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Good point, everyone was expecting GPU prices to go down and all crypto bros to drop their mining rigs, but they can just repurpose them now...
by XCSme 4mo ago
Good point, everyone was expecting GPU prices to go down and all crypto bros to drop their mining rigs, but they can just repurpose them now...
- scheme271 4mo agoI thought anyone serious about mining switched to ASICs and custom hardware a while ago. At least for BTC and maybe eth, a custom asic setup is ~2-3x more profitable
- ssl-3 4mo agoYep. You've got it right. BTC has been an ASIC game for a very long time. GPUs haven't been profitable there since the ASICs showed up a dozen or so years ago (with odd exceptions where power is "free"). Eth kept hitting the GPU market hard until ~4 years ago, when the network switched from proof-of-work to proof-of-stake. That cut the home-gamer hobbyist miners out rather completely. (That last one kind of sucked for me. When my office-room had resistive heating, I rather liked getting paid for my otherwise-idle GPU to make heat for me in the winter time. It wasn't much, but >0 is more than <0.)
- imtringued 4mo agoEthereum switched to proof of stake in 2022. The cryptocurrency inflicted GPU shortage began in 2017. You're talking about an event that is basically a decade ago at this point.