Comprehension

The questions are to be answered on the basis of what is stated or implied in the passage. Choose the most appropriate response that accurately and completely answer the question.
Mining cryptocurrency was a great way to use your best graphics card to make a little money on the side.Being able to use an idle GPU to crunch numbers when not playing games allows you to make the most of the performance available. Unfortunately, since we originally created this guide, the crypto markets have crashed and Ethereum has moved to a proof of stake.
While it's not as easy to make a tidy earning with your GPU mining cryptocurrencies as before, there may be some other coins that may be worth it if you’re mindful of energy use and initial cost. The absolute best gaming graphics card does not equal the best value and returns for mining using your PC. We’ve got a recommendation for everyone here.
What is the best GPU for crypto mining ?
Choosing the best graphics card for crypto mining isn’t as simple as picking the absolute most expensive card you can locate and calling it a day. There are various factors to consider when shopping around for a new GPU to (hopefully) make some money with. The most important factor of any GPU for crypto mining is efficiency — you want a high hash rate for as little electricity as possible.
Take our highest recommendation here, for example. It’s the NVIDIA GeForce 3060 Ti, an incredible GPU for gaming, but it’s also excellent for crypto mining. It won’t win awards for the highest hash rate, but for the more affordable price, it’ll get you up and running without issue. If you wanted something a little cheaper without sacrificing too much in performance, the NVIDIA GeForce RTX 2070 is your guy.
But there are countless other GPUs that are worth considering and not only from NVIDIA. The AMD Radeon RX 5700 XT is our favorite GPU for value, offering an impressive hash rate for the asking price. Then there’s the AMD Radeon RX 580, which is perfect for those on a tight budget who wish to save a few Bitcoins or Ethereum to weather a financial storm.
You don’t have to spend much at all to make money mining cryptocurrency. So long as the hash rate will pull in coins for you to sell and make enough to cover electricity costs, you’re already in the green. Once you factor in a few months to pay off the GPU, you're in profit — and that's not taking into account the resale value of the card itself.
When deciding on a GPU for crypto mining, you need to bear in mind a few factors. Do you want to pay more upfront now and potentially earn higher returns ? Or do you feel as though the mining scene will dissipate slightly with lower returns and wish to spend only a small amount on a GPU to make a little extra on the side?
The cryptocurrency market is a financial one, and that means it’s extremely susceptible to media coverage and human emotion. Take the damning environmental reports about Bitcoin that coincided with the Chinese crackdown to send the price spiraling. If you’re about to spend $2,000 on a GPU to mine cryptocurrencies, you best be sure you can at least recuperate the initial purchase cost.
This is why we’re not recommending only the most powerful (and expensive) GPUs available today. That doesn’t make sense in the current climate, but it’s also outright bad advice for those new to the wonderful world of mining digital currency. Unlike gaming, where only the best GPU you can afford will do, choosing one for crypto mining is a little more challenging.
What about all other GPUs for crypto mining?
There are plenty of GPUs out there, and many of them offer considerably high hashrates, making them ideal for cryptocurrency mining. We couldn’t include every graphics card here, and so this collection only includes handpicked recommendations that cover multiple price ranges.
So long as the GPU you consider buying will make more money than the electrical cost to run the PC, you’re good to go. Leave it running for a few months, and you'll have accumulated enough to pay off the card. You could stop here and sell the card to recuperate some of the initial cost or continue with passive income.

Question: 1

Select the appropriate option to complete the sentence. The writer uses the word ‘crunch numbers’ in the first paragraph to communicate that it involves _______ .

  • generating unique algorithms to develop recreation products
  • solving algorithms that help solve money-matters
  • large-scale processing of numerical data
  • gathering numerical data for financial research
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The Correct Option is C

Solution and Explanation

The correct option is (C): large-scale processing of numerical data.
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Question: 2

Select the option that correctly reflects what the idiom in the given sentence means. ‘Choosing the best graphics card isn’t as simple as picking the absolute most expensive card, you can locate and calling it a day.’

  • not compromising on quality
  • making informed choices
  • getting confused
  • ceasing work
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The Correct Option is D

Solution and Explanation

The correct option is (D): ceasing work.
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Question: 3

Select the option that displays what aspect the text titled ‘What is best GPU for crypto mining’ DOES NOT present.
  1. information
  2. prediction
  3. suggestion
  4. precaution
  5. introduction

  • i, ii and iv
  • ii and v
  • Only iii
  • i and iii
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The Correct Option is B

Solution and Explanation

The correct option is (B): ii and v.
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Question: 4

What is the writer’s most likely intent of using question headings in this text ?

  • retain a certain measure of deniability
  • compel the reader to agree with explanation that follows
  • create an atmosphere of uncertainty and suspense
  • present information in a systematic chronology
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The Correct Option is A

Solution and Explanation

The correct option is (A): retain a certain measure of deniability.
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Question: 5

Select the option that displays words similar in meaning to ‘recuperate’, from the last line of the text.

  • represent, remove, regain
  • renew, return, represent
  • remove, retain, reinstall
  • regain, recover, retrieve
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The Correct Option is D

Solution and Explanation

The correct option is (D): regain, recover, retrieve.
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Question: 6

On the basis of this article, a rational person decided that X was a better GPU for crypto mining than Y. He found that the initial cost of X was much lower than Y. It therefore follows that :

  • X’s hashrates were higher than Y’s
  • X’s hashrates were lower than Y’s
  • X’s hashrates were the same as Y’s
  • Cannot be determined
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The Correct Option is D

Solution and Explanation

The correct option is (D): Cannot be determined.
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Question: 7

If total cost of mining N bitcoins using GPU X was lower than the total cost of mining the same number of bitcoins using GPU Y, then it follows that :

  • X’s per-unit-time electricity consumption is lower than Y’s per-unit-time electricity consumption
  • X’s per-unit-time electricity consumption is more than Y’s per-unit-time electricity consumption
  • X’s cost price is lower than Y’s cost price
  • Cannot be determined
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The Correct Option is D

Solution and Explanation

The correct option is (D): Cannot be determined.
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Question: 8

What is the relationship between profits made using crypto-mining and hashrates?

  • High hashrates necessarily lead to high profits
  • High hashrates necessarily lead to some profits
  • Low hashrates cannot lead to profits
  • None of the above
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The Correct Option is D

Solution and Explanation

The correct option is (D): None of the above.
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Question: 9

Assuming that the cost price and hashrates of two GPUs are identical, which of the following statements is true ?

  • The profits made by crypto-mining using the GPUs in different time-periods and thereafter selling the GPUs would be identical.
  • The profits made by crypto-mining using the GPUs in the same time-period and thereafter selling the GPUs would be identical.
  • The profits made by crypto-mining using the GPUs in the same time-period and thereafter selling the GPUs could be different.
  • None of the above
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The Correct Option is C

Solution and Explanation

The correct option is (C): The profits made by crypto-mining using the GPUs in the same time-period and thereafter selling the GPUs could be different.
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Question: 10

GPUs are made of infinitesimally small chips made out of semiconductors. Due to the pandemic, companies manufacturing these chips had to shut down. Assuming that the prices of cryptocurrencies and electricity remained constant, this would lead to
  1. Higher cost prices of GPUs
  2. Lower profits made by people mining cryptocurrency
  3. Lesser hashrates of GPUs
  4. Losses for people mining cryptocurrency

  • i, iii, iv
  • i, ii
  • i, iv
  • i only
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The Correct Option is D

Solution and Explanation

The correct option is (D): i only.
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Question: 11

A certain extremely expensive GPU has the best hashrates among all GPUs. This GPU would

  • Have high resale value
  • Have high electricity consumption
  • Give less profit in crypto-mining
  • None of the above
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The Correct Option is D

Solution and Explanation

The correct option is (D): None of the above.
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Question: 12

A goes to a shop. At the shop are two salesmen - X and Y. X always says the truth. Y always speaks falsehoods. X and Y are aware of each other’s tendencies. A does not know which salesman is X and which salesman is Y. Both salesmen say to A, “If you asked the other salesman, he would tell you that GPU G1 is better than GPU G2.” What can be said about G1 and G2?

  • G2 is better than G1
  • G1 is better than G2
  • G1 is the same as G2
  • Cannot be determined
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The Correct Option is A

Solution and Explanation

The correct option is (A): G2 is better than G1.
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