GDDR6 and the New Era of Mining (Episode 13)



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GDDR6 Memory from SK hynix has debuted at NVIDIA’s GPU Technology Conference 2018 and it will be a gamechanger for mining altcoins. Not only will there be an architectural difference in the way that the next-generation of GPUs are produced, but they will also be paired with memory twice as fast as GDDR5, a major component in the calculation ability for mining cryptocurrency algorithms. Bitmain’s recent debut of alternative cryptocurrency ASIC miners will now have a new standard of computation that they have to measure against.

NVIDIA has made no major announcements on the GTX 11XX (or possibly GTX 20XX) series Graphic Cards that are speculated to be available June or July of this year. As of right now, the only confirmation that there will be NVIDIA graphics cards with GDDR6 is that SK hynix has confirmed that they are going into mass production with GDDR6 memory modules and that they were presenting at NVIDIA’s conference.

NVIDIA did comment one new GPU that will be released. To the average miner, NVIDIA’s DGX-2 may not be the most intriguing of GPUs, however it will be the largest and fastest GPU in production and available on the consumer market. This will be the fastest cryptocurrency miner available for altcoins without ASICs. It also comes at a price tag of about $400,000 USD.

Will NIVIDAs new set of GPUs prove a better mining experience for Monero’s new CryptonightV7 algorithm? Monero is one of the few cryptocurrencies to actively develop and produce code that is ASIC-resistant. The new release of Monero’s algorithm is quick response to Bitmain’s release of a Cryptonight ASIC. Will Bitmain respond with another ASIC, or will the reconsider their role in alternative cryptocurrency mining in spite of Monero’s development.

For more information about SK hynix and their GDDR6, check out this article from Gamer Nexus’ Steve Burke.

More information aobut NVIDIAs NVLink and GDX-2

Official Monero ASIC-Resistant Hard Fork Announcement.

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