Why It Is Impossible to Mine Bitcoin Without an Asic Miner?

Krutika Adani

Higher Difficulty

Mining difficulty has greatly increased over the last few halvings, causing it nearly impossible for an ordinary device to predict the nonce values of a transaction.

Greater Efficiency

ASIC miners bring greater efficiency, which saves you a lot of money.

Increased Competition

Mining a block has always been a race that results in the fastest competitor to win. A lower device like a PC or laptop is hence not suitable for everyone who is using an ASIC.

Energy Consumption

To achieve the same goal, say mine a block, they need much less energy.

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