This is coming and you will soon have any GPU want on ebay for nothing.
Inb4 someone tells me they will just mine something else. Nothing else is remotely able to handle the hashpower without crashing the price of the coin.
https://i.imgur.com/TBouXrK.jpg
That is a list of coins to mine sorted by exchange volume.
This is the exact forum to discuss this.
I can't wait till your kind of vitriol has no legs to stand on.
Climate change is more important than being excessively polite to you for years.
A) content with the progress given the existence of the beacon chain
B) don't care if the merge is delayed again, delayed indefinitely, or Proof of Work never gets turned off for some reason
so although its tempting to get defensive I guess my real response is "okay? I don't care."
>Simple division yields an estimate of 13.982 million GPUs mining Ethereum on April 16 2021.
>40 million graphic cards produced in 2020
It's just 1/3 of one year's production that could be freed if people don't move to other coins. Is that enough to crush the market?
[1] https://linustechtips.com/topic/1327701-honest-question-how-...
FPGAs were never big for mining. There was like 3 months in early Bitcoin where they people seriously tried deploying them but the simple fact is they are way too expensive from manufacturer markup for mining. And if you want to make your own you’ll just end up making an ASIC instead.
False dilemma.
They are proper nouns.
Beacon chain is simply the name of the network launched a bit over a year ago. It is likely intended to be named as an aspirational thing to move toward.
Mainnet is the network launched 7 years ago. Usually distinct from "test networks", testnet, and seen far beyond ethereum into all cryptocurrency networks, and inherited from the idea of test, development, staging and production environments seen in the best practices of all web projects in the broader tech sector.
This is an article about them merging.
What is "weird pretentious verbiage" about that? If there was anything odd it would be "the docking" and that article immediately says that was a former name, making it a moot point.
The chain names (e.g. "Beacon") are basically version codenames - think of them like the "Buster" in "Debian Buster".
"The Merge" is the (arbitrary) name they gave to a specific future event, because people like to be able to easily refer to things they're talking about. I assume the previous name was discarded due to political correctness.
Curious but it's hard to Google this. What was it?
very much a global tech startup!
0: https://twitter.com/greymon55/status/1418795735802425349?s=2...
Don't hold your breath...
Devil's advocate: won't a fork of Ethereum which keeps PoW be able to do exactly that? (for example, Ethereum Classic?)
You fundamentally misunderstand how mining works. Difficulty automatically increases if blocks are being mined at faster than the expected rate. Needing more GPUs to mine the same number of coins raises the price.
Ridiculous. Price is determined by how much people are willing to buy or sell it at, which they decide based on speculation. The amount of GPUs that will be put to the task of mining is dependent on price. Not the other way around.
I could create an alt coin that requires some arbitrarily large number of hashes to mine a single block and receive 1 coin as reward. Yet I cannot command a higher price for it, because no one wants to buy my coin.
First, you are ignoring that difficulty adjustments can happen downward too.
Second, you flipped the actually dynamic - the price swings dictate how much mining ends up being profitable, not the other way around.
You might have also confused the difficulty adjustments with the reward decreasing over time.
Thus, a coin that issues $50k worth of coin per day will have $50k/day worth of hash power. If difficulty goes above that, mining becomes unprofitable.
Intel is releasing their own graphics cards, which is neat. It's a good time to enter the market, for sure.