New in Crypto Mining?

All you need to know before to buy and invest in cryptocurrency mining.

Application-specific integrated circuit

An application-specific integrated circuit (ASIC /ˈsɪk/) is an integrated circuit (IC) chip customized for a particular use, rather than intended for general-purpose use. For example, a chip designed to run in a digital voice recorder or a high-efficiency bitcoin miner is an ASIC. Application-specific standard product (ASSP) chips are intermediate between ASICs and industry standard integrated circuits like the 7400 series or the 4000 series.[1] ASIC chips are typically fabricated using metal-oxide-semiconductor (MOS) technology, as MOS integrated circuit chips.[2]

As feature sizes have shrunk and design tools improved over the years, the maximum complexity (and hence functionality) possible in an ASIC has grown from 5,000 logic gates to over 100 million. Modern ASICs often include entire microprocessors, memory blocks including ROM, RAM, EEPROM, flash memory and other large building blocks. Such an ASIC is often termed a SoC (system-on-chip). Designers of digital ASICs often use a hardware description language (HDL), such as Verilog or VHDL, to describe the functionality of ASICs.[1]

Field-programmable gate arrays (FPGA) are the modern-day technology for building a breadboard or prototype from standard parts[vague]; programmable logic blocks and programmable interconnects allow the same FPGA to be used in many different applications. For smaller designs or lower production volumes, FPGAs may be more cost-effective than an ASIC design, even in production. The non-recurring engineering (NRE) cost of an ASIC can run into the millions of dollars. Therefore, device manufacturers typically prefer FPGAs for prototyping and devices with low production volume and ASICs for very large production volumes where NRE costs can be amortized across many devices.[citation needed]

 

Graphics processing unit

A graphics processing unit (GPU) is a specialized electronic circuit designed to rapidly manipulate and alter memory to accelerate the creation of images in a frame buffer intended for output to a display device. GPUs are used in embedded systems, mobile phones, personal computers, workstations, and game consoles.

Modern GPUs are very efficient at manipulating computer graphics and image processing. Their highly parallel structuremakes them more efficient than general-purpose central processing units (CPUs) for algorithms that process large blocks of data in parallel. In a personal computer, a GPU can be present on a video card or embedded on the motherboard. In certain CPUs, they are embedded on the CPU die.[1]

In the 1970s, the term "GPU" originally stood for graphics processor unit and described a programmable processing unit independently working from the CPU and responsible for graphics manipulation and output.[2][3] Later, in 1994, Sony used the term (now standing for graphics processing unit) in reference to the PlayStation console's Toshiba-designed Sony GPU in 1994.[4] The term was popularized by Nvidia in 1999, who marketed the GeForce 256 as "the world's first GPU".[5] It was presented as a "single-chip processor with integrated transform, lighting, triangle setup/clipping, and rendering engines".[6]Rival ATI Technologies coined the term "visual processing unit" or VPU with the release of the Radeon 9700 in 2002.[7]

 

Source: Wikipedia

 

  • Is CPU mining still profitable 2021?

Unless you were one of the very first people to mine Bitcoin, CPU mining has never been profitable. ... today, you really must have an ASIC and a deal with a power company to make any money mining Bitcoin in 2021.

 

  • How does ASIC miner work?

An ASIC miner refers to a device that uses microprocessors for the sole purpose of "mining" digital currency. Generally, each ASIC miner is constructed to mine a specific digital currency. So, a bitcoin ASIC miner can mine only bitcoin.

 

  • Is ASIC mining profitable?

Bitcoin Mining Hardware ASICs. Hobby Bitcoin mining can still be fun and even profitable if you have cheap electricity and get the best and most efficient Bitcoin mining hardware.

 

  • What can I mine with ASIC miner?

In simple terms, any miner that is built to mine Bitcoin can mine anything that uses the encryption the Bitcoin uses. In other words, any SHA256-based miner like Antminer can mine SHA-based currencies such as Litecoin and Bitcoin. For Ethereum you need to mine with a Ethash Algorithm Miner.

 

  • How long do ASIC miners last?

A well maintained ASIC typically lasts 3-5 years, although longer is not unheard of.

 

  • What is inside a ASIC miner?

An ASIC miner is not a desktop or a graphics card. It is an application-specific integrated circuit that is designed for single purposes such as audio processing or managing a cellphone call. ... Now, each cryptocurrency has its own hash algorithm and ASIC miners are designed to mine using that specific algorithm.

 

  • How long does it take to mine 1 ethereum?

How Long To Mine 1 Ethereum. One Ethereum - or 1 ETH - does not, theoretically, take long to mine. Ethereum has a block time of around 13 to 15 seconds, with each block rewarding 2 ETH.

 

  • Is mining Bitcoin illegal?

For this reason, Bitcoin is completely illegal in certain places. Bitcoin ownership and mining are legal in more countries than not. Some examples of places where it is illegal are Algeria, Egypt, Morocco, Bolivia, Ecuador, Nepal, and Pakistan.4 Overall, Bitcoin use and mining are legal across much of the globe.

 

  • What is the most profitable ASIC miner?

Innosilicon A10 Pro 6g 720mh ETH miner is an upgraded version optimized for ETH mining 2.0, and also is the most profitable asic miner in the world now.

 

  • How much does it cost to mine 1 ethereum?

As of Saturday, August 28, 2021, it would take 62.5 days to mine 1 Ethereum at the current Ethereum difficulty level along with the mining hashrate and block reward; a Ethereum mining hashrate of 750.00 MH/s consuming 1,350.00 watts of power at $0.10 per kWh, and a block reward of 2 ETH.

 

  • Where can I mine bitcoin for free?
Download Free Bitcoin Mining Software
  • EasyMiner: It is a GUI based free Bitcoin miner for Windows, Linux, and Android. ...
  • BTCMiner: BTCMiner is an open-sourced Bitcoin miner containing a USB interface for communicating. ...
  • MinePeon: It is also an open-sourced Bitcoin miner with prominent stability and performance.