Post
Topic
Board Economics
Re: Actions against bitcoin miners would have greater consequences
by
NeuroticFish
on 18/10/2022, 20:32:07 UTC
One week ago we had ATH for Bitcoin hashrate. This doesn't look to me as "bitcoin miners already scaling down production".
I wonder if that's because of all the GPU miners who suddenly have nothing to mine profitably.  Is eBay flooded with used GPUs, and it is difficult to buy ASIC miners right now?  Just thinking out loud, but that seems like the logical thing to do for the bigger GPU miners, because it doesn't seem like anything's going to be profitable for quite a while.

Hasn't GPU mining for Bitcoin end because it no longer made sense in the competition with ASICs?
I mean that I thought that a GPU farm would just burn electricity with 0 chance to mine any bitcoin...
Unless there's something I'm missing, it's probably not the GPU farms doing this.

But what are the new advancements in ASIC manufacturing I don't know...