What is mining without using n-cards (mining without graphics cards)?

What is mining without using n-cards? Introduction: This article is from BlockBeats (ID: blockbeats), authored by 0x33, and authorized by Odaily Planet Daily.

In the blockchain industry, “mining” is an essential component. However, mining Bitcoin and Ethereum in many countries or regions is a relatively high threshold business. So, what is “mining”? What is “mining without using n-cards,” which includes what questions?

Today, we are going to talk about what mining without using n-cards means and which currency is best to mine. Simply put, mining is putting money on your computer and device to conduct transactions. This means that as long as you install plugin software, you can directly mine through your machine, and then your phone can run mining software.

If you want to buy a mining machine, you need to have some chips, such as graphics cards or other configurations. Therefore, you can choose to use dedicated chips for mining. Because the chips themselves do not support network effects and hardware such as power drivers, they can only be used with these chips. However, there are several technical means available now to help mining companies solve this pain point.

(1) Low electricity cost. Currently, most mainstream electrical costs are already very cheap. But if you want to join this game, you need to buy a desktop computer and then connect it to the internet for cloud computing. Ordinary people basically have no spare electricity resources and operation and maintenance tools to do such things, and it is also easy to be hacked. Of course, there is a way to reduce electricity prices, which is to use professional servers to mine. (2) Low costs. Generally, when fees are high, some people are willing to pay the development team. But for ordinary investors, it may be better to bear more operating expenses and spend more energy participating in the project. (3) More flexibility. With the development and growth of the cryptocurrency market, more and more traditional financial institutions have started to accept cryptocurrencies as a payment method. For example, after Bank of America recently announced cooperation with Wells Fargo Bank to launch digital currency trading services, Fidelity Investments will provide fiat-based custody solutions for its customers. In addition, they will also recommend digital asset management platforms to their clients. Due to the high volatility of Bitcoin, it does not affect the investment decision of users.

Mining without using graphics cards

Introduction: This article is from Caiyun Blockchain (ID: cybtc_com), authorized by Odaily Planet Daily. Bitcoin mining has become less dependent on graphics cards, and it is becoming more and more interesting. These graphics cards can be used for mining in the Ethereum network. It is said that mining can now be done without using graphics cards. You can replace the GPU with ASIC chips or find other uses for it. According to bitInfoCharts’ data, the current market price for graphics cards is over $40,000. However, if we look at the trend from November last year to today, the price of these graphics cards may be much higher, even exceeding 200,000 yuan (approximately $20 million). According to current market conditions, this estimate will reach around 100,000 yuan or so. But even so, it is not surprising —— due to the significant reduction in memory size in recent months, mining revenue has decreased. Therefore, with the increasing mining difficulty and the introduction of new currencies, the demand for graphics cards continues to rise. In addition to graphics cards, there are still many issues: 1) Mining consumes a large amount of electricity. 2) Is the cost of more than 1GB of memory too low? 3) How efficient is a 4T CPU’s power consumption? The answer is simple. The more expensive the graphics card, the less computing power it has. Therefore, the increase in graphics card prices and the growing demand for graphics cards bring its value back to its original level, providing more investment channels. For miners, the main thing is to avoid losses caused by a drop in graphics card prices, and graphics card manufacturers achieve revenue circulation by lowering the prices of mining hardware equipment and other factors. Of course, this part of the profit is also obtained by gamers, such as playing “Minecraft,” and then buying a cola popsicle to enjoy it. Although some people now think that mining makes money faster, in some cases, they may not consider the profitability of mining, and they may feel that they are just simple speculators. (Image source: Coinmarketcap.io) Furthermore, some people believe that this situation may be temporary because graphics card manufacturers will not invest a large amount of resources in research and development like today. However, this does not mean that mining pool companies will stop their operations.