Can Monero be mined using ASICs or is it only possible with GPUs?

3 answers

• Nov 26, 2021 · 3 years ago
  Yes, Monero can be mined using ASICs. However, it is important to note that Monero has implemented a mining algorithm called RandomX, which is specifically designed to be resistant to ASIC mining. This algorithm aims to provide a fair and decentralized mining environment by favoring CPU and GPU miners over ASIC miners. While ASICs may still be able to mine Monero, their efficiency and profitability are significantly reduced compared to using GPUs. Therefore, it is generally recommended to mine Monero using GPUs for better performance and profitability.
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• Nov 26, 2021 · 3 years ago
  No, Monero cannot be mined using ASICs. The RandomX algorithm implemented by Monero is specifically designed to prevent ASIC mining and promote decentralization. This algorithm favors CPU and GPU miners, making it more accessible and fair for individual miners. By using GPUs, miners can achieve better performance and profitability compared to ASICs. Therefore, if you are considering mining Monero, it is recommended to use GPUs instead of ASICs.
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• Nov 26, 2021 · 3 years ago
  As an expert in the field, I can confirm that Monero can be mined using ASICs. However, it is important to consider the current mining algorithm, RandomX, which is designed to be ASIC-resistant. While ASICs may still be able to mine Monero, their efficiency and profitability are significantly lower compared to using GPUs. Therefore, it is generally more advantageous to mine Monero using GPUs for better performance and profitability. At BYDFi, we recommend our users to use GPUs for mining Monero to maximize their mining rewards.
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