Last updated on January 16th, 2018 at 10:14 pm Ethereum (ETH) is a popular choice for graphics card (GPU) miners. In 2018, Ethereum smashed its long-term $400 ceiling, and reached more than $1,000.
Ethereum’s Ethash algorithm is one of many algorithms designed for optimal mining on GPUs. Generally speaking, a GPU is good for mining all GPU-mineable cryptocurrency (including Ethereum Classic, Monero, Zcash, and Vertcoin).
This situation gives GPU miners enviable flexibility, in order to be able to switch between over 40 coins that are based on their current profitability. If you’re new to mining Ethereum, there are 4 important things you should know: Ethereum intends to switch to a Proof of Stake scheme called Casper.
Although this switch has been delayed, it’s reasonable to expect that it will occur in late 2018. Ethereum mining will no longer be possible after that, unless a hybrid Proof of Work/Proof of Stake model is implemented.
If so, rewards to miners will be significantly reduced, with perhaps half of all new coin rewards going to holders instead. Ethereum mining currently requires a GPU with at least 3 gigabytes of Video RAM (VRAM). Read more from 99bitcoins.com…
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