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What Is the Financial Incentive for a Miner to Use a non-ASIC-resistant Algorithm If Available?

If a non-ASIC-resistant algorithm is available, a miner has a massive financial incentive to use an ASIC because ASICs offer a vastly superior hash rate per watt compared to CPUs or GPUs. This efficiency translates directly to a lower operational cost and a higher profit margin, allowing the ASIC miner to outcompete all other miners on the network.

How Would the Adoption of a Different Hash Algorithm like SHA-3 Have Impacted the Development of ASIC Miners and the Mining Industry?
What Is the Difference between ASICs and GPUs in Mining?
How Does a Sudden Influx of New ASICs Affect the Time between Adjustments?
How Does the Efficiency of Mining Hardware (Joules per Terahash) Affect a Miner’s Profit Margin?