What coins can you mine with ASIC?

Can Antminer mine other coins?

Antminer A9 as been optimized for mining Bitcoin. You will not be able to mine other coins from it. For that you will have to make changes into Antminer’s structure.

Can you mine monero with ASIC?

Monero mining is known for it’s ASIC resistance. This means it is more accessible and friendly to mining with CPU and GPU hardware, but it does not guarantee against individuals and companies configuring powerful ASICs and FPGAs to mine Monero as well.

Can ASIC miners be used for anything else?

In simple terms, any miner that is built to mine Bitcoin can mine anything that uses the encryption the Bitcoin uses. In other words, any SHA256-based miner like Antminer can mine SHA-based currencies such as Litecoin and Bitcoin.

Can I mine ethereum with ASIC?

In 2020, you can use a GPU or ASIC mining hardware to mine Ethereum. Back when Ethereum was launched in 2015, the mining hash rate difficulty was low, but this increased over time. As the mining requires a higher hash rate, you need to purchase a better GPU or ASICs mining rig, which may cost you over $2000.

IT IS INTERESTING:  Quick Answer: How does Blockchain improve efficiency?

What is the easiest coin to mine?

Most Profitable And Easy Coins To Mine 2021 – Top Altcoin Mining Picks

  • Ravencoin.
  • Grin.
  • ZENCash.
  • Metaverse (ETP)
  • QuarkChain (QKC)
  • Bitcoin Gold (BTG)
  • Monero.
  • Dogecoin.

What is the best coin to mine?

Top cryptocurrencies to mine:

  • Grin (GRIN)
  • ZEC (ZCash)
  • RavenCoin (RVN)
  • Monero (XMR)
  • Ethereum Classic (ETC)

24 мар. 2021 г.

How much monero can I mine in a day?


Monero has an average block time of 2 minutes, meaning that there are approximately 720 blocks per day.

How long does it take to mine 1 monero 2020?

These new coins will be used to reward the miner’s and keep them incentivized for mining. Do you know how long it takes to mine one Monero coin? A Monero block is mined every 2 minutes, and we know that the current reward for mining transaction block is 4.99 XMR.

Is mining monero profitable 2020?

Yes, mining Monero coin is profitable and there is a possibility to remain profitable in 2020.

How long do ASIC miners last?

Or you can consider it obsolete from now on…But the newest and most efficient Asic miner is Antminer s17 53 and it gives you life span of 2.5 years more or less. Generally this is true for all ASIC miners while you are going to calculate their life time in your business plan.

How much do ASIC miners cost?

The S19 is the latest and greatest Bitcoin ASIC miner from Bitmain. It comes in three models: the Antminer T19, Antminer S19, and Antminer S19 Pro. The T19 puts out 84 TH/s, the S19 95 TH/s, while the S19 Pro boasts up to 110 TH/s of hashing power. Prices start at $2,118 for the T19 and run to $3,769 for the S19 Pro.

IT IS INTERESTING:  Frequent question: Is Blockchain technology the new Internet?

Is ASIC miner worth buying?

Generally Its a good idea to buy the very first batch of a new asic or to get one used for really cheap that is still profitable. … Most ASICS made are no longer profitable as the few dollars per day they cost in electricity exceeds what crypto they mine in value.

How long will it take to mine 1 ethereum?

As of Sunday, April 04, 2021, it would take 76.7 days to mine 1 Ethereum at the current Ethereum difficulty level along with the mining hashrate and block reward; a Ethereum mining hashrate of 500.00 MH/s consuming 950.00 watts of power at $0.10 per kWh, and a block reward of 2 ETH.

Does ethereum 2.0 kill mining?

In short, Ethereum 2.0 upgrade is not going to affect or kill the profitability of mining.

How many ethereum are left?

As of the end of 2017, there were about 96 Million Ether in circulation and 5 New Ether are created with each block, meaning 5 Ether are created about every 14-15 seconds. There is no cap to the Ethereum Blockchain.

The Reformed Broker