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Can ASIC miners mine Ethereum Why can’t ASIC miners mine Ethere

Date:2024-04-27 17:55:07 Channel:Wallet Read:
In the field of cryptocurrency mining, ASIC mining machines have always attracted much attention. People are curious about whether ASIC miners can mine Ethereum, and why ASIC miners cannot mine in certain cryptocurrency networks such as Ethereum and Zcash. Let’s dive into this issue and uncover the mystery of ASIC mining in Ethereum and Zcash.
Initially, let’s understand the characteristics of ASIC miners and their application in cryptocurrency mining. ASIC, or application specific integrated circuit, is an integrated circuit customized for specific purposes. Compared with general-purpose processors, ASIC mining machines have obvious advantages in mining efficiency and computing power. However, while ASIC miners have performed well in some cryptocurrency networks such as Bitcoin, they have encountered challenges from networks such as Ethereum and Zcash that use different mining algorithms.
Ethereum uses the Ethash algorithm, while Zcash uses the Equihash algorithm. Compared with Bitcoin's SHA-256 algorithm, these two algorithms pay more attention to memory consumption, which is one of the reasons why ASIC mining machines are difficult to mine in the Ethereum and Zcash networks. ASIC mining machines were originally designed for computationally intensive algorithms, while the Ethash and Equihash algorithms focus more on memory consumption, which prevents ASIC mining machines from taking advantage of these networks.
The Ethereum team took into account the threat of ASIC mining machines to decentralization when designing the network, and deliberately chose algorithms like Ethash to protect miners from the risk of ASIC mining machine monopoly. This ASIC-resistant design makes the Ethereum network more decentralized, protecting the interests of miners and the security of the network.
In contrast, Zcash adopts a more frequent algorithm replacement strategy, aiming to prevent ASIC mining machines from monopolizing mining for a long time. This strategy makes the Zcash network more ASIC-resistant, maintains fair competition among miners, and ensures the decentralization of the network.
Although ASIC miners are limited in the Ethereum and Zcash networks, this also provides more mining opportunities for GPU miners. GPU miners still play an important role in these networks, providing miners with the opportunity to participate in mining and promoting the development and security of the network.
In general, ASIC mining machines cannot mine in networks such as Ethereum and Zcash mainly because these networks adopt anti-ASIC algorithm designs, thus ensuring the decentralization of the network and the interests of miners. This also makes networks such as Ethereum and Zcash more secure and fair, and is conducive to the healthy development of the entire cryptocurrency ecosystem.
In the exploration of the cryptocurrency industry, technological changes and innovations have always been the driving force. The mystery of ASIC mining machines in Ethereum and Zcash has not only triggered people's thinking about mining algorithms and equipment, but also prompted more discussions on decentralization and fair competition. Let us look forward to the future development of the cryptocurrency field, explore more possibilities, and contribute to the future of the digital economy.

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Can ASIC miners mine Ethereum? ASIC is equivalent to turning the algorithm into hardware. The Bitcoin-specific ASIC mining machine can only perform SHA-256 calculations. If you want it to do anything else, it will not work at all. The algorithms of ETH/ZEC and BTC are different, so naturally they cannot be used in common.

ETH uses Ethash, which is a memory-dependent algorithm. So far, no ASIC mining machine has been released. Because the bottleneck is in RAM, computing power and bandwidth are directly related, so it is estimated that it will be difficult to create in the future. This type of algorithm is collectively called ASIC Resist algorithms.

Equihash used by ZEC is said to be ASIC resistant, but according to my observation, FPGA mining machines have already been built, so it is only a matter of time before ASIC mining machines appear.

I personally like ASIC resistance algorithms very much, which will give ordinary people more opportunities to participate and resist the trend of centralization. After all, there are many retail investors willing to buy good graphics cards, but far fewer retail investors are willing to buy ASIC mining machines. ASIC will naturally lead to the specialization of miners and mines, which will lead to greater centralization.

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