Main Difference Between FPGA and ASIC Mining
During the last years, the bitcoin mining ecosystem has been experiencing important changes. At the beginning, it was possible to mine bitcoin with a CPU processor, but later, it was possible to do it with GPUs. After it, GPU mining was replaced by FPGA and ASIC miners.
What Is FPGA?
FPGA stands for Field-Programmable Gate Array. These devices were very popular among users that did not want to keep mining in the competitive landscape of GPU mining activities. Those devices have been designed in a way that users can configure their integrated circuits once the manufacturing process is completed.
Some time later, bitcoin miners started to upgrade their operations to FPGA. In this way, they were able to become more efficient and consume less energy. The FPGAs have a very similar functionality to ASIC miners. Those devices started to be sold in 2011 and 2012, and different companies and individuals were able to profit from them.
But later in time, ASIC hardware was able to outperform these devices, that were good, but not enough to compete with the most modern mining rigs.
The Arrival Of ASIC Miners
FPGA and ASIC hardware have many things in common. Indeed, both of them process very similar logic function-based operations and produce an important bitcoin mining power in a very efficient way.
ASIC hardware was much more powerful than the FPGA miners, in consequence, crypto enthusiasts and companies decided to move towards the latest ASIC miners. At the moment, there are just a few ASIC hardware manufacturers around the world, including BitFury Group and Bitmain Technologies Ltd. The Bitcoin mining industry is very competitive and just those with the proper teams are able to keep in the market. In the future, new hardware can appear and replace the latest ASIC miners that we see nowadays.
The Antminer E3, Batch 3 is one of the most powerful miners in the market and is has a price of $1876 dollars.