![]() GPUs have excellent memory systems, to meet the demand for high-end gaming, and Ethereum is served mostly by GPU rigs, set up by individuals or big farms. ![]() Ordinary home computing equipment can’t compete.Įthereum is quite different because its hashing algorithm requires a lot of memory look-up and is inherently limited by memory bandwidth. GPU hashing power is simply overwhelmed by dedicated ASIC miners for the past few years now, due to the nature of Bitcoin’s mining algorithm. Mining the “king” of coins, Bitcoin, has been moot for individuals with do it yourself (DIY) GPU miners. Proof of Stake in EOS) altogether but more on that later. Some blockchains have completely walked away from the Proof of Work (PoW) consensus mechanism (e.g. ![]() To understand what’s going on we must point out that NOT all blockchains are equal and miner population dynamics impact the returns of mining on each blockchain differently. Is this the sign of a turning point for mining? Not all mining is the same And now the share price dropped over 5% after reports of reduced demand for Nvidia GPUs for mining. Nvidia saw massive share price growth over the course of two years: over seven times. Cryptocurrency mining has been through some ups and downs and recently video card manufacturers like Nvidia announced diminishing sales.
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