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There are a 1000 other coins using GPUs for mining. E.g. "Ethereum Classic". Miners will switch to these. There are ETH ASICs btw, they just aren't as dominant
by throw1234651234 4y ago
There are a 1000 other coins using GPUs for mining. E.g. "Ethereum Classic". Miners will switch to these. There are ETH ASICs btw, they just aren't as dominant as BTC AntMiner ASICs.
- DennisP 4y agoYes but Ethereum accounted for 94% of GPU hashpower. The other coins can't absorb all that and stay profitable. ETH ASICs weren't much better than just getting the latest GPU.