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Are ASIC Miners Worth It?




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An ASIC miner is a device that can mine Bitcoin or other cryptocurrencies, as well as generate new coins. They are the best way to make money from mining as they have a much higher hash rate than any desktop computer. This article will explore whether an ASIC miner is worth it for your needs.

Disclaimer: I am not an “Expert”. Please do your own research, come to your conclusions & make your own mistakes! Everything on this channel is for fun as a hobby and entertainment for you, the viewer. DreamRidiculous is for entertainment purposes only and is never intended to be financial investment advice. DreamRidiculous owns or has owned cryptocurrency and associated hardware. DreamRidiculous may receive donations or sponsorships in association with specific content creation. DreamRidiculous may receive compensation when affiliate/referral links are used. DreamRidiculous is never liable for any decisions you make.


Are ASIC Miners Worth It?

An ASIC miner is a device that can mine Bitcoin or other cryptocurrencies, as well as generate new coins. They are the best way to make money from mining as they have a much higher hash rate than any desktop computer. This article will explore whether an ASIC miner is worth it for your needs.

If you’re looking at getting into Bitcoin mining, you may be wondering if an ASIC miner is worth it. The answer to this question largely depends on your needs as a miner.

An ASIC miner will give you the best return on investment if you’re looking to mine Bitcoin or another cryptocurrency. They have a much higher hash rate than any desktop computer, meaning that you’ll be able to generate more coins in a shorter amount of time.

Asic Cryptocurrency Mining Hardware Farm

However, if you’re only looking to mine a few cryptocurrencies and don’t need the high hash rate that ASIC miners offer, then you may be better off using a desktop computer. They can still generate a decent amount of coins, and they are much cheaper as well.

So, are ASIC miners worth it? The answer depends on your needs as a miner. If you’re looking to make money from mining cryptocurrency, then an ASIC miner will be the best choice for you as they offer the highest hash rate and return on investment. However, if you only want to mine occasionally or as a hobby, then you may be better off with a desktop as they are cheaper and generate similar results.

ASIC vs GPU Profitability

Updated August 2021 – A year has passed since the original publication of this article. The entire content remains unchanged. In general, outdated chart data has been reorganized in accordance with the current data. When a user contacts me in an interview they often mention the use of ASIC hardware. It seems right for me because of its value for money. ASICS was built for one simple goal: mine crypto. The process is very fast. It is impossible to rival ASIC in such a way. Unlike GPUs, they have the ability to compute everything.

ASICs vs GPUs: Efficiency

ASICs are certainly better…per hash. What is the most accurate answer? The ASIC typically draws around 800 watts of power. And 800 Watts on the current ASIC use just the same energy as 800 Watts of an ASIC in a new ASIC.

The cost of upgrading the system to a more efficient ASIC has not diminished. And since most people purchase ASIC systems identical to yours, everyone ends up burning the same wattage for the same relative portion of the profits.

GPU Cryptocurrency mining

The only real winners are the companies that manufacture them. GPUs – In the most critical places – GPUs have unwaveringly higher efficiency.

ASIC vs GPU: Simple Use

There’s no question that ASIC’s work is simple to understand. Even with a little more exploration, no one is required for you to set up an ASIC. We need not forget to mention the Cardinal Rule in mining: profit is inversely proportional to the ease of mining activities. Mines compete.

When no barriers are present and success can be guaranteed – and everybody wins, nobody wins. Imagine for a moment a $10m competition and you only have to be present. All the winners split the prize. How will this happen?

ASIC vs GPU: Hash Power Comparison

ASICs are far more robust based on the speed at hashrate. Do we use Hash and Crypto? It’s a very crucial distinction.

ASICs are not printer presses for crypto whose speed determines how much crypto it can mint. This isn’t the way crypto works. The new currency created for the blocks is fixed. Bitcoin is 62.5 BTC every 10 minutes.

Your portion of this reward will not depend on your hashed speed but on your fraction of the entire network hash. You have all the same ASIC that all other people use.

The Bottom Line

Bitcoin mining is a method of collecting bitcoins for a verification process to validate a transaction on bitcoin. This is an attempt at solving math puzzles using brute force or computer power.

The mining industry was dominated by mining companies as early as Bitcoin. The Bitcoin industry has changed dramatically in recent years because of increased difficulty levels of the Bitcoin algorithm and the introduction of major institutional companies to the cryptocurrency mining ecosystem.

Cheap Electricity

Electricity costs vary among different countries based on their power usage levels. Some countries charge low prices to encourage economic growth.

The Russian mining sector pays half the cost of electricity you’ll use in your homes in the US. It is another thing in Germany. They have a high cost of electricity, as well as the United Kingdom.

Environmental Concerns

The environmental impact of Bitcoin mining has been questioned by many people because it uses large amounts of energy to solve math problems that create new bitcoins.

Bitcoin mining’s reliance on coal-fired power plants in China has drawn criticism from environmentalists who argue that this use of coal as a power source contributes to global warming.

ASIC vs GPU: Price Comparison

ASICs – ASICs are generally inexpensive, usually obtainable between $500-$1000. Cheap = lower barrier of entry = nobody wins but the people that are running it. Cardinals rules #1 strike again.

We shouldn’t overlook the Cardinals rules #3. ROI = Income. It’s a major difference between ASIC and GPU so I really want to focus on that. ASICs are just one-trick pony and can only mine certain coins. If the income from crypto reaches its maximum price, it should be stopped.

ASIC vs GPU: Flexibility

It’s just that it’s a purely logical question. They don’t have flexibility. There are ASICs that can mine many algorithms or multiple coins but the only things that can be done is the exact thing for which it was built.

GPUs are a major contender here. This is what makes it an excellent GPU choice for small or moderate miners. Remember Cardinal Rule #9 – never use the money you have.

Even though your 4GB GPU will be suitable for RVN, it is not necessary that you keep your mined RVN. It can easily transform RNRN into Bitcoin. Many of them are automatically available.

The components of Bitcoin Mining – Bitcoin Miners

Before 2013, the first bitcoin mining program was developed using personal computers. The introduction of ASIC chips based on specific applications has surpassed that for a personal device and has rendered mining Bitcoin ineffective and outdated.

Even though Bitcoin mining is theoretically possible with old hardware there’s no doubt about its lack of profitability.

Bitcoin Mining Profitable – Is Bitcoin Mining Still Profitable?

Bitcoin mining is an automated method that uses bitcoins and Ethereum as currency to earn bitcoins. These transactions provide protection for cryptocurrencies, and thereby reward mines with bitcoins.

Profitability down

The mining industry profited if the price of bitcoin exceeded mining costs. Recent developments in mining equipment and technology, and the creation of professional mining centers with huge computer power have shifted incentives and landscapes of mining.

Is Bitcoin Mining Actually Profitable Today?

It’s a difficult question to answer as the question is in two parts. How much electricity does it cost? How high are Bitcoins going?

A lot of people have made good money mining Bitcoin previously with GPUs and still do, yes. But as time goes on, as hash rates increase meaning more powerful equipment is required for profits to remain the same, miners will either cease or be forced offshore where they can run infrastructure without fear from governments suck as China taxing mining equipment for electricity consumption.

Remember when GPU profitability was low in December 2017-January 2018 and crypto mines were being ‘shut down’ due to lack of profitability? Many times a miner has a set ROI before running out of funds then tries their luck again with better ROI as they can afford to.

The answer is that you should check the electricity cost in your country as well as Bitcoin price trends and make a reasonable profit decision. If Bitcoin continues its upward trend it will continue to be profitable, if not then mining may need to wait until Bitcoin’s volatility reduces or another cryptocurrency becomes more widely available like Litecoin.

ASICs are just one-trick pony and can only mine certain coins. If the income from crypto reaches its maximum price, it should be stopped. Keep in mind that you have to manage local (in your country taxes, there is additional tools available to get some assistant like cointracking or others.

Bitcoin Block Reward

The miners receive 625 bitcoins. This number will be down 1.3125 bitcoins by 2020. All payments are credited to the mining employee with the greatest puzzles solved.

The process repeats about once every ten minutes with each miner in the network. The difficulty of the puzzle (Network Difficulty) varies each 2017 block to provide that a machine could answer the puzzle in just 10 minutes.

Network difficulty is a function of hash rates in the Bitcoin network.

Reliable Mining Pool

Almost all miners have to mine from mine pools. It is extremely difficult to find a single block with one of these machines if you want to pay for it.

A WhatsMiner ASIC mining machine of 68TH/s has 68TH/s and a Bitcoin block of 100. If the blocks were buried once a week they would need a 16-year wait for mining. Currently, the oldest pool is the F2 pool.

Why are Bitcoin Mining ASIC Prices Soaring?

Is there any reason Bitcoin mining ASICs are so high? The price of the ASIC, a computer software component for Bitcoin mining has increased in recent months.

Tell me the reason for it? Where is the destination? The increasing value of the bitcoin mining ASIC could be due to several different factors which are key parts of Bitcoin’s security systems.

The supply of bitcoin has increased dramatically with the number expected by the US mining sector to double in 2017.

Profitability Before and After ASIC

Back in 2009, older timers that mined Bitcoin on computers made several profit opportunities. First, the mining company already owned all its machinery, so the cost of the machine was virtually zero.

The user can adjust computer configurations for faster running and less stress. It was a period when professional Bitcoin mining sites had massive computing power.

In the beginning, miners were only able to compete in the competition on computer systems. It’s an equal game. However, electricity prices varied depending on geography and the location of mining operations.

What’s next for the ASIC market?

Although bitcoin prices are expected to rise as bitcoin values grow other factors are expected to influence market conditions. Alibaba has canceled the sale of the mining equipment it sells to Chinese consumers and has also canceled its sales of equipment and related accessories.

Alibaba plans to shut down the site in two parts starting on October 15, 2021 – “blockchain mining tools” and “blockchain mining tools”. In fact, the Luxor researcher has said that Bitmain is preparing to close some of its manufacturing facilities in China.

Efficient Hardware

Nowadays hardware can be purchased by many manufacturers. Prices vary between companies depending primarily on the power consumed by a machine vs the computational power it generates.

The more computer resources there are, the more Bitcoins you are mining. It reduces your monthly energy bill and saves money.

Mining investors should consider profitability as well as long-term longevity before investing in a machine or machinery investment.

What is Hashrate?

Git Hashrate measures computer power consumption. The harder you are to find a piece of a puzzle, the greater your mining power.

It’s a computer arm fight in which individuals or organizations having a huge computing capacity (hashrate) can mine bitcoins. The more computing power the machine has, the higher the reward they are going for.

Is It Worth It to Get A ASIC Miner?

The greater the potential return of the mining equipment, the more the profits will grow. … An ASIC mining device like Bitmain Antminer S19PRO could cost you between $8,000 and $10,000 or even more.

The profitability of ASIC miners depends on multiple factors such as the current market value of bitcoin, electricity rates, and pool fees.

Before making an investment in any mining equipment, it is important to do your own research and understand the risks involved. You need to answer the question: Are ASIC miner worth it? after your own research.

With Etherium still Proof of Work for some months, an alternative could be to start some small GPU mining with a mining rig that can be expanded.

What are (GPU) Mining Rigs?

Mining rigs are the hardware used to mine cryptocurrencies. There are a few different types of mining rigs, each with its own advantages and disadvantages.  The mining difficulty rate is increasing as more miners come online.

The mining difficulty rate is built to ensure that the average time taken to find a block remains at around ten minutes although it may vary depending on hashrate and network latency.  GPUs can be purchased as individual components or as one unit.

Loosing money concept – burning 50€

In the process of learning more about mining using bitcoin mining machines, ASIC miner for a different coin like SIAcoin, CPUs on Raptoreum or AVIAN NETWORK (AVN) always get your facts together with the help of a mining profitability calculator. You can be the one who is mining without losing money, or the one who is losing money, possibly all you invest.

Vulnerability of Blockchain technology

Are ASIC Miners Worth It in 2021?

Does cryptocurrency mining have the potential to grow into an attractive business opportunity for investors? I think it’s true in a short sentence.


ASIC seems like a scam or a bad idea at least. ASICs are not scams and are not even bad ideas. These are the only industrial equipment for big corporations in optimum conditions for profitability.

Do corporations use MegaWatt power in areas where cheap land and cheap labor are not available? Is ASIC the right tool? If not, then do it without waste of time. Mines for small and medium scale are part GPU.

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