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PC gamers spend 92% of their time on older games, oh and there are apparently 908 million of us now (www.pcgamer.com)

submitted 6 days ago by [email protected] to c/[email protected]

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[–] [email protected] 14 points 5 days ago* (last edited 5 days ago) (7 children)

Bitcoin switched to industrial ASICs a long time ago, and Ethereum has completely moved away from proof-of-work mining in 2022, see: https://ethereum.org/en/roadmap/merge/

The Merge was executed on September 15, 2022. This completed Ethereum's transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.

GPU mining is pretty much completely dead because after Ethereum switched the yields on everything else tanked, no one mines with GPUs anymore, at least not for any major blockchain. GPUs are mainly being used with AI now

[–] [email protected] 4 points 5 days ago (4 children)

The Merge was executed on September 15, 2022. This completed Ethereum’s transition to proof-of-stake consensus, officially deprecating proof-of-work and reducing energy consumption by ~99.95%.

I don't follow crypto trends so I hadn't heard about this either.

I had to look up proof-of-stake, and for Ethereum apparently is required to stake 32 coins to operate a node. Another google search shows me a single Ethereum coin is just north of $2k USD. So someone mining Etherium today needs to have more than $64k if Etherium to even run a node now?!

[–] [email protected] 3 points 5 days ago (1 children)

Pay to play baby! Let's reinvent the banking system by doing the same exact shit.

[–] [email protected] 1 points 5 days ago

Not really to be honest, the power is in the decentralization, permissionless and opensource nature of the system. You can't get that out of the traditional system

Of course not all networks are the same and there are always shit ones out there that compromise on those tenets, but if you do your due dilligence, you will see there is value in some of them

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