The Five Most Popular ASIC Miners for Cryptocurrency – Yahoo Finance

The Five Most Popular ASIC Miners for Cryptocurrency – Yahoo Finance

Bitcoin mining is becoming one of the most lucrative and innovative sectors of the global economy. According to data, at the height of the current bull run in April 2021, cryptocurrency mining has generated $3 billion in revenue, which means that crypto miners earned $100,000,000 in profit every day on the average.

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Just 5 years ago, the average daily revenue of the crypto mining industry circulated at around $1 million. In a very short time, this number has increased by almost 10,000%, making cryptocurrency mining one of the most rapidly booming markets in the world. But as it became extremely profitable, it has also become very competitive, and choosing cutting-edge Bitcoin mining hardware is now more important than ever.

All Bitcoin mining is now done using ASICs – specialised Bitcoin mining hardware housed in thermally-controlled data centres with access to cheap power. ASICs are the next step in the development of crypto mining after CPUs, GPUs, and FPGAs: they are able to accomplish the same thing in a much more efficient and profitable way.

The days when anybody could successfully mine cryptocurrency at home on their PCs are long gone. Whether you’re mining Bitcoin, Litecoin, DASH, or a variety of other digital currencies, an ASIC miner is the most effective method to mine crypto.

Because of the