GPU mining utilizes one or several GPU (graphics processing unit) cards for mining cryptocurrency. GPUs can process hashes much faster than CPUs, but not as fast as ASIC. GPU mining is typically reserved for mining altcoins due to the high mining difficulty of bitcoin.
GPU Mining
Related Terms
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Litecoin (LTC) is a type of cryptocurrency that enables instant payments to anyone in the world. It was created by Charle Lee, a former Google employee, in 2011. Litecoin functions similarly to...
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ASIC stands for Application-Specific Integrated Circuits. An ASIC mining rig is essentially a computer specifically designed to quickly perform one specific task over and over. ASIC technology has...
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Altcoins are cryptocurrencies other than bitcoin. Many altcoins are forks (variations) of bitcoin. “Altcoin” is a combination of two words: “alt” and “coin”. The word “alt” is short for alternative and “coin” means currency. This wording comes from the idea that bitcoin is the original cryptocurrency and that all others are then considered “alternate” or […]
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EOS is the native token of EOSIO network, which is a type of blockchain technology that is positioning itself as a decentralized operating system. EOS.IO is a blockchain protocol powered by its...
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Ethereum is a decentralized, open-source, and distributed computing platform that enables the creation of smart contracts and decentralized applications, also known as dapps. Ethereum, or the Ethereum Virtual Machine (EVM), is an attempt to build a new version of the internet: An internet where money and payments are built-in. An internet where users can own […]