are their dedicated ethereum miners?

Bitcoin Questions and AnswersCategory: General questionsare their dedicated ethereum miners?

Dustin Schmitt asked 1 year ago

Hi! im new to the whole crypto-currency thing and i was wondering if there was dedicated miners (im not sure if this is the correct term but im referring to things such as the Antimer s9) for currency’s other than bitcoin such as litecoin or ethereum or if those dedicated hardware miners could be programmed to mine those other currency’s


1 Answers
Steven Hay answered 1 year ago

Hi Dustin,
Dedicated mining hardware exists for quite a few coin algorithms. It’s known as an ASIC (Application Specific Integrated Circuit) miner. In this case, the specific application is hashing the algorithm used by the coin. There isn’t an ASIC for Ethereum’s algo but there is one for Bitcoin’s (SHA-256) and Litecoin (Scrypt) and Dash (X11) and perhaps a couple others.
Certain coins have tried to make their algo resistant to ASICs by making the main processing resource be RAM rather than calculations per second (RAM costs more or less the same for everyone and everyone has access to high-end RAM, but developing ASIC chips which can perform more of a certain type of calculations per second is what leads to the great asymmetry between ASIC and GPU / CPU mining power).

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