Re:GPU mining no longer profitable after Ethereum merge
by duskwuff on Friday September 16, 2022 @04:08PM
(#32871385)
Bitcoin mining all switched over to custom ASICs long ago, and is barely profitable even on that hardware. The GPUs that were used for Ethereum mining can't compete.
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Re:GPU mining no longer profitable after Ethereum merge
by wongarsu on Friday September 16, 2022 @06:29PM
(#32872852)
For some more background: bitcoin's POW is basically just sha256, which was trivial to port first to GPUs and then to custom hardware. That makes mining a bigger up-front investment and thus more centralized, which is why almost all later coins chose POWs that aren't easy to speed up with ASICs