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A Cryptonight miner is designed to mine cryptocurrencies that use the well-known Cryptonight algorithm. This algorithm functions with the Proof of Work(PoW) mining strategy. Cryptocurrencies like Monero and Bytecoin use this algorithm.
These currencies are designed to be private and secure, and Cryptonight helps achieve that. CryptoNight algorithm is built with specialized chips that are good at solving the puzzles required by the Cryptonight algorithm. They are made specifically for mining Cryptonight-based cryptocurrencies, which are fast and efficient. It uses AES encryption which secures the transactions efficiently.