BEST CRYPTOCURRENCY FOR GPU MINING 2017
Published on : 2017-04-12 21:30:26
But it’s not the only cryptocurrency in town. We’ve even paid for pizza delivery in Bitcoin. And while the Bitcoin world is dominated by professional, purpose-built mining rigs, there is still room in the Ethereum ecosystem for the little guy or gal best cryptocurrency for gpu mining 2017. In a world where even banks are starting to take out patents on blockchain technology in an attempt to get in on the action, cryptocurrencies aren’t as much of a fringe pursuit as they were a few years ago. It’s much easier to imagine that a small number of large players would collude to manipulate the currency, for instance. Small-scale Bitcoin miners were stung when the mining technology jumped from GPU to ASICs.
Some would go on to buy or build an ASIC but the vast majority just stopped mining. The algorithm also has built-in ASIC detection and will refuse to mine properly on them. While no government will accept tax payments in Bitcoin just yet, it’s ridiculously close to being real money. Besides creating ripples in the market for high-end gaming computers, cryptocurrencies are probably going to be relevant in the broader economy, and Ethereum is number two for now. Ethereum on the other hand hopes to keep their miners GPU-based to avoid huge mining farms and give the average Joe a chance at scoring big and discovering a coin on their own computer. Suddenly, used high-end graphics cards are worth something again.
Ethereum’s ASIC resistance is perhaps its killer feature, preventing centralization of control and keeping the little hacker in the mining game. They were out of the game they couldn’t compete with ASICs and be profitable since mining in its self uses huge amounts of electricity. Ethereum initially launched in 2015 is an open source, it has been making headway among the 900 or so Bitcoin clones and is the number two cryptocurrency in the world, with only Bitcoin beating it in value.ChainLink.
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Cryptocurrency is an encrypted, decentralized digital currency transferred between peers and confirmed in a public ledger via a process known as mining.
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best cryptocurrency for gpu mining 2017