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• Blue_Morpho@lemmy.world ⁨1⁩ ⁨month⁩ ago

  Bitcoin trashed the GPU market before moving on to Asics. Then other coins kept going on GPUs.

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  • T156@lemmy.world ⁨1⁩ ⁨month⁩ ago

    Hasn’t bitcoin not been viable on GPUs for over a decade? Most of the cryptocurrency hype was mining other coins on GPUs, or using them to do blockchain calculations for NFTs and things.

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  • Natanael@infosec.pub ⁨1⁩ ⁨month⁩ ago

    That was barely a year or two. Bitcoin wasn’t very popular globally speaking when the first ASICs already was in development, and in between the two there was FPGA mining

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  • YiddishMcSquidish@lemmy.today ⁨1⁩ ⁨month⁩ ago

    Til. I’ve only ever seen the application specific boards for Bitcoin.

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• SnotFlickerman@lemmy.blahaj.zone ⁨1⁩ ⁨month⁩ ago

  Which is even sadder because Ethereum has always been a trash coin.

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  • percent@infosec.pub ⁨1⁩ ⁨month⁩ ago

    Why? And which coins are good?

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    • 3abas@lemmy.world ⁨1⁩ ⁨month⁩ ago

      Ethereum formally introduced the concept of smart contracts, and they had serious potential for modernizing financial contracts and push back an entire predatory industry of leechers, but instead it was used to create meme-coins and scam coins and ruined it all.

      It’s move to proof of stake instead of proof of work dramatically reduced its energy usage, and makes it a actually scalable, but the masses lost interest when they couldn’t just make money off a few GPUs and turned to the aforementioned shit-coins built on the Ethereum network.

      Ethereum is not bad, it’s one of the better ones. It’s just kind of responsible for the explosion of shit/scam coins, because people are shitty scammers.

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      • Kushan@lemmy.world ⁨1⁩ ⁨month⁩ ago

        The explosion of scam coins was basically inevitable, it’s what you get with zero regulation.

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      • Wispy2891@lemmy.world ⁨1⁩ ⁨month⁩ ago

        The shitcoins were a thing also without ethereum, there was even a shitcoin generator website, pay 0.1 BTC (when it was worth like $100), upload your icon, choose the name, and download the compiled clients for mining that shit

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      • Knock_Knock_Lemmy_In@lemmy.world ⁨1⁩ ⁨month⁩ ago

        the masses lost interest when they couldn’t just make money off a few GPUs and turned to the aforementioned shit-coins built on the Ethereum network.

        Most of the shit meme coins are on Solana.

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