What graphics card is needed for mining (what graphics card is generally used for mining)?

08/16/2023 18:39 • Digital Disruptors • 60 views

What graphics card is needed for mining? Currently, there are many graphics cards on the market specifically designed for Bitcoin mining, mainly divided into two categories: one is the common hard disk driver used by ordinary users (such as laptops), and the other is represented by AMD RTX3080i. Both of these mainstream CPUs use NVIDIA M30S+ or higher versions, but the performance is not satisfactory. The second type of graphics card has its own characteristics in terms of memory and GPU, but for gaming consoles, it is easier to mine Ethereum and other public chains. However, these newly released graphics cards generally use high-power consumption memory for mining, so it consumes more electricity during mining.

What graphics card is generally used for mining?

Editor’s note: This article is from BlockBeats (ID:blockbeats) and authorized by Odaily Star Daily for reproduction.

The threshold for graphics card mining is relatively high because Ethereum is currently the most mainstream market for mining. In the bull market of 2017, graphics card prices were also very expensive. Now companies led by NVIDIA have launched many graphics card products, including dedicated integrated circuits for gaming, novel chips for mining cryptocurrencies, and specially designed software for digital collectibles.

However, by the end of 2018, with the price of Bitcoin falling to over $30,000, the price of Ether fell to a historic low. At that time, the trading value of Bitcoin was less than $1 billion, but today the price of Ether is close to the $20,000 mark, which has made many investors concerned about the use of graphics cards. They believe that the fact that “ordinary users should not use” is somewhat exaggerated, but many people do not think so. They say, “Generally speaking, you can use your graphics card for mining.” Therefore, if we choose a graphics card with a capacity of more than 1000G, it is very suitable for mining.

However, high-end graphics cards are still needed for mining, such as NVIDIA S17Pro and RTX3080Ti, which are good choices. But for most people, they may not know how to store private keys and data with these graphics cards, and how to use them as virtual goods.

According to the latest survey reported by “Wall Street Eye”, at least 400 million AMD cards were put into production globally in 2017, and by 2019 this number had reached more than 600 million. Although from a hardware perspective, this trend will not continue, due to various recent factors, more and more manufacturers are starting to accept new ASIC chipsets as alternatives to their products. According to statistics, about 80% of the surveyed companies stated that they will launch their own ASIC miners before the second half of this year. “Therefore, in the next few years, we may see the addition of more mining machines, and our chip level will be further improved.” In addition, there is a class of companies that are expected to launch more such hardware drivers next year.

Graphics cards are usually used to support specific applications, such as games or other types of content creation. They can also be directly applied to computer devices used in networks, such as game servers, or used to handle computational resources of user operating systems for specific purposes, and so on. These technologies can draw on the design principles of graphics cards and integrate them with existing solutions—that is, optimize performance through scalability; or use a more flexible system—to better control the ability to handle graphic image files.

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What graphics card is needed for mining (what graphics card is generally used for mining)?

What graphics card is generally used for mining?

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