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Why does eth mine with graphics cards (why can’t eth mine with graphics cards anymore)?

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Why does eth mine with graphics cards? According to the latest statistics, ETH c

Why does eth mine with graphics cards (why cant eth mine with graphics cards anymore)?

Why does eth mine with graphics cards? According to the latest statistics, ETH can earn 1M in rewards per T of computing power. However, with the continuous decline of ETH price (Ethereum’s price has been halved from its historical high on June 13th), its market value in the cryptocurrency market has also seen a sharp decline, currently only around 40,000 USD.

But due to the recent sharp rise of ETH, many people believe that ETH will continue to rise, as it is currently in a bull market, so many people want to buy a new GPU for mining. However, this has not been realized, and many ordinary investors have begun to doubt whether ETH can maintain such a high growth rate for a long time.

Why can’t eth mine with graphics cards anymore?

Editor’s note: This article comes from Ethereum enthusiasts (ID: ethfans), author: Amy Liu, translation and proofreading: Min Min & Ajian; original link: https://etherscan.io/tx/0xe0e6b9a7f2c8bdd4ce5bf1ad55c90d50c71fe

With the continuous rise of ETH price, mining is becoming more and more inconvenient. However, a problem was discovered in the recent updates of eth, which is that graphics cards cannot be used for cryptocurrency mining. This means that you still cannot mine digital assets or trade tokens using your graphics memory. Therefore, it is difficult to participate in mining if you do not have a graphics card.

So why do many users in the eth network use graphics cards? To understand this answer, we need to explain what graphics card mining is and the key reasons for its operation:

1. Graphics cards must have the ability to support multiple computers.

2. GPUs can be used for mining ETH in two ways, but one of them is to run these computing resources on the graphics memory device – they are the CPU, graphics memory, and the graphics memory required for storing data. So you can connect these graphics cards to a system and it can become an ASIC miner and combine it with other hardware as a full node. (Translated during the Rinkeby test network). If the graphics card driver is considered operable and capable of handling a large number of transactions, its functionality will be greatly reduced.

3. Since most Bitcoin networks rely on GPUs and are affected by them, because their memory is only 32MB and does not generate new blocks, the hard disk space is limited, expensive, and easy to lose.

However, from the current situation, graphics cards are not useful because they can only obtain some computing power instead of directly mining BTC. Although graphics cards can indeed achieve certain purposes, they are not practical for ordinary people.

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