The Nvidia GeForce GTX 1060 graphics card is stacked with innovative technologies, making it the perfect choice not only for gamers but for cryptocurrency miners. Powered by Pascal, the Nvidia GeForce GTX 10-series graphics cards deliver twice the performance of its predecessors, in addition to innovative new gaming technologies and virtual reality breakthrough.
For a newbie, cryptocurrency participants use GPU (graphics cards) to mine various cryptocurrencies, which can be exchanged for Bitcoin and then sold for real money. Long before, miners use their CPU – Central Processing Unit to mine, but they had one drawback – speed! CPUs were not fast enough to deliver timely and accurately in this fast rising technological world; its inefficiency stalled the system resources of the host computer.
The right hardware can be beneficial within months, and anything mined during this period (excluding power bill) is pure profit. Miners were fast enough to switch on to using the GPU – Graphical Processing Unit in computer graphics cards. This was on the ground that GPU was able to hash data 60 – 100 times faster and consumed less power per unit of work than CPU.
A graphical processing unit is a specialized processing device which serves as the powerhouse for providing mining work and accounting services. It is used as a mining ASIC chip. Experts in mining would avoid using a laptop, handheld device or gaming console to mine because these devices aren’t viable to generate income.
Nvidia GeForce GTX 1060 Video card is one of the latest and most effective graphic cards for miners. It has a higher hash rate than its predecessors. It functions at 22.5 MH/s on Lyra2REv2 @ 1911 MHz core clock speed and can attain 24 with the highest clock. The faster GDDR5 memory is what makes it really fascinating for the profitable Ethash and Equihash crypto algorithms.
For most miners, electricity costs are a deciding factor. This is why miners in Iceland, China, and other parts of the world with cheap electricity have a great mining advantage. The good news is that the Nvidia GeForce GTX 1060 graphics card is an Ethereum mining hardware that is efficient enough to reduce your electricity bills drastically.