Graphics Processing Unit(GPU)
A processor originally designed for graphics rendering, widely used for cryptocurrency mining due to parallel processing capabilities.
In-Depth Explanation
GPUs are more versatile than ASICs, capable of mining various algorithms and reselling for gaming or AI workloads. They dominated Ethereum mining before the PoS transition. GPU mining is less efficient than ASICs for specific algorithms but offers flexibility and lower barrier to entry.
Related Terms
Mining
The process of using computational power to validate transactions and add new blocks to a proof-of-work blockchain.
Application-Specific Integrated Circuit
ASICSpecialized hardware designed for a single purpose, typically mining a specific cryptocurrency algorithm.
Proof of Work
PoWA consensus mechanism where miners compete to solve computational puzzles, with the winner adding the next block and earning rewards.
More in Infrastructure
View all →Gas Fees
Transaction fees paid to validators/miners for executing operations on a blockchain.
Gwei
A denomination of Ether equal to one billionth of an ETH, commonly used to express gas prices.
Layer 2
L2Scaling solutions built on top of a base blockchain (L1) that process transactions off-chain while inheriting L1 security.
Layer 1
L1The base blockchain that provides security and consensus, such as Ethereum, Bitcoin, or Solana.