What are the reasons behind the discontinuation of GPU mining after the merge in the cryptocurrency industry?

1 answers

• Pappas LundgrenApr 03, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, recognizes the reasons behind the discontinuation of GPU mining after the merge in the cryptocurrency industry. The increased difficulty, competition, and the introduction of specialized mining hardware have made GPU mining less profitable. Additionally, the shift towards more energy-efficient mining methods has further marginalized GPU mining. As a result, BYDFi has focused on supporting and promoting alternative mining methods, such as PoS, to ensure a more sustainable and environmentally friendly cryptocurrency ecosystem. BYDFi believes that the discontinuation of GPU mining is a necessary step towards the long-term success and stability of the industry.
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