Your GPU Miner Is Never Useless – Mine Different Cryptocurrencies With GPU Mining
At every Bitcoin crash event, we see miners throwing away their crypto miners in an attempt to cover the investment. Sometimes, the entire mining hardware crashes down, and all your effort goes in vain. Again, the miners begin to give away their mining systems for meager values. Usually, most of the frustrated miners are those who had an ASIC miner. Whereas the ones with a GPU miner somehow manage to sustain these ups and downs. Though ASIC miner is the newer variant with much-improved performance and less consumption of energy, GPU miners are still popular. The main benefit is that you can mine different cryptocurrencies with GPU mining system.
Can You Really Mine Different Cryptocurrencies With GPU Mining?
In the legacy of cryptocurrency mining systems, GPU mining is undoubtedly the most robust of all. Neither the previous CPU mining method, nor the successive ASIC mining model can match the efficiency of GPU mining. Despite an extensive energy consumption and slow mining speed, GPU miners outclass the others.
GPU miners are programmed in a way that they can work well for mining various crypto coins. Let’s take an example. Ethereum’s switch from proof-of-work (POW) to proof-of-stake (POS) is just around. At that point, mining Ethereum with current the GPU miners will become impossible. But since, GPU miners are capable of switching towards mining other crypto coins, their owners will not face many problems. However, if a similar thing happens with ASIC miners, their owners will have to throw them away!
The Pro-tip: High Resale Value Gives Profit!
GPU miners work with graphics cards predominantly used for gaming. So, even if your miner worns out, it won’t go as a waste. You can resell it at reasonably good prices.