Since the last crash in 2019, however, this fad has largely died out and the overwhelming majority of hash power and payouts are now consolidated in Ethereum, and their core dev team is planning to jettison proof of work mining this year and GPUs will no longer be able to mine ETH. ![]() In the past, ICOs meant that many PoW coins were providing returns for miners. So, what we’re seeing now represents somewhat of a return to normal after the pandemic, with the following caveat: This is a completely unprecedented situation for GPU minersĮthereum now represents 97% of the total revenue paid out to GPU crypto miners.
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