News Bitcoin Hashrate Rebounds After China's Mining Operations Were Shutdown

[Admin]

Bitcoin's hashrate is rising to meet the peak set in mid-May before the Chinese government started to shut down mines.

Bitcoin Hashrate Rebounds After China's Mining Operations Were Shutdown : Read more

 

[Integr8d]

Hmmm… Even China couldn’t stop it.

 

[Geezer760]

Why can't they just make a GPU for just gaming and a GPU for just mining?

 

[watzupken]

Hmmm… Even China couldn’t stop it.

How can a single country stop it just by means of banning it on their shores? In this case, the rebound is to be expected because big time miners that got "evicted" out of China will quickly set up shop in another low cost location to continue mining. Given the high price of Bitcoin/ cryptocurrencies, there is a lot of incentive to quickly pick up the slack. And big time miners have the financial backing to quickly relocate.

 

[watzupken]

Why can't they just make a GPU for just gaming and a GPU for just mining?

Isn't this what Nvidia is trying to do? But realistically, do you think that really helps? Say if 100 GPU comes out of the factory, part of it goes to gamers and part of it to miners. At the end of the day, its a zero sum game. So if Nvidia chooses to allocate 70 to 80% to miners because they earn more, that leaves gamers with just 20 to 30% of the GPUs.

 

[TJ Hooker]

Why can't they just make a GPU for just gaming and a GPU for just mining?

In the case of bitcoin, they are already using custom mining ASICs, rather than GPUs.

 

[Geezer760]

Isn't this what Nvidia is trying to do? But realistically, do you think that really helps? Say if 100 GPU comes out of the factory, part of it goes to gamers and part of it to miners. At the end of the day, its a zero sum game. So if Nvidia chooses to allocate 70 to 80% to miners because they earn more, that leaves gamers with just 20 to 30% of the GPUs.

So in other words what your really saying is gamers are screwed.