There’s an article at the Bitcoin Wiki that attempts to explain the difference, but the original piece was written in 2010-2011 and hasn’t been updated since. This isn’t quite accurate, and it doesn’t explain why the GTX 680 is actually slower than the GTX 580 at BTC mining, despite having far more cores. It refers to Fermi and AMD’s VLIW architectures and implies that AMD’s better performance is due to having far more shader cores than the equivalent Nvidia cards. This article is going to explain the difference, address whether or not better CUDA miners would dramatically shift the performance delta between AMD and Nvidia, and touch on whether or crypto not Nvidia’s GPGPU performance is generally comparable to AMD’s these days.
Your profits live or die by electricity costs. That’s about $400 per year, so it will take you two and a half years to pay off your AntMiner—and mining difficulty will increase, so there’s a good chance you’d end up losing money on that purchase. For example, if you pay 20 cents per kWh, as is the average in the UK, you’ll make about $1.10 a day after electricity costs.
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Less convenient – You need to plug in your hardware wallet to your computer to make a transaction; though fortunately the new Ledger Nano X has Bluetooth functionality, giving you the option to send transactions using your mobile phone instead.
The first reason AMD cards outperform their Nvidia counterparts in BTC mining (and the current Bitcoin entry does cover this) is because the SHA-256 algorithm utilizes a 32-bit integer right rotate operation. Prior to the launch of the GTX Titan, Nvidia GPUs required three steps — two shifts and an add. AMD GPUs can do this operation in a single step. In a right rotation, bitcoin bits that fall off the right are reattached at the left. This means that the integer value is shifted (explanation here), but the missing bits are then re-attached to the value.
If you’re not in any hurry to transfer crypto from Binance to Polygon wallet, you could of course just wait until Binance fixes whatever problem they had that caused the suspension, but otherwise the above method seems to work well.
That’s $2224.89 over the first year, or $1024.89 after deducting the $1200 cost of the ASIC. While things could still go wrong and you could fail to make a profit, there are much greater odds you’ll make some money. On the other hand, if you’re paying 4 cents per kWh instead, you’re looking at a projected profit of $6.10 per day after electricity costs.
Anything that promises to mine Bitcoin with your CPU is a scam, as it won’t even be worth the cost of electricity. It’s impossible to make money mining Bitcoin on your computer, even if you have a decent graphics processor (GPU) optimized for gaming.
This implies a theoretical peak int32 dispatch rate of 64 per clock per CU — double GK104’s base rate. AMD plays things close to the chest when it comes to Graphics Core Next’s (GCN) 32-bit integer capabilities, but the company has confirmed that GCN executes INT32 code at the same rate as double-precision floating point. AMD’s other advantage, however, is the sheer number of Compute Units (CUs) that make up one GPU. The Titan, as we’ve said, has 14 SMX’s, compared to the HD 7970’s 32 CU’s. Compute Unit / SMX’s may be far more important than the total number of cores in these contexts.
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One of the reasons AMD cards excel at mining is because the company’s GPU’s have a number of features that enhance their integer performance. Bitcoin mining is a specific implementation of the SHA2-256 algorithm. This is actually something of an oddity; GPU workloads have historically been floating-point heavy because textures are stored in half (FP16) or full (FP32) precision.
Instead, you simply withdraw the cash and lock them up in your personal safety, or you store them in your bank. Simply withdraw your funds after every transaction using exchanges like Binance, the same reason why you wouldn’t leave your hard-earned money on money remittance centers and money exchangers. Simply send them over to your personal wallet whereas you have control over the private keys. The same thing should be done with your coins and tokens.
Only use wallets whereas you have control over the private keys/recovery seed, as that way, crypto even if the exchanges you use gets hacked, your coins don’t get lost along with it. While this quote is directly referring to bitcoin, it should apply to pretty much every single cryptocurrency.