IT IS DONE. Behold, the end of an era.
bloomberg.com
If you've been holding out waiting for GPU prices to fall before you buy a new GPU, it looks like this might be your lucky day.
Ethereum has officially switched to proof-of-stake
Cooper Powell
Isaiah Harris
...
Kayden Evans
>GPU prices are about to plummet
Wait what? If it's no longer in a alpha stage then wouldn't that make it I don't know secure? If this is true then AMD and Nvidia will not be thrilled about it. Also is it just me of this kind of weird the timing of this to happen?
Xavier Diaz
what country are you from user?
Kayden Powell
Take a guess
Oliver Ward
took them long enough... i have no doubt in my mind that they will continue mining some other retarded shitcoin.
Nathan Harris
Doesn't matter, crypto is wire fraud. It's about to get the smackdown of a lifetime.
Jason Scott
>took them long enough
Being the first of its kind means its not long enough.
Gabriel Gonzalez
I hope GPU prices will go down because njudea has been speculating on them for too long and can't get away with it forever
Henry Barnes
Ethereum was not the first to use PoS
Carter Kelly
Its not just a PoS, its a energy reduction mechanism. 99% reduction in energy usage means the network as a whole can scale and be usable by average person without exorbant fees.
Luis Ramirez
>Queen dies
>King put in place
>Ethereum no more mining
>GPU galore
I can't handle all this one in 50 year events all at once.
Caleb James
>Oh boy I can't wait to swap mining crypto for profit for putting 32ETH in some system you can never get it back from in order get voting rights on a chain noone actually cares about except for getting rich on
Luis Cox
A more perfect commentary on the state of this shit I can't even imagine.
Dylan Reyes
scaling and fees have nothing to do with energy. also fees are the same and will continue to be
Bentley Jackson
people will just switch to the next currency they can generate instead.
Elijah Roberts
This is one old ass king so I wouldn’t count on that being so rare
Colton Scott
The catch is that ETH was the most profitable to mine, by far before this. On my computer with RTX 1080, I would get 2$ per day worth of ethereum, while all of the others would be below 1$
Jacob Cooper
doesn't matter.
if you're poor generating free money is always preferable to not. especially if you have access to multiple machines.
Jayden Price
Wonder how this will effect global electricity costs though
Jacob Brown
anything that isnt proof of work is a scam
Ryder Hall
If you are poor you don't even have a RTX 1080, let alone anything better, which would mean that mining crypto would probably cost more than it would produce, unless you somehow have free electricity
Easton Edwards
yes it matters because ROI time is now >200% of what it was before
Tyler Collins
you are not very well versed in other crypto projects or crypto in general, are you?