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Bitcoin Essentials
book

Bitcoin Essentials

by Albert Szmigielski
February 2016
Beginner
130 pages
2h 43m
English
Packt Publishing
Content preview from Bitcoin Essentials

Pros and cons of ASIC mining

Mining with an ASIC has its advantages and disadvantages. Let's examine these in order to understand if and when it is appropriate to use ASICs to mine Bitcoin. As you might recall, mining started on CPUs and then it moved over to GPUs, then briefly to FPGAs, and finally to ASICs. These machines are perhaps the last stop in hardware used for mining.

Currently, there isn't anything on the horizon that will replace ASICs any time soon. Quantum computers could theoretically be a candidate but such machines either do not exist or simply are not available to be acquired.

Pros of ASIC mining

ASIC mining is the fourth (and perhaps the last) step in mining hardware evolution. Currently all the serious miners, including professional ...

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Publisher Resources

ISBN: 9781785281976