Questions tagged [asic]

"Application-Specific Integrated Circuit" - An integrated circuit (chip) specifically designed for one task only. Similar to FPGAs, ASICs may be the low-power-consumption future of Bitcoin mining. As with FPGAs they are very power efficient but carry a comparatively higher up-front cost.

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55
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2answers
68k views

In the ASIC-age, is it worth starting mining Bitcoin at home?

I have recently learned about Bitcoin and would like to get rich quickly into mining. I have control of a laptop library full of ancient computers powerful gaming PC cluster of GPUs an old ASIC, I ...
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5answers
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Bitcoin Mining ASICs used for cryptographic application? Rainbow tables?

What is the potential that the ASICs being developed for mining could be used for other cryptographic applications such as building rainbow tables? I know that for instance those that crack GSM with ...
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3answers
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What does “ASIC” mean?

I stumbled on the terms "ASIC" and " ASIC Miner", what do they mean? Is this something related to special hardware?
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4answers
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Why are companies selling mining hardware instead of using it themselves?

I'm not (yet) using Bitcoin, and I'm just approaching this world as of now. I stumbled upon some merchants that sell mining hardware (with some GH/s). But I've yet to understand what they gain, apart ...
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2answers
14k views

What's the difference between an ASIC and an FPGA? Which is better for mining?

I'm a software guy with only the most basic of hardware training/knowledge so while I understand the basic concepts of ASICs and FPGAs the details are beyond me. What are the primary differences and, ...
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Can ASIC or FPGA boards be used to mine Litecoin?

I know that Litecoin was designed to be mined with a CPU but then someone figured out how to mine it with a GPU. Has anyone figure out how to mine Litecoin with an ASIC or FPGA boards, and if not is ...
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2answers
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How does AsicBoost work?

The AsicBoost paper by Timo Hanke and Sergio Demian Lerner describes a way of increasing ASIC performance by 20%. It's a bit sparse on the details, though. What are they optimizing?
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6answers
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Do these new ASIC miners really pay for themselves in 5 days?

The Bitforce 50GH/s miner costs $2,500 today, and according to the following calculation it would mine enough coins in about 5 days to pay for itself. I am sure I am missing something here. Why would ...
4
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3answers
49k views

5 GH/s Bitcoin Miner from Butterfly Labs can mine Litecoin?

I was wondering buy this ASIC miner of 5GH/s to mine Litecoin. I want know, can I mine Litecoin with this powerful tool? If not, there any ASIC miner's that can mine Litecoin?
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6answers
9k views

Using ASIC for password cracking - mad concept?

All ASIC for Bitcoin do a double SHA256 hash on an arbitrary string. But maybe they might be used for pen testing :-) Lets assume we have single SHA256 hash we want to crack. We also have an ASIC ...
7
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1answer
978 views

When did the ASIC mining era begin?

I am trying to figure out when the ASIC mining era began. A Bitcoin magazine article from January 23rd 2013 announces the imminent arrival of the first batch of Avalon miners in early February. Is ...
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2answers
3k views

Which coins can butterfly-labs miners mine

Can I use a butterfly-labs miner to mine any crypto-currency?
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2answers
1k views

Reusability of ASIC miners

I'm looking into the re-use of ASIC miners to perform other mathematical tasks; for example, the sum of a prime and a random number producing a massive (arbitrarily long) integral value i.e. sum(...
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3answers
26k views

What are ASIC miners actually doing?

I'm trying to understand Bitcoin mining (software-wise), and I wonder how ASIC miners are different? I'm going through this minimal Bitcoin miner Github repository. Which part of Program.cs are ASICs ...
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6answers
1k views

Why do the creators of ASICs not just keep them for themselves?

If ASICs are able to mine BC so fast, why are the creators of these machines even selling them? If they just created them to mine with them themselves, they could get so many BC and in turn make BC ...
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2answers
890 views

What portion of the mining process does an ASIC perform?

If ASICs were described as a black box, what would their inputs be? Obviously, the actual hashing, the churning of the SHA-256 function is performed by the ASIC. Also, they must of course be able to ...
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2answers
9k views

Are there any attempts at creating ASIC for bitcoin mining?

I take reference to the Question here which compares ASIC with FPGA. In this question someone quotes a company called Largecoin that is said to be at the development of such an ASIC. However their web ...
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617 views

Could an algorithm be made ASIC-resistant by simply adding deterministic permutations depending on the hash of the previous block and the nonce?

I was thinking of permuting bits in a block before it is hashed, in order to require some adaptability from the mining hardware while retaining the security of SHA-256. Permutations would depend on ...
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BFGminer can't find my NanoFury on Raspberry Pi

Related: BFGminer can't find my NanoFury! Posted on the RPi Exchange as well https://raspberrypi.stackexchange.com/questions/14753/bfgminer-cant-find-my-nanofury-on-raspberry-pi Forums: https:...
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2answers
2k views

Can a Qubit Miner ASIC device be created and what would its impact be on the mining community?

With mining gaining in popularity every day and the raw power of the ASIC devices increasing at a dramatic rate, I wonder what is the next big jump for miners. Qubits, or quantum bits, have already ...
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3answers
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What other purposes can I use my [obsolete] hashing hardware for?

It's pretty easy to reuse CPUs or Video cards that were previously used for Bitcoin hashing, but what can I do with FPGA hardware when the difficulty becomes too high for it to be worthwhile to mine? ...
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4answers
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When will FPGAs and ASICs 'replace' GPUs for mining?

Please explain in detail, or provide an an estimate, at least.
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What's a better investment? Buying an ASIC-based mining rig, or buying bitcoin itself?

Seems like some miners are saying they would have made more money by simply buying and holding Bitcoin, rather than mining it. Is that likely to be the case going forward? I know I'm asking for ...
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4answers
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Best way to obtain/earn bitcoins

I would like to know what bitcoin enthusiasts and experts would suggest me for earning or mining my first BTC. I own some BTC but the idea of mining is a lot more exciting. I read some articles but ...
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What is ASIC hardware good for besides mining?

Are there any other uses for ASIC hardware besides mining crypto? Also what are the consequences of the hashing power race?
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What parts of SHA-256 hashing an ASIC miner really does, and what remains a CPU job?

I know that ASIC does not perform transactions ledgering, it is a CPU job. I also know that SHA256 consists of two logical parts: a digest function, which reduces any big message, like ~1MB block, to ...
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2answers
929 views

Is it possible to confirm a specific transaction with your own miner?

I sent a Bitcoin transaction a few days ago and it still doesn't have any confirmations. I actually have a ASIC miner. Is it possible to confirm a specific transaction, in this case mine, with my ...
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1answer
756 views

How long for an ASIC cluster to generate most private keys

So if I understand correctly Bitcoin is based on private keys. These private keys can be generated programmaticaly at a rate of billions per hour (or per ms perhaps with a clever ASIC cluster). Once ...
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5answers
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BFGminer can't find my NanoFury!

I recently purchased a Nanofury ASIC unit. I tried running it on my Linux system, as I just let the computer sit and run. I couldn't get it to work on Linux, so I decided to give it a try on Windows = ...