Nvidia to launch dedicated GPUs for Bitcoin mining? New reports suggest that graphics card manufacturer Nvidia might be about to release bitcoin mining playstation 2 series of graphics cards targeted specifically at cryptocurrency miners, leading to hopes that these might reduce demand for their gaming GPUs and bring to an end the remarkable levels of price inflation seen in recent months.
GTX 1080 Ti, Titan X and Titan XP. One of these, manufactured by Inno3D, will feature 3,200 CUDA cores and a base close speed of 1582MHz. However, unlike traditional gaming GPUs, these cards will not feature any video outputs, making them useless for gaming purposes. As the price of Bitcoin continues to remain high, so too has the price of graphics cards, as limited supply has been snapped up by cryptocurrency miners hoping to use their PCs to process transactions in return for the valuable virtual currencies. Although CPUs can also be used for this process, the design of these GPUs makes them a much more efficient choice. When it comes to cryptocurrency mining, efficiency is everything. GPUs for Bitcoin Mining: An end to GPU price inflation?
Unfortunately, there are a couple of reasons why people are speculating that this might not be the case. For one thing, miners often purchase GPUs knowing that they’ll retain a lot of their resale value thanks to the PC gamers that’ll happily snap them up second-hand. However, with no video outputs, mining GPUs don’t have the same benefits going for them. Still, it’s good to see Nvidia at least making some efforts to tackle the problem so that we can get back to enjoying PC gaming at a reasonable price once more.
Nvidia has refused to comment on whether these rumours are accurate. We don’t comment on rumours or un-announced products. What do you think it’s going to take for the price of GPUs to come down to reasonable levels once more? To bring you the best content on our sites and applications, Meredith partners with third party advertisers to serve digital ads, including personalized digital ads.
Those advertisers use tracking technologies to collect information about your activity on our sites and applications and across the Internet and your other apps and devices. A few weeks ago, friends of mine were joking about my recent interests and how they don’t understand the point of them. I asked if they would like to hear more about the awesomeness of 8-bit videogame consoles or about the awesomeness of the technical details behind bitcoin mining. One of them joked that they wanted to hear about how to mine bitcoins on an 8-bit game console.
A brilliantly useless project such as this cannot be ignored. While the all the buzz in bitcoin mining is about dedicated ASIC silicon, I was going take inspiration from the Mushroom Kingdom. A few late nights later, this is what I put together. While the challenge is to ‘mine bitcoins on an 8-bit game console’, lets break that down a bit.
Bitcoin mining is a process of getting recent bitcoin transaction data from the global bitcoin p2p network, concatenating a random nonce value, SHA256 hashing it twice, checking to see if the resultant hash has a more than a particular number of leading zeros, and relaying positive results back out to the bitcoin network. I’m using bitcoind to do the network communication. This is pretty standard for bitcoin mining, the mining software focuses on doing the hashing and lets bitcoind do the p2p network stuff. There’s a few standard protocols for those two pieces to communicate with varying levels of efficiency, but I’m using the most basic ‘getwork’ protocol because, heh, this isn’t going to be the bottleneck in this operation.