An application-specific integrated circuit (ASIC) is a kind of integrated circuit that is specially built for a specific application or purpose. Compared to a programmable logic device or a standard logic integrated circuit, an ASIC can improve speed because it is specifically designed to do one thing – like mining a cryptocurrency – and it does this one thing well. The very high prices of ASICs make it unfair for the average small miner and are against the decentralized approach of cryptocurrencies, allowing only big mining farms to thrive.

Burst’s Proof of Capacity is based on Proof of Work, so from a theoretical point of view you could compute the Proofs in real time. However, it is not possible to require enough work to be done during a 4 minute time frame that even the most cost efficient ASIC cannot mine efficiently enough to make it cheaper to use than a hard drive. ASICs calculation speeds are rising, but so do HDD sizes.

CoinWarz cryptocurrency mining calculators. Select a cryptocurrency mining profit calculator and enter your mining rig's hash rate and the CoinWarz calculators will. CoinWarz Bitcoin mining calculator and Bitcoin profit calculator. Enter your mining rig's hash rate and the CoinWarz Bitcoin mining calculator and Bitcoin profit.

The Proof-of-Capacity protocol is so easy on the hardware and energy efficient it allows you to mine on virtually any device with free storage space. Burst is the first cryptocurrency allowing to mine efficiently with your Android phone, or any other device running on the Android operating system, without fearing overheating or damage of the equipment. What Is The Purpose Of Ethereum Classic ETC Mining. The possibilities are endless, and with SD cards capables of storing more and more data Android mining is set to become very relevant in the coming years. Thanks to the unique Proof-of-Capacity consensus algorithm, miners are paid in burstcoins to secure the network.

You can mine easily with something almost everybody already has in their possession: free disk space, as opposed to currencies traditionally mined by CPU, GPU or ASIC. Barriers to entry are very low. You just have to plug in your drive, plot it, and leave your computer mining and earning you coins periodically. The more space you allocate to mining, the higher the reward. Mining leads to extremely low power consumption (in fact, you won’t even notice it on your power bill) and doesn’t damage your drives.

You can still use them for storage or sell them if you decide to stop mining.

Why am I not mining per day what the calculator said I would? The calculator only provides you estimates according to the probability that you will win blocks with the capacity you entered.

This estimate is over an infinite amount of time. So, basically, if all things stay the same, your average daily Burst will continue to get closer and closer to the estimate the longer you mine.

However, all things don't stay the same, and the mining difficulty is constantly changing. Can My Computer Mine Komodo KMD here. This calculator is just to help you get an idea of what the mining returns could be, not what they will actually be. Where is the currency conversion data taken from? The BURST price and conversion to USD/EUR is taken from one of the exchanges, Poloniex.