New Aleo Crypto Coin May Give GPU Miners A Second Chance

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There is a chance that cryptocurrency miners may have found a new type of coin to mine with their suddenly useless GPUs — and it’s even spurring GPU purchases and a new line of motherboards based on an old chipset. Aleo is a new cryptocurrency currently in the testnet 3 phase; however, it’s reportedly very close to its main net launch and has garnered interest from cryptocurrency miners.

According to a recent tweet (opens in new tab) from the official Aleo account, there are currently up to 14,000 nodes mining the coin. In addition, there are 20 million proofs per second, representing a 1000X improvement over the testnet 2 phase. However, unlike other cryptocurrencies, Aleo doesn’t rely solely on the best graphics cards — you can also mine Aleo with a processor because part of the algorithm depends on processor performance, so it has a role in the mining process. As such, miners will need to find the best combination of processor and graphics card.

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