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Na. Bitcoin and Ethereum make up 60% of the total cryptocurrency "market cap" and a good chunk of the remainder are USD stablecoins that run on top of a base ch
by anonporridge 4y ago
Na. Bitcoin and Ethereum make up 60% of the total cryptocurrency "market cap" and a good chunk of the remainder are USD stablecoins that run on top of a base chain with no mining itself.
The next most valuable proof of work coin at <1% of the total market value is dogecoin, and that's already long been using ASIC miners like bitcoin.
Unless Ethereum miners forcibly maintain a PoW fork or try to pump up Ethereum Classic back into the spotlight, GPU mining might finally be effectively dead.
As many people have said for years, there's only room on this planet for one proof of work chain, and it's bitcoin. All other use cases with be proof of stake, or sidechains and layer twos of some base chain.
- jahewson 4y agoEek, thanks for the stats, I didn’t realise it was that lopsided. Maybe I’ll be able to afford a GPU again!
- anonporridge 4y agoYeah. Ethereum has been the bane of home PC gaming for years now. It would have been nice if they had at least moved to purpose made ASICs, like bitcoin had the decency to do.