Litecoin mining: Radeon GPU shortage reported
Bitcoin miners long ago moved up from GPU mining to ASIC mining in response to algorithm difficulty. But GPU mining still gets the job done for Litecoin’s algorithm, and a number of outlets are reporting a shortage of Radeon GPU graphic cards. This could be coincidence, or there could be a real correlation. The Litecoin mining has taken off in recent months, with the currency’s hashrate doubling in the last month. It’s hashing difficulty followed suit. Still, that hashrate is perfectly suitable for GPU mining (the ease of mining is one of Litecoin’s differentiating factors, after all), and....
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Bitcoin mining on a standard GPU is a thing of the past. Put simply: it's no longer economically viable, given the power consumption of discrete graphics cards and their relatively high price. ASICs are a no-brainer when it comes to bitcoin, however litecoin is a different story. Unlike its counterpart, litecoin can still be mined using off-the-shelf hardware, namely via AMD Radeon graphics cards. There aren't that many alternatives, either. There are still no ASIC products for scrypt, litecoin's algorithm, and this will not change for the next few months at least. It is rumoured that....
Bright Side of News recently published an article entitled: LiteCoins is Causing Shortages of AMD Radeon GPUs. Right... Well... I'm 110% sure that it is Litecoin not LiteCoin, the same way that it is Bitcoin not BitCoin. In fact, it's the same way that Eurodollars are not EuroDollars, so even in that hazy circumstance where the etymological components of the compound word are both indubitably proper nouns... Grammar must prevail. Additionally, the article only references these "cryptocurrencies" which is provided by Wikipedia, and it underestimates the total number of different cryptocoins....
Having launched its fastest graphics card to date on Tuesday, AMD will find few takers among scrypt miners, argues Nermin Hajdarbegovic. AMD's new card is pricey and designed with enthusiasts in mind, so few miners will be willing to pay the premium for an elaborate hybrid cooler. What's more, an increasing number of scrypt miners are looking beyond Radeon graphics processing units (GPUs) for their mining needs. With that in mind, the dual-GPU Radeon R9 295X2 is starting to sound like a swan song for GPU mining, at least as far as scrypt goes. Meet the R9 295X2, AMD's new flagship. The....
The Radeon RX 480 was released onto the GPU market without much fanfare, sold as a mid-range card at a low price – which is exactly how it performs. Despite the excitement in the gaming press about AMD’s Polaris architecture and the RX (and upcoming Pro WX) line of GPUs, particularly about the card’s price point, it seems to have been glossed over by the crypto mining community. The 480 boasts 26-27 MH/s when put to the task of ETH mining, around 85 percent of what its older brother, the 390X, can put out at around half of the launch price. Despite the card’s promise as an efficient and....
New GPU cards for mining are on the way, but the demand is too great. So, what are manufacturers doing to solve the shortage? The rise of cryptocurrencies over the past few months, especially with the onset of 2021, has certainly catapulted the crypto niche into the mainstream. While traders buy and sell and try to calculate how much this or that currency has grown by and as large investment funds predict that Bitcoin (BTC) will soon reach $100,000 per coin, big things are also happening in the crypto mining space.Miners in the largest pool, F2Pool, reportedly contributed to the recent....