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Its difficult to calculate exactly the % of GPU miners that are mining Ethereum, amongst all possible choices. My estimate is 50% - 90%. (Maybe someone can repl
by ArkanExplorer 5y ago
Its difficult to calculate exactly the % of GPU miners that are mining Ethereum, amongst all possible choices. My estimate is 50% - 90%. (Maybe someone can reply with better data?)
When Ethereum can no longer be mined, the returns on mining the remaining 'altcoins' will fall equal to the level of new mining power that enters.
Which might very well make GPU mining uneconomical across the board.
- josefresco 5y ago> the returns on mining the remaining 'altcoins' will fall equal to the level of new mining power that enters. Can you expand on this?
- ArkanExplorer 5y agoAll of the people currently mining Ethereum will switch to mining other coins. But, the mining rewards for those other coins are typically static. So you'll have a dramatically increased number of GPUs chasing the same number of coins - which is going to result in increased mining difficulty and reduced profits, potentially dramatically reduced.