What Are Graphics Cards Used for in Mining Machines (Can Mining Machines Use Graphics Cards)?

What are graphics cards used for in mining machines? When mining Bitcoin, it is necessary to purchase specialized graphics cards for mining. Generally speaking, it is difficult to mine BTC (Bitcoin) on ordinary computers and professional devices. But if a computer uses a graphics card, mining can be done because with a graphics card, there is no need for additional memory configuration. If you want to mine cryptocurrencies, you can also choose some ASIC chips as mining hardware, such as M30S, RTX3070, and T17 series.

To facilitate understanding, below we introduce the types of graphics cards used in mining machines: CPUs used for mining coins, GPUs used for mining, etc. Among them, PC versions can be directly used to mine digital assets such as DCR, ZEC, and ETC. However, these graphics cards are products specifically designed for gaming and mainly serve the following purposes:

1. Memory for mining machine operation/maintenance and inspection. For example, you can connect your laptop to form a small machine or a server. At this time, you need to prepare a 2GB memory and back it up to the motherboard. 2. Graphics cards can also be replaced with 1TB memory to prevent tampering or loss.3. Other parts such as graphics card slots and displays can be replaced with 4GB memory.

These are relatively simple operations. For most people, they may simply be unable to obtain graphics cards and need to constantly modify them to avoid losses. (I am the author Huang Xuejiao, for blockchain project reporting and communication, you can add my WeChat: hxjiapg, please indicate your position and reason.)

Mining Machines Can Use Graphics Cards

Can mining machines use graphics cards?

Recently, Odaily Star Daily interviewed a friend who is a Bitcoin miner. This friend told him that the domestic mining hardware market is still in a low state. However, there are currently many mining farms developing various mining coins, computing power, virtual currency mining equipment (such as the Bitmain S19 series), and small investment and financial platforms specifically for mining BTC and other digital assets. In the eyes of these “mining circle” big shots, they are very interested in the blockchain industry and hope to open up a new path for themselves.

In response, the friend said, “Although I personally don’t believe it, if you want to mine Ethereum or other encrypted tokens, you definitely can’t sell the graphics card.”

According to the Core Finance APP statistics, from January 2017 to the present, there have been a total of 33 million new mining machines worldwide. In the third quarter of 2018, about 4,700 new miners were added; in the first quarter of 2020, about 2,360 new customers were added.

In response to this phenomenon, the friend responded, “There is no speculation at all, we just want to remind ordinary users to use caution.”

1. How much money does it cost to mine a Bitcoin?

According to feedback from previous friends’ gatherings, since the end of 2019, the price of Bitcoin has fallen by more than 50% from its lowest point in 2017. But at the beginning of this year, there was a surplus of imitation graphics cards on the market. At the end of 2017, as the price of Bitcoin rose all the way to more than $2000, many miners sold their graphics cards to cash out. Due to the recent continuous rise in the price of Bitcoin, coupled with Bitcoin breaking through the $20,000 mark, many players have turned their attention to graphics cards, resulting in some people buying graphics cards worth thousands of yuan.

However, the friend also said, “Nowadays, most mainstream mining machines rely on gaming for their memory, such as Antminer L3+ or Shenma M20s+. “Of course, it is also possible to use GPU products like R8, which can directly run all memory on a laptop,” and added, “You may only need to buy a T7 or other small-price graphics card.”

2. “When your earnings exceed 1000 yuan, it is recommended to convert them into Bitcoin.”

5. Recently, many media have begun to question the huge capital investment in Bitcoin mining pools. “What is going on with this?”