ASIC miner vs GPU mining
Whether you're a seasoned bitcoin miner or just getting started, you might have wondered which mining rigs to choose between a GPU and an ASIC miner. Both ASIC miners and GPU miners have their pros and cons, and it can be tough to decide which is the best option for you. We're going to compare asic miners and gpu miners, to give you a better understanding and help you decide which option is right for you.
While both GPU and ASIC algorithms are used to compute hash and generate cryptocurrency rewards, they operate in different ways.
GPUs are specifically designed to render 3D graphics and shapes. This requires complex mathematical calculations that need to be done in parallel.
The same applies to GPU mining, where the many thousands of parallel processing cores in modern GPUs make them great at brute forcing the complex math problems needed to calculate mining hashes and ultimately earn their miners some cryptocurrency.
Often seen as the more profitable option, as it can be done with a smaller upfront investment although there a many more parts required to get up and running. GPU mining uses the graphic card to mine different cryptocurrencies
What is the GPU?
The Graphics Processing Unit (GPU) is a specialized electronic circuit designed to rapidly process mathematically intensive tasks on the computer. Think of it as a supercharged calculator.
ASIC miners are designed specifically for mining, and can't be used for anything else. They are much more expensive than GPU miners, but they are also much more powerful. ASIC miners can be used to mine any cryptocurrency, but they are most commonly used to mine Bitcoin.
What Is ASIC Miner?
An ASIC miner is a cryptocurrency mining rig that uses a set of ASIC chips to mine cryptocurrencies. ASIC miners are more expensive than GPU miners, but they are also much more powerful.
What can ASICs and GPUs mine?
ASICs and GPUs can both mine cryptocurrencies. ASIC miners are most commonly used to mine Bitcoin, while GPUs can be used to mine any cryptocurrency and is used to mine Vertcoin, Monero, Ravencoin, Ethereum Classic (ETC) and Dogecoin.
ASIC miners have a higher hashrate output than GPU miners. This means that ASIC miners can mine more cryptocurrency in a shorter amount of time than GPU miners.
The term "hashrate" refers to the overall aggregate computational power that is being utilized to mine and process transactions on a Proof-of-Work blockchain, such as Bitcoin.
Because each hash is random and unpredictable, it may take millions of tries – or hashes – before the target is achieved and a miner wins the right to fill the next block and add it to the blockchain. When this happens, a block reward of freshly minted coins is given to the successful miner, as well as any fee payments linked with the transactions.
The block reward, which is a pre-determined amount of free coins allocated to the successful miner each time a new block is mined. On the majority of Proof-of-Work (PoW) blockchains a predetermined halving as the coin's mining lifespan draws to an end in order to slightly reduce the overall quantity over time.
Energy consumption and efficiency
ASIC miners are more energy efficient than GPU miners. This means that ASIC miners use less electricity to mine the same amount of cryptocurrency as GPU miners.
User-friendliness and maintenance
ASIC miners are basically plug and mine, require less maintenance and easier to setup than GPU miners. With GPU miners you will need to hire someone to setup everything for you, or you will need to buy many different parts and build the mining rig yourself, not so easy without the techical knowledge. Also, with more "moving" parts brings more maintenance and the knowledge to understake that maintenance, buying spare parts, etc.
With the ASIC miners, as stated, they are just plug in and good to go. Maintenance is minimal, blowing off dust and fan maintenance. On the GPU side, cooling and maintenance can be overwhelming covering video card issues, mechanical maintenance of contacts, fan failure, thermal paste, cooling parts, etc.
Shop for ASIC Miners
At Bonn Miners we supply a wide range of ASIC miners with professional and trusted support. If you have any questions about mining equipment or looking to setup a passive income through crypto mining then we are the experts to speak to.