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They're ASICs. GPUs haven't been used for BTC mining in a long time.

by icelancer 4y ago

droidist2 4y ago
But people are always blaming crypto miners for the shortage of GPUs.
- thematrixturtle 4y ago
  ASIC are used for major cryptos like Bitcoin that can justify the design and fabrication costs. For random shitcoins, you need GPUs.
- forgotpwd16 4y ago
  There're cryptocoins other than BTC. Ethereum and Monero are two that are popular and GPU profitable.
  - droidist2 4y ago
    Aren't all their prices pretty correlated though? When Bitcoin falls like this, the altcoins do too.
    - jstanley 4y ago
      Even if there were a fixed peg between cryptocurrencies, that still wouldn't imply that GPU-mining BTC is just as good as GPU-mining other cryptocurrencies.
ChuckNorris89 4y ago
>GPUs haven't been used for BTC mining in a long time. False. For westerners who have to pay market price on electricity that's true, but GPUs have still been used in geographic areas where dirty energy is super cheap of even free for the right connected people (China, Iran, Russia and former Soviet republics, disputed conflict zones in former Yugoslav states, etc.) That's also where most of the mining is still happening.
- renonce 4y ago
  GPUs are being used to mine ETH, not BTC. Hashrate by GPU cards on BTC is tiny compared to ASIC. It takes literally 1000x more power and 1000x the cost at the same hashrate.
- shawabawa3 4y ago
  This is just not true Other coins are minable with GPUs (because their algorithm was purposely designed to be ASIC resistant) But bitcoin has been exclusively ASIC mined since probably 2013 at least Even with free electricity and stolen GPUs you cannot profitably mine bitcoin (you'd get a fraction of a penny a month, less than the cost of simply storing a gpu)
  - icelancer 4y ago
    >> Even with free electricity and stolen GPUs you cannot profitably mine bitcoin (you'd get a fraction of a penny a month, less than the cost of simply storing a gpu) And even if you could mine it profitably, you would be better off mining the worst shitcoin instead, much less a reasonable alternative like ETH or RVN.
- caymanjim 4y ago
  No one smart enough to mine BTC is dumb enough to use GPUs for it, regardless of the price of electricity. If electricity is so cheap that there's profit to be made from GPU mining, the profit would be astronomically higher with ASIC mining.
  - DeathArrow 4y ago
    >No one smart enough to mine BTC is dumb enough to use GPUs for it How much intelligence is required to mine bitcoins?
- irusensei 4y ago
  > That's also where most of the mining is still happening. Not true. Almost 40% of the hashrate is being generated from the US. https://ccaf.io/cbeci/mining_map https://ccaf.io/cbeci/mining_map

They're ASICs. GPUs haven't been used for BTC mining in a long time.

droidist2 4y ago

But people are always blaming crypto miners for the shortage of GPUs.

thematrixturtle 4y ago
ASIC are used for major cryptos like Bitcoin that can justify the design and fabrication costs. For random shitcoins, you need GPUs.
forgotpwd16 4y ago
There're cryptocoins other than BTC. Ethereum and Monero are two that are popular and GPU profitable.
- droidist2 4y ago
  Aren't all their prices pretty correlated though? When Bitcoin falls like this, the altcoins do too.
  - jstanley 4y ago
    Even if there were a fixed peg between cryptocurrencies, that still wouldn't imply that GPU-mining BTC is just as good as GPU-mining other cryptocurrencies.

ChuckNorris89 4y ago

>GPUs haven't been used for BTC mining in a long time. False. For westerners who have to pay market price on electricity that's true, but GPUs have still been used in geographic areas where dirty energy is super cheap of even free for the right connected people (China, Iran, Russia and former Soviet republics, disputed conflict zones in former Yugoslav states, etc.) That's also where most of the mining is still happening.

renonce 4y ago
GPUs are being used to mine ETH, not BTC. Hashrate by GPU cards on BTC is tiny compared to ASIC. It takes literally 1000x more power and 1000x the cost at the same hashrate.
shawabawa3 4y ago
This is just not true Other coins are minable with GPUs (because their algorithm was purposely designed to be ASIC resistant) But bitcoin has been exclusively ASIC mined since probably 2013 at least Even with free electricity and stolen GPUs you cannot profitably mine bitcoin (you'd get a fraction of a penny a month, less than the cost of simply storing a gpu)
- icelancer 4y ago
  >> Even with free electricity and stolen GPUs you cannot profitably mine bitcoin (you'd get a fraction of a penny a month, less than the cost of simply storing a gpu) And even if you could mine it profitably, you would be better off mining the worst shitcoin instead, much less a reasonable alternative like ETH or RVN.
caymanjim 4y ago
No one smart enough to mine BTC is dumb enough to use GPUs for it, regardless of the price of electricity. If electricity is so cheap that there's profit to be made from GPU mining, the profit would be astronomically higher with ASIC mining.
- DeathArrow 4y ago
  >No one smart enough to mine BTC is dumb enough to use GPUs for it How much intelligence is required to mine bitcoins?
irusensei 4y ago
> That's also where most of the mining is still happening. Not true. Almost 40% of the hashrate is being generated from the US. https://ccaf.io/cbeci/mining_map https://ccaf.io/cbeci/mining_map