Jul 22nd, 2011

Bitcoin mining is a new form of virtual money. The economics of it are fascinating, but the real interest for us is that you can use your GPU to accelerate the mining process, and you’ll be shocked at the difference between NVIDIA and AMD GPU performance. If you want to setup a Bitcoin box, this article will get you moving in the right direction.

Bitcoin mining is a new, kind of “underground” start up, of a system of virtual currency used to buy goods and services over the Internet that is gaining in popularity. Before you turn away thinking you’ve landed on the wrong website, this is still HardOCP, and this does relate to video card performance. I’m not going to sit here and try to explain the whole economy of Bitcoins to you, quite frankly it is beyond the scope of this article. The reason why this is of interest to us at HardOCP, and our readers, is because of the fact that Bitcoin mining benefits from GPU acceleration in a big way.

For those that know what Bitcoins are, and want the best performance and value, read on. For those that do not know what the heck a Bitcoin is, we can link you to several places where you can read up on it, study it, and watch videos about it. The first resource, believe it or not, is going to be Wikipedia here. Wikipedia does a very good job of detailing what a Bitcoin is and how the economy works. It is important to know the basics of this economy if you are interested in really making something out of Bitcoin mining. Another very useful site is the We Use Coins website. Here you will find an introduction video about Bitcoins. There is a mining guide, which gives you an overview of why a GPU is going to benefit you with this. If you go to YouTube, there are many videos about Bitcoin mining, including some opposing views as to whether Bitcoins are really a good thing. For us today, we are concerned with the hardware aspects of Bitcoin mining, we will leave the debate of Bitcoins as good or bad for us, up to you.

Author: WhyCry

Source: videocardz.com