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This article can be summed up by the bottom page quote “Prices right now aren’t being driven by network usage, they’re being driven by speculation that tokens a
by hackermailman 9y ago
This article can be summed up by the bottom page quote “Prices right now aren’t being driven by network usage, they’re being driven by speculation that tokens are going to appreciate. It’s a gold-rush mentality.”
Also everytime I see yet another Ethereum story I think of http://www.paulgraham.com/submarine.html http://www.paulgraham.com/submarine.html
- toufka 9y agoApparently GPU prices are being distorted by this gold rush. Gamer forums are learning what Etherium is these days.
- bitxbitxbitcoin 9y agoAnd then Ethereum is going to go POS and there won't be mining anymore. They'll move on to other GPU-mineable coins and the ecosystem will continue to grow :). BTW: Asus is making mining specific graphic cards to try and relieve the pressure on gaming cards - 10k minimum order.
- hossbeast 9y agoBelieve it when I see it. PoW is the only consensus mechanism with a track record right now.