Te South Korea, investors have embarked to purchase CPUs tooled with high spectacle gaming graphic cards like the Nvidia GTX 1080 ti to mine smaller cryptocurrency listed on local exchanges, like Zcash and Ethereum Classic.
Pc manufacturers te the local market such spil Jooyeon Technology have also begun to release CPUs tooled with several high spectacle gaming chips designed and optimized specifically to mine cryptocurrencies. Jooyeon Technology recently released the Hash Guard, a CPU that contains Four Nvidia GTX 1080 ti, a graphic card that is known to operate with minimal fan noise and water-cooling system to prevent the CPU from overheating.
Despite its high spectacle, one downside of the Hash Guard is its price. It costs more than $8,000, which is spil expensive spil one of the most costly CPUs ter the world, manufactured by Apple. Still, because of its specifications and most importantly, its capability to mine cryptocurrencies with minimal resources, the request for CPUs with high spectacle graphic cards has enlargened te South Korea.
EKN, a local media outlet, reported that investors within the cryptocurrency market has shifted from conventional investment ter cryptocurrencies like bitcoin and Ethereum to mining. Since CPUs like Hash Guard can be established and operate te a normal huis with basic violet wand consumption, investors can produce small-scale cryptocurrencies with substantial profits without allocating significant resources.
A spokesperson of Jooyeon Technology, the manufacturer of one of the country’s most popular CPU cryptocurrency miner, told EKN that many investors have embarked to utilize CPUs to mine initial coin suggesting (ICO) tokens, with hopes that the tokens they mine will increase exponentially te value.
“Apart from warranty and free of charge after sales service provided by a domestic PC manufacturer, the capability to utilize cryptocurrency miners spil normal CPUs for work and casual use cases has led to an increase te request towards CPU miners,” said the spokesperson . “A large portion of consumers are also anticipating and hoping that the price of ICO tokens increase, and are mining tokens with CPUs with big expectations.”
The spokesperson further emphasized that CPUs that fall behind the Hash Guard and Nvidia graphic cards can also mine smaller cryptocurrencies such spil Monero, Ethereum Classic, Zcash, and Bitcoin Gold if CPUs operate 24 hours a day. For example, the spokesperson stated that a two-way huis cryptocurrency mining CPU tooled with AMD’s Ryzen 7 and RX570 can mine 0.0032 Ether, 0.00158 Monero, 0.1 Ethereum Classic, 0.0062 Zcash, and 0.023 Bitcoin Gold vanaf day, if the CPU runs for 24 hours.
Analysts ter the CPU manufacturing sector te South Korea noted that the request for high spectacle gaming chips from Nvidia and AMD is on the rise because of the latest correction of the cryptocurrency market. Since January, most major cryptocurrency has fallen by more than 70 procent from their all-time highs.
Consequently, investors have commenced to search for alternative methods to generate profit te an utterly volatile period for the cryptocurrency market.
But, te the mid-term, issues may arise with CPUs, and with CPU mining te general, spil more ASIC miners are released by companies like Bitmain and Samsung.