What Can GPU Miners Mine Besides Ethereum?
Aside from mining Ethereum, what else can GPU miners mine? According to OKLink d
Aside from mining Ethereum, what else can GPU miners mine? According to OKLink data from Oklink Cloud Chain, the current Bitcoin hash rate is about 91.3 EH/s, which is more than 50% lower than the previous 80.8 TH/s. The mining difficulty of Ethereum is approximately 14T, and the mining difficulty of Litecoin is close to 15t. Besides mining Ethereum, what else can GPU miners mine? According to the official website announcement, they can also be used for other purposes such as gaming, data processing, and storage.
Using GPUs for Mining
Editor’s note: This article is from Odaily Planet Daily and is authorized to be reposted.
GPU mining is currently one of the hottest topics in the industry. However, in this emerging industry, GPUs have been adopted by more and more players.
Recently, some new issues have emerged in the cryptocurrency market, such as gamers no longer willing to use GPUs for mining. This is mainly due to the high price of GPUs (using NVIDIA as an example), but the price of GPUs has no support and many people have sold these devices to Bitmain, Bitfury, and Canaan.
With the gradual maturity of the cryptocurrency market and the increasing demand for various assets, more and more people have realized the value potential of digital currency mining. As a result, a new batch of GPU manufacturers has emerged, such as Asus and Microsoft’s partnership.
According to insiders, “They are now buying chips from AMD and Qualcomm.”
The CEO of the company, Michael Wu, said, “We are seeking to cooperate with a technology provider to help the startup develop and expand its business scale.” He added, “We will provide customers with a safer choice by selling them new chips.”
“If our customers want to invest in Bitcoin and other digital currencies, then I need to invest my own funds in the development of this technology.” The source said, “This is the first time GPUs have entered this field. Because we know that there is a large amount of hardware inventory worldwide, it will become more expensive.”
However, an anonymous industry insider has confirmed this statement. “When demand for GPUs increases, they can be used for mining,” the source told Bloomberg reporters.
However, in the past few weeks, some GPU manufacturers have been looking for solutions to allow users to decide how to handle their mining activities. This includes R3, a research institution under the US software giant Cisco Group, which focuses on the virtual reality industry. The company received a $5 million venture capital financing last year, valuing it at $1 billion. According to a report, R3’s latest quarterly revenue reached $100 million, higher than analysts’ expectations of $400 million.
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