As we all know, ASICs are designed for bitcoin mining only. They have a special chip that is dedicated to solving as many calculations as possible. So why are they usually the best choice if you buy the right machine. Knowing that ASIC is the best choice for mining Bitcoin is very important. Because this may be your first step in Bitcoin mining. The following is a discussion on the selection of ASIC mining machine.

In 2013, Chinese manufacturers developed the first ASIC mining machine, which is much more efficient than all its predecessors. Until today, ASIC mining machine has become the standard mining hardware for mining Bitcoin. The design of ASIC mining machine or ASIC mining machine has one purpose and one purpose, that is, mining virtual currency. Trying to compete with these more advanced miners, it is a huge taboo to use daily home computers or even high-end game computers to mine Bitcoin, because ASIC miners can perform more calculations per second (called hash rate), which brings unfairness to them. When mining Bitcoin, it is better than consumer computing hardware.

At present, GPU and CPU mining still exist, but they are only used to mine counterfeit coins such as Ethereum or Monroe coins. In order to make Bitcoin mining profitable, we determine that you need an ASIC (or mining equipment, but ASIC is the best choice). But you can't just buy an ASIC, so you need to be careful about this. Here are three main considerations:

1. Hash rate

The more hash values that ASIC can generate per second, the more bitcoins that can be mined. The hash rate is a calculation of how many times a given hardware can be executed per second. The higher the hash rate, the better the miners will be, but this is not the only factor to consider. But this is at the cost of electricity. If ASIC is not efficient, it may be counter intuitive, because you will pay high electricity bills.

2. Efficiency

The important thing is that your ASIC is energy efficient and can do enough hash rates to make it worthwhile. Although computing power is important, power consumption is equally important. ASIC miners may have a high hash rate, but if it does not match energy efficiency, it will be of little use, because the electricity you will spend on energy costs will erode potential profits.

3. Price

Buying ASIC is more difficult than most other technology equipment, because although high-end machines can mine a lot of bitcoin, they may consume a lot of power. The ultimate goal of ASIC is to execute as many hashes as possible while using as little power as possible.

Always understand any ASIC you want to purchase to ensure it meets modern standards. And remember that now greater investment can bring greater long-term profits, or in other words, you will hope to obtain a good rate of return on investment; Antminer S19 Pro is one of the most profitable ASIC at present. However, ASIC has many uncertainties, and some will even lose money. In addition, make sure they specialize in bitcoin and not another virtual currency.

ending

It is difficult to judge when Bitcoin will soar. Buy equipment to make money using the current value of virtual currency, just in case. Unless you're prepared to spend a lot of money on equipment that turns out to be profitable, you probably shouldn't quit. But even so, it is also a risk. Fortunately, Bitcoin has soared recently, which proves that its value is rising, but please remember that it can never be 100% guaranteed in a few years.