I don't know but if you're hating on miners right now, you simply don't understand the way the world works. The situation of GPU, of crypto, its volatility and how that will play out in the long run really is blatantly obvious and predictable. If you've read my previous comments in several topics about mining - it is the discussion we have here that I was already miles ahead of back then - already in 2014 I had this same opinion, and it took FOUR F*king YEARS for people to catch on. Seriously damaged my faith in humanity to be fair... but it also confirmed everything I knew of it.
Mankind is very good at putting personal gain above a gain for the greater good, and will do any and everything to one-up the rest. Always been that way. If anyone ever thought that 'distributing the new wealth' in a good way was to let people 'mine' it, get yourself checked out. Its the gold rush all over again - a time notorious for legalized slavery, extortion tactics, and some of the most brutal greed-driven adventures we've known. Nothing is spared in the pursuit of wealth. We have that same pursuit in the 'real economy', except for the fact that over time, we've created systems of checks and balances to keep a degree of stability, and avoid volatility. The whole premise of crypto and bitcoin is and was fundamentally flawed: the idea that something like this would or could ever work by itself, without regulation, rules or boundaries. At the same time, this is the capitalists' wet dream, case in point, the state of crypto today.
As long as crypto and its accumulation has no boundaries defined by common sense, but only has a few basic rules like the proof of work concept, it will never work, and we will keep seeing what you see now: endlessly chasing the next big thing, infinitely jumping from one big bubble onto another, trying to capitalize on bursted bubbles, and gaining more and more control over a piece of the market. Already there are hundreds, if not thousands of whales that have a large enough percentage of coin (X) to get rich off manipulating markets, meaning they literally, directly get rich out of someone else's loss, something quite akin to plain theft. And there is no legislation, no regulation, nothing in the system that stops them. I completely understand how this is attractive to people. At the same time, it doesn't take a rocket scientist to figure out this model will never be sustainable.
This is why, by principle, I will not mine, have never mined, and would prefer to see the whole concept of it die a quick death or get penalized severely through our regular tax systems. The latter would be my preference - Tax the potential profits of mining to death, and it will be gone in a few years. Or play it like China and just ban any kind of mix with the real economy. Because that's where it should be: outside of our daily lives, out of sight, forgotten and never returned to again.
The waste of time, energy, effort, computing power is gargantuan and counterproductive to everything we live and stand for. Use that power and energy for some real crunching, like folding, it'll make you feel a whole lot happier in the long run.
Oh, and one last thing: Satoshi should enter the history books as one of the most ridiculously twisted minds we've known. This was all his idea and it will backfire to the degree of potential self-destruction, after a long period of tremendous wastefulness.
