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> But we are not in a crypto bubble now In the last year bitcoin is over 200%. Litecoin is almost over 100% (in fact, since April it is over 200%). I have no h
by josalhor 6y ago
> But we are not in a crypto bubble now
In the last year bitcoin is over 200%. Litecoin is almost over 100% (in fact, since April it is over 200%). I have no horse in this race, but I am not sure I would call it "not a bubble".
- Jonnax 6y agoHasn't these shifted to mostly ASIC?
- josalhor 6y agoI think you meant to reply to another comment.
- imtringued 6y agoIt's a bubble with some room to go even higher. Obviously it's going to pop one day but not today.
- onli 6y agoI meant this as "No GPU cyrpto mining bubble as no gpu mining takes place". Bitcoin and Litecoin are not mined with GPUs anymore. I was under the impression that no one bought GPUs for mining anymore in general, as it's a waste of money compared to specialized hardware. During the last crypto bubble I noticed a lot of regular people building mining PCs, this time I noticed nothing of that sort. However, https://www.notebookcheck.net/New-financial-analysis-suggests-the-Nvidia-RTX-3000-ongoing-shortages-could-be-pinned-on-crypto-miners.506389.0.html https://www.notebookcheck.net/New-financial-analysis-suggest... suggests I might have been wrong about that.
- littlecranky67 6y agoBut there was a BTC halvening in May 2020 roughly doubling the amount of computing power required to mine same amount of coin. But I am not an expert on the mining economy so I have no idea if GPU mining is still a lucrative business.