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A comment on Lumber crash leads to 'blowout' sales as prices crater. Parent comment

Re:Lumber crash leads to 'blowout' sales as prices crater by Bombthecat on Thursday September 16, 2021 @03:42AM (#28549143)
No, those people will move to a new coin
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Re:Lumber crash leads to 'blowout' sales as prices crater by gzu on Thursday September 16, 2021 @07:31AM (#28550384)
No, you don't simply "move to a new coin". ETH is currently a 420B market cap and rewards GPU miners something on the order of 13,000 ETH a day conservatively (without fees). That's nearly 50m dollars a day or 1.5B dollars a month!

The only "other coins" available to be mined with GPUs are tiny. Ethereum classic has only a 8B market cap, Ravencoin with 1B, then many sub 1B coins.

https://www.kryptex.org/en/mining-calculator

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Re:Lumber crash leads to 'blowout' sales as prices crater by MrBoomixer on Thursday September 16, 2021 @07:45AM (#28550473)
What information do you have to backup that opinion?
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Re:Lumber crash leads to 'blowout' sales as prices crater by bobsmooth on Thursday September 16, 2021 @12:44PM (#28554041)
The owners of mining farms aren't going to just toss out their gpus.
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Re:Lumber crash leads to 'blowout' sales as prices crater by muttled on Thursday September 16, 2021 @10:48AM (#28552524)
As ETH is the biggest ship in the sea by far, they'll flood those other coins and subdivide a much smaller remaining market.
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