Re:The GPU Sadness Index: Tracking eBay Pricing
by wmf on Sunday February 28, 2021 @02:21PM
(#26296219)
It's possible that soon whatever coin is most profitable to mine won't be profitable enough to justify buying more GPUs. There's always a limit.
Re:The GPU Sadness Index: Tracking eBay Pricing
by cbozeman on Sunday February 28, 2021 @04:40PM
(#26297340)
> whatever coin is most profitable to mine won't be profitable enough to justify buying more GPUs
This is exactly where I'd like to see it all go.
Re:The GPU Sadness Index: Tracking eBay Pricing
by tgsovlerkhgsel on Sunday February 28, 2021 @02:47PM
(#26296400)
If there is a significant gap between Ethereum and the second most profitable coin, taking Ethereum out of the market will make the whole mining business less profitable.
(This will in turn make some operations no longer economically viable, dropping GPU demand)
Re:The GPU Sadness Index: Tracking eBay Pricing
by JohnJamesRambo on Sunday February 28, 2021 @01:53PM
(#26295965)
Well Ethereum has massive hash rate and is still mined on GPUs largely. No one mines btc on GPUs.
The mass mining farms don't give a shit about Ethereum. They literally mine whatever coin is most profitable to then be exchanged into Bitcoin. Everyone's going after BTC. There's a Bitcoin ATM in a service station convenience store near my house.
No one is going to give a shit when Ethereum moves to proof of stake, because they'll just switch to some other coin that still uses proof of work and thereby mines easily on their GPU farm and can then be exchanged for BTC.