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Comment by spir

Note that Ethereum is switching to proof of stake this year, almost surely before Q4. It's true that this upgrade has been coming for years, and it's also true that it's actually arriving this year (if interested, see https://eth2.news).

After Ethereum switches to proof of stake, global demand for GPUs will plummet as GPUs are uncompetitive for BTC mining, and beyond BTC, ETH is by far the largest remaining proof of work coin.

parent spir 4 years ago

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