In a blow to mining decentralization, GPU miners have seen their profits from mining Ethereum (ETH) decrease to zero, according to research cited by CNBC. The high difficulty in mining a block as well as the current low price of ETH have contributed to greatly increase miner woes.
As the token was widely used to fund ICOs, the cryptocurrency is vulnerable to sell-offs, and mining hashpower has gradually decreased. The decrease in GPU mining has had a rippling effect, adversely effecting GPU makers such as Nvidia and AMD.
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