New Radeon Launches Just in Time for No Miner to Care
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....
Related News
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....
KnCMiner has bumped up the specification of its upcoming Titan scrypt miner. The Swedish mining rig manufacturer now claims its Titan model will deliver at least 250MH/s. It's an unexpected announcement, given the fact that the Titan was announced just a week ago and that the original spec promised a 100MH/s device. KnCMiner told CoinDesk that the typical GPU used for scrypt mining today delivers less than 1% of the Titan. For example, an overclocked Radeon R9 290X usually delivers about 1MH/s. The R9 290X is currently the fastest Radeon card on the market, although AMD is expected to....
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....
The publicly listed ASIC mining rig manufacturer, Canaan, has announced the launch of a new submerged liquid-cooled bitcoin miner called the Avalonminer A1066I. Canaan claims the new immersion cooling miner is noiseless and capable of significant overclocking, as the miner’s cooling system increases power efficiency by 78%. The China-based and Nasdaq-listed bitcoin mining rig manufacturer, Canaan, has revealed a new bitcoin miner with some interesting attributes. The new miner is called the Avalon Immersion Cooling Miner (A1066I) and its components are designed to operate while being....
The global charity organization, CARE, has created crypto-based vouchers that will be distributed to women and select groups in Africa and Latin America. According to CARE, these vouchers will be redeemable for goods, services or cash and linked to the needs of recipients. However, in its statement announcing the launch of the pilot phase, the NGO reveals only groups in Kenya and Ecuador are set to participate. In Kenya, the vouchers will go to the “village savings and loans associations that are coping with the economic impact of COVID-19.” In Ecuador, the crypto vouchers....