This renders standard GPUs (application standard specific products) vastly inferior for bitcoin or litecoin mining. And now, custom solutions are starting to hit the market. Well, soon enough, engineers began to develop ASICs for litecoin and dogecoin. Well, in the case of bitcoins, ASICs were developed, and that in turn forced bitcoin miners to set-up shop as litecoin and dogecoin miners, as the scrypt based coins were thought to be ASIC proof. To develop an ASIC (application specific integrated circuit), semiconductor engineers will modify the hardware design language, which in turn allows for optimization of computation, for a specific task. When using an ASIC the hash-rate drastically improves, which renders mass-market CPUs, or GPUs, less useful for crypto-currency mining. Soon enough, people thought of developing custom semiconductor solutions, which is basically what people refer to as ASIC.
Gpu mining litecoin 2016 code#
But maybe it makes sense after all, if you could mint a currency that's worth as much as gold or silver, wouldn't it make sense that enterprising individuals would build miniature server farms, and hash the living crap out of code to get their hands on some crypto-currency?īefore application specific integrated circuits were developed for Bitcoin, the demand for high-end CPUs surged.
I never thought bitcoin mining could have such a material impact on Nvidia ( NASDAQ: NVDA) and AMD ( NASDAQ: AMD).
Worldwide graphics card shipments are expected to decline 30-40% sequentially in the second quarter as vendors are suffering from excessive inventories, according to sources from graphics card players. I had no idea that the rate of decline would be this severe. Therefore, the GPU market is set for some serious deceleration. Well, that's wrong, what I meant to say is that GPUs can no longer effectively mine bitcoin. The bitcoin/cryptocurrency mining craze has finally come to an end.
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