Cryptocurrencies may be mined using 3 types of devices:
A CPU or a central processing unit refers to the electronic circuit board inside a PC that acts as per the dictates of a PC program by playing out the fundamental control, logical, arithmetic, input and output operation as indicated by the directions. The expression “central processing unit" is being used since the beginning of 1960s by the computer industry. Conventionally, the expression "CPU" is used to refer to a processor, or more precisely, its control unit and processing unit, differentiating these core components of a PC from the external components, for example, primary memory and the I/O circuitry.
A GPU or a graphics processing unit is a special electronic circuit intended to quickly control and change memory to hasten the formation of pictures in a frame buffer meant for output to a display gadget. A GPU is utilized as a part of embedded frameworks, cell phones, PCs, workstations, and gaming consoles. The present day GPU is extremely productive at controlling computer graphics and picture processing, and a graphics processor’s parallel structure makes it more proficient than CPUs for calculations wherein the processing of huge information is done in parallel. In a PC, a GPU can be available on a video card, or it may be installed on the motherboard or—in specific CPUs—on the CPU die.
ASIC or Application-Specific Integrated Circuit is a cohesive circuit modified for a specific purpose. For instance, a chip intended to keep running in a digital audio recorder or a highly efficient cryptocurrency miner is basically an ASIC. ASSPs or Application-specific standard products are halfway between an ASIC and an industry standard integrated circuit such as the 7400 or the 4000 series.
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