GPU mining utilizes one or several GPU (graphics processing unit) cards for mining cryptocurrency. GPUs can process hashes much faster than CPUs, but not as fast as ASIC. GPU mining is typically reserved for mining altcoins due to the high mining difficulty of bitcoin.
GPU Mining
Related Terms
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Litecoin (LTC) is a type of cryptocurrency that enables instant payments to anyone in the world. It was created by Charle Lee, a former Google employee, in 2011. Litecoin functions similarly to...
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ASIC stands for Application-Specific Integrated Circuits. An ASIC mining rig is essentially a computer specifically designed to quickly perform one specific task over and over. ASIC technology has...
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A Bitcoin ETF is a way to invest in bitcoin without actually having to buy and hold the cryptocurrency yourself.
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Altcoins are cryptocurrencies other than bitcoin. Many altcoins are forks (variations) of bitcoin. “Altcoin” is a combination of two words: “alt” and “coin”. The word “alt” is short for alternative and “coin” means currency. This wording comes from the idea that bitcoin is the original cryptocurrency and that all others are then considered “alternate” or […]
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