[PCGamer] Ethereum won't ditch GPU cryptocurrency mining until much later in the year

[Space Lynx]

Ethereum won't ditch GPU cryptocurrency mining until much later in the year

Seems like Ethereum won't be moving to proof-of-stake just yet.

www.pcgamer.com

On Tuesday, ethereum core developer, Tim Beiko, confirmed on Twitter that the much-anticipated Ethereum Merge will be delayed from June to a "few months after" according to the tweet (via CoinDesk).

Who knew? Who knew?

What a fucking joke. All because of World of Warcraft nerfed a character in a patch this shit is never going to end... what a fucking joke our species is. LMAO

Sauce

NFT mastermind says he created Ethereum because Warcraft nerfed his character

WoW patch 3.1.0 made him ‘realize what horrors centralized services can bring’

www.polygon.com

 

[Selaya]

looks like they still havent managed to sell off all their ETHs (yet).

oof.

 

[R-T-B]

I don't get it myself. The livetest went well, and this news is not helping eth price. I wish they'd just hurry it up, both from an investor perspective and as a citizen of the planet.

It doesn't matter much though ultimately. Mining is presently heading towards a slump and I'm certain they will have transitioned before the next mining bull run has any potential.

 

[Space Lynx]

its more as im just not sure i care anymore. mine away. who gives aflying fuck about anything anymore. speaking of which, my latest health insurance denied my medicine again even though my doctor says i need it LOL

what a fucking joke all of it is

 

[Kapone33]

Nicehash is all I am going to say. It pays people in Bitcoin to mine ETH.

 

[ir_cow]

Lol it will be delayed until 2030 at this rate. The team must realize that the coin support will radically drop off once it transitions. Only thing keeping this $hcoin a float is gpu mining.

 

[mb194dc]

One word: Worthless.

 

[trog100]

i expected it to get delayed.. i cant say why but i just did..

trog

 

[R-T-B]

Lol it will be delayed until 2030 at this rate. The team must realize that the coin support will radically drop off once it transitions. Only thing keeping this $hcoin a float is gpu mining.

It supports a lot of other coins, pretty much the majority of them actually. I don't see it caving like that as such.

 

[MentalAcetylide]

its more as im just not sure i care anymore. mine away. who gives aflying fuck about anything anymore. speaking of which, my latest health insurance denied my medicine again even though my doctor says i need it LOL

what a fucking joke all of it is

That's when you take it to arbitration, if possible, or sic the government on them. Some of these health insurance companies don't seem to understand that denying someone coverage of a few hundred or thousand dollars in medicine could mean said insurance company will end up paying a few hundred thousand dollars later on down the road; and at the worst, end up paying out a multi-million dollar settlement in a wrongful death lawsuit.

 

[Space Lynx]

This is the most illogical and wildly inaccurate thing I've ever read about crypto. Let me hand you a medal, sir!

oh is it? World of Warcraft nerfs your character so you go batshit crazy and say centralized everything is evil, so you make something that destroys the planets climate even further with gpu mining... yeah cause decentralized healthcare has worked out great for our society... while Australians and other first world countries with centralized healthcare love their healthcare and prosper as a society because of it...

god forbid though... World of Warcraft shows the dangers of a centralized system!!!! ooooo aaaaaaa


enjoy paying taxes on your decentralized shit...

 

[chrcoluk]

This was originally announced to happen back when I had my 1070s, it will get delayed for infinity.

 

[Testsubject01]

I don't get it myself. The livetest went well, and this news is not helping eth price. I wish they'd just hurry it up, both from an investor perspective and as a citizen of the planet.

Currently, they are more or less the only reason for “viable” GPU mining and high GPU pricing, even though it is heading in the direction of a downwards spiral at the moment.
They quietly changed the ETA of the merge twice on the webpage in recent months, wouldn't be surprised if hands are getting greased by now. After all, the crypto market grew to a multi-billion dollar “investment venture” in the past decade.

 

[Vayra86]

oh is it? World of Warcraft nerfs your character so you go batshit crazy and say centralized everything is evil, so you make something that destroys the planets climate even further with gpu mining... yeah cause decentralized healthcare has worked out great for our society... while Australians and other first world countries with centralized healthcare love their healthcare and prosper as a society because of it...

god forbid though... World of Warcraft shows the dangers of a centralized system!!!! ooooo aaaaaaa


enjoy paying taxes on your decentralized shit...

But its not Ethereum where crypto and mining originated, so what's the connection between WoW and the self applied apocalypse all about then? If anything you could defend the idea Ethereum is furthest, allegedly, in reducing the impact. If that's what you choose to believe, because honestly, I'm not so sure it'll ever come to pass.

 

[R-T-B]

Currently, they are more or less the only reason for “viable” GPU mining and high GPU pricing, even though it is heading in the direction of a downwards spiral at the moment.

They are a factor (a big one) but hardly the only reason.

I'm well aware of the history.

 

[caroline!]

Can't wait for government to get desperate some more and tax the living fuck out of crypto even more, its going to be to great to watch the great selloff.

people in third world hellholes trying to survive one more day thanks to crypto reading this:

It's easy for americans and europeans to say crypto is shit and a joke because they earn inxs of $5-6k a month, they can use it to gamble a couple hundreds and maybe get some small profits but that's about it, if they want big money they just go to stocks trading as their financial systems are relatively stable and don't have 60% inflation/mo, wish I could say the same about crypto, at first I also thought it was just a meme coin but then I saw my profits and realised I had literally a fourfold increase in my income when BTC hit 50K, at that point my job was paying me about $100 a month, but also what I made with crypto in just a week just by mining, no trading at all. Having $100 a month is definitely not the same as $500 a month, not even qualified engineers earn that much in my country so that's why they choose to leave for western europe or america. When I saw the big dump coming I traded mostly everything for stable tokens and also some Euro cash in the black market.

Crypto was a game changer for me, of course I wasn't dumb enough to say "hurr durr gonna leave my job and live off trading XD" like others did because I know how prices fluctuate, but still, it's not as bad as living through a constant hyperinflation and needing a wheelbarrow of cash to get a pack of gum.

There's still P2P but it's tru underground and only for the most 1337 h4x0r5, not everyone can operate there as you often need hardware wallets, encryption codes, etc.
normie exchanges are THE SAME as regularl banks, it's ridiculous to say ETH or just surface level crypto in general -including shitcoins- is decentralised, the truth is corporations and governments have ruined crypto and are forcing users to prostitute themselves to KYC/AML and using smartphone apps to gather all of their sweet data, as always, for "security" reasons, heh... if it's not the oldest excuse in the world.

 

[Sandbo]

It’s probably redundant to say “in the year”.”

 

[Mac the Geek]

In April 2022, Ethereum proof-of-stake is roughly "six months away".
Six months ago, Ethereum proof-of-stake was roughly "six months away".
Twelve months ago, Ethereum proof-of-stake was roughly "six months away".
Eighteen months ago, Ethereum proof-of-stake was roughly "six months away".

Gosh, I wonder if there's a pattern developing here...

 

[R-T-B]

Gosh, I wonder if there's a pattern developing here...

The last two aren't true at all. They only started pushing the "this year" thing in early 2022.

Before that, the last missed deadline was YEARS ago.

Not that their rep is solid, but let's stick to some factual information, yeah?

 

[Vayra86]

people in third world hellholes trying to survive one more day thanks to crypto reading this:

It's easy for americans and europeans to say crypto is shit and a joke because they earn inxs of $5-6k a month, they can use it to gamble a couple hundreds and maybe get some small profits but that's about it, if they want big money they just go to stocks trading as their financial systems are relatively stable and don't have 60% inflation/mo, wish I could say the same about crypto, at first I also thought it was just a meme coin but then I saw my profits and realised I had literally a fourfold increase in my income when BTC hit 50K, at that point my job was paying me about $100 a month, but also what I made with crypto in just a week just by mining, no trading at all. Having $100 a month is definitely not the same as $500 a month, not even qualified engineers earn that much in my country so that's why they choose to leave for western europe or america. When I saw the big dump coming I traded mostly everything for stable tokens and also some Euro cash in the black market.

Crypto was a game changer for me, of course I wasn't dumb enough to say "hurr durr gonna leave my job and live off trading XD" like others did because I know how prices fluctuate, but still, it's not as bad as living through a constant hyperinflation and needing a wheelbarrow of cash to get a pack of gum.

There's still P2P but it's tru underground and only for the most 1337 h4x0r5, not everyone can operate there as you often need hardware wallets, encryption codes, etc.
normie exchanges are THE SAME as regularl banks, it's ridiculous to say ETH or just surface level crypto in general -including shitcoins- is decentralised, the truth is corporations and governments have ruined crypto and are forcing users to prostitute themselves to KYC/AML and using smartphone apps to gather all of their sweet data, as always, for "security" reasons, heh... if it's not the oldest excuse in the world.

Do you know why people are in third world hellholes? Because they haven't managed to create stable financial systems. For reasons extremely diverse, and not to point fingers at anyone, but thats the long and short of it - you can take a brief look at Russia's exclusion from SWIFT and how China is trying to build an alternative. If you control financial stability, you control a whole lot of things. And stable financials go hand in hand with TRUST. Crypto is by definition untrustworthy for exactly the reason you describe: its volatile, unstable, and even if you can trust the blockchain, its users have a far too great influence on its value. So no, crypto isn't a solution, its just making hellholes deeper. And not just for third world countries, but for everyone. Crypto is the supposed 'win-win' where the real winners will remain anonymous, and make you think you're winning too. The bill however is footed to... you guessed it: those that have made themselves dependant on crypto. And guess who those are? The bottom of the social laddder and... third world countries. If you have wealth you have the wisdom to tell those you love: Only go into crypto with money you can lose. For every winner, there are losers, and crypto is remarkably close to a winner takes all principle, because its transparency and security is fake. Its not fake because the system is fake, but because it lacks checks and balances. The exact checks and balances that make our real financial systems stable.

 

[GreiverBlade]

It's easy for americans and europeans to say crypto is shit and a joke because they earn inxs of $5-6k a month,

well... i earn around and even less sometime, than half the lowest amount in the range you specify and live in a first world country and not the cheapest one also ...

because of Cryptos is am rocking a 1070 since 5 yrs, because even the lowest of the low end is too expensive, well, "was" ... finally see some interesting potential upgrades, like a 6600XT, coming to a pseudo sane price, aka the overinflated 530ish chf that my 1070 did cost me over the fabled unicorn that the 359chf MSRP was supposed to be ...

yeah Crypto is not my teacup and i consider it to be the main culprit for a lot of thing, from scalper rise (the return) to normal retailer pricing and dreamer trying sell second hand 2070 in the 1200ish range ...
all that because of GPU mining ... it's a freaking plague~!

although i am not really generalizing ... (i do not blame miner, but rather GPU mining induced by the crypto )
but i'd like to remind you some 1st worlder are also quite poor by any standard poor but happy in my case ... i make do with what i have and content myself of it most of the time ... but i still hope i will see a change rather sooner than later ... (yeah ... i know i know 2500 is not a bad salary by your standard but in my country it's borderline poverty threshold)

as i like to say : "some have leasing for cars ... me, for computer parts... mostly"

 

[Assimilator]

the truth is corporations and governments have ruined crypto

Oh boy, we've got a live one here folks.

 

[lexluthermiester]

and this news is not helping eth price.

If you mean the dive it took a few weeks ago, then yeah. It is hovering around $3k currently.

I wish they'd just hurry it up, both from an investor perspective and as a citizen of the planet.

Yeah, they really do need to get the hell on with it!

 

[trog100]

i see the anti crypto sentiment is still running high.. he he

trog

 

[R-T-B]

i see the anti crypto sentiment is still running high.. he he

trog

My sentiment isn't anticrypto (though there certainly is plenty of that here). It's more as an investor and ethereum user.