GDB CS501 2021 Solution File Fall Spring Semester
Crypto Mining means gaining cryptocurrencies by solving cryptographic equations through the use of computers and in short processors. cryptocurrency mining is a transactional process that involves the use of computers and cryptographic processes to solve complex functions and record data to a blockchain. The process involves validating data blocks and adding transaction records to a public record (ledger) known as a blockchain.
Earlier we had normal General Purposes Processers were used for processing or mining but now the trend has been shifted towards Graphics Processing Units (GPU) and Application Specific Integrated Circuits (ASIC). Suppose, you have to choose among the stated GPU and ASIC for a Crypto Mining Process, which one you will choose and why?
GDB CS501 Feb 2021 Solution File Fall Spring Semester
Antiminer K5 1130Gh is better than NVIDIA GeForce RTX 3080
ASIC It is a microchip specifically designed to execute a hashing algorithm. An ASIC is a computing device that can solve the most complex tasks quickly. The ASICs are the most powerful hardware available today as they can calculate hashes 100,000 times faster than even the best CPU. On the other hand GPU also used for mining but you GPU cannot perform on its own. You need to invest in a CPU case, wires, a motherboard, RAM and SSD to build a fully functional mining rig.
