Sapphire representatives announced the release of a new video-card, SAPPHIRE RX 570 16, for miningMining
– is a type of activity for creating new blocks in the Blockchain to ensure proper system operation. Details the newly created GRIN cryptocurrency, as reported by the CoinTelegraph news agency.
On Tuesday, January 22, a press release was published on the official website of the Sapphire manufacturer, in which they presented a new video-card for the mining of GRIN cryptocurrency (as well as other altcoins of the Cuckoo Cycle algorithm).
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"SAPPHIRE Technology, a leading manufacturer of computer hardware, announced the release of the BlockchainBlockchain
is a continuous and sequential block chain of information (digital linked list). When building a blockchain, copies of related blocks are simultaneously stored on multiple computers.Details HDMI graphics card SAPPHIRE RX 570 16GB, the first of the new Blockchain product family for graphics processors (...) that supports the newly released GRIN Coin and other cryptocurrency (...) HDMI RX 570 16GB SAPPHIRE card will soon be available for orderOrder
– automatic application to buy or sell cryptocurrency. Orders are used during trading on the stock exchange to open and close a position. Details (...)" – from a message on sapphiretech.com
Video card for GRIN mining – description
The HDMI Blockchain SAPPHIRE RX 570 16 GB graphic card is one of the first to support the mining of cryptocurrencies using the Cuckoo Cycle hashHash
(hashing) – a cryptographic term that means changing the input data of different sizes into the original data of a clearly defined size, using a special mathematical algorithm.Details algorithm (with proof of PoW).
As is known, GRIN cryptocurrency (released earlier this month) has become the center of many discussions, as it represents a completely decentralized, confidential tokenToken
– is an accounting unit that is used to represent a digital balance in an asset.Details with the MimbleWimble encryption algorithm.
Sapphire representatives reported that the new video-card was created due to the ever-growing interest in the GRIN cryptocurrency (as well as other "confidential tokens").
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Sapphire manufacturer introduced a new video-card for mining GRIN coins. The new graphics processor (GPU) from Sapphire, as stated in the message, will be able to solve the algorithm Cuckoo Cycle, which is the basis of PoW GRIN. According to Sapphire workers, the RX 570 is "one of the few solutions that can effectively mine Cuckatoo 31+, resulting in fewer users on the network, which will lead to higher profits for the first miners."
Editor: Pereyidenko Ihor