In the dynamic industrial niche,
cryptocurrencies have been successful in finding and establishing themselves as
an unprecedented medium of transactions and payments. In the present time, this
sector of the economy has become the focal point of some of the biggest investments
from the world’s best brains and business houses as well as has been at the
forefront in the development of an ecosystem which is dedicated to bringing in
revolutionary innovations in the digital currency arena.
Anyone who has been into
cryptocurrencies and blockchain technology is well-aware of the word “mining.” Technically,
cryptocurrency mining refers to the process of verification of crypto transactions
and further addition of these verified transactions into the blockchain digital
ledger network. It is quite essential for a miner to have a computer system
with the best-specialized hardware if he/she aspires to gain an advantage over
other miners in the industry.
While entering in the field of
crypto mining, people often face confusion in choosing between GPU or Graphic
Processing Units mining and ASIC or Application-Specific Integrated Circuit mining.
It is critically important for a person to choose technology that is flexible and
adaptive as the crypto market space is highly dynamic in nature. Another major factor
which is needed to be considered is the energy consumption. The initial
investment incurred in a mining process setup is equally important as the
running costs which are incurred daily. With a motive to earn substantial
profits through ASIC mining or GPU mining, it is essential for having a high
This article will summarize the
various contrasting features, reasons, and advantages critical to the two
leading crypto mining mechanisms and will try to give you an insight into the
two pedagogies through a comparing window. Before considering the features, it
is essential to understand the basic concept of ASIC and GPU mining.