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Why is CPU Mining Slower Than GPU Mining? (Is Mining Related to CPU?)

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Why is CPU mining slower than GPU mining? Editor\’s note: This article is from B

Why is CPU Mining Slower Than GPU Mining? (Is Mining Related to CPU?)

Why is CPU mining slower than GPU mining? Editor’s note: This article is from BlockBeats (ID: 0xB18) and is authorized for reproduction by Odaily Planet Daily.

Recently, as more and more developers enter the blockchain field, ASIC mining machines have emerged. These chips have significant differences in processing speed and energy consumption, making CPU efficiency less reliable, expensive, and slow. (Image source: internet)

Currently, many companies are considering adopting a new method to solve this problem – Bitcoin Cash (BCH). Although some big companies have planned to launch dedicated integrated circuits (ASIC), they have not provided any core technical details about this technology.

It is estimated that the current total hash rate of Bitcoin Cash is 21.9 TH/s, more than twice that of the second-largest PoW cryptocurrency, Bitcoin, and can only generate about 5 new blocks per second. Therefore, Bitcoin Cash can be seen as a “faster solution”. However, to use this solution, more time and effort are required for optimization because its computational power is very low.

Due to the high transaction costs of Bitcoin and its potential as a global store of value, when a country wants to obtain a large amount of funds, it must purchase BTC and other virtual currencies such as digital assets; otherwise, it will be threatened, bringing risks and difficulties to the economy.

In addition, a considerable amount of maintenance costs are required to achieve the desired goals. Therefore, in order for companies to quickly and efficiently carry out business activities and improve efficiency, miners should make use of their idle hardware resources to facilitate cooperation with other companies. There are also various factors that make the devices more flexible, portable, which is good news for the entire industry.

Of course, there are also people who think that this is a great thing. For example, Facebook announced the acquisition of a technology startup company focused on the gaming industry, MetaPlatforms. After the establishment of the company, the team received support from investors, including SoftBank Vision Fund, and part of the funds was used to support the development of MetaPlatforms, while the other part was used to help develop the next generation of the gaming industry.

Is Mining Related to CPU?

Content by: Peipei, Editor’s note: This article is from Wind and Fire Wheel Community (ID: FHBT18) and is authorized for reproduction by Odaily Planet Daily.Hello everyone! I’m Peipei. Recently, during this weekend, I had quite a few conversations with friends who are involved in mining and cryptocurrency trading. But it seems like this whole thing is somewhat unreal, because the coins mined don’t really have much use. And is mining related to CPU? Today, I will briefly discuss two points:The first is about the issue of graphics cards. Although the prices of many graphics cards are already high, when mining Bitcoin, if the mining power is slightly lower, the prices may increase. Of course, this situation does not happen very frequently. The second point is that for ordinary people, things like playing games and buying houses require a certain amount of electricity to be able to use a computer. Mining is one of the activities that consume a lot of electricity. But at the same time, we can consider these two things as long-term development trends. So here, I would also like to talk about the demand for GPUs and the relationship between GPU demands.1. When you start paying attention to the mining market, you will find that from November last year to May this year, the entire market has been very active. The prices of graphics cards have been increasing at a high rate, even more than doubling.2. With more and more hardware manufacturers entering the market, the market share of graphics cards is gradually increasing, especially in recent years. Due to the delayed upgrade of Ethereum 2.0, the total amount of graphics memory has decreased, and some companies have switched to other networks in order to save energy, resulting in a decline in graphics card prices.3. If you think that the future development direction of graphics cards will be more diversified, then there will definitely be a portion of graphics cards that will have the ability to seamlessly transfer value on the blockchain. For example, the payment business and transaction applications in the Bitcoin ecosystem. In the mining industry, almost all cryptocurrency projects will use this method for mining, including mainstream public chain projects like ETH. Therefore, to some extent, it can also be understood that miners are actively participating in the mining industry, making it an important step in pushing Bitcoin towards maturity.4. Another argument is that most of the current mining competitors are mainly based on Ethereum’s performance. The Ethereum smart contract platform is mainly developed by the Ethereum team, and Ethereum also supports its own operation by providing its own computing power. This is also an important part of its development roadmap.So why is there a shortage of graphics cards? This is because at present, the mining technology barrier is extremely high, and many players either choose to buy graphics cards directly or only choose products or services they like, such as games, cloud storage, and other categories.Due to the high cost of using graphics cards and some limitations in ASIC chip design, the efficiency of graphics cards is low, making it difficult for many users to use expensive GPUs.

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