GPU Mining – How Does It Work?

GPU Mining uses Graphics Processing Units to “mine” proof-of-work cryptocurrencies, including Bitcoin. Miners earn rewards for calculating hashes that amend and verify transactions on an open, decentralized ledger.

Gaming graphics cards like the Nvidia GeForce GTX 1070 are ideal for mining because they offer good performance and energy efficiency. But profitability depends on the price of the cryptocurrency and the cost of electricity.