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There are coins like Monero that are ASIC-resistant and can only be mined with CPU, not GPU.
by cody8295 5y ago
There are coins like Monero that are ASIC-resistant and can only be mined with CPU, not GPU.
- WJW 5y agoCan you explain how this does not benefit people who have the capital to set up massive CPU farms, with all the advantages of scale that that implies? After all, you can get discounts on both power and CPUs if you buy in bulk so anyone who starts off with enough capital will only get further ahead.
- sudosysgen 5y agoIncorrect. Monero can be mined using GPUs, and that is the dominant way it is mined. Source : Mined Monero on an R9 290X until a few months ago.
- selsta 5y agoMonero's PoW algorithm is RandomX [1], which is optimized for CPU mining. While it is possible to mine with GPUs, it is significantly slower and unprofitable. [1] https://github.com/tevador/RandomX/blob/master/doc/design.md https://github.com/tevador/RandomX/blob/master/doc/design.md
- boring_twenties 5y agoIf by "a few months ago" you mean prior to November 2019, then sure. Since then the PoW is RandomX which heavily favors CPUs. I'm 99% sure there is no GPU in existence that can profitably mine Monero since then, assuming your electricity isn't free.