Why is GPU Suitable for Mining (What Can GPU Mine)

08/13/2023 05:03 • Daily Digest • 66 views

Why is GPU Suitable for Mining (What Can GPU Mine)

Why is GPU Suitable for Mining Editor’s Note: This article is from the FHBT18 community (ID: FHBT18), written by Peipei, authorized by Odaily Star Daily for reprint.

Hello everyone, I am Peipei. Recently, many exciting games have been released. But this doesn’t seem like a happy way to play. Actually, there are quite a lot of people mining, but honestly, I don’t particularly like using GPUs as mining machines. However, if one day you install a graphics card on your computer, it will definitely disappoint you because your hardware configuration hasn’t changed much. So don’t rush to buy this currency. After all, there are already many wallets and exchanges on the market that can use graphics cards, and this money may not be directly used for investment, but rather as a tool to help make money.

So the question is, why is GPU suitable for mining? We can see an interesting data point from the chart:

First of all, the gas price in the Ethereum network is much lower than other cryptocurrencies in the Bitcoin network. In other words, the current market price for GAS is a little over 3 cents, and the difference in transaction fees between ETH/BTC and gas fees is very large. Some additional fees need to be added for acceptance. In addition, due to the congestion and high computing power and power consumption of the Ethereum network, there is a strong demand for blockchain technology among ordinary people. Therefore, some miners may choose their own algorithms as the main reference resources for mining, such as Etherminer, Slush, etc. Of course, some people may choose to join their ASIC mining pools for mining. Of course, this is just a temporary estimate. In addition, recent market crashes have caused many people to pay attention to the possibilities of ETH2.0 and the future development direction. Personally, I think it is still worth paying attention to, especially for those players without professional backgrounds. The most important thing is to understand what Ethereum is, rather than just looking at its performance.

1. Mining Block Rewards

Generally, mining projects will provide specific rules, including mining time, difficulty level, etc.

2. Mining Revenue

The mining revenue mainly consists of three parts: mining income, interest from token production, and subsidies for mined blocks. Among them, the most popular currency is Tron, with its token being BNB, which currently has a market price of about $5, accounting for about 20% (Source: CoinMarketCap).

There is a data point here that explains the calculation method for mining revenue and computing power, which represents the value of a digital asset. Simply put, users can obtain the token they want through which channels. You can see the specific content below:

1. Mining Profit: The mining income of a mining machine is determined by the mining cost. For example, if you generate a new token for every 1 ETH mined, and in order to ensure a 100% mining success rate…

What Can GPU Mine

What can GPU mine? First, what is GPU? Second, how to find a valid address for transfer at the transaction block height of 560,000 in the Bitcoin network. Third, the mainstream mining method currently is using dapps on the Ethereum network to mine digital currencies and earn profits. Fourth, how to participate in transactions in the Bitcoin network and how to avoid attacks and fraud. Fifth, which projects can make oneself a miner?

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Why is GPU Suitable for Mining (What Can GPU Mine)

What Can GPU Mine

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