Ethereum: Are there algorithms that could have been chosen for mining that balance CPU/GPU?

Rising and decrease in cryptocurrency mining altums: Power consumption performance balance

As the popularity of cryptocurrencies like Bitcoin increased, the same thing happened with power demand, which validates the validation of events in the Blockchain grid. However, the mining process has been bullied by a permanent problem: ineffective algorithms that leave mining workers from hardware options for ideal.

Challenges of Kryptocurrency Mining

Excavation of cryptocurrency is a complex task that requires significant calculated resources. Mining workers use powerful computers or specialized devices, such as graphic processing units (GPU) to solve complex mathematical problems known as “Pow” (POW). The most popular power algorithms are:

• Sha-256 : Requires the tip of GPU, processors and memory.

• Etash

  : Similar to Sha-236, but uses different mathematical constants.

These algorithms consume large amounts of energy, leading to the significant costs of mining energy consumption. As a result, many mining workers have turned into alternative cryptocurrencies that use more effective algorithms or less efficient devices.

Ethereum case: Are there algorithms that could have been selected?

In 2015, the Ethereum team released an update on Blockchain Ethereum Classic (etc.) by presenting the
esp algorithm, which used a different math constant from Sha-256. This change was expected to reduce energy consumption and do more efficient mining.

However, the decision to move to Ettaseh also had significant effects on the underlying algorithms where mining workers depended on. The new Ethereum (etc) classic now uses a variant of Hash
Keccak , which differs from Sha -256 used by Bitcoin (and most other Altcoins). This change led:

• Reduced Energy Efficiency

  

  : The Hash Keccak function of the ETC requires significantly less computational force than SHA-256.

• Different mining sites : The new algorithm uses a different block fee, which means that mining workers should adapt to changes.

Can we get algorithms that balance the CPU/GPU performance?

In theory, it may be possible to design an algorithm that balances the CPU/GPU performance for Ethereum, similar to what Bitcoin’s Sha-236 is designed. However, this would require significant progress:

• Mathematical Standard : Developing more effective mathematical constants that can balance the computational requirements of the processor and GPU.

• Optimization Techniques : The implementation of optimized algorithms minimizing power consumption while maintaining performance.

Although we have not seen a direct comparison between the CPU/GPU performance with the optimized algorithm of Ethereum, it is clear that mining workers face significant challenges in trying to balance the demands of the power algorithms behind their equipment.

conclusion

For SHA-236 Etash, Ethereum was expected to reduce energy consumption and do more efficient mining. However, this change has also introduced new challenges for mining workers who should adapt to the changes. Do we see the future where the most effective algorithms can be designed to balance the CPU/GPU performance? Only time says.

Additional reading:

• “Study on the effectiveness of cryptocurrency mining” (2016)

• “Ethereum’s quarrying algorithm development” (2020)

Note: This article is only for informative purposes and should not be kept in investment advice. Always complete complete examinations and advice to experts before making investment decisions.