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the claim

Mining Bitcoin with consumer CPUs or GPUs is unprofitable because the network is dominated by specialised ASIC hardware.

the verdict
INSUFFICIENT LEANING
Recorded sources
6 sources for · 0 against

Counts group repeated records of the same source within each side. They do not measure evidence strength or source independence.

Is it true that mining Bitcoin with consumer CPUs or GPUs is unprofitable because the network is dominated by specialised ASIC hardware?

Unclear. Several sources document that Bitcoin mining hardware evolved from CPUs to GPUs to FPGAs and finally to ASICs, and that large ASIC datacenters now dominate the network with far better cost efficiency than CPU or GPU hardware. None of the retrieved items directly measures whether consumer CPU or GPU mining is unprofitable, so the profitability half of the claim is only partially covered.

Verdict: PARTIAL LEAN · 6 sources for, 0 against · Last checked

The private library was unavailable for some searches in this check. Missing library results are not evidence against the claim.

Evidence for · 6
Cryptonight Gpu Mining Efficiency
2018
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Cryptonight Gpu Mining Efficiency. (2018). trepo.tuni.fi. https://trepo.tuni.fi//handle/123456789/26464

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More for · 5
Modeling and Simulation of the Economics of Mining in the Bitcoin Market
2016
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Cocco, L. & Marchesi, M. (2016). Modeling and Simulation of the Economics of Mining in the Bitcoin Market. doi.org. https://doi.org/10.1371/journal.pone.0164603

Mining Profitability in Bitcoin: Calculations of User-Miner Equilibria and Cost of Mining
2024
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Mining Profitability in Bitcoin: Calculations of User-Miner Equilibria and Cost of Mining. (2024). inria.hal.science. https://doi.org/10.1007/978-3-031-62638-8_5

Bitcoin essentials: gain insights into Bitcoin, a cryptocurrency and a powerful technology, to optimize your Bitcoin mining techniques
2016
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Bitcoin essentials: gain insights into Bitcoin, a cryptocurrency and a powerful technology, to optimize your Bitcoin mining techniques. (2016). search.ebscohost.com. https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&db=nlabk&AN=1180052

Bitcoin Essentials: Gain insights into Bitcoin, a cryptocurrency and a powerful technology, to optimize your Bitcoin mining techniques
2016
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Bitcoin Essentials: Gain insights into Bitcoin, a cryptocurrency and a powerful technology, to optimize your Bitcoin mining techniques. (2016). ebookcentral.proquest.com. https://ebookcentral.proquest.com/lib/kxp/detail.action?docID=4520798

ASIC Clouds: Specializing the Datacenter
Get citation
ASIC Clouds: Specializing the Datacenter. (n.d.). cir.nii.ac.jp. https://doi.org/10.1109/isca.2016.25

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