Post
Topic
Board Mining (Altcoins)
Re: Ethereum Fork/Block Reward Reduction Kills GPU Mining Profitability
by
posi
on 06/03/2019, 15:02:03 UTC

Unfortunately, Ethereum DID NOT implement ProgPoW which is a newer mining algorithm designed to put ASIC and GPU miners on a leveled playing field. Ethereum current mining algorithm is dominated by ASIC miners as well as FPGA miners -- and of course remaining GPU miners. Ethereum is the coin that really ushered in the mining gold rush of 2017 and early 2018.


The ethereum new fork due lead to reduction of the mining rewards but we know ethereum was decentralized project and if the miners don't supported the reduction the fork wont have take place in the first place. However, I checked some of their roadmap and nothing was mentioned concerning  ASIC and GPU miners been on a leveled playing field.