Depending on the hardware and software used for mining, as well as the type of their owner, mining is divided into: mining on a CPU, mining on a GPU, ASIC mining, cloud and browser mining, mining on a laptop and communicators, etc.
Mining on a processor (CPU) – it was relevant 10 years ago, at the dawn of the creation of the first cryptocurrencies. However, now the processor capacity is not enough to process data on transactions with cryptocurrencies stored in long blockchain chains.
Mining on a video card is now one of the most popular and relevant types of cryptocurrency mining, as it involves a high speed of transaction processing. After all, GPUs were designed to process a large amount of the same type of video data, which is similar to the process of mining a digital currency.
With the transformation of mining into an industrial-scale business and the growth of competition – after all, only the miner who is the first to process the transaction receives remuneration – a need arose for specialized equipment for mining cryptocurrencies.
Any currency can be mined on a video card, but some of them are better suited, as they have a more suitable algorithm for the GPU. Old algorithms are not geared towards working with video cards, so they can take a long time to process.
Such flagships of the cryptocurrency market as bitcoin, Litecoin, Dash and Dogecoin, one video card may also not pull. The processing of their transactions is already done using ASIC-special complex computer equipment, sharpened for the mining of a specific cryptocurrency.
It should be noted that full-fledged discrete video cards will be effective for such mining, and not video chips integrated into the processor on laptops.
The best graphics cards for mining Bitcoin and other cryptocurrencies in 2019 are Nvidia models: 1060, 1070, 1080 TI, as well as AMD: RX 470, RX 480, RX 570, Rx 580.
CryptoNigh-based cryptocurrencies such as Monero, Bytecoin Electroneum, and Equihash (Hush, ZCash, Bitcoin Gold) and Ethash (Ethereum, Ethereum Classic) are best suited for GPU mining. For maximum profitability, experts advise using a system of 4-6 video cards for mining.
There is a temptation to overclock the video card to the maximum with the help of special software, but this is fraught with at least the loss of the card warranty, at the most – its breakage. Therefore, it is important to be careful here, and at least first read the reviews about the accelerator program on the technical forums. One of the best applications for this is the MSI Afterburner Accelerator.
There are many positive aspects to this case, including:
Also, there are always stumbling blocks:
Bitcoin – The largest coin, but nevertheless the most difficult in this process, so Bitcoin mining is energy inefficient.
Ethereum – The second largest coin is very popular and slightly easier to mine than the first currency.
Dogecoin is one of the so-called meme currencies, which was created thanks to the Shiba Inu dog meme and now it continues to grow rapidly.
It has existed longer than all sotals and therefore has the largest capitalization and price.
The second attempt to instill a love of people for cryptocurrency and it turned out to be more successful.
coin associated with the largest centralized exchange of the same name.
It is a stablecoin that is equal to the US dollar.
It is very popular due to its lower energy requirements.
Its creators used to do ETH, so they were able to make their network even better.
A very popular currency due to the special type of international transactions with facilitated procedures.
It was eclipsed by the earlier released bitcoin, but nevertheless it has been afloat since 2011.
It has a fairly low price and is easy to get.
The coin is very niche, but nevertheless it has found incredible popularity around the world.
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