What graphics card can be used for mining XMR (Can MXM graphics cards be used for mining)?

08/12/2023 21:15 • Tech Ticker • 93 views

What graphics card can be used for mining XMR? How to choose the right graphics card?

According to official information, XMR uses the RTX3080 dedicated integrated circuit (SGX). This ASIC driver uses graphics processing units (GPUs) to gain some special functions. However, these components may not be suitable for cryptocurrency mining for those who want to mine XMR. Therefore, it is necessary to consider the issues of memory capacity and price. In addition, since the memory is free, you need to purchase a memory device for XMR. The current price of this graphics card is around $130.

Can MXM graphics cards be used for mining?

Editor’s note: This article is from Colorful Blockchain (ID: cybtc_com), authorized reprint by Odaily Star Daily.

Recently, graphics card manufacturer NVIDIA released a picture of a new xmm driver – this new product is an important upgrade of the M10 graphics card series. This software uses a new technology called RTX3080 graphics processor to mine XMR tokens. According to official information, this update is called “mining” because it allows graphics card owners and users to receive rewards from their memory instead of earning fees by selling their resources in games on the network. “This means you have to connect your graphics card to your GPU and install and run these computers.” According to Forbes, currently more than 10 million latest graphics cards based on M1 or M2 technology are affected. If we look at the price changes of Bitcoin, Ethereum, and other cryptocurrencies shown in the figure below, we will find this transformation is very surprising. Although some indicators have improved, such as BTC prices have risen by more than 20% or more, there may also be negative sentiments related to graphics cards for various reasons. Therefore, for users who want to buy M20S or more advanced graphics cards, they may be confused: “Why do you buy an M30s?” To answer the above questions, we need to understand what graphics cards can be used for mining.

First of all, please note that no additional amount of data (i.e. computing power) will be generated in the calculation process, and only a few players are willing to pay for their computing power, such as the current memory capacity equals the total number of CPU consumption. When the demand for graphics cards continues to increase, the demand for graphics cards will decrease. “Then, please remember that although graphics cards can work without specific hardware, they can also be used as digital asset storage solutions. Of course, some users believe that even low-power graphics cards have certain advantages, such as using fewer graphics cards for mining, but there may still be a problem of insufficient memory.

In addition, “miners” also need to know how to avoid the ability to mine cryptocurrencies without relying on graphics card devices, and whether they can really solve the problem of high graphics card costs.

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What graphics card can be used for mining XMR (Can MXM graphics cards be used for mining)?

Can MXM graphics cards be used for mining?

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