How to choose the right Ethereum miner? In the long term, Ethereum’s potential in the digital currency market is still far from being realized, which means that Ethereum could see some big gains in the future. In this expectation, many friends want to be engaged in Ethereum mining, but it does not necessarily mean that he has an understanding of the Ethereum mining industry, so you need to learn a lot of industry knowledge and technology in advance, such as understanding the determinants of mining ETH and so on, and now with what mining machine mining Ethereum is better?
Bitcoin and Ethereum are both successful applications of blockchain technology, which are the most typical representatives. To be specific: Bitcoin is the basis for blockchain technology, and Ethereum is the basis for people to realize that blockchain can be independent. Not only bitcoin can have blockchain technology, but Ethereum has opened up the ideas and ideas of the blockchain world for the future. Because they are all applications of blockchain technology, the underlying basic idea is the same. Both are peer-to-peer network nodes, public ledgers, consensus-based algorithms, and both are mined to maintain the network.
Fewer people know about and participate in Ethereum mining than Bitcoin mining, which uses Ethash encryption algorithms that read memory and store DAG files during the mining process. Because the bandwidth of each read memory is limited, and the existing computer technology is very difficult to have a qualitative breakthrough in this problem, so no matter how to improve the computing efficiency of the computer, memory read efficiency still won’t have a lot of change.
As we all know, mining machines used for mining all have different computing power. ETH/ Ethereum is currently the second largest cryptocurrency after Bitcoin, and users can get it through computer (graphics card) mining. The higher the graphics card computing power, the higher the profit (in theory), the current popular graphics card models have GTX1060, GTX1070, GTX1080/1080TI and AMDRX570/580, this kind of graphics card computing power is more excellent.
GTX1050 video memory is only 2GB, in the evaluation of GTX10502G video card mining calculation force is 0, the reason is that 2G video memory is completely unable to leave a margin for mining. That is to say that only up to 4GB video memory is qualified, so GTX1050 including other graphics cards below this performance can not be mined.
However, the mainstream machine for mining Ethereum is the graphics card mining machine. The graphics card for mining Ethereum is nothing more than A card and N card. The A card is the common name for AMD graphics cards, while the N card is the common name for Nvidia graphics cards. A little introduction to the independent graphics card market pattern. At present, only AMD and Nvidia are the most upstream independent graphics card manufacturers. It is difficult for other third parties to enter and survive in this field. The GUP design, the core of independent graphics card, is monopolized by these two upstream manufacturers. Of course, there’s another company that does GPU design, Intel, but Intel makes GPUs that are built into CPUs, called “core graphics,” which is not the same thing as a stand-alone display.
In addition, the residual value of the graphics card mining machine is also an important part of Ethereum miners’ income. Dig two years of graphics card, salvage value rate is generally about 30% of the market price of graphics card (mainly refers to the ordinary assembly of graphics card mining machine, non-custom machine), in addition to the rest of the graphics card (motherboard, CPU, power, hard disk, etc.) also has a high salvage value, generally can sell to 500 ~ 1000 yuan. Under the combined mining mode, these residual values of the mining machine belong to users. Finally, I would like to remind you that when buying mining machines, we must find reliable businesses to ensure that they can provide professional technology and good after-sales service, so that the mining work can go on smoothly.