How did CPU only coins perform in 2017 compared to other cryptocurrencies?

3 answers

• Dec 26, 2021 · 3 years ago
  CPU only coins, also known as coins that can only be mined using central processing units (CPUs), had a mixed performance in 2017 compared to other cryptocurrencies. While some CPU only coins experienced significant growth and gained attention from investors, others struggled to gain traction. The performance of CPU only coins largely depended on their underlying technology, development team, and market demand. It's important to note that the overall market sentiment and the performance of major cryptocurrencies like Bitcoin and Ethereum also influenced the performance of CPU only coins. Therefore, it is difficult to make a general statement about how CPU only coins performed compared to other cryptocurrencies in 2017.
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• Dec 26, 2021 · 3 years ago
  In 2017, CPU only coins faced tough competition from cryptocurrencies that could be mined using more powerful hardware, such as graphics processing units (GPUs) and application-specific integrated circuits (ASICs). These more advanced mining technologies provided higher hash rates and increased efficiency, making them more attractive to miners. As a result, CPU only coins often struggled to compete in terms of mining power and network security. However, some CPU only coins managed to differentiate themselves by offering unique features or targeting niche markets, which helped them maintain a certain level of value and community support.
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• Dec 26, 2021 · 3 years ago
  As an expert in the field, I can say that CPU only coins had a challenging year in 2017. While they were once considered a viable alternative to GPU and ASIC mining, the rise of more efficient mining hardware made it difficult for CPU only coins to compete. Many investors and miners shifted their focus to cryptocurrencies that could be mined using GPUs or ASICs, which offered higher mining rewards and better profitability. However, it's worth noting that the performance of CPU only coins varied greatly. Some managed to gain a loyal following and achieve significant price appreciation, while others struggled to gain traction and maintain a stable value.
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