• High hash rate: ASICs are specifically designed to mine a particular cryptocurrency and can perform the task much faster and more efficiently than general-purpose devices like GPUs.

• Expensive: ASICs can be expensive to purchase and may not be cost-effective for small-scale miners.
• Limited flexibility: ASICs can only be used to mine a specific cryptocurrency and are not suitable for mining other types of coins.
• Noise and heat: ASICs can generate a lot of noise and heat, which may not be suitable for home use.
• power consumption

• Flexibility: GPUs can be used to mine a wide variety of cryptocurrencies and are generally more affordable than ASICs.
• Lower noise and heat: GPU miners generate less noise and heat compared to ASIC miners, which makes them more suitable for home use.
• You can resell your miner into parts to gamers when are u done with it.

• Lower hash rate: GPUs are general-purpose devices and not specifically designed for mining, which means they may not perform as well as ASICs when it comes to mining a specific cryptocurrency.

1. Bitmain Antminer S19 ProXP: This ASIC miner is designed for mining SHA-256 cryptocurrencies, such as Bitcoin and Bitcoin Cash, and has a hash rate of 110 TH/s with a power consumption of 3250 W.
2. MicroBT WhatsMiner M50  This ASIC miner is designed for mining SHA-256 cryptocurrencies, such as Bitcoin and Bitcoin Cash, and has a hash rate of 112 TH/s with a power consumption of 3250 W.

1. NVIDIA GeForce RTX 3090: This is currently considered one of the most powerful consumer GPUs available on the market, and is well-suited for mining a variety of cryptocurrencies, including Ethereum.
2. AMD Radeon RX 6800 XT: Another popular choice for GPU mining, the Radeon RX 6800 XT has a high hash rate and low power consumption, making it a great option for mining a variety of cryptocurrencies.
3. NVIDIA GeForce GTX 1080 Ti: This GPU is considered one of the best value-for-money options for mining, as it offers a high hash rate at a relatively low cost.
4. AMD Radeon RX 5700: is a budget-friendly option that can still mine many cryptocurrencies well.

Mining as an Integral Part of the Blockchain System

Bitcoin mining is the process of individuals or groups of people verifying transactions using graphics processing units or application-specific integration units. Those engaged in mining also prevent double-spending, which is when someone duplicates a Bitcoin. When someone verifies a transaction, they successfully “mine” Bitcoin. However, there are conditions that the miner has to meet to receive a financial reward.

To be successful, the miner must verify one megabyte of transactions. One megabyte is equal to one block of the blockchain. The blockchain is where transactions are recorded and verified. Secondly, he must be the first person to complete a complex math problem called a “hashing puzzle” using his computation hardware. When the hash puzzle is solved, one block on the blockchain is created. Miners with higher hash rates, the speed at which the math problem is solved, are more likely to solve hashing puzzles successfully.

Mining is also how new Bitcoin gets into circulation. It is similar to someone minting a coin or printing a currency note. At some point, though, Bitcoin will no longer be mined. As of Autumn 2019, there were 18.5 million in circulation. The cap was set at around 21 million by the creator or creators of this cryptocurrency.

Everything Needed for Mining Bitcoin: Hardware, Time, Space, and Money

A lot of computing power is needed to verify all transactions involving Bitcoin, which causes a problem for miners who think they will get Bitcoin quickly and effortlessly. All of this computing power comes from thousands of miners working on verifying transactions. Since there are so many people working on building blocks on the blockchain, it is harder to mine Bitcoin. The competitive nature of Bitcoin mining means miners have to devote a lot of time and money to their efforts.

In the past, it was possible to mine Bitcoin using a personal computer. That is no longer the case now that people are using more powerful computing equipment to mine Bitcoin. Currently, miners use graphics processing units and application-specific integrated circuits. This hardware can cost hundreds or tens of thousands of dollars. Also, it could take a long time for someone with a small operation to mine one coin considering he will be competing against miners who own thousands of computing units stored in multiple warehouses. Operations large and small consume a vast amount of electricity, so it is vital to mine in an area with cheap electricity rates.

Plenty of space is needed to house all of the processing units. As is the case in the link mentioned above, the miner being interviewed required two warehouses to store all of his equipment. However, someone who wants to start a small operation for fun can dedicate a room for storing the equipment.

Start-up capital will be required to start a large and profitable operation. Few people have the money needed to start a business independently, so they need to attract investors. To do this, create a comprehensive and easy to understand business plan covering information about the operation’s location, potential costs, zoning ordinances, etc.

Is Bitcoin Mining Worth It?

For most people, Bitcoin mining is not worth the trouble. The start-up costs are enormous, and it may be challenging to find people willing to invest in such a scheme. Bitcoin has a negative stigma among many investors (Warren Buffet in particular) because they consider it highly speculative. Another problem miners will encounter is a collapse in the value of Bitcoin. It is not a stable currency, as reflected by the history of its value. Small miners who spend a lot of money on a dozen computing devices will find it difficult to break even if Bitcoin dips into the bear market territory. However, a huge mining operation will likely be able to weather the storm simply because of the sheer volume of coins it can mine.

But do not be discouraged. Someone who has the time, money, and expertise to do this should try it. Many people do it as a hobby, and they enjoy themselves doing it. However, anyone considering doing this for a living should perform a serious cost-benefit analysis before starting an operation.

For the last day i have been working on some stats and ROI for 2 types of investment for 12xGPU RX5700 MineBox 12 mining rig and Innosilicon A10 ETH ASIC miner. My goal was to let the data speak about it self and then make a decision what is better investment for ethereum mining GPU or ASIC. Im compering 2 most efficient miners :

1. ASIC miner Innosilicon A10 , costs 3000usd(specs. 500mh/s at 860w)
2. GPU miner MineBox12 , cost 4487euro ( specs 700mh/s at 1800w)

Miner price is about the average would it cost to you 12xGPU mining rig might cost you 100-300 cheaper if you would build one yourself. Innosilicon A10 would cost you lot more if you would like to import it out of China. Price would be closer to 3500euro + you would need to buy power-supply for it.

I have created google spreadsheet and inserted the GPU data and performance by the current currencies price and mining profitability. Included also my thoughts about advantages and disadvantages using GPU or Asic miner:

Opinion based on mining profit data. We can see that MineBox 12 ROI if electric price is free or very cheap is faster then ASIC miner A10. And even at 0.10c a kw/h at current Ethereum price there is only 80day difference on Equipment payback time. But the biggest thing is for example when your miners are paid back your investment. You still are available to resell your MineBox 12 hardware for other use case or just mine different coins. Where with Innosilicon A10 you can throw it into bin as soon as ETHASH coins are not profitable to mine. This is the biggest downside of Asic miners. So to answer your question is ETH asic mining coin. My answer would be Yes ASIC miners are slightly more profitable , BUT they are not worth the risk you are getting by buying one. Also you can see clearly that GPU miners has lot more advantages then Asic miners. The difference on ETH miners are not so noticeable then like it was Bitcoin GPU vs ASIC mining. There is still profit to be made with GPUs mining ETH. If ETH switches to new POW ProgPOW , again another benefit for GPU rigs as the same GPUs are quite efficient mining ProgPow. Buying and Asic miner there is to much risk, saying from experience. Have lost a lot of money, my last adventure bought 5xAntminer S17 back in November and 4 of them hashing boards stopped working after 1st week. Not counting the previous purchases Antminer D3 etc..

Let me guys know what you think about this, would your rather use ASIC miner for mining ETH of GPU miner?