Why mining graphics cards (why mining graphics cards are so cheap)

Why mining graphics cards? Why mining graphics cards are mainly used for games, not as currency? The reason is simple: because computers themselves do not have processing power and computing speed. This means that anyone with a computer can mine digital assets and conduct transactions. But if you want to contribute to comparing tokens or Ethereum, you need to have a graphics card to mine these tokens Therefore, the price of graphics cards largely depends on your computing power, so we believe that the main purpose of mining at present is to increase the price of graphics cards; On the other hand, it is to ensure that players obtain more profits and reduce risks

Graphics card manufacturers are constantly introducing various Cryptocurrency mining models. However, due to the high threshold and high cost limitations of mining technology, many graphics card manufacturers have to consider how to make graphics cards more high-end through this approach. However, for graphics cards, although many graphics card companies have started using mining as an emerging field, and many graphics card manufacturers are also exploring using blockchain to transform their production models. So what is blockchain, what it is, and how it drives the development of the encryption industry are the core issues Today we will focus on understanding why mining graphics cards are the two most popular themes: ASIC (Application Specific Integrated Circuit), POS (Proof of Rights), and DAG. Among them, the POW mechanism is a distributed storage method that can make data more efficiently saved to the network. As more and more companies join, this trend will accelerate their growth. The PoS mechanism provides a new consensus algorithm called “Proof of Work” (P2P) Based on this, the “Proof of Work” mechanism not only ensures that users can obtain information from their own devices, but also avoids the impact of CPU failures When someone wants to participate in a specific activity, they must consume a large amount of GPU resources, otherwise they cannot complete the task For example, if you want to put a bunch of graphics cards in a refrigerator or on a hard drive, you need to pay a small electricity bill to enter the system. This time-consuming graphics card may become a target of attack, and once a vulnerability occurs, it will lead to hackers invading the graphics card In addition, the PoW mechanism also allows certain types of data to be destroyed or tampered with, resulting in a 51% impact. Under the PoS mechanism, miners can achieve encryption by generating blocks using workload

According to media reports, Nvidia recently released a new product called “M30s” – M60S series video memory chip, which has high security, high performance and reliability. According to the company’s announcement, this graphics memory chip has been developed for the largest Nvidia RTX3 series in the global market and has successfully solved a series of previous challenges. Meanwhile, the company has stated its intention to replace its flagship card with the latest GDDR6 by the end of this year. In addition, AMD also plans to add more new features in the first half of 2020, such as graphics cards that support virtual reality and other technologies

Why are mining graphics cards so cheap

Editor’s note: This article is from Wind and fire wheels Community (ID: FHBT18), written by Peipei, and reproduced by Odaily Planet Daily with authorization Hello everyone, I’m Pepe. Recently, the topic of mining has been very lively. It’s not how much the price of graphics cards has increased, but why are the prices of graphics cards themselves higher than ordinary computers? Let’s have a chat with everyone today

1. What is the most mainstream technology in the Cryptocurrency market

In fact, most of the bitcoin mining machines on the market are flagship products of Nvidia or AMD, and now these manufacturers are doing their own product lines to do mining. However, this type of graphics card is no longer worth a penny in the actual market, and due to the decentralized nature of cryptocurrency networks, many users do not know its value. For example, if you buy a 2Gx32TB hard drive, you can run 30T of data processing power; For example, chip companies like Intel have also started using gaming devices on blockchain – they believe that blockchain is a future development direction

Therefore, for participants in the Cryptocurrency market, in addition to having a certain understanding of the currency price, there are also some concerns: if you really want to become the Next-generation network, you’d better not consider buying high-end video cards or higher configuration video cards, especially those mining machines that are not specifically used to extract Bitcoin

2. Why is only GPU one of the most important assets in the Cryptocurrency market

First of all, we know that video cards in the Cryptocurrency market are still scarce. Because the transaction speed of Ethereum is very slow now, many people can only choose to directly purchase the card dedicated to mining as the motherboard in order to save time. In addition, in terms of performance, the best graphics cards on the market are A16Z (Avalon) and RTX3060 (Core Motion Technology). Of course, if you want to make long-term investments, you can first take back your ETH to dig BTC and other tokens (such as EOS), and then convert them into other Cryptocurrency (such as XMR, ZEC and DASH); That is to say, most graphics cards are currently sold in the second-hand market and have gradually cooled down with the mining boom. So even if you can get a lower price, it’s still reasonable. 3. How to find the optimal solution

According to the description on the official website of the graphics card, the best way to use the R8 series graphics card is to buy it in the Secondary market. In this case, you need to buy at least one R9 series graphics card. Previously, the classic R7 of Ethereum used the same design, but this upgrade did not support R11 and R20 graphics cards, only providing 6 R10 graphics cards; But similarly, the RTX3080 also has the same design Let’s take a brief look. rj is a virtual reality video game platform developed based on an operating system. It utilizes the operating principle of the CPU and utilizes the ability of ASIC algorithms to generate visual images and perform computational tasks to achieve real-time video transmission.