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this post was submitted on 29 Nov 2023
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Technology
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Source?
Edit: Multiple, independent sources have been provided. Thank you, Lemmy.
The first ASIC came out in 2013 https://www.coindesk.com/tech/2020/04/26/the-rise-of-asics-a-step-by-step-history-of-bitcoin-mining/
It was more profitable to mine alts in 2014 already, like Litecoin
The coin literally went from proof of work to proof of stake or some shit like that. All mining of ETH will no longer generate any value.
Source on the 10 year part?
Bitcoin has been mined on ASICs since 2013. GPUs are outclassed when it comes to specialized hardware. The Reddit classic of downvoting a completely correct comment has carried over to Lemmy I see.
I am over on kbin.social and upvotes and downvotes don't carry over instances, but on my end there are no downvotes at all in this whole thread. I am just stoned and thought that was interesting.
How do you access kbin.social?
On Memmy for iOS, downvotes were displayed by default. On Voyager for iOS, I had to enable downvotes in settings.
Are you me?
I didn’t downvote anything. I asked for a source.
But the Reddit classic of people taking everything as a person attack has carried over to Lemmy, I see.
Where did I say it was an attack? Now you're projecting. I just find it frustrating when someone is being downvoted for something that is verifiably true. It wasn't directed at you specifically.
I'm not the person you're asking either lol but I was curious so I poked around till I could find something. This says that the last time GPU mining for Bitcoin was 2014.
https://www.nicehash.com/blog/post/the-history-of-cryptocurrency-mining#!
This isn't an area I know like literally fucking anything about. So this was just me googling. I don't know how reliable this source is
Excellent source, thank you.
Edit: I’m being downvoted because I asked a guy for a source, he provided one, and I thanked him?
I’m so fucking done with you dipshits.
Here, have an upvote.
You're being downvoted making everyone else google an easy fact for you and then continuing to doubt
The point of asking for a source is to see the source that person is using. I’m also not continuing to doubt. The sources provided back up what the user said and provide validity.
But whatever, “do you own research” and all that.
Oh.
Lmao, you don't have to comment if you don't know what you're talking about
I’m sorry I commented on what I knew about, but I have no control over what the original poster said regarding GPUs, I don’t know what he meant by that either.
You got the sources you asked for, but your sentiment wasn't wholly off.
There are still other crypto being mined on video cards.
So if you dont think that's worthwhile for all crypto there's still a lot of waste
If you specifically don't like bitcoin, you'd need to see what the other projects using video cards do to make an informed decision
I don’t know that I had a sentiment, I just had a doubt and a lack of bias