Why does crypto mining require powerful graphics cards? Wouldn't speed be the most important thing? Assuming this is a graphics card (it sounds like one)
The reason for graphics cards is that they perform the large number math that generates the crypto hashes better than a general purpose CPU. Most of the cryptocurrency out there still uses graphics cards to mine with.
String multiple graphics cards together and now you generate even more hashes faster.
And that is the fucked situation we're in currently.
Also worth pointing out that graphics cards are GPUs (a specialized processor) and VRAM (specialized ram). It's really the two things you want if you're doing crypto mining. Having a 50 series with 8gb of VRAM is like trying to stop a pack of wolves from eating you buy tying a ham around your neck.
I think they are still used for mining or at least were used until very recently. I see a lot of crypto miners for sale with cards like 3060 , so it looks like the market for them is still there.
Maybe a lot of people that are buying these graphics cards now are "retail miners" even though it is more profitable to use a purpose-built mining board.
Either way fuck crypto. I just wanna buy a mid-range gpu that can play games from 5 years ago. Even those are wildly overpriced.
yea its pretty weird since 3050 is pretty weak and doesn't have enough GPU Memory needed for mining, I think it's just speculation (atleast with this card)
Is this because of crypto?
Why does crypto mining require powerful graphics cards? Wouldn't speed be the most important thing? Assuming this is a graphics card (it sounds like one)
Me no understand crypto nerds
The reason for graphics cards is that they perform the large number math that generates the crypto hashes better than a general purpose CPU. Most of the cryptocurrency out there still uses graphics cards to mine with.
String multiple graphics cards together and now you generate even more hashes faster.
And that is the fucked situation we're in currently.
:kombucha-disgust:
:geordi-yes: like I said, it's fucked.
Also worth pointing out that graphics cards are GPUs (a specialized processor) and VRAM (specialized ram). It's really the two things you want if you're doing crypto mining. Having a 50 series with 8gb of VRAM is like trying to stop a pack of wolves from eating you buy tying a ham around your neck.
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I think they are still used for mining or at least were used until very recently. I see a lot of crypto miners for sale with cards like 3060 , so it looks like the market for them is still there.
But then again, I don't know shit about mining.
Bitcoin miners use special made cards but smaller coins like Ethereum are still profitable to be mined with GPUs
It also depends on the market. If a coin doubles in value, it can become profitable to mine it with less efficient hardware.
Thanks that makes more sense, I try not pay attention to cryptocoin stuff
Maybe a lot of people that are buying these graphics cards now are "retail miners" even though it is more profitable to use a purpose-built mining board.
Either way fuck crypto. I just wanna buy a mid-range gpu that can play games from 5 years ago. Even those are wildly overpriced.
yea its pretty weird since 3050 is pretty weak and doesn't have enough GPU Memory needed for mining, I think it's just speculation (atleast with this card)
Demand for crypto mining is one thing, and otherwise demand for gaming also has increased a lot