<p>As different Crypto-Currencies have different underlying Algorithms (e.g. SHA256, Scrypt, CryptoNight, etc : <a href="https://en.bitcoin.it/wiki/Comparison_of_cryptocurrencies" rel="nofollow noreferrer">Source</a>). Does this mean that if I am looking to buy cryptocurrency mining hardware, I need to decide the hardware after I decide which currency I am looking to mine? For example, a GPU setup may be good for Ethereum but for LiteCoin, I need some ASIC hardware?</p>

CC BY-SA 3.0
2017-12-13T15:16:50.280Z
Yes, decide coins first then the hardware. As for Ethereum, they will soon be switching over to Proof-Of-Stake(not mineable). As for LiteCoin, anything other than Antminer L3+ will be a waste of time and money. You can check with [mining calculator](https://www.cryptocompare.com/mining/calculator/) to determine if your intended setup is profitable.
Chak
CC BY-SA 3.0
2017-12-13T16:34:17.087Z
Predict how much the coins will be worth ten years later. Choose coins while keeping this in mind.
MCCCS
<mining-hardware>
Decide Currency before buying mining hardware?
Abhinav
# Decide Currency before buying mining hardware?

(Asked by: username_0 on 2017-12-13)

As different Crypto-Currencies have different underlying Algorithms (e.g. SHA256, Scrypt, CryptoNight, etc : [Source](https://en.bitcoin.it/wiki/Comparison_of_cryptocurrencies)). Does this mean that if I am looking to buy cryptocurrency mining hardware, I need to decide the hardware after I decide which currency I am looking to mine? For example, a GPU setup may be good for Ethereum but for LiteCoin, I need some ASIC hardware?

**Tags:** mining-hardware

> **Comments:**
> **username_1**: Yes, decide coins first then the hardware. As for Ethereum, they will soon be switching over to Proof-Of-Stake(not mineable). As for LiteCoin, anything other than Antminer L3+ will be a waste of time and money. You can check with [mining calculator](https://www.cryptocompare.com/mining/calculator/) to determine if your intended setup is profitable.  
> **username_2**: Predict how much the coins will be worth ten years later. Choose coins while keeping this in mind.  

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## 0 answers

