GPU Mining
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GPU Mining
GPU mining is the use of Graphics Processing Units (GPUs) to "mine" proof-of-work cryptocurrencies, such as Bitcoin. Miners receive rewards for performing computationally intensive work, such as calculating hashes, that amend and verify transactions on an open and decentralized ledger. GPUs can be especially performant at calculating such hashes. Concerns about GPU mining With the rise of GPU mining for cryptocurrency, there sparked various discussions on the concerns with the usage GPU's for cryptocurrencies for the hardware market, environment, and users. Environmental concerns While central processing unit A central processing unit (CPU), also called a central processor, main processor, or just processor, is the primary Processor (computing), processor in a given computer. Its electronic circuitry executes Instruction (computing), instructions ...s (CPUs) were used to mine cryptocurrency in their earliest days, they were gradually replaced by more performant GPUs. ...
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Graphics Processing Unit
A graphics processing unit (GPU) is a specialized electronic circuit designed for digital image processing and to accelerate computer graphics, being present either as a discrete video card or embedded on motherboards, mobile phones, personal computers, workstations, and game consoles. GPUs were later found to be useful for non-graphic calculations involving embarrassingly parallel problems due to their parallel structure. The ability of GPUs to rapidly perform vast numbers of calculations has led to their adoption in diverse fields including artificial intelligence (AI) where they excel at handling data-intensive and computationally demanding tasks. Other non-graphical uses include the training of neural networks and cryptocurrency mining. History 1970s Arcade system boards have used specialized graphics circuits since the 1970s. In early video game hardware, RAM for frame buffers was expensive, so video chips composited data together as the display was being scann ...
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Proof Of Work
Proof of work (also written as proof-of-work, an abbreviated PoW) is a form of cryptographic proof in which one party (the ''prover'') proves to others (the ''verifiers'') that a certain amount of a specific computational effort has been expended. Verifiers can subsequently confirm this expenditure with minimal effort on their part. The concept was first implemented in Hashcash by Moni Naor and Cynthia Dwork in 1993 as a way to deter denial-of-service attacks and other service abuses such as spam on a network by requiring some work from a service requester, usually meaning processing time by a computer. The term "proof of work" was first coined and formalized in a 1999 paper by Markus Jakobsson and Ari Juels. The concept was adapted to digital tokens by Hal Finney in 2004 through the idea of "reusable proof of work" using the 160-bit secure hash algorithm 1 (SHA-1). Proof of work was later popularized by Bitcoin as a foundation for consensus in a permissionless decentralized n ...
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Cryptocurrency
A cryptocurrency (colloquially crypto) is a digital currency designed to work through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it. Individual coin ownership records are stored in a digital ledger or blockchain, which is a computerized database that uses a consensus mechanism to secure transaction records, control the creation of additional coins, and verify the transfer of coin ownership. The two most common consensus mechanisms are proof of work and proof of stake. Despite the name, which has come to describe many of the fungible blockchain tokens that have been created, cryptocurrencies are not considered to be currencies in the traditional sense, and varying legal treatments have been applied to them in various jurisdictions, including classification as commodities, securities, and currencies. Cryptocurrencies are generally viewed as a distinct asset class in practice. The first cryptocu ...
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Bitcoin
Bitcoin (abbreviation: BTC; Currency symbol, sign: ₿) is the first Decentralized application, decentralized cryptocurrency. Based on a free-market ideology, bitcoin was invented in 2008 when an unknown entity published a white paper under the pseudonym of Satoshi Nakamoto. Use of bitcoin as a currency began in 2009, with the release of its open-source software, open-source implementation. In 2021, Bitcoin in El Salvador, El Salvador adopted it as legal tender. It is mostly seen as an investment and has been described by some scholars as an economic bubble. As bitcoin is pseudonymous, Cryptocurrency and crime, its use by criminals has attracted the attention of regulators, leading to Legality of cryptocurrency by country or territory, its ban by several countries . Bitcoin works through the collaboration of computers, each of which acts as a Node (networking), node in the peer-to-peer bitcoin network. Each node maintains an independent copy of a public distributed ledger of ...
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Cryptographic Hash Function
A cryptographic hash function (CHF) is a hash algorithm (a map (mathematics), map of an arbitrary binary string to a binary string with a fixed size of n bits) that has special properties desirable for a cryptography, cryptographic application: * the probability of a particular n-bit output result (hash value) for a random input string ("message") is 2^ (as for any good hash), so the hash value can be used as a representative of the message; * finding an input string that matches a given hash value (a ''pre-image'') is infeasible, ''assuming all input strings are equally likely.'' The ''resistance'' to such search is quantified as security strength: a cryptographic hash with n bits of hash value is expected to have a ''preimage resistance'' strength of n bits, unless the space of possible input values is significantly smaller than 2^ (a practical example can be found in ); * a ''second preimage'' resistance strength, with the same expectations, refers to a similar problem of f ...
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Central Processing Unit
A central processing unit (CPU), also called a central processor, main processor, or just processor, is the primary Processor (computing), processor in a given computer. Its electronic circuitry executes Instruction (computing), instructions of a computer program, such as arithmetic, logic, controlling, and input/output (I/O) operations. This role contrasts with that of external components, such as main memory and I/O circuitry, and specialized coprocessors such as graphics processing units (GPUs). The form, CPU design, design, and implementation of CPUs have changed over time, but their fundamental operation remains almost unchanged. Principal components of a CPU include the arithmetic–logic unit (ALU) that performs arithmetic operation, arithmetic and Bitwise operation, logic operations, processor registers that supply operands to the ALU and store the results of ALU operations, and a control unit that orchestrates the #Fetch, fetching (from memory), #Decode, decoding and ...
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Sapphire Technology
Sapphire Technology Limited () is a Hong Kong–based technology company, founded in 2001, which produces graphics cards for personal computers and workstations, motherboards, TV tuner cards, digital audio players and LCDTVs Sapphire's products are based on AMD graphics processing units, and both AMD (ATI (brand), ATI) and Intel motherboard chipset technology. The company is the largest supplier of AMD-based video cards in the world. Sapphire was the first company to release a video card with a high definition multimedia interface (HDMI) connector. Sapphire was the first company to release a video card having clock speed of 1000 MHz (1 GHz) with the release of the Sapphire Atomic Edition HD 4890. Manufacturing facilities As of 2007, Sapphire has two ISO 9000, ISO 9001 and ISO 14000, ISO 14001-certified manufacturing facilities in Dongguan, China, which have a monthly production capacity of 1.8 million video cards. The manufacturing facility had an area of about 250,00 ...
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