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Author Topic: In the beginning days when people were mining with CPU  (Read 1711 times)
bitcoinvamp
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November 28, 2017, 03:14:51 PM
 #21

did people started with only cpu ? and not with gpu ?

when did gpu mining started ? i mean how many months/years after initial cpu mining started

what i am trying to understand is,

when majority of people were mining with cpu., did some people started mining with gpu and didnt tell anybody just to mine as much as possible in short time., so that only they will benefit from it ?

did something like that happen ?

because gpu mining is just a piece of software and whoever made it public,only after that people came to know about gpu mining,
there is chance that people were already mining with gpu but secretly.

if thats the case.,

what is stopping from people to mine even faster than ASIC, and not tell anybody ? i mean keep it secret.,
or have we reached at the point, that its not easier for averrage joe to get more speed than ASIC ?


sorry for so many questions and bad english., this struck me while i was trying to find the fastest way to create bitcoin address from sha 256 private key .




I think when this era of mining started at the first place there was only CPU mining that was used but looking at the electricity cost and its lower hashrate GPU technology was introduced. There may be chances that it was used by some miners before it was actually introduced but no one knows.
After the GPU mining FPGA Mining came to play. they offered more hashrate with very less electricity consumption compared to both CPU and GPU mining. At present people are using AISC mining techniques and cloud mining to mine bitcoins. this technology has not been replaced by any other and better mining technology. But there are some miners those are using technique something called as pool mining.
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November 28, 2017, 03:52:47 PM
 #22

With CPU you have a chance to mining some new coins which can grow in pump, but you need to be really lucky. But i hate this kind of mining, because processor really hot in this. I have one gtx 1060 3gb and mining on her some really potential coins sometimes.

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December 01, 2017, 03:27:32 AM
 #23

I'm not that familiar of this mining of bitcoin now. I am just new to this BTC thing. But before I entered gambling and bounty hunting. First thing in my mind is mining BTC. I tried but seems so complicated and will require lots of knowledge. I also read some articles that you can no longer mine BTC, you can only get nothing but dust.
I tried to register on cloud mining which end up being scammed several times.
Today i'm just waiting for this Electronium thing that they said that can be mined just by a mobile phone. Sounds very simply thing. I am waiting for that to be launch.
I will never mine using desktop pc. I tried once and it makes my CPU hang-up and and need to restart. Maybe if you will mine it requires more sophisticated PC. 

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December 01, 2017, 09:42:02 PM
 #24

did people started with only cpu ? and not with gpu ?

Yes people started merely with CPU mining because the difficulty and competition was so low that mining was too easy.
Quote
when did gpu mining started ? i mean how many months/years after initial cpu mining started

what i am trying to understand is,

when majority of people were mining with cpu., did some people started mining with gpu and didnt tell anybody just to mine as much as possible in short time., so that only they will benefit from it ?

did something like that happen ?

because gpu mining is just a piece of software and whoever made it public,only after that people came to know about gpu mining,
there is chance that people were already mining with gpu but secretly.

if thats the case.,

what is stopping from people to mine even faster than ASIC, and not tell anybody ? i mean keep it secret.,
or have we reached at the point, that its not easier for averrage joe to get more speed than ASIC ?


sorry for so many questions and bad english., this struck me while i was trying to find the fastest way to create bitcoin address from sha 256 private key .

GPU mining started way back in around 2012 when people often found their processors incapable of mining bitcoins all they were able to do now is heat up. Yes some people did this mining with GPU without telling anyone but as bitcoin adjusts its difficulty every 14 days with concept of 2016 blocks so the people using GPU couldn't make a lot of money for a long time because even if the other people didn't adjusted with their pace the network did. Same is the case today if even one of the person would use some technology latest than ASIC the network would adjust the pace accordingly other miners would see the only person mining a lot of blocks and ultimately secrets come to public.

Moreover, most number of times the innovations can't be done in isolation. You need to have some common pool of knowledge to create information. So its very difficult for any one miner alone to set up such a new chip to gain a high rate of mining coins. But yes due to cut-throat competition today in mining there must be some specific tricks or strategy which some miners do to outshine others.

And yes an extra added knowledge when satoshi mined the first bitcoin he mined it over 12-13 CPU's with difficult level 1 just think of number of bitcoin he might have mined within the first adjustment of difficulty.
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December 01, 2017, 11:07:39 PM
 #25

In beginning days, BTC has no demand and have excess supply. At that time all technicalities are easy with low hash rate. But as BTC start getting popular, Transaction no increases, hence difficulty level increase with high Hash rate. So it is not possible anymore to confirm transaction with a CPU configuration. China stated working on it and developed Mining instrument with high hash rate. Now a days seeing high hash rate, Cloud mining technique is getting quite popular among miners.

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December 04, 2017, 04:17:46 AM
 #26

Miners still use CPU chips in some locations however it is not as profitable as the alternatives currently
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December 04, 2017, 11:07:00 AM
 #27

Oh man I wish I would have known of Bitcoin back in the days.
Not because of the money to be made, but just because it must have been such exciting times to see the network grow and grow and also be able to participate with little hardware like just cpu mining!
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December 04, 2017, 11:34:47 PM
 #28

did people started with only cpu ? and not with gpu ?

when did gpu mining started ? i mean how many months/years after initial cpu mining started

what i am trying to understand is,

when majority of people were mining with cpu., did some people started mining with gpu and didnt tell anybody just to mine as much as possible in short time., so that only they will benefit from it ?

did something like that happen ?

because gpu mining is just a piece of software and whoever made it public,only after that people came to know about gpu mining,
there is chance that people were already mining with gpu but secretly.

if thats the case.,

what is stopping from people to mine even faster than ASIC, and not tell anybody ? i mean keep it secret.,
or have we reached at the point, that its not easier for averrage joe to get more speed than ASIC ?


sorry for so many questions and bad english., this struck me while i was trying to find the fastest way to create bitcoin address from sha 256 private key .



You act like there is doubts people were already using antminer s9 8 years ago. But maybe someone would mine or not because bitcoin wasn't popular and also some genius people are so enthusiastic that they make everything publick. Blockchain is an open book for every question. Since I was never interested with this question, I can't give real answer but I have my own doubts. But again, I think no one would mine with asic or great mining hardware when difficulty was so low.

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