Crypto Mining is Coming to an End

Independent users began purchasing GPUs to enhance their mining capabilities and card producers like Nvidia, Advanced Micro Devices, Micron and Intel experienced surging sales.

As crypto markets soared, so did the amount of GPU power being added to networks.

Eventually, store shelves were bare, gamers were angry and crypto miners were stocked up and ready to profit from their newfound ability to mine digital currency.

In short, a combination of factors including increased competition from the glut of new miners, the emergence of corporate mining farms and the implementation of ASICs mining have significantly curtailed users' profits.

Crypto mining was never the most efficient or effective option and new methodologies are sure to improve the user experience.

Numerous miners are left with an abundance of GPU capability that is unused or underutilized and many are scrambling to find a use case for the technology.

Marco Iodice, co-founder and CEO of Leonardo Render, a company striving to provide consumers with alternative use cases for their excess GPU, sees this anxiety in crypto enthusiasts.

Iodice's company employs the blockchain to create an ecosystem where GPU holders can sell their excess computing power to creatives looking for graphics and video rendering capabilities, which also rely on GPU power.

VectorDash, for example, is using a decentralized network to provide AI researchers with affordable GPU by harnessing the capabilities of former crypto miners.

Although it's clear that the era of crypto mining is quickly ending, the last word on this technology has not been uttered and opportunities to turn a profit might still exist if GPU users are willing to try a different approach.