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No, those people will move to a new coin
by Bombthecat 5y ago
No, those people will move to a new coin
- gzu 5y agoNo, you don't simply "move to a new coin". ETH is currently a 420B market cap and rewards GPU miners something on the order of 13,000 ETH a day conservatively (without fees). That's nearly 50m dollars a day or 1.5B dollars a month! The only "other coins" available to be mined with GPUs are tiny. Ethereum classic has only a 8B market cap, Ravencoin with 1B, then many sub 1B coins. https://www.kryptex.org/en/mining-calculator https://www.kryptex.org/en/mining-calculator
- MrBoomixer 5y agoWhat information do you have to backup that opinion?
- bobsmooth 5y agoThe owners of mining farms aren't going to just toss out their gpus.
- muttled 5y agoAs ETH is the biggest ship in the sea by far, they'll flood those other coins and subdivide a much smaller remaining market.