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by abrkn 1689 days ago
GPUs are not used for Bitcoin mining
2 comments

On Ebay I can find around a dozen people just in my local area trying to sell their mining rigs with stuff like 5 x 3070 cards: https://i.imgur.com/nI8GYsG.png

Graphics cards were definitely bought in stupid amounts for this purpose.

Maybe not for Bitcoin anymore, since there is specialized hardware now, but it doesn't really matter which proof-of-watts-per-hour cryptocurrency we're talking about. They're all shit and the planet would be better off without them.

GPUs haven't been profitable for bitcoin mining for ~8 years.

Only people who are rationally mining bitcoin with GPUs are those who don't pay for their own power.

Hashes per watt efficiency has risen very fast.

They’re not for Bitcoin. ASICS are used for mining Bitcoin, not GPUs. Notice which cryptocurrency they’re for.
Without bitcoin, there wouldn't be cryptocurrencies mined with GPUs.