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Using GPUs to mine Bitcoin is a bad idea. That's why most serious Bitcoin miners would buy ASICs. But Ethereum is much more amenable to GPU-mining so I presume
by edshiro 8y ago
Using GPUs to mine Bitcoin is a bad idea. That's why most serious Bitcoin miners would buy ASICs.
But Ethereum is much more amenable to GPU-mining so I presume NVIDIA and AMD got a lot of love (and $$$$) from this mining community.
- doikor 8y agoNext month Bitmain is coming out with the Antminer E3 that mines all EtHash based cryptos so quite soon we will see how it will effect Ethereum. At a price point of $800 and about as powerful as 6 RX570s ($350 each) which are current best bang for buck on this it should sell very well at least.
- bitL 8y agoDoesn't Bitmain have ridiculous power consumption?
- bigmanwalter 8y agoThey use a lot of power but also have higher hash rates per watt than GPUs.
- davidgrenier 8y agoWhat constitute a good or bad idea has to be related with how much money you end up making. As it stands the variety of crypto currency and the fact that an ASIC's algorithm is set in stone makes it so it's possible to mine some crypto currencies on GPUs for a better profit with respect to the cost of electricity.
- davidgrenier 8y agoNot to mention, the ASIC I've seen was mounted with two delta-like fans and was about 3 times noisier than 6 TI cards. Also, power availability is always a limiting problem the true metric eventually becoming how much hardware can you run on the power you have access to and how much money will that net you per day/month.
- s73v3r_ 8y agoMost people will use Bitcoin as a stand in for any crypto currency.