As the world’s first and most well-known cryptocurrency, Bitcoin has had a long and eventful history. In the early days of Bitcoin, mining was performed by individual computers running the Bitcoin software.
As the network grew and became more decentralized, people began to pool their resources together in order to increase their chances of winning a block reward. Today, there are entire companies dedicated to building and maintaining Bitcoin mining hardware, and they sell these machines for a very high price.
One popular type of mining hardware is the ASIC, or Application-Specific Integrated Circuit. ASICs are designed specifically for mining Bitcoin, and they are much more efficient than regular computer CPUs or GPUs.
However, they are also very expensive, often costing several thousand dollars each.
Another popular type of mining hardware is the GPU, or Graphics Processing Unit. GPUs are used for gaming and other graphics-intensive applications, but they can also be used for mining.
They are not as efficient as ASICs, but they are much cheaper, making them a good option for people who want to start mining without investing a lot of money upfront.
The most popular GPU among miners is the NVIDIA GeForce GTX 1080 Ti. This card is powerful enough to mine Bitcoin without too much difficulty, and it is also relatively affordable, making it a good choice for people who want to get started in cryptocurrency mining.
However, even the GTX 1080 Ti is not powerful enough to mine Bitcoin profitably without some help. In order to make a profit from mining Bitcoin with this card, you will need to join a mining pool and combine your hashing power with other miners.
Mining pools allow miners to share their resources and rewards, which makes it easier to find blocks and earn rewards. Without a pool, it would be very difficult for individual miners to find blocks on their own.
In conclusion, yes, you can mine Bitcoin with 1080 TI if you join a mining pool. However, you will not be able to make a profit from doing so unless the price of Bitcoin increases significantly or you find an alternative way to offset your electricity costs.