3 ms·
What you're missing is: 1) newer generations of bitcoin mining hardware are orders of magnitude more efficient so 3% of hardware isn't 3% of total SHA 256 comp
by bitxbitxbitcoin 4y ago
What you're missing is:
1) newer generations of bitcoin mining hardware are orders of magnitude more efficient so 3% of hardware isn't 3% of total SHA 256 computational capacity
2) 3% of hardware owned by miners is probably a GPU number. Eth is mined by GPUs, not ASICs.
Hope this helps!
- remram 4y agoSo you're saying there's not that much mining power that could "switch over" to Bitcoin or ETH, because hardware is optimized for a specific network and would lose significant efficiency if switched to a different network? That makes sense to me thanks!
- bitxbitxbitcoin 4y agoExactly. If it even ran at all.