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BTC GPU mining hasn't been profitable for years. ETH GPU mining (the main one) has gotten way less profitable recently and is scheduled to not be a thing in 6 m
by Tenoke 5y ago
BTC GPU mining hasn't been profitable for years. ETH GPU mining (the main one) has gotten way less profitable recently and is scheduled to not be a thing in 6 months to a year. The GPU demand for mining has already lessened in the last months and you can see decreased 2nd hand prices..
Every comment that blames BTC for chip shortages is likely largely incorrect and looking in the wrong place.
- Hjfrf 5y agoWhat do you think ASICs are made of?
- Tenoke 5y agoTSMC has Bitmain as a low-priority client, and the first one to be cut when demand is high like earlier this year[0]. Bitmain itself is having even bigger reduction in orders to TSMC currently[1] so again, that's the wrong place to look for increased chip demand. At any rate, I was mostly responding to claims about 'GPUs are profitable for mining' in the parent. 0. https://www.chinamoneynetwork.com/2021/03/05/tsmc-reportedly-limits-supply-to-bitcoin-mining-players-as-demand-surges-amid-crypto-frenzy https://www.chinamoneynetwork.com/2021/03/05/tsmc-reportedly... 1. https://techtaiwan.com/20210628/bitcoin-mining-rig-bitmain-tsmc/ https://techtaiwan.com/20210628/bitcoin-mining-rig-bitmain-t...
- serg_chernata 5y agoBut is TSMC producing these ASIC chips?
- Hjfrf 5y agoYes, but more generally they use the same raw materials.