In recent mining news, Susquehanna International Group has reported that it is no longer profitable to mine ether with a GPU. In other news, a Canadian miner has taken to Twitter to share photos of a system that recycles the heat generated by his six ASIC miners, while Jihan Wu has accused Craig Wright of attempting to conduct a 51 percent attack on the Bitcoin Cash network.
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Susquehanna Claims It’s ‘No Longer Profitable’
to Mine ETH with GPUs
Susquehanna International Group, a global trading and technology company, has announced that mining ETH with a graphics processing unit (GPU) is no longer a profitable activity. According to the company’s analysis, the dollar-denominated monthly returns from GPU mining of ETH fell to approximately zero as of Nov. 1. In a note issued to clients, Christopher Rolland — a semiconductor analyst for Susquehanna International — clearly stated that GPU ETH mining is “no longer profitable.”
According to the company’s analysis, the profitability of GPU mining of ether peaked at around $65 per month at the start of the year, before dropping as low as $20 in April, as a result of a significant drop in the price of ETH during the first quarter. Profitability rose to roughly $30 throughout most of the second quarter, before sliding down to zero in the following months.
Canadian Miner Heats Home with Six S9 Antminers
A Canadian cryptocurrency miner has tweeted a photo of a prototype heating system designed to heat his 600-square-foot home using recycled heat generated by six ASIC miners. He claimed that the system is able to “comfortably heat” his home at his “desired temperature” and is operational year-round. The miner explained that excess heat is recirculated outside of his home and that the setup is “fully quiet.”
Wu Accuses Wright of Attempting 51% Attack
Turning to criticize PoS mining, Wu stated that it presents numerous “unsolved problems and risk factors” that have yet to be resolved.
Do you think that a bounce in price will restore the profitability of ETH GPU mining? Share your thoughts in the comments section below.
Images courtesy of Shutterstock, Susquehanna, Twitter
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