BTC Hashrate dropped another 27% down ~62% form peak now at 2019 levels

Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by itstomkent on Monday June 28, 2021 @06:51AM (#27660185)

Hey maybe I might be able to finally get a dang graphics card for my (formerly) new computer after failing to secure one for over 9 months now :-)

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by krzyk on Monday June 28, 2021 @06:53AM (#27660202)

Not that coin :) (Etherum is on GPUs but bitcoin on ASICs mostly)

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by magnat on Monday June 28, 2021 @07:07AM (#27660304)

Ethereum hashrate dropped by 20% in last month, too.

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by adtac on Monday June 28, 2021 @07:03AM (#27660275)

so what happens to the unused ASICs?

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by vidarh on Monday June 28, 2021 @07:58AM (#27660700)

Being shipped elsewhere. At least two Chinese miners have shipped a bunch to Kazakhstan.

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by JBorrow on Monday June 28, 2021 @07:06AM (#27660293)

Landfill

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by foepys on Monday June 28, 2021 @07:08AM (#27660308)

Trash or being sold to other miners. Most likely trash, though.

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by cm2187 on Monday June 28, 2021 @07:40AM (#27660543)

Not just graphic cards. I had to wait 3 month to source an AMD CPU. Aren’t they manufactured in the same fabs than GPUs? And still waiting for the ps5 to go back in stock!

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by asenna on Monday June 28, 2021 @09:40AM (#27661818)

The real change will happen when Ethereum moves to PoS and overnight turns off PoW mining. It is estimated to happen by end of this year or Q1 2022.

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by tracedddd on Monday June 28, 2021 @12:15PM (#27663786)

It was estimated to happen in Q1 2019, too. It looks more promising this time but I wouldn’t put much faith in Ethereum timelines.

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Re:BTC Hashrate dropped another 27% down ~62% form peak now ... by asenna on Monday June 28, 2021 @04:42PM (#27667818)

Q1 2019, there was no Beacon chain running. They're pretty much live already but only running the skeleton chain to make sure such a sensitive system is given time to test and work out the kinks.

Given that the beacon chain has been running since December 2020 and people have locked in billions of $ worth of ETH, highly unlikely the switch will get delayed by long time now.

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