Decide Currency before buying mining hardware?
Decide Currency before buying mining hardware? As different Crypto-Currencies have different underlying Algorithms (e.g. SHA256, Scrypt, CryptoNight, etc : Source ). 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? http://ift.tt/2AiOwia