What CPU has high mining power (CPU mining power ladder diagram)

08/13/2023 19:44 • Crypto & Markets • 62 views

What CPU has high mining power? According to an investigation by cryptocurrency mining company BitPro reported by Cointelegraph, most bitcoin miners mine using CPUs. The report states that 80% of people choose the “most energy-efficient” GPU to support their computing power. Both types have the most efficient algorithms – ASIC and GPU-C – to ensure stable mining power. Some people also believe that this method can reduce the cost and power consumption of ASIC mining machines, but there is no evidence to support this claim.

CPU mining power ladder diagram

Editor’s note: This article is from Caiyun Blockchain (ID: cybtc_com), authorized to be reprinted by Odaily Planet Daily.

Introduction:

The mining power of CPU is based on the proof-of-work mechanism, where the number of rewards obtained by running a calculation node on the Bitcoin network determines the ability of its unit hash value. This means that if there are enough hardware devices participating to ensure the efficiency of the entire system, GPU miners can purchase cheaper chips at a higher price.

When a computer wants to mine cryptocurrency, it needs to consider factors such as whether to add new ASICs, whether there are more memory pools, and other parameters and requirements. But in practice, these are relatively small configurations because most mining machines currently do not develop their own graphics card devices specifically for this purpose. Therefore, we draw the following conclusions through the distribution of CPU mining power and algorithm analysis: 1. From the data, although the current global mining power is above 1EB, many servers have used the latest CPU technology or other optimization solutions to increase mining power and reduce overall costs. Therefore, there have been many low-power CPU solutions in the current market, such as Nvidia using the THash algorithm; 2. According to statistics from May 7th to early June 2018, each machine globally can generate an average monthly income of about 300,000 RMB. According to the latest data, the global production of digital assets per quarter has been around 200 million US dollars since August 2017. Since the end of 2017, the price of Bitcoin has continued to rise, with large fluctuations from the end of 2017 to early 2019. After entering the sideways consolidation phase at the end of October 2018, it started to rise again in 2019. In mid-November 2019, the price of BTC fell below 4,000 USDT and then returned to above 5,000 US dollars.

Since 2017, it has been in a high-level oscillation period until the end of April this year when the price of Bitcoin gradually fell. In late September, it once again surpassed the $7,000 mark. The market sentiment of bearishness has gradually intensified. However, there has been some improvement in the recent market, and many investors believe that the Bitcoin halving event will lead to a substantial decrease in Bitcoin’s mining power, bringing downward pressure on the price.

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What CPU has high mining power (CPU mining power ladder diagram)

CPU mining power ladder diagram

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