/biz/ - Business & Finance

This is before it switches off proof of work, which is the ponzi that has kept it floating. If you want to see the fate of Etherium, look no further than the gpu price crash happening right now.

Miners are literally and unironically dialing suicide prevention hotlines as we speak. Some are on critical copium doses mining alt coins like ravencoin and other shitcoins, but everything is tied to the value of Etherium and once that goes those coins will crash to nearly zero. All of this while rising electric costs globally have priced out all miners in Europe and coming soon to the USA. Its a double pincer sandwich cockslammer maneuver with rising energy prices fucking the asshole dry while declining profits and increased difficult fucking the mouth through a gag propping it open.

And the best part of it all is you can't even sell your cards to escape anymore because they are falling well below MSRP.