- Aug 25, 2001
Let's look at this picture semi-realistically. While earnings for mining ETH may take a hit in July due to EIP-1559, other up-and-coming coins such as Ravencoin (KAWPOW on NH), and Conflux (Octopus on NH) may "sustain" the mining boom. Also, BTC and ETC are up WAY higher than they were in 2017, and highly unlikely to drop down to "unprofitable" levels again. Not to mention, actual silicon and component / substrate supply shortages means that, at least in the near term of the next few years, GPU mfg is unlikely to keep up with gamer demand, nevermind mining. And the rise of "botting and scalping" - when attempting to purchase the few GPUs that come up, you're most likely not even competing with humans for those cards.