Can you mine Ethereum with ASIC?

ASICs used in mining incorporate microprocessors that are specifically made and suited for mining Bitcoin, Litecoin, Ethereum Classic, and other cryptocurrencies that use proof-of-work algorithms.

What ASIC miner can mine Ethereum?

The Bitmain Antminer E9 is the world's most powerful Ethereum mining ASIC. Bitmain has launched a new ASIC tailor-made for Ethereum. It can hit peak hash rates of 3GH/s, roughly equivalent to 32 GeForce RTX 3080 graphics cards.

Is it better to mine Ethereum with GPU or ASIC?

ASIC mining vs GPU mining comparison is incomplete without comparing their power consumption and efficiency. GPUs tend to consume more power than ASICs, but ASICs are more energy-efficient than GPUs. ASICs provide more hash rate for less energy consumed than GPUs.

Can you mine with ASIC?

Application-specific integrated circuit (ASIC) miners are computers that are designed specifically to mine cryptocurrency. Though any cryptocurrency that operates using proof of work can be mined using ASIC miners, they're generally used for Bitcoin mining.

Can you mine etc with eth ASIC?

The mining algorithm of ETC has been changed from Ethash to Etchash after the Thanos hard fork at block 11,700,000, which means Ethash ASICs and rented Ethash hashpower from NiceHash are not able to process the new algorithm and mine ETC.

This New Ethereum ASIC Miner EARNS $230 DAILY?!

Can 4gb cards mine ETH?

Although the dag size is 4 GB or even more as it continues to increase, the 4 GB cards can continue mining Ethereum as long as we follow a few specific steps. First, we have to use a Linux-based OS, that's because Windows requires a lot more VRAM from the GPU and that will limit our mining even more.

Is ETH classic ASIC resistant?

Ethereum (ETH): Ethereum is a popular example of an ASIC resistant blockchain. The reason Ethereum is ASIC resistant is because the network uses the Keccak-256 hashing algorithm, which rejects hashes from ASIC machines.

Can ASIC miners mine any crypto?

They are built specifically for mining. Each ASIC is tailored to mine a specific algorithm, so you will find them for a given algorithm. This means all ASICs meant for Bitcoin can mine all other cryptocurrencies that use algorithms similar to Bitcoin's.

Is ASIC mining profitable?

However, with preparation and the right resources, ASIC mining still remains the most profitable form of crypto-mining.

How much can an ASIC miner make?

In February 2022, one Bitcoin mining machine (commonly known as an ASIC), like the Whatsminer M20S, generates around $12 in Bitcoin revenue every day depending on the price of bitcoin.

How long do ASIC miners last?

The average lifespan of a well-kept, maintained machine can be around 3 to 5 years. Nevertheless, if you keep ASICs in harsh or poor conditions, they can deteriorate in as little as a few months. Contrarily, taking good care of an ASIC miner can prolong their lifespan for more than 5 years.

Can ASIC miners be used for anything else?

No—you can't use an ASIC miner for anything other than mining digital currencies. You also cannot mine more than one form of cryptocurrency with an individual piece of hardware. If you buy one specifically for Ethereum, you can only mine Ethereum.

Is used ASIC miner good?

In terms of used ASIC mining hardware, used graphics cards from mining rigs are not particularly bad picks. But they're still, you know… the hardware used. When you buy Antminer that is already been used, it is been a fantastic way to save money, but it also has its own collection of risks.

How long does it take to mine 1 Ethereum 2021?

Q #2) How long does it take to mine 1 Ethereum? Answer: It takes around 7.5 days to mine Ethereum as of September 13, 2021, at the hash rate or hashing power of 500 mh/s with an NVIDIA GTX 3090 that hashes at around 500MH/s.

Can Antminer s9 mine Ethereum?

You cannot use an Antminer for mining ether, they only work for Bitcoin.

How much does an Antminer make a day?

Given current levels of miner revenue potential (what we in the industry call hashprice), the Antminer S19XP would produce $53 a day per deployed unit.

What is the most powerful ASIC miner?

#1) Antminer S19 Pro

Best for industrial mining. The Antminer S19 Pro ASIC Bitcoin miner hardware is currently the best cryptocurrency mining hardware with which to mine Bitcoin and other SHA-256 cryptocurrencies. This is given the highest hash rate, efficiency, and power consumption.

How much does it cost to run an ASIC miner?

In summary, it currently costs between $7,000-$11,000 USD to mine a bitcoin. The lifetime cost of an ASIC miner to mine one bitcoin is on average $15,000-$19,000 USD.

Is ASIC miner value accurate?

Accuracy of materials

ASIC Miner Value does not warrant that any of the materials on its website are accurate, complete or current. ASIC Miner Value may make changes to the materials contained on its website at any time without notice. However ASIC Miner Value does not make any commitment to update the materials.

Is ASIC a GPU?

ASIC mining machines are hardware developed for chips specifically designed for one single purpose: cryptocurrency mining. Unlike GPUs, which are demanded by both gamers and miners, cryptocurrency mining ASICs are manufactured solely for mining.

How much does Antminer S19 make per day?

2.07 USD / Day

*Please note that values are only estimates based on past performance - real values can be lower or higher. Exchange rate of 1 BTC = 21343.31 USD was used.

Why is eth ASIC proof?

The reason why Ethereum is ASIC resistant is because the network utilizes the Keccak-256 hashing algorithm, which rejects hashes from ASIC machines. The algorithm is designed so that it only produces hashes for mining purposes and serves no other computing function.

Is litecoin ASIC resistant?

Litecoin was never ASIC resistant - see bitcoin.stackexchange.com/questions/36642/… Scrypt was designed to be (or at least claimed to be) GPU resistant. When it failed at that, it got rebranded as ASIC-resistant (but fails at that too).

How long does it take to mine 1 Ethereum Classic?

If you created a mining rig with a 100MH/s hash rate, for example, it would take an estimated 403 days to mine 1 ETH - or its equivalent - according to CoinWarz. Even a whopping 2000MH/s, or 2 GH/s, farm would take around 20 days to mine 1 ETH.