4 ms·

Why?

• fleddr 5y ago
  Because Bitcoin is mined on ASICs. It's not a graphics card, instead a single chip optimized for one function only: mining (by generating hashes). GPU based mining is mostly done to mine Ether. Ether will switch to Proof of Stake somewhere in the next 1-2 years, after which the competition between gamers and miners for GPUs will end.
  • marktangotango 5y ago
    That's the optimistic outcome, the pessimistic outcome is the miners will fork "eth-classic" and keep going. It's up to the reader to decide which is most likely, or both.
    • StillBored 5y ago
      Or they will move to some other coin that is rising in popularity and doesn't have GPU resistance built in. The latter is something that feels like a negative these days if you want a lot of buzz about some new crypto tokens...
    • fleddr 5y ago
      My understanding is that miners are on board with the new Proof of Stake system of ETH 2. Holders even more, as it will reward ETH to ETH holders.
• Zpalmtree 5y ago
  You could mine bitcoin on them, but it would be so inefficient compared to ASICs which can hash many magnitudes faster, you would have an astronomically small chance of mining a block.