News for hackers. Stuff that matters.

A comment on The Ethereum merge is done. Parent comment

Re:The Ethereum merge is done by throw1234651234 on Thursday September 15, 2022 @01:03PM (#32855078)
There are a 1000 other coins using GPUs for mining. E.g. "Ethereum Classic". Miners will switch to these. There are ETH ASICs btw, they just aren't as dominant as BTC AntMiner ASICs.
[ Parent | on HN ]
Re:The Ethereum merge is done by DennisP on Thursday September 15, 2022 @01:34PM (#32855577)
Yes but Ethereum accounted for 94% of GPU hashpower. The other coins can't absorb all that and stay profitable.

ETH ASICs weren't much better than just getting the latest GPU.

[ Parent | on HN ]