Hacker News new | ask | show | jobs
by josalhor 1960 days ago
> But we are not in a crypto bubble now

In the last year bitcoin is over 200%. Litecoin is almost over 100% (in fact, since April it is over 200%). I have no horse in this race, but I am not sure I would call it "not a bubble".

4 comments

I meant this as "No GPU cyrpto mining bubble as no gpu mining takes place". Bitcoin and Litecoin are not mined with GPUs anymore.

I was under the impression that no one bought GPUs for mining anymore in general, as it's a waste of money compared to specialized hardware. During the last crypto bubble I noticed a lot of regular people building mining PCs, this time I noticed nothing of that sort. However, https://www.notebookcheck.net/New-financial-analysis-suggest... suggests I might have been wrong about that.

But there was a BTC halvening in May 2020 roughly doubling the amount of computing power required to mine same amount of coin. But I am not an expert on the mining economy so I have no idea if GPU mining is still a lucrative business.
It's a bubble with some room to go even higher. Obviously it's going to pop one day but not today.
Hasn't these shifted to mostly ASIC?
I think you meant to reply to another comment.