The Intel Core i7 has a Hyper Threading feature.
How is this feature helpful when it comes to software development? (Not game development)
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Hyper Threading is useful if you are using your machine for software development because current development environments are optimized to take advantage of multiple threads, which speeds up the development. Visual Studio is an example of such an environment.
However, when it comes to executing the program that you are actually coding, HT doesn't really help unless you are developing an application that takes advantage of multiple threads.
Hope I understood your question correctly. Maybe if you can expand on why this is important to you, we can help a little more.
With a bit of simplification:
So this feature is helpful, if you have an active thread count, that is higher than the core count. This is very often the case with server processes - e.g. a database server like MySQL will profit from HT, if (and only if) there are more queries running (not waiting for disk, but running in the strict sense of the word) than CPU cores available.