KAITO is the core currency of Kaito AI’s InfoFi ecosystem, enabling transactions, governance, staking, and community engagement.

The S&P 500 fell 0.43% amid Walmart’s weak outlook, with investors eyeing PMI and home sales data next. Gold rose 0.23% to $2,939 on safe-haven demand but retreated from a $2,954 high. Traders await S&P Global Flash PMIs. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 0.02%, with Bitcoin and Ether rising by 2.46% and 0.69%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this 

Today’s top performer is BERA, which surged nearly 15.8% after The Graph integrated Berachain Mainnet on day one, enabling seamless onchain data access.

Berachain (BERA), founded in 2021, is a Layer 1 blockchain with Proof-of-Liquidity consensus, ensuring security and liquidity while maintaining full Ethereum compatibility. The Graph has 

 support for the newly launched Berachain mainnet from day one. Developers can now query Berachain data using Subgraph Studio, making it easier to organize and access onchain data. This integration enables the creation of fast and efficient frontends for Berachain-powered dapps.

Check Out the Latest Prices, Charts, and Data of 

 is the core currency of Kaito AI’s InfoFi ecosystem, enabling transactions, governance, staking, and community engagement. The total supply is allocated as follows: 56.67% to community and ecosystem initiatives (including ecosystem growth, creator incentives, and liquidity rewards), 25% to core contributors, 10% to the foundation, and 8.3% to early backers. Distribution is merit-based, using AI-driven assessments of engagement, governance participation, and long-term alignment with Kaito’s vision. Staking provides rewards and voting rights, ensuring active participation. A claim process for KAITO will be announced soon.

Yesterday, BTC Spot ETFs recorded a net outflow of $252.8M, including $33.5M from GBTC and $219.3M from non-GBTC funds.

. With $43 million in funding, this presents a valuable opportunity. To maximize your points, complete the "Generate at least one transaction on Sahara Testnet" task by sending a small amount of SAHARA via Metamask. This earns 20 points, a significant amount compared to other tasks. Ensure you take full advantage of this opportunity.

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KAITO Powers the InfoFi Ecosystem with Governance Staking and Community Rewards

Kaito is an AI-powered information indexer specifically designed to deliver actionable insights for cryptocurrency traders and investors. Find out more now!

Within a year of its launch, Kaito has already established itself as a key player in the web3 industry. Its innovative approach combines artificial intelligence with publicly available crypto conversation data, creating a tool that can present an up-to-date picture of the events affecting the cryptocurrency space at any given time.

 is an AI-powered search engine specifically designed for the cryptocurrency space. It’s a premium service with a monthly subscription of $1,099. The platform indexes thousands of 

 sources that aren’t accessible through traditional search engines, and gathers data from Twitter, Discord, governance forums, research papers, news articles, podcasts and even conference transcripts. 

Kaito uses advanced AI algorithms and natural language processing to better understand context and gauge sentiment about topics. Its use of AI and an internal algorithm allows Kaito to filter out the noise, presenting a more accurate picture of community sentiment. 

. Before moving to web3, Hu worked in the traditional finance space for over eight years, including the management of a $500 million equities portfolio at Citadel. His aim with Kaito is to democratize web3 information by giving users access to tools and insights they need to navigate this ever-changing industry. 

Kaito has quickly attracted significant investment from major 

 in the industry. The project has already raised $10.8 million across two funding rounds.

The seed round in August 2023 was led by Dragonfly Capital, with participation from Sequoia Capital China, Jane Street and others, as Kaito secured $5.3 million. This was followed by a Series A round in June 2023, led by Superscrypt and Spartan, raising an additional $5.5 million with a valuation of $87.5 million. Other notable investors include Mirana Ventures, Folius Ventures and Alpha Lab Capital. 

Kaito offers a range of features designed to provide users with comprehensive and actionable insights. They include the following:

: Kaito’s platform uses a custom-built large language model (LLM) in combination with real-time data gathered from various sources to provide users with actionable insights on developments in the web3 space. 

:As a web3-native company, Kaito can analyze and understand the nuances of 

 and concepts. This gives it an edge when compared to Web 2.0 search engines that struggle to understand this space. 

: Kaito tracks market sentiment at various levels, including general market sentiment, sector-specific sentiment and sentiment toward specific tokens and projects, providing investors and traders with an important metric in assessing a project’s value.

Kaito uses a custom LLM to enhance its data processing capabilities. The platform aggregates data continuously from various sources, including social media, forums and news websites. This data is then processed using Kaito’s natural language processing capability to identify relevant information, extract key insights and analyze market sentiment. 

In addition, its platform uses a reputation system to give weightage to different posts based on the reputation of each poster. It also employs sophisticated algorithms to filter out spam and bots that often try to shape public opinion on social media platforms, especially on X. 

In December 2024, Kaito AI introduced two new elements to its ecosystem: 

 collection. Yaps is a scoring system that measures user contribution and engagement within the web3 community. Users earn 

 by creating valuable content, engaging with others in the crypto space and participating in discussions on 

. Kaito uses four main attributes in allotting these points:

The system also automatically filters out spam posts, making sure only real posters and useful posts can earn Yap points. While Kaito hasn’t officially confirmed a token airdrop associated with Yaps, the program allows participants to accumulate points that might play a role in future rewards, or initiatives within the Kaito AI ecosystem.

Participation in the Yaps program is completely free. Users just need to log in with their Crypto Twitter accounts and Kaito will start tracking their Yaps scores automatically. 

Genesis NFTis a limited-edition collection of 1,500 

 launched by Kaito AI. Priced at 0.1 ETH each, these NFTs have been minted in three phases:

As of Dec 26, 2024, NFTs in the collection are tradable on OpenSea, with a floor price of approximately 3.69 ETH. 

Kaito is a new and innovative service in the web3 space. Its use of AI to cut through the noise and fragmentation presents a great opportunity for the entire ecosystem. Kaito’s 

 suggests that it’s likely to roll out new features and/or services in the future. While the high subscription fee may be an obstacle for large-scale adoption, Kaito is still likely to become an important tool in the hands of institutions and 

 Perpetual Contract with up to 75x leverage now!

Intermediate

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Kaito: AI-Powered Web3 Information Platform

Our weekly crypto derivatives analytics report delves into macro events, the current state of crypto and trading signals from spot trading volume, as well as futures, options and perpetual contracts.

With fewer macroeconomic releases in early 2025, the crypto market has experienced lower volatility and stagnant spot prices. This has led to decreased implied volatility in derivatives, a steepening term structure and stable open interest. 

However, ETH options still anticipate continued price volatility. Historically, such sideways movements have seen altcoins underperform, reflected in disappointing funding rates in the derivatives market.

Please check out the report’s highlights.

Without clear narratives or volatile spot price movements, open interest in perpetual swap contracts has remained flat over the past two weeks, with trade volumes also subdued in this low-volatility environment. Notably, SOL's perpetual positioning hasn’t significantly changed, even with its spot price 35% below its all-time high from late January.

On February 17, ETH’s spot price surged 6%, contrasting with the sideways movement of other crypto assets, but those gains were nearly reversed within 24 hours. This led to higher realized volatility in derivatives, and a flatter term structure as compared to BTC. Traders continue to assign a premium to short-dated ETH options, whose volatility has been higher than that of BTC for some time. Additionally, ETH option trade volumes have spiked, with calls reaching $0.25 billion on Feb 15, 2025.

Since reaching its all-time high in late January 2025, Solana's spot price has declined, leading to muted options markets with low activity in both calls and puts. Open interest is balanced between upside and downside, and is primarily focused on longer-dated positions, reflecting a lack of interest in short-term trades amidst disappointing spot market activity.

Advanced

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Bybit X Block Scholes Crypto Derivatives Analytics Report (Feb 19, 2025): Crypto Remains Silent as ETH Sees Volatility

Across Protocol (ACX) enables seamless, low-cost cross-chain transfers with intent-based transactions, enhancing DeFi accessibility and security.

Transferring crypto assets from one blockchain network to another is still cumbersome, costly and inconvenient for many users, particularly those without a deep technical understanding of the technology. Numerous 

 solutions have emerged to facilitate the process, but the costs and complexity of crypto transfers are still an issue limiting the adoption of cross-chain 

Across Protocol (ACX) is a blockchain project that aims to tackle this problem by offering highly efficient, low-cost and secure cross-chain transactions based on intent technology. 

Intents — transaction requests with prespecified conditions — have seen rapid adoption in the blockchain industry. Across Protocol has focused its service offerings on using this promising technology. Begun in 2021 as a solution to facilitate token transfers between 

 networks linked to the blockchain, the protocol has evolved through two major version upgrades into a modular cross-chain solution that DApp operators can easily integrate into their platforms.

The protocol’s latest iteration, Across V3, features a modular settlement layer that 

 (DeFi) platforms can leverage to offer their users seamless, intent-based cross-chain swaps and asset transfers, all without leaving the user app’s native interface.

 (ACX) is an intent-based, modular web3 solution that offers cross-chain crypto transfers and swaps.

 Using the protocol, DApp operators can integrate Across into their own solutions to let their end users conduct intent-based cross-chain operations.

Across is not a newcomer to the blockchain scene — the project was launched in late 2021 and might be considered one of the first, if not the first, decentralized protocols specializing in intent-based cross-chain transactions. The original protocol, now known as Across V1, was primarily limited to enabling direct asset transfers between Ethereum and Layer 2 chains connected to the world's largest 

In June 2022, the protocol underwent its first significant upgrade with the introduction of Across V2. This upgrade improved the overall efficiency of the platform and introduced new functions. The major difference between V1 and V2 was that the latter could facilitate further intent-based transactions after the transfer of assets from the origin chain to the destination network. In contrast, Across V1 was limited to simple asset bridging between chains.

However, the protocol's most significant upgrade arrived in the form of Across V3, announced in February 2024, which introduced asset swap functionality and architectural modularity, allowing Across to act as a pluggable solution for various DeFi applications. Across V3 also simplified the calculation of fees for cross-chain operations. With Across V3, DApps of various kinds — primarily in the DeFi niche — can easily integrate intent-based cross-chain asset transfers, swaps and liquidity solutions into their own platforms. The protocol provides a set of APIs for developers for such integration.

The best part is that users of these DApps don't need to leave the platforms' native interfaces to execute the cross-chain operations. All of the activities supported by Across Protocol are carried out via the client's DApp interface. This is in stark contrast to the typical cross-chain experience for many web3 users, as they need to use multiple interfaces — e.g., one provided by an asset bridging solution and another at the destination app they use — to carry out their desired crypto operations.

Transactions executed by the protocol are based on user intents. Intents are conditional requests from users to perform some action, e.g., a token swap from ETH to USDT, if specific requirements are met, e.g., the swap rate is no lower than a certain value of ETH. In reality, many intents are executable transactions in the form of 

. Intent-based transactions have recently become popular in the crypto industry, due to benefits such as the limit on swap rates, a no-slippage fee model and other conditions that perfectly fit users' intended outcomes.

User intents are passed to Across's decentralized network or relayers, also known as solvers or fillers, which look for the best on-chain sources to satisfy the requests. Relayers compete with each other to offer the best solution to the user's stated outcome. The relayer that provides the best outcome earns the right to execute the transaction. This competitive relayer landscape allows end users to access the best possible rates for their cross-chain transfers and swaps.

Across Protocol locks user funds allocated for a transaction in an escrow pool instead of immediately transferring them to the winning relayer's custody, providing enhanced security to users. Relayers are responsible for providing the necessary funds to carry out the transaction on their own without having access to the user funds in escrow. When a relayer successfully executes an intent, they’re repaid from the liquidity pool holding the escrowed assets. To optimize 

, repayments to relayers are bundled and transferred in batches.

At the architectural level, Across is a modular system with three main layers — intent, relayer and settlement.

The intent layer is the component that handles user intents and their deposits at the origin chain. Then, the relayer hosts the network of relayer nodes and handles functions related to their activity — provision of capital to execute user intents, competitive bidding and the execution of intents.

The settlement layer is where the finalization of the transaction flow occurs, with relayers repaid in bundles and transactions settled on the destination chain. Verification of transactions uses an optimistic oracle that’s provided by the 

, a protocol specializing in blockchain oracle services.

Across Bridge is a cross-chain token bridge designed for efficient, low-cost and secure asset transfers. It provides an easy-to-use interface for users to move tokens seamlessly between different decentralized networks. To start using the bridge, you’ll need to connect a supported wallet. As of early February 2025, the bridge supports four popular wallet types — 

, Coinbase Wallet, Phantom and the group of wallets compatible with the WalletConnect framework. Currently supported networks for transfers include the Ethereum mainnet, 

 (POL) and zkSync Era. Transfers from the origin chain to the destination chain typically take only a few seconds to confirm.

Across+ is a bridge abstraction solution that utilizes cross-chain hooks to bundle multiple actions into one user transaction. In plain terms, it simply means that you can bridge assets to a protocol or DApp on the destination chain and carry out further actions (such as contributing liquidity) with a single transaction. For end users, this helps abstract the fact that the assets used for a crypto operation have been initially moved in from a different network. The cross-chain hooks let end-users carry out these transactions with a single instruction/signature, although under the hood, multiple actions are performed at the smart contract level.

Across+ boasts an extensive cross-chain reach. It currently supports 17 networks, including Ethereum and a wide range of Ethereum-linked Layer 2 chains.

Earlier, we noted that Across Protocol moved to a modular design with the launch of its V3 in early 2024. This shift to modularity has created opportunities for DApps and external protocols to use the platform’s settlement layer as a pluggable standalone product to provide efficient settlement for intent-based cross-chain transactions. Using Across Settlement, DApps can extend their functionality into intent-based liquidity operations, swaps and transfers. Across Settlement supports the same 17 decentralized networks that can be utilized with Across+.

In November 2022, Across Protocol launched its native token, ACX. The token is primarily used for 

, and holders can vote on various proposals related to the protocol's rules, future direction, treasury spending and native token emission. ACX holders exercise their governance function through membership in the Across DAO.

Holders of the token represent one component of the protocol’s governance model. The other two key parties involved are the Across Council and Committees, made up of specific subject matter experts. While all ACX token holders are entitled to vote on proposals, only those who hold at least 50,000 ACX (around $16,000) can submit proposals considered for voting.

ACX is a supply-capped asset, with a total and maximum supply of 1 billion. The token’s allocation shares are as follows:

 as a Perpetual contract with USDT. Under the terms of the contract, you can trade ACX with up to 50x leverage. The contract is available to traders in Bybit’s derivatives products, such as 

As of Feb 20, 2025, the ACX token is trading at $0.3257, which is 80.7% lower than its ATH of $1.69 on Dec 6, 2024, and 846.3% higher than its ATL of $0.03441 on Jun 1, 2023.

Long-term price forecasts for ACX are mostly bullish.DigitalCoinPrice 

 an average rate of $1.17 in 2027 and $1.78 in 2030, whileCoinCodex 

 the token to trade at around $0.34 in 2027 and rise to $1.12 in 2030.

The inefficient and often costly process of moving assets from one chain to another continues to hamper the adoption of DApps among crypto users. By enabling cross-chain intent-based functionality, Across Protocol seeks to provide DApps and their end users with a truly single-chain experience, where crypto operations across different networks can be handled from the same user interface.

Moreover, some of the protocol's key features — intent-based transaction execution, the competitive nature of the relayers' work and the batching of relayer repayments — contribute to lowering the costs of transfers and other crypto operations. Furthermore, the escrow system that the protocol employs protects users from malicious relayers, contributing to a stronger security profile for its platform. 

Minimal costs and tight security while carrying out your cross-chain crypto operations from a single DApp interface — these features aren't easy to come by all in one solution! 

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Across (ACX): An Intents-Driven Solution for Cross-Chain Transfers

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Crypto

Thinking of mining cryptocurrency? Find out in this article what ASIC crypto mining is, how it works and the best ASIC miners you can consider purchasing.

 is more efficient, faster, and more profitable than ever before. That’s the world of ASIC miners! These specialized devices have revolutionized the cryptocurrency mining industry, offering incredible performance and efficiency. Let us take you on a journey to understand the ins and outs of ASIC miners, compare them to GPU mining, and help you choose the best hardware for your mining endeavors.

 miners, are specialized hardware designed exclusively for bitcoin mining. These specialized bitcoin mining computers have become a vital component of the cryptocurrency mining industry, enabling miners to solve complex mathematical problems more efficiently and profitably than ever before.

What attributes to their power and how do these asic machines operate?

The emergence of ASIC miners marks a significant milestone in the evolution of cryptocurrency mining. Initially, mining was done using central processing units (CPUs) in personal computers. However, as the mining process became more demanding, graphics processing units (GPUs) were introduced to meet the growing need for computational power, making them a popular choice for a graphics processing unit in the mining cryptocurrency world.

The industry witnessed a significant transformation with the introduction of the first ASIC miner in 2012. ASIC miners surpassed CPUs and GPUs in terms of efficiency and power, consuming less electricity and offering higher computing power. Since then, Bitmain has become the leading provider of ASIC Bitcoin mining activities through its Antminer ASIC product range.

ASIC miners are designed to optimize specific algorithms, allowing for faster and more efficient mining. For example, ASIC miners for Bitcoin mining are specifically designed to rapidly and effectively perform SHA-256 calculations. The mining process involves altering a few numbers on a hash to locate one that is lower than the target hash (the original hash).

Due to their specialized nature, ASIC miners can deliver more hashing power with lower energy consumption, making them the preferred choice for many miners. This heightened efficiency leads to more profits, allowing miners to increase their return on investment.

While ASIC miners are undeniably powerful, they are not the only option for cryptocurrency mining. GPU mining rigs, which utilize graphics processing units, offer an alternative mining solution. So, how do these two methods compare, and which one is right for you?

We will analyze the pros and cons of both.

ASIC miners are known for their efficiency and power. They offer higher hash rates and improved energy efficiency, resulting in a greater return on investment. In addition, ASIC miners are custom-built for mining cryptocurrencies, allowing them to achieve higher hash rates and computational power than other mining hardware, such as CPUs or GPUs.

However, ASIC mining machines are generally more expensive, louder, and consume more power compared to GPU machines. Additionally, at-home miners may need to adjust their electrical setup in their residence prior to connecting the ASIC miner, such as installing a 220v power outlet.

The initial cost of setting up a GPU mining rig may be more expensive than ASIC miners. However, GPUs are more energy-efficient.

The downside of GPU mining is that it is less productive for mining cryptocurrencies than ASIC miners. This means that although GPUs are more economical than the equipment needed for ASIC mining, they are slower and much less effective.

Having compared ASIC and GPU mining, we will now review some of the leading ASIC miner brands and models available in the market. These include 

, and Canaan Creative, each offering unique features and capabilities to cater to various mining needs.

Bitmain, founded in 2013, quickly established itself as one of the leading manufacturers of Bitcoin mining hardware, playing a crucial role in the development of the ASIC era by making ASICs accessible to a wider audience. Their Antminer series, including the popular 

, boasts a power supply of AC Input current, Amp(1-2), 20(1-3), hardware configuration, and network connection mode of RJ45 Ethernet 10/100M, enabling users to efficiently mine bitcoin.

These miners are renowned for their efficiency, competitive hashrate, and reliability in Bitcoin mining. Bitmain employs 7nm chip technology for their ASIC chips, frequently introducing new Antminer models like:

To cater to the ever-evolving needs of the mining community, it is essential to invest in high-quality mining equipment.

MicroBT, also known as ‘Bit Micro,’ is a Chinese company founded in 2016 by Yang Zuoxing. They specialize in the development of blockchain computing hardware and cryptocurrency mining machines and are known for their ASIC chip designing, device integration, and chip manufacturing capabilities. Their range of ASIC miners includes the 

MicroBT ASIC miners, such as the MicroBT Whatsminer M50S, are considered a competitive option in the market. They provide good performance and are often chosen by miners. However, it is advised to compare individual models and their features to determine which is the most suitable choice for your mining requirements.

Canaan Creative is another player in the ASIC mining market, offering their AvalonMiner series of ASIC miners, including the AvalonMiner 1246, AvalonMiner 1246 Pro, and AvalonMiner 1246 Pro+. These models possess varying specifications, including hashrates and power consumption levels.

Though they offer comparable hash rates and performance to other ASIC miners in the market, the Antminer S17 does have a slight edge in terms of power efficiency. It’s important to consider the specific needs of your mining operation and compare different models to make the best choice.

Factors to Consider When Choosing an ASIC Miner

Choosing an ASIC miner involves considering a variety of factors to meet your mining needs. We will address the significance of evaluating hash rate and efficiency, the need for algorithm compatibility, and analyzing price and return on investment.

Hash rate is a key factor in determining the profitability of an ASIC miner. A higher hash rate implies the miner is able to solve more complex mathematical problems and mine more blocks, thereby increasing the chances of earning rewards. To calculate the hash rate to power efficiency ratio in ASIC mining, divide the hash rate (measured in hashes per second) by the power consumption (measured in watts). This ratio indicates how many units of hash rate can be generated with 1 watt of power.

Power efficiency is another crucial factor to consider when choosing an ASIC miner. The more power-efficient the ASIC miner is, the lower the energy costs associated with mining, thereby increasing profitability. Evaluating both hash rate and power efficiency will help you make an informed decision when selecting an ASIC miner.

Algorithm compatibility is a key factor in determining the performance of an ASIC miner. ASIC miners are designed to mine specific cryptocurrencies that are compatible with their algorithm. If an ASIC miner is not compatible with the algorithm of a particular cryptocurrency, it will not be able to mine that cryptocurrency effectively. Consequently, it is essential to select an ASIC miner that is compatible with the algorithm of the cryptocurrency you plan to mine in order to maximize its performance.

To ensure your ASIC miner is compatible with your desired cryptocurrency, consult the miner’s specifications supplied by the manufacturer or vendor.

The price of an ASIC miner can vary depending on the model and features, ranging from a few hundred dollars to multiple thousands of dollars. To calculate the return on investment (ROI) of an ASIC miner, determine the number of days it takes for the income generated to equal the cost of the miner. This includes the time from release date to delivery and the number of days to achieve break-even.

When comparing the cost of ASIC miners to GPU mining rigs, it’s important to consider not only the initial investment but also the potential return on investment and future profitability. By carefully assessing the price and ROI of your chosen ASIC miner, you’ll be better equipped to make a sound decision and maximize your mining profits.

Setting Up and Maintaining Your ASIC Mining Rig

After selecting the ideal ASIC miner, the next step involves setting up and maintaining your mining rig. We will present advice on power supply and cooling methods, maintaining network connectivity, and putting security measures in place to safeguard your mining operation.

A stable power supply is essential for optimal ASIC miner performance. Some of the most effective power supply units for ASIC miners include:

Effective cooling solutions are also crucial for optimal ASIC miner performance. High temperatures can cause hardware to overheat, resulting in decreased efficiency and potential damage. Some of the most effective cooling solutions for ASIC miners include:

Ensuring network connectivity is vital for efficient and uninterrupted mining operations. Some key considerations for maintaining a stable connection include:

By following these guidelines, you can ensure a stable and efficient network connection for your mining operations.

Implementing security measures is also crucial to protect your mining operation. Establishing a secure network, implementing access control systems, and isolating the ASIC miners on a separate network can all help protect your mining operation from potential threats.

Participating in Mining Pools and Solo Mining

With a clearer comprehension of ASIC miners and the set-up and maintenance of your mining rig, you might be contemplating joining mining pools or embarking on solo mining. We will examine the advantages and disadvantages of both in this segment.

Joining a mining pool has several advantages, including increased odds of obtaining rewards and a more consistent income stream. Mining pools combine the resources and hash power of multiple miners, leading to a more efficient discovery process and faster rewards. However, joining a mining pool also involves profit-sharing and fees, reduced control over mining decisions, and potential centralization concerns.

It’s important to research and select a mining pool that best suits your preferences and objectives, as the distribution of rewards may differ depending on the pool’s rules and policies.

Solo mining, on the other hand, offers the potential for higher rewards and independence from pool fees. If you successfully mine a block, you would receive the entire block reward, including transaction fees. However, the likelihood of gaining a reward through solo mining is quite low, and the profitability can be affected by factors such as network difficulty, block rewards, and market demand.

Ultimately, the choice between joining a mining pool or solo mining depends on your personal preferences, available resources, and risk tolerance.

ASIC-Resistant Cryptocurrencies and Their Impact on ASIC Mining

With the rising dominance of ASIC mining, some cryptocurrencies have implemented ASIC-resistant algorithms in an effort to maintain the decentralization of their blockchains. Examples of ASIC-resistant cryptocurrencies include:

Despite the challenge posed by ASIC-resistant cryptocurrencies to the future of ASIC mining, the industry persists in evolving and adapting. Given the consistent demand for cryptocurrencies and the requirement for efficient mining solutions, ASIC miners will possibly continue to be an integral part of the cryptocurrency mining landscape.

ASIC miners have revolutionized the cryptocurrency mining industry, offering incredible performance and efficiency. By understanding the history and workings of ASIC miners, comparing them to GPU mining, and considering factors such as hash rate, algorithm compatibility, and price, you can make informed decisions when choosing the right mining hardware for your needs. Whether you opt for mining pools or solo mining, the future of ASIC mining remains bright, with continued innovation and opportunities for miners to reap the rewards of this fascinating and ever-evolving world.

ASIC miners can be very profitable, with the Antminer S19k Pro and S19 Pro+ Hydro generating a daily profit of up to $3.70, and Canaan's Avalon A1366 producing 130 TH/s with estimated daily earnings of up to $3.40.

An ASIC miner is a device specifically designed to mine digital currencies using integrated Application Specific Integrated Circuit (ASIC) technology. It is created for the sole purpose of mining and is typically tailored to a single currency.

The price of ASIC miners is mainly determined by their mining power and efficiency, as well as the global chip shortage. The higher the price of Bitcoin, the higher the price of miners. But the ongoing chip shortage also plays a major role in driving up ASIC prices.

 (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Dash (DASH) are commonly mined using ASIC mining machines. ASICs are specifically designed for mining these coins due to their optimization for specialized hardware.

ASIC miners are custom-built for a single hash algorithm, making them more efficient and powerful than CPU and GPU miners. Their hashrate output and energy efficiency are their main advantages, while GPUs use general-purpose components that can't achieve such electricity optimization. In conclusion, ASICs are better than GPUs if you want to mine one specific coin for maximum performance.

Ultimate Guide to ASIC Miners: How to Choose the Best Hardware for Bitcoin Mining

Grab Up to 5,000 USDT in Rewards

Grab Up to 5,000 USDT in Rewards