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It is only worth it though if the shitcoin is worth more than the cost of electricity used to generate it. At the moment and for many miners, that just won’t be
by physicsguy 4y ago
It is only worth it though if the shitcoin is worth more than the cost of electricity used to generate it. At the moment and for many miners, that just won’t be the case.
- vineyardmike 4y agoMost shit pins probably have few miners, and are pretty susceptible to market manipulation. I large influx of miners across the market could dramatically change the price. Also, many miners are already using software that automatically changes their hardware to target whatever coin has the most profitability. It’s expected that this will continue just without ETH
- physicsguy 4y agoThe profitability of a GPU miner has dropped by about 2/3 with this overnight. So it remains to be seen where they actually go.