What is cryptocurrency gpu mining

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With varying scales, electricity costs, and network difficulties, buying ASIC miners could be very profitable — or just very costly. In fact, a large number of ASIC mining operations must be executed at scale to be competitive — with warehouses that may be filled with hundreds or thousands of ASICs.

In addition, even the volatility of the cryptocurrency marke t itself can affect crypto mining profitability, as these mined coins can fluctuate substantially in price, thus affecting the profitability models of costly ASIC rigs and warehouses. In addition, most ASIC miners are specialized to only mine certain coins, or to only min certain algorithms used by a subset of cryptocurrencies.

Thus, even if a SHA miner could theoretically be used to mine coins that rely on other algorithms, it is usually most cost-effectively deployed in mining a a cryptocurrency that relies on the SHA algorithm — such as BTC of bitcoin cash BCH. This type of specificity is part of why some blockchain projects are still dominated by GPU miners.

Such structural decisions are fueled in part by a desire to democratize the playing field of the network in question. For this reason, some serious miners consider the FPGA setup the best of both mining worlds, because FPGAs can balance robust hashing power with the flexibility to not be locked into mining a specific coin or algorithm. One downside of FPGA mining is that the setup is generally not as user-friendly as some of the other crypto mining solutions; you may need to design the gate array and the software yourself.

Another option for mining is to cloud mine. Much like you can meet your data storage needs by purchasing cloud storage, you can purchase a cloud mining service or contract from a cloud mining provider. This allows you to mine cryptocurrencies indirectly without exposing yourself to as many of the sunk costs and maintenance requirements of specialized mining hardware. You can typically purchase cloud mining contracts that vary by duration anywhere from weeks to years and hash rate.

These services can be cost-competitive in many cases, as the cloud mining provider typically has numerous warehouses full of high-efficiency ASIC miners. It gives the cloud miner more flexibility, but generally requires extra setup and maintenance costs — or substantial technical knowledge for those who want to remotely configure the miners themselves. When demand is up, it may be hard to find available cloud mining options, as these contracts are sometimes sold out.

One thing to be vigilant about when trying to cloud mine is to choose a reputable provider. The early days of cloud mining saw a number of crypto scams known as exit scams , where customers paid for contracts in fraudulent companies that ran away with customer money without delivering on their contracts.

Despite the proliferation of Proof-of-Stake blockchain networks that eschew the mining process entirely, the demand for popular mineable coins and their associated miners only seems to be going up. It can even be hard to purchase the most popular ASIC miners as they have been constantly sold out, even on the secondary market.

The rising hash rates of Bitcoin and other popular PoW blockchain projects is just another sign of how sought-after crypto mining rigs have become. Whether you mine cryptocurrency, purchase it directly, or choose a combination of both — is typically a personal decision that is based on your own investment philosophy, time horizon, risk tolerance, technical knowledge, and a variety of other factors.

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A qualified professional should be consulted prior to making financial decisions. Please visit our Cryptopedia Site Policy to learn more. Cryptopedia Staff. Is this article helpful? Crypto Mining. Crypto Mining Rigs Come in Many Types, Shapes, Sizes The mining of cryptocurrencies refers to the utilization of computer hardware to furnish the computational processes of a blockchain network.

GPU Mining Takes Over As interest in blockchain and crypto has grown, so have the number of miners — and thus the competition for mining rewards. Following are curated list of Top cryptocurrencies to mine with GPU that is highly trusted and most profitable. The list contains some of the safest and easiest crypto to mine with popular features and website links. Rating 5. See all Provider Coupons. Bitcoin is open-source and one of the best cryptocurrencies to mine with GPU.

It uses peer to peer P2P technology that facilitates instant payments. This digital currency helps you make payments from your mobile easily. Mining Bitcoin enables you to make payments without revealing your identity.

It allows you to share cryptographic signatures to prevent other people from expending money. Ethereum is a digital currency that uses P2P to transfer your money or make payments. You can use it without disclosing your personal information. It enables the deployment of smart contracts and apps to build and run without any interference, fraud, and downtime from a third party.

ETH comes with its own programming language that runs on a blockchain. It is one of the best cryptocurrencies to mine with GPU that enables miners to build and run distributed applications. This crypto can be used with digital wallets to share and access your funds and Ethereum applications.

Monero is one of the best crypto to mine with GPU that offers private and censorship-resistant transactions. It allows fast and inexpensive payments anywhere in the world. This digital currency keeps the sender, receiver, and the amount of every transaction hidden. It is one of the easiest and most profitable coin to mine. Monero offers a ring signature feature, which complicates the sources of funds.

Therefore, it cannot be traced by the people involved in this altcoin transfer. This feature ensures that every Monero transaction between parties is shared with other contracts. It is one of the most profitable crypto to mine. Ravencoin is a digital P2P network that has implemented use case-specific blockchain. It is designed to efficiently handle the transfer of digital assets from one party to another. It is one of the best altcoins to mine with GPU. Ravencoin cryptocurrency is designed to make instant payments to anyone around the world.

It allows you to mine seamlessly with consumer-grade GPU hardware. Bitcoin Gold is an open source and decentralized digital currency that enables you to make payments without hassle. It enables you to mine with a simple computer without any hassle. Feathercoin is open source cryptocurrency that enables you to make payments securely without any hassle.

It offers a mobile wallet to send and receive FTC easily. This crypto has zero payment fees, so merchants do not need to pass network costs to their clients. Feathercoin can quickly settle and perform the transaction. Dogecoin is an open-source peer-to-peer digital currency and one of the best coin to mine with gpu that can be used for easy payments and purchases. This crypto helps you to mine effortlessly by completing mathematical equations and record transactions.

Litecoin is one of the oldest digital currencies that provide easy mining with lower hardware requirements. It is one of the best cryptocurrencies in terms of market capitalization. It is used as a payment method due to its low fees, quick confirmation times, and general ease of use.

It allows you to make trading transactions anywhere in the world with fewer efforts. Litecoin quickly confirms your transactions. This digital currency utilizes Blockchain technology that helps you to transfer funds between businesses or individuals.

GRiN is a simple and privacy-focused cryptocurrency that aims to serve as digital cash. The transactions of this currency are available to everyone without any restrictions or censorship. It is one of the easiest cryptocurrencies to mine. It keeps all your mining activity private among other peers.

This crypto can also hide transaction sums and addresses. Zcash is a digital currency that can be spent, sent, and received via mobile phone, digital wallet, and computer. It provides you fast and confidential payments for eCommerce websites. This crypto allows transactions to be verified without revealing the sender, receiver, or amount of the transactions. Zcash is one of the most secure privacy coins ever to enter the cryptocurrency sector.

Horizen is one of the best cryptocurrency to mine with secure blockchain ecosystem that enables developers and businesses to build a private blockchain. It provides ZEN cryptocurrency with full encryption to protect trading communications. This digital currency enables you to perform transactions anonymously with good privacy. Ethereum Classic is an open-source, blockchain-based distributed computing platform that executes smart contracts.

It enables you to manage ETC without the need for banks. Ethereum Classic enables you to mine old proof of work without any hassle. It is one of the most profitable and best coins to mine. Vertcoin is a digital currency that is created to make mining cryptocurrency accessible to everyone.

It uses a proof of work mechanism to issue new coins and secure trading transactions. The blockchain of Vertcoin is maintained by the people who are mining with modern graphics cards. It can be easily mined at home just by using a computer with decent hardware. Beam is a confidential cryptocurrency that enables you to perform trading transactions by maintaining privacy.

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These new hardwares do make GPU rigs more powerful, however many miners using GPU systems work in shared pools to use their joint processing power to make their cryptocurrency mining as effective as possible. These pools can mine blocks more quickly and therefore earn more of the currency in a shorter time.

In order to be effective, GPU rigs also need to use compatible mining softwares. Some of the most popular include:. By combining the GPU hardware with one of these softwares in a computer system, you can start to mine a range of different cryptocurrencies effectively. Doug Turner 11 months ago. What does GPU mining mean? Why did GPU mining start? What algorithms can you process with GPU? Other algorithms that are used in GPU mining include: Scrypt: which runs on password-based key functions and has a block generation time of around 2.

What does a GPU rig look like? Some of the most popular include: Claymore miner: designed to mine both Ethereum and Ethereum Elassic, it can mine other cryptocurrencies with similar algorithms without reducing the hash rate.

WildRig Multi miner: this supports more than 30 different algorithms and can be used on Linux and Windows systems. KawPoW miner: this can support any type of mining pool which makes this software one of the most popular on the market. What cryptos can you mine with GPU? Bitcoin: as mentioned above, GPU bitcoin mining is less profitable than it was in Plus, bitcoin mining is bad for a GPU that isn't specifically engineered to deal with the high levels of processing power required.

Grin: one of the easiest coins to mine via GPU, Grin is relatively new on the market and offers unlimited coins for miners. I would like to note that for mining use only high-grade discrete video accelerators, low-power laptop video cards and built-in GPU processor for this do not fit. Theoretically, in some of them, the process of mining can still be launched, but firstly, many software-miners do not support such video cards, and secondly their performance is very small and they usually have quite low energy efficiency.

Ultimately, you will pay more for electricity than you earn crypto-currencies. When assembling the minigaming rigs, an open design is usually used, in which powerful discrete video cards can cool well, in addition, in this case, the video cards are not installed directly on the motherboard, but are distributed over the open case using daisy chain or USB risers, special extensions for the PCI-E.

Of course, if you have a powerful gaming nocturnal, you can set it up for crypto currency, but from our point of view it's a very bad idea. Typically, these laptops are much more expensive than a desktop PC with similar characteristics and their cooling is not designed to work in a non-stop mode. Most likely you will ruin your "expensive gaming laptop" much faster than pay for it with the help of mining.

Indeed, there are special programs for mining crypto currency on smartphones. If you get it with your smartphone, you'll probably work out your battery life in a few months, because the phone will be constantly on charge. In addition, the phones do not have an active cooling system and when the processor is overheated, the smartphone processor will throttle and lower the frequencies, thereby lowering its low productivity.

And the most important thing is that mining with the use of central processing units CPUs is in principle unprofitable, since in doing so you will most likely not even be able to recoup electricity. Even mining on powerful modern processors now does not pay for electricity costs, let alone the low-power CPUs that are used in smartphones.

Based on the above, we can say that you will earn about USD for 3 months of mining on the phone, guaranteed to kill the battery and possibly burn the processor. Do you need this? Although there are exceptions. Perhaps at certain times and under certain conditions, it makes sense to extract coins on such algorithms using powerful and not the most expensive CPUs. There are more and more ASIC-miners for different algorithms, as a rule such ASIC-devices outperform the usual video cards by a few orders of magnitude, but here it's not so simple and there's no need to immediately run and buy ASIC.

First, ASIC-miners are generally not designed for accommodation in living quarters, they are very noisy, so for their installation requires a specially prepared room with converted wiring, conditioning or stretching. Secondly, fresh ASIC-miners, which can some time bring a good profit, are usually very expensive, and intermediaries who sell and deliver such devices from China, can often increase the price by times relative to the manufacturer's price.

In the third, such devices very quickly become obsolete and cease to make a profit, usually one should not expect that the ASIC-miner will be profitable for more than one year, manufacturers rivet and sell such devices in huge lots, which increases the complexity of crypto-currency networks that can be produced on ASIC to the skies and makes the process of mining with the same hasht and power consumption as before less profitable every day.

There are examples of ASIC-miners, the profitability of which has fallen tens of thousands of times in half a year!!! Fourthly, ASIC device, unlike video cards, is able to extract only one algorithm. When as if you have mining-rigs on video cards you can always change the algorithm or coin.

If suddenly there is an ASIC for the algorithm on which you are currently mining, you just quickly reset your equipment to another profitable algorithm and continue to quietly mine. In addition, many coins position themselves as ASIC-protected and when they go on sale ASICA under their production algorithm simply change their production algorithm, and people or companies that have purchased such ASIC devices can remain with nothing, and will have to switch to the production of small "shitcoins", which are based on the same production algorithm, but the trading volume and capitalization of which is minimal.

Mining of crypto currency on ASIC is more suitable for large companies with their data centers, and personnel who will monitor the mining process. Such companies should have a direct access to manufacturers of ASIC equipment in order to purchase devices in large batches at a fair price and with fast delivery, as in this area every day delaying delivery is a huge loss and devices that can seem super profitable in a few months can turn into a heap of scrap metal.

Such companies should have more finance, since ASIC devices are not cheap and they should have cheap electricity to be competitive in this market. As for ordinary users, then there is clearly a good choice is GPU-mining. Video cards are not so obsolete, they are more universal, there is always an opportunity to sell video cards in the secondary market, after they pay off. Mining on video cards is much more stable due to the fact that you have the opportunity to "jump" between algorithms and coins and often there are new algorithms and profitable coins.

It should be noted that mining on the GPU 2 years ago and mining now brings about the same amount of revenue. Of course, there are very lucrative moments, as in the beginning of , and those times when the payment for electricity takes half the revenue from extraction, as for example now. At the same time, the old video cards that came out 5 years ago produce less than consume electricity.

In the current reality, video cards will be a good choice:. If we talk about the amount of video memory, it is recommended to take video cards with 4GB or more video memory. Video cards with GB of video memory already now can not get one of the most popular and profitable at the moment coins Ethereum ETH. The fact is that the Dagger-Hashimoto algorithm used for Ethereum mining, works very intensively with video memory, and every few weeks the amount of video memory required for Ethereum production increases.

If only recently video cards with 3GB of memory could still produce Ether, now it is already impossible. Although there is still a certain way to get 3gb video card to get the airwaves, it will require using Linux and special options in the miner, but in any case even this method will become invalid in October So, the more video memory on board your video cards, the longer you can get Ethereum.

However, this is only worth doing if you have free electricity and you already have such video cards. You should not buy such video cards now, their energy efficiency by modern standards is very bad and already now they do not pay off electricity in the mining. However, if you have a "free rosette" or the profitability of mining with the growth rate of bitcoin and other crypto currency will increase, then it is a justified decision on such video cards.

Another drawback of older video cards is the fact that not all modern mining soft still support them. As a rule, such miners come out optimized only for modern video cards. The performance of such cards in mining is comparable to their game counterparts sometimes even lower , but they cost several times more.

For very newcomers, we would recommend stopping on NVIDIA graphics cards, since such video cards usually show their maximum performance out of the box. The owners of such graphics cards only need to slightly overclock the chip and memory frequencies in a program similar to MSI Afterburner and run the mining process. For maximum performance on AMD cards, sometimes changes in the memory timings and firmware BIOS of the video card are required, beginners do not always want to do such things, the more that this process can entail the problem of installing unmodified drivers and losing the warranty.

However, if you overclock and reflash the RX, then you can get from these video cards an excellent combination of price and performance in the production of Ethereum. In the end, the choice is always yours, or buy a modern NVIDIA graphics card and immediately begin to mine, or buy a video card from AMD, read the Internet on the appropriate guides, watch a video on Youtube, study the topic and get a slightly more profitable Ethereum video card.

Do not immediately overclock your video card to the maximum, start with a small overclocking, and gradually raise the frequency, conducting tests of speed and stability. Stop at the last stable values and reduce them a little. Also, if you do not have a "free outlet" it is recommended to make underworld, thereby reducing the consumption of your video cards in the mining and increasing the net profit, as well as reducing the temperatures of video cards.

However, if they already exist, you can certainly get on them. Above we already cited a list of popular video cards for the production of crypto currency in Just below you can see a table with approximate hashes the speed of mining of popular video cards in popular GPU production algorithms and their maximum power consumption as well as their approximate price in US dollars:. If you do not have the desire or the means to collect a mining rig, you can very well try mining on an ordinary home computer, using the video card that is installed in it.

By and large, there are no technical differences between mining on the home computer and the rig, the difference consists only in the number of GPU devices and the size of the profit. In fact, the mining rig is a regular PC assembled in an open case and with a large number of video cards installed in it. Let's remind once again, that you will not be able to extract on the integrated video card. However, it should be understood that performance on different algorithms will differ on the same card.

More "old" algorithms will be poorly suited for mining on the GPU and do not bring any profit. This is due to the appearance on the market of such devices as ASIC-miners. They are much more productive than video cards sometimes several orders of magnitude and greatly increase the complexity of the network, besides their price is very high and reaches several thousand and sometimes even tens of thousands of dollars and a certain ASIC device is strictly tied to a certain extraction algorithm.

The best choice will be the production of ASIC-protected coins. This list is far from complete and it is constantly changing. There are new algorithms and coins, the old algorithms and coins appear on sale ASIC-devices. Among the new coins there are both forks already existing, and completely new developments. Almost complete list of crypto-currencies with their technical characteristics and current rates and can be found on popular services CoinMarketCap and CryptoCompare. And if you are interested in the profitability of mining for these or those algorithms and coins, you can use such online calculators of profitability of mining, as Profit-mine , WhatToMine , ShitToMine - where you just need to enter your hashes for certain mining algorithms, or choose your equipment from the list and select one of the coins that is currently the most profitable for mining.

The selection of equipment for mining of crypto-currencies is a rather complex and extensive topic, below we have selected a list of articles from our site that describe in more detail the process of selecting hardware for mining. After we sorted out the equipment and assembled the mining rig, we should stop on the choice of the coin that we will mine.

If you are interested in earnings in real time, it is better to choose the most current coins at the moment and sell them immediately after they are lured. You can also sow the most popular coins and wait for the pump - that is, when their course grows seriously if it grows course , and then sell them - this is called mining for the future.

In addition, it is also possible to mine a coin that is profitable at the moment, and instead of taking out the enraged in the real, poke in the popular coins and keep them until they grow in value, and then sell them. Some also use a rather risky but technically possibly most profitable approach - they look for promising but little-known coins and mine them, while the complexity of their mining is rather low, if the coin still becomes popular and the complexity of its mining will greatly increase, you will already have a good supply of coins for sale at a high price.

When using the first method, that is, mining the most popular coin and then selling them immediately after receiving the current exchange rate, you can use the mining calculators, such as Profit-mine , WhatToMine , ShitToMine. If you want to use the latest method, then you need a lot of experience, follow a lot of forums and news resources, so as not to miss potentially promising coins. Again, this method is very risky, although in theory with a certain amount of luck it can provide the highest yield, but if you do not have enough experience in this field, it is very likely that you will be wasting for several months for nothing, because the coins you have chosen are so and not "shoot", even lower will fall in price or in the worst case they will stop trading on exchanges.

In fact, at the time of writing this material, we would recommend getting any coin on the algorithms Ethash Ethereum or CryptoNight Monero.

Agree, crypto news aeron opinion, you

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This is due to the appearance on the market of such devices as ASIC-miners. They are much more productive than video cards sometimes several orders of magnitude and greatly increase the complexity of the network, besides their price is very high and reaches several thousand and sometimes even tens of thousands of dollars and a certain ASIC device is strictly tied to a certain extraction algorithm. The best choice will be the production of ASIC-protected coins. This list is far from complete and it is constantly changing.

There are new algorithms and coins, the old algorithms and coins appear on sale ASIC-devices. Among the new coins there are both forks already existing, and completely new developments. Almost complete list of crypto-currencies with their technical characteristics and current rates and can be found on popular services CoinMarketCap and CryptoCompare.

And if you are interested in the profitability of mining for these or those algorithms and coins, you can use such online calculators of profitability of mining, as Profit-mine , WhatToMine , ShitToMine - where you just need to enter your hashes for certain mining algorithms, or choose your equipment from the list and select one of the coins that is currently the most profitable for mining.

The selection of equipment for mining of crypto-currencies is a rather complex and extensive topic, below we have selected a list of articles from our site that describe in more detail the process of selecting hardware for mining.

After we sorted out the equipment and assembled the mining rig, we should stop on the choice of the coin that we will mine. If you are interested in earnings in real time, it is better to choose the most current coins at the moment and sell them immediately after they are lured. You can also sow the most popular coins and wait for the pump - that is, when their course grows seriously if it grows course , and then sell them - this is called mining for the future.

In addition, it is also possible to mine a coin that is profitable at the moment, and instead of taking out the enraged in the real, poke in the popular coins and keep them until they grow in value, and then sell them. Some also use a rather risky but technically possibly most profitable approach - they look for promising but little-known coins and mine them, while the complexity of their mining is rather low, if the coin still becomes popular and the complexity of its mining will greatly increase, you will already have a good supply of coins for sale at a high price.

When using the first method, that is, mining the most popular coin and then selling them immediately after receiving the current exchange rate, you can use the mining calculators, such as Profit-mine , WhatToMine , ShitToMine. If you want to use the latest method, then you need a lot of experience, follow a lot of forums and news resources, so as not to miss potentially promising coins.

Again, this method is very risky, although in theory with a certain amount of luck it can provide the highest yield, but if you do not have enough experience in this field, it is very likely that you will be wasting for several months for nothing, because the coins you have chosen are so and not "shoot", even lower will fall in price or in the worst case they will stop trading on exchanges.

In fact, at the time of writing this material, we would recommend getting any coin on the algorithms Ethash Ethereum or CryptoNight Monero. The pools for mining have some differences. Some require registration, while others use your wallet address as an account. In the first case, the pool stores the coins you have earned until you reach the minimum payout threshold in your wallet, a good example of such a pool is suprnova.

It supports a lot of crypto currency, and to work with it you just need to register. The service is easy to set up and well suited for beginners. A similar system is offered by another popular pool, MinerGate. If you do not want to store the earned coins on the pool, then you can search the list of pools in the thread of the announcement of the coin you want on the forum BitcoinTalk.

The topic of the announcement can be found by entering into Google a request like "ann coin name". Help you choose the Mining Pool you can also use miningpoolstats. For beginners who do not want to mess with the choice of algorithms and coins, the service is ideal NiceHash , which allows you to sell your hasht to others, and can automatically switch between the most profitable at the moment algorithms and coins.

In this case, you only need to install their client program, which, unlike the main mass of miners, has a convenient graphical interface and runs the mining process. The program will test your equipment and select the optimal production algorithm for you. You will not need this point if you use a pool that requires registration and has a built-in purse, after you get the required number of coins, you can immediately bring them to the exchange and exchange them for Bitcoin, Ethereum or other popular crypto currency or withdraw in real money using exchangers.

If you want to receive payments to your wallet automatically, then a link to download the official purse can be found in the thread announcement line on the BitcoinTalk forum. The choice of the program for mining will depend on the manufacturer of your video cards and the chosen production algorithm.

Almost all developers of such software have official themes on BitcoinTalk, where you can find links for downloading programs-miners. Never swing the miners from unchecked sources and file sharing, so you risk taking the virus and staying without your crypto-savings.

Download miners only on links from official topics on the BitcoinTalk forum. In the official branch of the announcement of the miner, you can also get information about the supported algorithms, command line parameters for tuning the miners, the list of supported pools and coins, and also the hashreite issued by popular video cards. Most popular programs are free, sometimes there are paid versions of the miners with increased performance on some algorithm, but they quickly become obsolete and free public miners catch up with them in performance.

Some of the miners come with open source code, which ensures that they do not contain malicious code, and allows you to compile the source code for any version of Windows or Linux. Recently, miners have gained popularity with a closed source code and with a built-in commission of the developer from 0.

Excellent examples of such miners are:. In this case, the guarantee of the absence in the executable files of the virus code is the developer's fame and the official commission for the further development and improvement of the miner. Thus, these miners, a few minutes per hour, are extracted in favor of the developer, this does not hide from you.

Below you can see the list of materials on our site dedicated to various programs of miners. Note that some news is written a long time ago, so to get information about the latest version of this or that miner, simply click on the link in the article to the official thread of the miner announcement or the developer's repository on GitHub. Setting up the miner is to specify a pool for mining, your wallet or login with a password and other options.

You can also set the maximum temperature regime, the speed of the cooling system coolers and other similar parameters, which the beginner hardly needs to change. For this, a. After you run the. Before you will be a console window displaying the logs of what is happening. This log can then be found in the folder with the file being launched. In the console, you can monitor the hash, issued by your equipment and card temperatures, as well as the speed of the fans.

You will also be able to see errors if they exist. This happens when the miner is not set up correctly, the wrong software for the coin is selected, the pool is unavailable or the video cards are too overclocked. Many miners also have a tool for their remote management in the form of an API. When using registration pools, for example Suprnova. The remaining mining pools most often use the system when the funds are automatically credited to your wallet when you reach the minimum amount for payment.

Do you know about the amount on the balance sheet, and how much you earned, you can on the site of the pool, where you usually see detailed statistics of your mining. For this, you need to log in to your account or enter your wallet address. Calculate the current profitability of mining will help you online calculators, the links to which we have already cited above. The payback of video cards lies in the area from 1 year to infinity, depending on the cost of your electricity.

Earlier this year, on the contrary, GPU-mining had a record high yield. Such swings have occurred more than once and it is likely that in a month, and possibly in a year, mining again will be very profitable occupation. In fact, everything depends on the course of bitcoin and its forks, news and much more. Mining is not only a way to earn money, but also a very interesting hobby for many people. However, not everyone wants to engage in iron services, spend their time monitoring coins, courses, follow up on new versions of miners, where optimization has been improved for this or that algorithm.

Unfortunately, to be aware of this all, it takes quite a lot of time, but as is known in modern man time is the most important and valuable resource. We hope that this article, as well as our website as a whole, will help you understand the cryptology, as well as in the crypto industry in general and save a lot of your valuable time. Chat with crypto enthusiasts and miners in Telegram CryptoChat. The best exchanges to buy and exchange cryptocurrencies, tokens:.

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Finds the most profitable exchanges and saves commission for creating smart contracts by using a unique technology. To work, you need to install the Metamask wallet in your browser All cryptocurrencies, tokens, NFTs remain in your wallet through DeFi exchanges. There are no risks of losing investments due to the closure or hacking of a regular exchange. Share links. Which USB riser to choose for mining cryptocurrency What to choose for mining cryptocurrency: ASICs or video cards The current table with the hashrate of videocards for The current hashrate of video cards for Motherboards for assembling GPU mining rigs in Bitcoin mining in Now, they are alternative hardware that is being more widely used in cryptocurrency mining rigs to break down the blocks in the chain.

Processing blocks of approved transactions in cryptocurrency blockchains requires a high level of power consumption. To process the transactions and complete proof of work mining PoW at scale, cryptocurrency miners build specialist computers that use a combination of software, hardware and processors to solve complex mathematical problems and algorithms quickly. When cryptocurrencies were first introduced, the processing of the blockchain was done by computer CPUs.

However, as more people have begun crypto mining and the process has become more difficult, extra processors needed to be used to mine cryptocurrencies quickly and effectively. Application-specific integrated circuits ASICs are the other main type of processor that are used for cryptocurrency mining. Originally designed to process visual information, GPUs and graphics cards can be repurposed to compute mathematical operations in parallel and were part of the first rigs that upgraded from those using CPUs.

This gave the cryptocurrency inherent value and led to growing popularity in bitcoin mining. In addition to this, the code that enabled bitcoin GPU mining was released to the public in October This, the relatively affordable cost of GPUs and graphic cards and the power of a GPU rig set up led to the growth in this mining technique. Plus, setting up a rig with a GPU took very little technical knowledge or huge computer power.

In order to solve the mathematical problems that secure cryptocurrency transactions, GPU systems use a hashing algorithm. This algorithm maps data of any size to a hash of a fixed size to help the computer solve the problem. The most common hashing algorithm that is used in GPU mining is SHA which the computer takes to turn into an output, which is always a bit number.

Although traditional GPUs are powerful and were useful in the original crypto mining rigs, they were developed mainly to deal with visual processing rather than specific mining functions. These new hardwares do make GPU rigs more powerful, however many miners using GPU systems work in shared pools to use their joint processing power to make their cryptocurrency mining as effective as possible.

These pools can mine blocks more quickly and therefore earn more of the currency in a shorter time. In order to be effective, GPU rigs also need to use compatible mining softwares.