At first we could mine Bitcoin and Altcoins just using a CPU and GPU, but interest in mining is getting higher so we will have very tight competition. This requires more sophisticated hardware such as Asic Miner.
ASIC is an integrated circuit chip and only has one algorithm designed to mine certain cryptocurrencies, so if you have a Bitcoin ASIC it can only be used to mine Bitcoin.
Several Types of ASIC Miners
ASIC SHA256 For mining Btc, BSV, Bch, DGB
ASIC Scrypt for mining Ltc and Doge.
ASIC X11 for DASH mining.
Ethash ASIC for mining ETC.
ASIC is an integrated circuit chip and only has one algorithm designed to mine certain cryptocurrencies, so if you have a Bitcoin ASIC it can only be used to mine Bitcoin.
Several Types of ASIC Miners
ASIC SHA256 For mining Btc, BSV, Bch, DGB
ASIC Scrypt for mining Ltc and Doge.
ASIC X11 for DASH mining.
Ethash ASIC for mining ETC.
