Brief History of Bitcoin Mining

We have mentioned that bitcoin mining has been constantly challenging since the first day. For this reason, the number of people all over the world who are going to go, is starting to put more and more processor power into this business. The system automatically adjusts the level of difficulty in order to slow down the expulsion of a large number of Bitcoins in a short time to the market and to maintain a speed of 1 block per 10 minutes .
What is CPU Mining? Processor (actually the central processing unit) about mining:
In the early days of Bitcoin, it is possible to mining with any computer (still possible, but not financially profitable because the cost is much higher than the revenue). Even Bitcoin-QT, which we can call the official Bitcoin client, was presented to the user clearly by the mininge.

What we mean by CPU mining is the CPU of the computer being used, that is, taking advantage of the power of the central processing unit of the computer to perform the mathematical operations mentioned above, and finally obtain Bitcoin.
But shortly afterwards, more and more people became acquainted with Bitcoin and became involved in the mining movement, which increased the level of difficulty by increasing the overall transaction speed of the network. But the end of the CPU mining cycle was not just about it. There is another factor that causes this ...
What is GPU Mining? About video card mining:
Graphics cards solve the mathematical problems that are required for the mining of bitcoins (and some other coins), and are more efficient than processors (CPUs). This is why graphics processing units (GPUs) must be more efficient in floating point calculations, and the processes required to extract bitcoins must use these calculations extensively.
To explain this, that is why the GPUs are more effective in the mining process than the CPUs; "If GPUs are strong and fast mine workers, CPUs are more qualified, white-collar workers. CPUs are perhaps more educated and knowledgeable, but GPUs for mining are much more effective. "

Anyway, in summary; After the widespread spread of the knowledge that GPUs, or graphics cards, work much faster and more efficiently in such processes, this is roughly equivalent to days when the efficiency of the CPU mining (due to the increased Bitcoin difficulty) has been diminishing. People have seen massive GPU mining rigs special computers for mining). GPU minerals have been experiencing golden days, with many of these graphics cards being connected to a computer and / or created with a pool of GPU power from many computers. We can say that this process lasted from late 2010 to early 2013 very profitably. At least for large quantities ...
Nowadays, Bitcoin mining is now the only level of difficulty that ASICs can achieve profitability ...
(I'm not talking about FPGA mining at this point, because we can say that it does not reach wide masses and that ASICs are putting checkers at checkers, but I can still add a short update to this part of the article in the coming days ...)
ASIC Mining - Application-specific integrated circuit mining:
If the ASIC miner nurse question is freaking out, we can get out of the mining worker example above and say something for an ASIC miner; From the day of its birth, only the mining of mining, or even just the mining of a special material (coin) has been cultivated, consider a specialized worker in this direction.

Application-specific integrated circuits (ASICs) can be thought of as processors (and, in addition, minimal equipment consisting of power supplies, casings, etc.) specially manufactured only for tasks that are expected to be fulfilled, they are both faster and more efficient than all processor types (especially in terms of heat and energy consumption).
ASIC devices specially designed for bitcoin mining have begun to meet users from the beginning of 2013 (from April to May), and Bitcoin mining has changed irreversibly. If the GPU mining is faster and more advantageous than CPU mining, we can say the same thing for the difference between ASIC and GPU. As a result, the GPU and CPU minerals have become useless and the cycle of ASIC devices has become overcurrent. (You can still use CPUs and / or GPU mining devices to simulate altcoin, but some are more profitable, others are less profitable ...).

The disadvantage of ASIC devices is that specific COINs can not be used for a job other than mining. For this reason, if an ASIC miner loses the level of profitability for a coin, then operating that device is not profit but returns only as an electricity cost