Ethereum: Are there algorithms that could have been chosen for mining that balance CPU/GPU?

Increase and decrease in cryptocurrency mining altums: Energy consumption equilibrium performance

As the popularity of cryptocurrencies such as Bitcoin increased, and the accounting demand for the events of the Blockchain network. However, the mining process has been concerned about a constant problem: ineffective algorithms that leave mining workers with subopimal equipment options.

Kryptocurrency Mining Challenges

The excavation of cryptocurrency is a complex task that requires significant calculation resources. Mining workers use efficient computers or specialized hardware, such as graphics processing (GPU), to solve complex mathematical problems known as “Pow”. The most popular Pow algorithms are:

• SHA-256

  : Requires high-end GPU, processor and memory.

• Etash : similar to SHA-256, but use different mathematical constants.

These algorithms consume large amounts of energy, which leads to significant costs of energy consumption in mining. As a result, many mining workers have become alternative cryptocurrencies that use more effective algorithms or less efficient devices.

Case of Ethereum: Are there algorithms that could have been selected?

In 2015, the Ethereum team launched an update of Ethereum Classic (etc.) for Blockchain, presenting an algorithm
Ettaseh , which used a different mathematics constant than SHA-256. This change was expected to reduce energy consumption and make mining more energy efficient.

However, the decision to move to Ettaaseh also had significant effects on algorithms below which mining workers depend. The new Ethereum Classic (etc.) block chain now uses
Keccak hash, which differs from SHA-256 used by Bitcoin (and most of the other alternatives). This change has led to:

• Reduction of energy efficiency : The Keccak-Hash function of etc requires a computational force significantly less than SHA-256.

• Different mining sites : The new algorithm uses a different block rate, which means that mining workers must adapt to changes.

Can we obtain algorithms that balance CPU/GPU performance?

In theory, it may be possible to design an algorithm that balances the performance of the CPU/GPU for Ethereum, similar to Bitcoin SHA-256. However, this would require significant progress:

• Mathematical standard : Develop more effective mathematical constants that can balance the computational processor and GPU requirements.

• Optimization techniques : The implementation of optimized algorithms that minimize energy consumption while maintaining performance.

Although we have not seen a direct comparison between the performance of the CPU/GPU with optimized algorithm for Ethereum, it is clear that mining workers face significant challenges when trying to balance their choice of hardware options for the demands of Pow algorithms.

conclusion

The transition from SHA-256 to Ettaaseh Ethereum was expected to reduce energy consumption and make the mining operation more energy efficient. However, this change has also introduced new challenges for mining workers who have to adapt to changes. Do we see a future in which you can design more effective algorithms that balance CPU/GPU performance? It’s just time to show.

Additional reading:

• “Study on the effectiveness of cryptocurrency mining” (2016)

• “Development of Algorithm of the Ethereum mine” (2020)

Note: This article is only for information purposes and should not receive investment advice. Always carry out an exhaustive investigation and take experts before making investment decisions.

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