Bitcoin mining becomes unprofitable as BTC price falls to average cost of mining

Re:Bitcoin mining becomes unprofitable as BTC price falls to... by droidist2 on Sunday June 19, 2022 @03:37AM (#31797110)

But people are always blaming crypto miners for the shortage of GPUs.

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Re:Bitcoin mining becomes unprofitable as BTC price falls to... by thematrixturtle on Sunday June 19, 2022 @03:44AM (#31797152)

ASIC are used for major cryptos like Bitcoin that can justify the design and fabrication costs. For random shitcoins, you need GPUs.

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Re:Bitcoin mining becomes unprofitable as BTC price falls to... by forgotpwd16 on Sunday June 19, 2022 @03:46AM (#31797167)

There're cryptocoins other than BTC. Ethereum and Monero are two that are popular and GPU profitable.

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Re:Bitcoin mining becomes unprofitable as BTC price falls to... by droidist2 on Sunday June 19, 2022 @06:33AM (#31798069)

Aren't all their prices pretty correlated though? When Bitcoin falls like this, the altcoins do too.

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Re:Bitcoin mining becomes unprofitable as BTC price falls to... by jstanley on Sunday June 19, 2022 @07:49AM (#31798436)

Even if there were a fixed peg between cryptocurrencies, that still wouldn't imply that GPU-mining BTC is just as good as GPU-mining other cryptocurrencies.

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