AsusTek Computer Inc., Taiwanese multinational computer hardware and electronics company headquartered in Taiwan, officially announced that will start producing high-end graphic cards engineered for coin mining. According to the company press release the Mining RX 470 and Mining P106 will boost high-efficiency, high-durability designs for up to 36%-better megahash rates.
The Taiwanese computer giant shows its interest in the increasingly growing cryptocurrency mining business: some of the most innovative Blockchain projects, like Ethereum, Monero and Zcash, can be mined via high-end GPUs instead of ASIC (Application-Specific Integrated Circuit) machines and in recent times there has been a shortage in GPUs supply. Gaming and mining seem now competing for available hardware on the market.
Announced Mining RX 470 and Mining P106 will have reduced-friction fans, will be dust resistant and offer easy-to-use controls for managing clock speeds and voltages, helping coin miners to find the best possible hash rate for their environment and scenario.
Good news for Ethereum miners who will benefit from these new powerful graphic cards specifically designed for cryptocurrency mining. The only point which need to be considered is how long will it take for Ethereum to switch from POW (proof-of-work) to POS (proof-of-stake) because at that point in time mining will leave the stage to staking, a blockchain consensus mechanism which is about validating blocks instead of mining them. In POS, each validator owns some stake in the network that they bond where bonding stake means to deposit tokens, and using them as a collateral to vouch for a block. Main resources used in POS are coins at stake and low-computing resources. Anyhow, these high-end graphic cards can be used with many coins leaving the final choice to end users.
Image from asus.com
Present day Bitcoin and altcoin development appear to be recounting a theory that played out in the early mining industry.As was the pattern during the actual gold rush of the 1800s, while some people took the risk and spent their time looking for gold, other folks watched on non-judgmentally and lucratively supplied the “picks and shovels” that enabled the fever-pitched masses to take a shot at “striking it big.”
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