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Joined 2 years ago
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Cake day: December 31st, 2023

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  • Profitability of Bitcoin mining is dependent on the value of Bitcoin

    No it isn’t. It’s driven by the supply of miners and demand of transactions. Value of bitcoin is almost entirely independent

    ASICs, which are used to mine Bitcoin are using very different chips than modern GPUs. Ethereum is the one that affected the GPU market, and mining is no longer a thing for Ethereum

    A massive Bitcoin spike would not affect the GPU market in any appreciable way

    Crypto mining is pretty dumb, but misinformation helps no one