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No one has seriously mined Bitcoin using GPUs since like 2013. By 2014, everyone was using FPGAs or ASICs. Now, only ASICs are used.
by jnbiche 9y ago
No one has seriously mined Bitcoin using GPUs since like 2013. By 2014, everyone was using FPGAs or ASICs. Now, only ASICs are used.
- philipodonnell 9y agoI thought there was a change to the protocol that prevented ASICs from being as effective? Perhaps I misunderstood in the context of Bitcoin, but in the context of the investment in GPUs providing support to pricing, I think that is validated just from the news a few days ago that GPU pricing because of crypto demand was causing pricing issues in PC-gaming. And the same principle should apply to whatever "effort-based" mining technology is in use; any significant investment in hardware will be a disincentive to allowing improvements in the efficiency of said hardware.
- Karrot_Kream 9y agoA lot of altcoins have come up that are ASIC-resistant. A lot of these use memory as a bound, but GPUs sill have the memory bandwidth to make mining fast.
- philipodonnell 9y agoI must have mixed up some notes about ASIC-resistant altcoins with some older info about Bitcoin, its quite difficult to keep track.
- dlubarov 9y agoBitcoin is still using (and probably will always use) SHA-256 as the proof of work problem, which ASICs are great for since it takes negligible memory.
- asdfqwerutoe 9y agoXMR/ETH use GPU