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Author Topic: Is Asic miner more friendly right now  (Read 259 times)
S3300 (OP)
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August 08, 2022, 06:36:38 AM
#1

Do you think that Asic miner is a better buy at this present time? Since Ethereum is going to PoS soon and no other PoW coins is delivering the exact returns of that Ethereum I think it will be smarter to nose out for better returns this is why I am asking this question, if Asic is better then I will dish GPU for Asic
hymperion
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August 08, 2022, 07:21:29 AM
#2

I sincerely believe so. I recently bought 4 used asics and am no longer buying GPUs.

GFDhd
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August 08, 2022, 07:38:16 AM
#3

Both GPU and ASIC miners support Bitcoin's proof-of-work SHA256 algorithm, but ASICs are more efficient.
hZti
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August 08, 2022, 07:41:28 AM
#4

Mining with graphics cards was a long time more profitable since many people are mining Bitcoin only and Graphics card are way harder to get. You have to consider that buying ASIC for the average user may seem hard, but for big mining companies it is way more easy than to buy graphic cards. Since Graphic Cards are now easy to get you don't get that premium anymore.
hymperion
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August 08, 2022, 10:26:09 AM
#5

besides the fact that you can't mine BTC with GPUs, it's terribly inefficient.

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August 08, 2022, 11:47:35 AM
#6

Take note ASIC units are power hungry compared to mining with GPU if you are planning to mine with ASIC you need to be prepared so I suggest you read this "First time/Small miner reference for getting started."


Both GPU and ASIC miners support Bitcoin's proof-of-work SHA256 algorithm, but ASICs are more efficient.

Mining with GPU is no longer profitable and it can no longer mine BTC maybe years ago it can still mine BTC SHA256 algo but right now GPU is no longer supported. Unless you talking about mining on Nicehash and paying you in BTC you are not mining directly with BTC you are paid due to hashrate rentals on Nicehash.


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Canaan Online Shop
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August 12, 2022, 09:29:35 AM
#7

I vote for Asic Grin

May the love & faith fill your heart and the mining of bitcoin fill your wallet. Feel free to DM for the updated quotation.
loveselenagomez
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August 12, 2022, 11:13:06 AM
#8

Off course ASIC miner more friendly and more profitable right now,also electricity cost more high from gpu.but i am not saying gpu mining bad, overall Asic miner best in my opinion.