How has GPU mining changed since Ethereum?

3 answers

• Nov 26, 2021 · 3 years ago
  Since the launch of Ethereum, GPU mining has experienced several notable changes. Initially, Ethereum's mining algorithm, Ethash, was designed to be ASIC-resistant, which made GPU mining the most profitable option. However, as time passed, specialized mining hardware known as ASICs started to emerge, making GPU mining less profitable for Ethereum. Miners had to adapt by switching to other cryptocurrencies that were still ASIC-resistant or by joining mining pools to increase their chances of earning rewards. Additionally, the introduction of Ethereum 2.0, which will transition from proof-of-work to proof-of-stake, will render GPU mining obsolete for Ethereum. This has led to a decline in GPU mining for Ethereum and a shift towards other cryptocurrencies that still rely on GPU mining.
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• Nov 26, 2021 · 3 years ago
  GPU mining has undergone significant changes since Ethereum's inception. Initially, GPU mining was highly profitable due to Ethereum's ASIC-resistant algorithm. However, with the emergence of ASICs, GPU mining for Ethereum has become less profitable. Miners have had to explore alternative cryptocurrencies that are still ASIC-resistant or switch to other mining methods. Furthermore, the upcoming Ethereum 2.0 upgrade will transition to proof-of-stake, eliminating the need for GPU mining altogether. As a result, miners have shifted their focus to other cryptocurrencies that still rely on GPU mining for consensus.
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• Nov 26, 2021 · 3 years ago
  Since Ethereum's introduction, GPU mining has witnessed a series of transformations. Initially, Ethereum's Ethash algorithm provided a level playing field for GPU miners, allowing them to profitably mine Ethereum. However, the rise of ASICs has disrupted this equilibrium, making GPU mining less lucrative for Ethereum. As a response, miners have diversified their mining efforts by exploring other ASIC-resistant cryptocurrencies or by joining mining pools to increase their chances of earning rewards. Moreover, the upcoming Ethereum 2.0 upgrade, which will introduce proof-of-stake, will render GPU mining obsolete for Ethereum. Consequently, miners have shifted their attention to alternative cryptocurrencies that still rely on GPU mining for consensus.
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