The development of the GPU mining: a short story
The GPU mining, a kind of cryptocurrency breakdown with graphics processing units (GPUS), has become increasingly popular in recent years. However, the development and adoption were not without their challenges. In this article we will take a closer look when the first GPU mining software has been made available publicly.
The early days: 2012-2014
The GPU mining became a practical alternative to conventional CPU-based mining methods around 2012-2013. The technology used with special hardware to carry out complex mathematical calculations that could be carried out by several GPUs in parallel. At that time, the first GPU mining software was developed by a team of cryptographers and miners who tried to create a decentralized network for the validation of transactions on the Ethereum blockchain.
Ethereum role: 2014
The development of the Ethereum platform introduced in December 2014 played an important role in the popularization of the GPU mining. The Ethereum Network (ETH) was designed with a consensus salgorithm for the proof of the start, which is less energy-intensive than conventional proof-of work algorithms. This design made it more suitable for decentralized networks like Ethereum.
Public availability: 2015
The first GPU mining software
Etminer was published in May 2015 by Sergey Ivanov, also known as “Minnowbloc”. With the software, users were able to easily dismantle the Ethereum with GPUs on their computers. Ethmar has quickly gained popularity in miners, and today one of the most frequently used GPU mining tools remains.
The rise of other mining software:
In 2016, other mining software such as CGMINER and EASYMINER were released, which further increased the introduction and visibility for the GPU mining. The creation of these tools contributed to standardizing the process of the GPU mining and making it more accessible to a wider audience.
Diploma:
The first GPU mining software was publicly made available by Ethmerer in 2015, which paved the way for the widespread introduction of the GPU mining. Since then, the technology has developed, with new mining software and hardware solutions to appear regularly. Today, the GPU mining remains a popular method of validating Ethereum transactions, and its development is expected to continue because more miners are looking for alternative energy sources.
Sources:
- “The story of the crypto mining” by Coindesk
- “Ethereum 2.0: What is in stock?” From Coindesk
- “How did the GPU -Mining start? A short story” by Blockchair