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Showing posts with the label Bitcoins

Why are GPU's better than CPU's for AI and mining bitcoins

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GPUs (Graphics Processing Units) excel at AI and Bitcoin mining due to their parallel processing architecture. Artificial Intelligence (AI) Parallel Processing: AI tasks often involve massive amounts of data and complex calculations. GPUs, with their thousands of cores, can perform these operations simultaneously, drastically speeding up training times for deep learning models. Matrix Operations: Many AI algorithms heavily rely on matrix multiplications and other linear algebra operations. GPUs are optimized for these types of calculations. Bitcoin Mining Hashing Power: Mining Bitcoins and other crypto coins involves solving complex cryptographic puzzles. GPUs, with their high number of cores and fast clock speeds, can perform many more hashes per second than CPUs, increasing the chances of finding a solution and earning rewards. Difference between a GPU and a CPU GPU (Graphics Processing Unit) A GPU is specialized in parallel processing, making it ideal for tasks involving lar...

Bitcoin, the digital money

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You once heard it in the news or read in the newspaper for sure. Bitcoin, the new payment method. What is Bitcoin? Bitcoin is an international cryptographically money expressed in BTC, XBT or the currency symbol in the orange logo. It's digital money with its own currency like there is the Dollar or the Euro. Bitcoins will never be used in physically way because it's the intention to pay digital. The best way to compare it is with a virtual wallet in your computer or smart-phone where Bitcoins are in that can be used to pay digitally. Some stores already support this digital payment method. How does it work? Bitcoins are collected and stored in a wallet file that is managed by a third party, called a wallet service. Via the Internet money can be transferred between anyone who owns a Bitcoin-adres. The electronic money makes use of a database that is spread across nodes of a peer-to-peer network to keep track of the transactions. Bitcoins are also protected by cryptograph...