At present time, ASIC miner hardware and other types of machines and computing devices are being widely used, in order to obtain and mine cryptocurrencies like Bitcoin in most of the cases, as well as Litecoin and others in more peculiar scenarios. Since, the topic of digital coins and the possibility to obtain profit by mining them is a reality now and many people see this as an opportunity to make money.
Now, to carry out this specific purpose of mining cryptocurrencies we have to count on specific computing hardware, being the main tool to process and decode blocks on the chain to obtain reward in cryptos, as the base functioning of digital coins to operate in a secure way. Also, this type of mining options has to do greatly with performance and efficiency regarding direct cost.
What is an ASIC miner?
In detail, an ASIC miner is an application-specific integrated circuit type of hardware, which is designed to mine concrete cryptocurrencies through a specialized motherboard, circuits, CPUs and GPUs that carry out functions were programmed in first instance, in this case to mine digital coins with specialized work and by solving different algorithms and mathematical operations.
Having an application-specific approach thanks to specialized hardware and software, ASIC miners are optimal in their operation in comparison to other mining solutions available on the market, such as home GPU rigs that take advantage of the great computing power of these devices.
Since, ASIC miners include in their circuit boards with specialized CPUs and other hardware and software that optimize the mining process and dedicating all the power to such task, even being these computing devices the only ones compatible hardware to specific bifurcations respecting cryptocurrencies and their mining process.
How do ASIC miners work?
In order to carry out their specific function of mining cryptocurrencies, ASIC miners perform different types of operations and algorithms that are solved on every block of the blockchain or operations log database, encrypting such operations and transactions to guarantee security and privacy.
Such algorithms and mathematical operations have been needing more and more computing power to be successfully solved, due to the increase in the interest of mining cryptocurrency on behalf of users across the world, elevating the difficulty of every block or hash on the chain.
So, this is where ASIC miners come to the table as the specialized machines that are design for that mining purpose, with specific hardware fully compatible with bifurcations of cryptocurrencies like Bitcoin, Litecoin and others, making profitable the process where other devices would not be in any way, due to low hash rate or incompatible computer power ASIC miners are able to provide.
Efficiency of ASIC miners and different brands
ASIC miners for Bitcoin and other cryptocurrencies are efficient in terms of mining power delivered or hash rate compared to electricity taken, as well as general cost of the device and how long it takes to be paid off. This also depends directly on the exchange rate digital coins are having every day on the market.
There are different brands and providers of ASIC miners, such as ASICminer, Bitmain, BTCminer, Cointerra, among others.