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by hackermailman 3274 days ago
This article can be summed up by the bottom page quote “Prices right now aren’t being driven by network usage, they’re being driven by speculation that tokens are going to appreciate. It’s a gold-rush mentality.”

Also everytime I see yet another Ethereum story I think of http://www.paulgraham.com/submarine.html

1 comments

Apparently GPU prices are being distorted by this gold rush. Gamer forums are learning what Etherium is these days.
And then Ethereum is going to go POS and there won't be mining anymore. They'll move on to other GPU-mineable coins and the ecosystem will continue to grow :).

BTW: Asus is making mining specific graphic cards to try and relieve the pressure on gaming cards - 10k minimum order.

Believe it when I see it. PoW is the only consensus mechanism with a track record right now.