Recent trends in hardware have dramatically dropped the price of RAM and shifted focus from systems operating on disk-resident data to in-memory solutions. In this environment high memory access latency, also known as memory wall, becomes the biggest data processing bottleneck. Traditional CPU-based architectures solved this problem by introducing large cache hierarchies. However algorithms which experience poor locality can limit the benefits of caching. In turn, hardware multithreading provides a generic solution that does not rely on algorithm-specific locality properties.
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Absalyamov et al. (2016) studied this question.
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