Which is better?
With the relatively low rates for cryptocurrency, now is the time to step in and get started mining. Anyone who Googles a bit finds two kinds of miners: the ASIC Miner and the GPU Miner. But which should you choose to mine coins profitably? In this article, Miners.nl explains to you: why you should currently choose the ASIC Miner for your profits.
CPU, GPU and ASIC
But first, let’s step back in time for a moment. To the early days of mining, when people were mining using the power of their normal processor (CPU). Not much later, people chose to start using the video card, the GPU. By bundling the power of video cards in one GPU mining rig, mining could be done much more effectively. Until 2013, when the first ASIC Miners reached the market. ASIC stands for application-specific integrated circuit.
Where the GPU mining rig is a collection of video cards, the ASIC Miner is a machine with a printed circuit board with chips on it and a large fan. This mining rig is often preprogrammed to mine one preselected cryptocoin. The ASIC Miner for Bitcoin, for example, solves the complex algorithms for that coin and receives Bitcoins as a reward. Are there are also ASIC Miners for other cryptocurrencies. Incidentally, most miners can mine multiple coins with the same algorithm. There are also mining rigs that support multiple algorithms and can thus mine multiple coins. But in general, the number of coins is more limited.
In addition, you often need to have an understanding of the hardware for GPU miners. An ASIC Miner, however, is much more user friendly: nearly plug-and-play. In other words: you turn it on and can get started earning.
More power consumption with GPU
One disadvantage of GPU miners is that not only do they need more power because they run on a PC that is switched on 24 hours a day, but also because it can just take much longer before you ultimately earn back your investment. In addition, the video cards are more vulnerable to disruption and thus need more maintenance. There are also a great many video cards needed today before your GPU mining rig is strong enough to handle the competition from other miners. The ASIC Miners are a better investment in that sense, because they are more powerful.
Better ROI ASIC Miner
Of course both kinds of miners have their advantages: GPU miners often retain their value thanks to the video cards inside, which you can easily sell via Marktplaats; they are less noisy, and you can reprogram them as needed for another coin. But with ASIC Miners, user-friendliness, lower power consumption and the profit come first. The ASIC Miner can namely produce more coins in a much shorter time: in short, a better Return on Investment (ROI). It goes without saying, that is what it is about for most people!
Advantages of an ASIC Miner
- Very efficient
- User friendly
- Reduced power costs
- Not sensitive to disruptions
- Relatively cheap
- Take up little space
Disadvantages of an ASIC Miner
- Separate space due to noise and heat
- Switch to a limited number of currencies
Advantages of GPU Mining rig
- Less noisy
- Can sell video cards separately
- Easily switch to another coin
Disadvantages of GPU Mining rig
- Significantly lower yields
- Sensitive to disruptions
- Higher power consumption
- PC needed
- Take up a lot of space
Get started mining now.
Do you want to start mining? The sooner you start, the sooner you reap the rewards! This is the right time to explore a miner. With the relatively low rates it is a good time to get started, so that you can reap the rewards later when the peak arrives. Then, most miners will become more expensive. Unsure exactly which miner suits you? Miners.nl is happy to help you make a choice! We offer 100 percent service, so that you can profit from mining coins with ASIC Miners, among other things.