I've been doing some more research for benefits of GPU miners and investors in ETH and Ethereum Network.
Many people have been citing misleading data, from past events in crypto-currency history.
There favourite citation is: Litecoin - it was $15 in the 1st quarter of 2014, but then hit a low of $1.50 in the quarter of 2015.
This researched post is
too disprove the citation of Litecoin having any relevance to ETH.
At the beginning of the 1st quarter of 2014, Litecoin was being mined with GPUs and miners had invested over $50 million in GPUs to mine Litecoin with their Cash savings.
At the beginning of the 2nd quarter of 2014: new ASIC mining hardware appeared for the Scrypt algorithm.
GPU owners, having spent their Cash savings on GPUs, had no choice,
but to spend their LTC on new ASIC mining hardware. At the time, Litecoin was producing $150 million of LTC per annum at a coin price of $15.
1st ASIC miner was Gridseed Orb - many batches sold at $50-$40 per a unit for many months - total estimated value unknown?
2nd ASIC miner was Gridseed Blade - many batches sold at $1600 per a unit for many months - total estimated value unknown?
3rd ASIC miner was Zeus Blizzard - many batches sold at $179 per a unit for many months - total estimated value unknown?
4th ASIC miner was Innosilicon A2 Terminator $2499 - A2 Mini $789 many batches sold - total estimated value unknown?
5th ASIC miner was KnCMiner, many batches sold at $10,000 - a couple of batches sold - total estimated value unknown?
Not to mention various other Scrypt ASIC mining hardware, that did not make it into the mainstream retail.
Consequently, in the space of 12 months, the people mining Litecoin spent in the region of $100 million on new ASIC hardware,
which they financed by selling their Litecoins!
And, the very same people had previously spent over $50 million on GPUs.
Therefore, approximately they spent $150 million on mining equipment in one single year.
Yelp, people were bat s**t crazy for ASIC Scrypt mining hardware in 2015 Naturally, it is mathematically impossible for this to happen on Ethereum Network - ETH is going to POS in Feb 2017
There is less than 7 million ETH left in the POW period!
Litecoin history will not be applicable or repeatable for ETH and Ethereum Network