ASIC's are a one trick pony. They are easy to setup and GREAT for mining a lot of coins quickly for the algorithm they were designed for, but otherwise are useless for anything else and the resale value is terrible. Since they have a high upfront cost, you may want to sell the coins you mine so you can make back your initial investment before the difficulty skyrockets and they become obsolete by a newer, better model. If you get in early enough, you should be OK.
GPU rigs on the other hand are much more versatile by being able to mine many coins but also require more work and maintenance. The smaller up front cost, versatility and great resale value also lowers the amount of risk you are taking and the pressure to sell your earnings to make ROI.
ok guys thanks
what i typed is based on things i read on here, google, whattomine and other sites which compare profit between cryptocurrencies. I dont know a lot but I think I should go for the best profit currency taking into account the cost of power + hardware.
I have a question...if you go to whattomine and coinwarz.com and compare bitcoin cash there is a huge difference! Is one of the sites wrong??
On coinwarz bitcoin cash profit per month is $4.07 while on whattomine is $11.69 have you noticed? On which site should I rely?
Thanks
