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It hasn’t been profitable to mine with GPUs for years now…
by futurecat 2y ago
It hasn’t been profitable to mine with GPUs for years now…
- seper8 2y agoDepends entirely on what you paid for the GPU's and the energy.
- 15155 2y agoA 4090 can do tens of GH/s on SHA256D (BTC) for a substantial capital investment and 300W - other GPUs substantially less. A $10 ASIC can do >500 GH/s for 5W. If you possess these GPUs, at any energy price it becomes orders of magnitude more cost-effective to mine something else, rent for LLM uses, etc. and then just buy Bitcoin.
- djohnston 2y agoI thought ASICS only worked on certain protocols like BTC, whereas ETH was implemented to intentionally limit their utility and require more general purpose hardware. Is that false?
- 15155 2y agoBTC ASICs only work on BTC. ETH no longer operates using proof-of-work, all of this equipment moved to other coins (many of them using the same algorithm.)