Post
Topic
Board Economics
Re: Will Crypto Mining Become Obsolete? - Recent Reports Show Its Decline
by
jseverson
on 30/08/2018, 07:41:57 UTC
Bitcoin prices have plummeted and people are pulling out

Nope. This suggests that demand for GPU mining is going down. It has nothing to do with Bitcoin, which can't be mined with GPUs anymore. The altcoin market is suffering alongside the demand for their mining equipment.

Mining is declining

For altcoins, you're probably right. Bitcoin mining is as popular as ever though. In fact, the hashrate has recently recorded all all time high.