Yes, a GTX 970 can be used to mine Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.
Ethereum is mined using a proof-of-work algorithm. Miners compete to solve complicated mathematical problems in order to validate transactions and add new blocks to the blockchain.
NOTE: It is important to note that the GTX 970 is not an optimal card for Ethereum mining. While it is possible to mine Ethereum with the GTX 970, it will be much less profitable than a more powerful card such as the GTX 1080. Additionally, due to the fact that Ethereum mining is a very intensive process in terms of power consumption and GPU temperature, it is possible that the GTX 970 may overheat or draw too much power if used for mining. Therefore, it is strongly recommended that miners use more powerful cards when mining Ethereum.
The first miner to solve the problem receives a reward in the form of newly minted ETH.
The GTX 970 is a powerful graphics card that can be used for gaming, graphic design, and cryptocurrency mining. When it comes to mining Ethereum, the GTX 970 is a great choice thanks to its high hashrate and low power consumption.
7 Related Question Answers Found
Yes, a GTX 970 can mine Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is based on the blockchain technology that underlies Bitcoin.
As the second largest cryptocurrency by market capitalization, Ethereum has garnered a lot of attention from investors and crypto enthusiasts alike. So, can a 970 mining Ethereum? The short answer is: yes, a 970 can mine Ethereum.
GPU mining is still profitable in 2019, though with the advent of ASICs (Application Specific Integrated Circuits), it has become more difficult to turn a profit with GPU mining. That said, if you have a GTX 970, you can still mine Ethereum and other cryptocurrencies, though you may not be able to turn a profit. The GTX 970 is a high end GPU that was released in 2014.
The 1050 TI is a great graphics card for budget-conscious gamers. It offers excellent value for money, and is capable of running most games at 1080p with medium to high settings. However, when it comes to mining Ethereum, the 1050 TI falls a bit short.
As of right now, Ethereum mining on a GTX 970 is not viable. The GTX 970 was released in 2014 and was one of Nvidia’s most popular graphics cards. However, the card is not powerful enough to mine Ethereum effectively.
Yes, a 980 can mine Ethereum. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is unique in that it uses a public blockchain that is also decentralized.
As cryptocurrency prices continue to surge, many people are wondering if they can cash in on the craze by mining Ethereum with their NVIDIA GTX 1050 Ti graphics card. The GTX 1050 Ti is a popular budget-friendly graphics card that is capable of delivering decent gaming and mining performance. So, can it be used for mining Ethereum?
