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Sure it could happen (and probably will in some form). However unless it captures a siginficant fraction of ETH value it won't be worth much and in turn won't
by arlcode 4y ago
Sure it could happen (and probably will in some form).
However unless it captures a siginficant fraction of ETH value it won't be worth much and in turn won't be attractive to miners.
Right now ETH makes up 95+ percent of all GPU miner revenue and there aren't a lot of (successful) new POW coins these days.
I think the (GPU mining) market simply collapsing has a high likelihood.