Crypto miners worldwide rely on ASIC miners to mine their preferred cryptocurrencies. With the increasing number of cryptocurrencies, numerous ASICs programmed for various cryptocurrencies are launched periodically to meet the evolving needs of crypto miners.

The ASIC miner market is expected to grow by USD 125.57 million with a CAGR of 6.74% from 2021 to 2026. So, as a crypto mining enthusiast, what can you expect from ASICs, and what is the future of ASIC mining? Let’s unravel it in this blog.

Cryptocurrency or digital currency is seemingly popular among investors worldwide for its decentralized nature. Backed up by blockchain technology and distributed ledgers, the distinct feature of cryptocurrency is that any centralized authority, such as banks or government, does not control it.

Cryptocurrencies are often seen as potential alternatives to fiat currencies, and people use them to diversify their portfolios. The global cryptocurrency market size is expected to grow from $910.3 million in 2021 to $1,902.5 million in 2028 at a CAGR (Compound Annual Growth Rate) of 11.1%

ASIC (Application-Specific Integrated Circuit) mining attracted many users to crypto mining because of its exceptional efficiency. Since ASICs are specifically designed for the particular cryptocurrency’s mining algorithm, they enable miners to mine their preferred cryptocurrencies successfully despite the network competition.

Conversely, ASIC mining has its challenges like significant upfront costs, risk of centralized mining power in the hands of large entities like corporations, restricted entry for newbies, etc. So, is it worth investing in ASIC mining in 2024? Let’s discover.

Cryptocurrencies are digital currencies that one can convert to fiat currency anytime. Hence, any cryptocurrency in the form of mining rewards is taxable as you can exchange them as fiat currencies.

Besides mining rewards, any income or profits you make from cryptocurrency are also taxable. However, crypto taxes work differently than regular fiat currencies. Hence, if you are into crypto mining or holding cryptocurrencies, you should be aware of its tax implications. This blog could be a good start.

Blockchain technology is a decentralized and distributed digital ledger for recording transactions across multiple computers rather than being governed by a single authority. It differs from traditional ledgers in how it stores and manages data. For instance, a blockchain is a chain of blocks linked to the previous block in chronological order, creating a chain of blocks. Hence, the name blockchain.

Let’s delve deeper into blockchain technology, its features, how it works and its applications in detail with his comprehensive blog.

Kaspa is unique and a step ahead of other traditional cryptocurrencies by solving the

Since Kaspa enables the fastest, most scalable, most secure, and

Merged mining is an innovative method of mining two or more cryptocurrencies simultaneously without compromising the mining performance. Thus, a miner can utilize computational power to mine multiple blockchains. However, all the involved cryptocurrencies must follow the same algorithm to perform merged mining.

Dogecoin is a cryptocurrency that was started as a meme and fun alternative to traditional cryptocurrencies like Bitcoin, Ethereum, etc. Developed by Billy Markus and Jackson Palmer, Dogecoin got its name from the Shiba Inu dog from the Doge meme as its logo and mascot. That gave instant popularity and a unique identity to Dogecoin.

Dogecoin functions on a decentralized network and follows the Proof-of-Work (PoW) algorithm like Bitcoin. Though it started as a meme, Dogecoin gained attention over the years and gained a dedicated community.

Let’s delve deeper into Dogecoin, its features, and how it works.

A hard fork is a software upgrade that has to be implemented by a blockchain. The enhancements that come with the hard fork’s new protocol are often incompatible with the existing blockchain protocol, resulting in two parts — one that follows the previous protocol and the other that follows the new one.

Forks are often initiated by crypto community members or developers who want advanced functionalities that the current network protocol failed to meet. At times, users leverage hard forks as a way to crowdsource for building new technology projects.

Kadena is a scalable Layer-1 on the Proof-of-Work (PoW) blockchain, designed to address the existing challenges of traditional blockchain networks — scalability, security, and decentralization.

Developed by Stuart Popejoy and William Martino, Kadena surpasses the limitations of conventional blockchain layers. Kadena’s mining algorithm, Chainweb, is a multi-braided, scalable blockchain technology that connects multiple chains, encouraging parallel processing and increased throughput. Additionally, Kadena’s native smart contract language, Pact, facilitates users to build secure blockchain applications.

Let’s explore the Kadena algorithm, its characteristics, use cases, and more in detail in this blog.