurrency.
Since the early days of Bitcoin, there have been attempts to develop specialized hardware for mining cryptocurrencies. These so-called “Application-Specific Integrated Circuits” (ASICs) are designed to do one thing and one thing only: mine a specific cryptocurrency as efficiently as possible. ASICs for Bitcoin were first released in 2013, and since then, companies have released ASICs for a variety of other cryptocurrencies, including Ethereum.
ASICs, or application-specific integrated circuits, are chips designed for a specific purpose. In the case of Bitcoin, ASICs are designed specifically to mine Bitcoin and nothing else. Ethereum is different from Bitcoin in that it is not possible to create an ASIC that would be able to mine Ethereum.
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.
