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Indeed. There are a number of "alt-coins" (blockchain-based cryptocurrencies other than bitcoin) designed to be "ASIC-resistant" e.g. by using the Lyra2REv2 al
by K0SM0S 9y ago
Indeed.
There are a number of "alt-coins" (blockchain-based cryptocurrencies other than bitcoin) designed to be "ASIC-resistant" e.g. by using the Lyra2REv2 algorithm.*
This is notably the case of Monero and Monacoin, two popular cryptos in Japan. Generally, the Japanese and Koreans are very enthusiastic about cryptocurrencies in general.
Cryptocurrency GPU-mining on Tesla cards would be outright unprofitable.
These facts may contribute to Nvidia's decision not to displease Japanese GPU miners specifically.
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* This is to avoid big ASIC farms as is the case of bitcoin (apparently, more than 70% of bitcoin's hash rate comes from China, most notably from a specific valley where electricity is dirt cheap). One purpose of ASIC-resistance is to maintain a high-enough degree of decentralization in mining, which increases security for the network/blockchain.
- le-mark 9y ago$20,000 btc can make mining on gpu's potentially profitable again, more so as the price goes up. If the price holds the 6 months or a year it takes to mine one is another matter entirely :)