⛏️ [Analysis] The ASIC Mining Race and Where It is Going - Mohamed Fouda

Mining is not just a way to make money but an essential and fundamental piece of any cryptocurrency. Miners act as a central bank in crypto networks by printing new money to release into the economy. As investors like VCs start to look at mining as a new way to participate and invest in networks it is important to understand the current state of mining technology. Application specific integrated chip (ASIC) technology has become the standard for miners on SHA256 blockchains like Bitcoin ($BTC). Now hardware manufacturers are looking to new chains and hashing algorithms to increase their market share. At the same time the chips that power these machines are become more advanced, offering increased power and profitability for miners. Mohamed Fouda believes that the increased spread of ASICs, and competition between manufacturers will benefit the ecosystem by driving down prices and delivering more efficient miners to market faster.