GPU Mining is a process by which people can use the graphics processing unit (GPU) connected to their computers to mine digital currencies. GPUs, unlike CPUs, are designed specifically to handle graphical processing and are the go-to choice for miners due to their performance benefits and cost efficiency.
Miners leverage the power of GPUs to solve complicated mathematical equations, with faster computations resulting in more efficient mining processes. This process is used to increase the mining rate of digital currencies, and so miners are rewarded for every successful transaction.
Specifically, miners are rewarded with a fraction of the cryptocurrency that has been mined. There are several advantages to using GPU mining over CPU mining. GPU mining requires more upfront costs but generates a much higher hashrate, meaning more blocks can be mined in the same amount of time.
Additionally, GPUs are much faster than CPUs and can work independently, allowing multiple GPUs to run at the same time on multiple computers for increased productivity. Finally, GPUs use less energy than CPUs making them more efficient and more cost effective in the long run.
Considering the complex nature of mining digital currencies, those who choose to try their hand in the process will want to invest not only in GPUs but in ASIC miners. These machines are designed to mine crypto a lot faster. Today GPU Mining is not efficient anymore and will not be that profitable.