Topic: Dedicated Miners vs. CPU/GPU Miners (Read 519 times)

Thank you very much! I am glad that my four weeks of pouring through data has yielded some decent results. I wanted to show respect for your folks' time by researching to the point where I couldn't get a specific answer to what I was looking for. I appreciate your reply and your help!

I actually was looking into solar power. I am in the south, and get strong sun. So far, though, it seems that I am not south ENOUGH to have a solar installer nearby. With solar, the panels would be earning their keep more than if I were only running my lights, etc. off of them. If I can make that happen, I will most likely try an ASIC miner. I hear that the 10nm chips are in the pipleline, and would look to becoming an early adopter (if I can be lucky enough to get an order through!).

I was looking at this year's upcoming Black Friday/Cyber Monday to assemble a new computer. I have built two previously. From your perspective, even if it were just "for fun," would it be worth putting together a smaller GPU rig with a maximum of four cards? I wouldn't even try for Bitcoin with it. So, it would be for altcoins only. Or, is the difficulty level so high now even with altcoins that I would never see enough to even partially pay back a rig with a hobbyist intention?

Thank you again for your help!

100% correct.
Only bit is that ASIC-based miners are not just 'faster' -- at least for BTC, they are several hundred times faster than even the biggest GPU rig could do and use far less power doing it..
And Kudos for researching a bit here before posting... A rare thing these days!

Hello! I have been following crypto for a month now. I am interested in mining. So, here is my understanding of the differences between dedicated miners and CPU/GPU miners. Could you please read through this and tell me if I am understanding this correctly? Thank you!:

Dedicated miners like Bitmain's Antminers are built to mine on a specific algorithm. So, the model you buy will mine just Bitcoin, just Litecoin, just DASH, etc. You get higher speed with the dedicated miner, but you are locked into that one algorithm with that one miner.

CPU/GPU Miners that you build yourself, or someone builds for you, can mine on any algorithm. Which algorithm is dependent on the mining software that is running. You don't get the speed you would with a dedicated miner. But, you get the flexibility to switch the coins you mine whenever you wish.

Am I understanding this correctly? Thank you, in advance, for your help! I appreciate it.