What graphics card is good for mining Ethereum in 2021 (How long can you mine Ethereum with a graphics card)
What graphics card is good for mining Ethereum in 2021? According to the latest
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What graphics card is good for mining Ethereum in 2021? According to the latest news, on December 11, 2020, NVIDIA released a new product called E2C (Ethereum Virtual Machine) and introduced a new generation of graphics memory chips. In the latest upgrade, customized GPU technology based on RTX3080 and RTX3070+ is used, which has high memory and high performance characteristics. This game also provides efficient solutions for miners. (BlockBeats)
How long can you mine Ethereum with a graphics card
The mining difficulty of Ethereum has recently decreased, from 320,000 transactions per second on August 1st to nearly $20,000 per day. All of this is attributed to the recent skyrocketing prices of graphics cards (according to bitinfocharts) and the decline in ETH prices.
Graphics card manufacturers generally believe that the cost of graphics cards is high, but as the mainstream gaming market continues to grow at the end of this year, the demand for graphics cards will increase, and they will be able to mine more currencies. However, the current situation may not be so: many well-known players in the market have claimed that they have been “slaughtered” and are no longer mining using high-end computers like NVIDIA; some even predict that the prices of graphics cards will continue to decline. (BitBit News)
According to Bitcoinist, NVIDIA recently announced that it has partnered with RTX3060 series chip companies to provide Ethereum mining services to its customers and launched a new version with customized memory for RTX3080Ti. This product supports the Ethereum 2.0 upgrade and the latest update version of the Nvidia PegaSysGeForceRX30Pro graphics card, which is soon to be released. In addition, Intel has also announced new ASIC chips based on GPU design for its users to purchase.
Prior analysis pointed out that the significant drop in Ethereum’s hash rate due to the continuous decline in Bitcoin’s network hash rate is a major blow to the entire Ethereum ecosystem: “Although Ethereum mining hardware continues to diminish, graphics cards can still effectively process a large number of transactions in a short period of time”. However, the growth rate of Ethereum has far exceeded expectations.
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