What is GPU Crypto Mining?
A Graphics Processing Unit or GPU is used in cryptocurrency minings for its efficiency and convenience. It acts as a service provider for the digital rendering engine of a computer. Compared to the CPU or the central processing unit, a GPU is faster in terms of processing.
A GPU is primarily responsible for performing display functions. It is the portion of a computer that controls the video rendering system. The typical purpose of a GPU is to render visual effects and 3D graphics. It manages graphics-intensive tasks including video editing, gaming show, and 3D video and animation encoding and rendering.
How does GPU Crypto Mining operate?
When cryptocurrency mining was still new in the field, CPUs were the gold standard. But there are limitations on the usage of this technology such as limited processing capacity and high power consumption rate. Therefore, it was deemed to be inefficient.
Then here comes GPU mining which changed the game. It is better than most CPUs since it offers multiple benefits. For one, it is 800 times faster than a regular CPU. Indeed, GPU mining is a better suit for cryptocurrency mining as its efficiency rate can handle multiple calculations and in repetitive forms.
A large number of Arithmetic Logic Units (ALU) are also included in GPUs, which are responsible for performing mathematical computations. The GPU can perform more calculations thanks to these ALUs, resulting in higher performance for the crypto mining process.
Best cryptocurrencies to mine using GPU
Two of the best cryptocurrencies to mine using GPUs are Bitcoin and Litecoin. Litecoin was one of the first users of the Scrypt protocol. Since Litecoin uses the SCRYPT algorithm, it can be mined without an ASIC. The network also offers low-cost, high-speed transfers.
While Bitcoin is one of the few cryptocurrencies built with GPU mining. It's also one of the few non-stable coin cryptos with a reasonably consistent price. As of February 1, 2021, a BTG is worth $10.65.
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