Should I mine ASIC or GPU?

This is a question I’ve been asked a few times and one we had to answer ourselves when we embarked on our own mining operation in 2017. It comes down to a combination of budget, what you want out of it, your balance of immediate return compared to long term gain and your exit strategy.

For us, we considered Bitmain’s Antminer (and ASIC miner) as a way to get Bitcoin directly. They’re hot, juicy and there have been nightmare stories about getting hold of them and getting ripped off, but they pack a punch, with the latest version, the S9 variants, producing up to 14Th/s and costing…

--

--

--

Cryptocurrency opinion, discussion and passion from ordinary people who use, trade, mine, write books or speak about all types of cryptocurrency on a daily basis.

Recommended from Medium

BTCBAM listed on CoinCodex

CoinRadr

How I Finally Understood Crypto (Thru Animal Farm)

Blockchain and the Promise of Smart Contracts for Creatives

worm’s-eye-view of white concrete building

Introducing Staking Program for $GF Token

Blockchains vs. DLTs

Why Most People Can’t See The Future & How The World Will Change

Midas Ecosystem Update — March 2020

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Jason Deane

Jason Deane

I blog on things I am passionate about: Bitcoin, writing, money, life’s crazy turns and being a dad. Lover of learning, family and cheese. (jasondeane@msn.com)

More from Medium

The 23 Worst Pieces of Advice Ever Received in the Bitcoin World Since Its Inception

The Media Doesn’t Know What’s Going on in the Craig Wright Bitcoin Trial

Bitcoin is Digital Energy (Part 2)

Confused about ‘Technical’ Taproot?