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Bitcoin mining is powered by ASICs. Random shitcoins are not.

Random shitcoin mining surely isn't a large fraction of industrial GPU usage?

Not anymore, but around 10 years ago it absolutely was, because for a short period you could literally print money with them.

Ah, but any 10 year old GPU now is e-waste, not useful LLM hardware. So it might as well have been mining ASICs.