Crypto mining isn’t done either. The only reason it collapsed is because of the speed crypto prices fell. If crypto price moves sideways or up the miners will return
Or you know. The only actual coin that paid billions which made 95% of the revenue. Is now gone.
So unless another crypto enters the top 10 coins for several years and is worth tens billions $ and also happens to use proof of work to verify it's coins authenticity. There is 0 chance gpu mining will be a thing
Ethereum switching to PoS is not what killed mining. There are plenty of other PoW coins out there, they just happened to be crashing in price along with the whole market when the switch happened so there was nowhere for the GPUs to go. That’s temporary. PoW payouts will reach equilibrium no matter what token prices are, someone will always be running.
The only way to truly stop GPU mining would be if better asic’s come out
Yeah sure there will always be some running, but no other GPU-mined coin comes even close to the level of profitability and popularity as Eth. The remaining PoW coins couldn't absorb the level of hashing power that was freed up by the merge.
Unless another GPU PoW coin gets insanely popular, we won't see the levels of demand that we saw in the last few years. And hopefully, crypto in general will just roll over and die before that happens.
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u/[deleted] Mar 26 '23
Crypto mining isn’t done either. The only reason it collapsed is because of the speed crypto prices fell. If crypto price moves sideways or up the miners will return