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What are Asic Miners?
Asic miners are built with the sole purpose of mining. In fact, ASIC stands for application-specific integrated circuit (ASIC).
Specific ASIC miners are more often built to mine a certain type of currency. For example a Bitcoin miner will only mine for Bitcoin, so it’s important to assess which specific mining hardware will best suit your overall financial ambitions.
Are ASIC miners profitable?
Yes! In the past, similar functions could be carried out on computers by inserting ASIC chips into your operating system. Nowadays however, having a dedicated rig to do the work for you reaps better results and more profitability due to the specificity of the hardware used.
What is the most profitable ASIC miner?
While there are plenty of ASIC miners that do the job, it’s important to assess your specific needs before investing in a miner.
The ANTMINER has been a popular option that has garnered plenty of attention in the last few years, as well as the Avalon miner, all of which are on sale at Mining Store. However, it’s important to speak to a specialist in order to gauge the right miner for your specific needs.
Can you build your own ASIC miner?
As mentioned previously, computers have been uniquely configured in the past to be used as simple rigs for crypto mining. If you have the expertise and time to learn how to build your own, this could be an option for you. However, we find that the vast majority of Cryptocurrency investors prefer the peace of mind that comes with investing in ASIC mining equipment that has already been created for the sole purpose of mining.
What should I mine for with an ASIC miner?
Depending on the type of currency you want to mine, your ASIC miner should be configured to help you do so. This will require buying the appropriate miner for your purposes. A great place to start is by assessing which cryptocurrency is proving to be the most profitable to invest in which will take a bit of research before making your purchase. However, if you’re not sure where to start, our crypto mining specialists at Mining Store have a wealth of knowledge to get you on your way to success with the right ASIC hardware in tow.