Crypto miners hunt for CPU to make Bitcoin miner

November 26, 2021 By admin 0

After the thirst for graphics cards, miners are looking to buy CPUs to mine Raptoreum – the digital currency that has just appeared on the market.

The Raptoreum project launched on February 26, but began to grow strongly from the beginning of November. Within the past week, the price of Raptoreum has tripled from $0.21 to $0.60, ranking 3,384 in the market.

According to Bitcoin Press, Raptoreum is creating massive upheavals in the crypto world. One of the reasons is that it is designed as an ASIC resistant cryptocurrency – specialized mining machines.

The project development team believes that ASIC mining will reduce the efficiency of distribution of Bitcoin and other cryptocurrencies. Expensive ASIC systems also cause the level of cryptocurrency mining to be pushed up and miners’ profits are reduced.

Therefore, the team is going in the direction of CPU mining instead of traditional VGA or GPU. They chose the Ghostrider algorithm, which combines Cryptonite and x16r to keep the Raptoreum blockchain network untouched by expensive ASICs. In addition, the team integrated some special lines of code to increase randomness. Therefore, the Raptoreum coin is especially suitable for CPU models with large caches of L3 (temporary storage of instructions that the CPU needs to process).

Price chart of Raptoreum over the past week.

According to TechSpot, many are starting to install bulk Ryzen CPU rigs at Raptoreum mining farms. On a cryptocurrency forum, the account ElChapuzasTV shared a video of a miner using 28 Asus Prime X570P motherboards and 28 Ryzen 9 CPUs.

Meanwhile, international miners are also hunting for AMD’s Ryzen 9, Threadripper and EPYC CPUs. According to calculations, Ryzen 9 5950X can mine 205 Raptoreum per day with a profit of about 5.4 USD, while Ryzen 5900X earns 4.5 USD per day. After deducting the costs of machinery and electricity, users can pay back within half a year.

According to miners, Raptoreum is still in the early stages of the project. The competitive advantage over older blockchain platforms like Bitcoin and Ethereum is still unclear. But from the project’s white paper, this blockchain network can create a new type of mining protocol that will solve the growing thirst for graphics cards.

However, ExtremeTech predicts that when Raptoreum becomes popular, it will again sweep the CPU market the way Bitcoin devastated the hard drive market. If this project proves to be stable and superior, the CPU thirst will repeat as Bitcoin, Ehtereum pushed the graphics card market to its peak in a long time.