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Are cryptocurrencies to blame for high GPU prices?

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Re: Are cryptocurrencies to blame for high GPU prices?

#21

Post by CrazyStat »

gambiting wrote: post #15
rvz wrote: post #8

Assuming everyone commenting here has read the post, if it is 'cryptocurrencies' 'like' Bitcoin and Ethereum that use PoW? Then, that is an undeniable, and an undisputed; Yes. However, if you are talking 'cryptocurrencies' that means you are talking about all of them. Not all cryptocurrencies are like Bitcoin, and Ethereum and not all of them use PoW. So the title should be: 'Is Bitcoin, and Ethereum to blame for Hig…

All cryptocurrencies are the same scam anyway, really don't see the need to differentiate this way.

Some of them artificially inflate the cost of hard drives instead of GPUs, totally not the same!

Re: Are cryptocurrencies to blame for high GPU prices?

#22

Post by jes »

What if crypto currencies are to blame for low GPU prices?

In other words, what if the opportunity to make money via crypto currencies has accelerated the development of GPU capabilities and availability beyond what would have happened if crypto currencies never came into existence?

Re: Are cryptocurrencies to blame for high GPU prices?

#23

Post by neither_color »

rvz wrote: post #8

Assuming everyone commenting here has read the post, if it is 'cryptocurrencies' 'like' Bitcoin and Ethereum that use PoW? Then, that is an undeniable, and an undisputed; Yes. However, if you are talking 'cryptocurrencies' that means you are talking about all of them. Not all cryptocurrencies are like Bitcoin, and Ethereum and not all of them use PoW. So the title should be: 'Is Bitcoin, and Ethereum to blame for Hig…

Bitcoin can't be economically mined by GPUs so it's not to blame at all in this crypto hype cycle or even the last one of 2017. The people on reddit you see with racks full of 3000 series cards are mining Ethereum.

Re: Are cryptocurrencies to blame for high GPU prices?

#25

Post by junon »

jes wrote: post #22

What if crypto currencies are to blame for low GPU prices? In other words, what if the opportunity to make money via crypto currencies has accelerated the development of GPU capabilities and availability beyond what would have happened if crypto currencies never came into existence?

Interesting theory that doesn't hold up to much critical thought.

Re: Are cryptocurrencies to blame for high GPU prices?

#26

Post by cryptica »

And what's to blame for Bitcoin's high price? A broken fiat monetary system.

I can't believe some people still think that Bitcoin is more speculative than major tech stocks. Facebook, Twitter, Google, Uber, Snapchat... All propped up by money printing. I think if we ran a simulation using hard (non-fiat) money, the net losses of these big tech companies would be even more significant than Bitcoin's losses on electricity. They're only profitable because of the fiat monetary scheme. If you remove the scheme, I think it's likely that revenue would dry up and profits would quickly go negative. These companies are just not viable in a hard money system. More profitable competitors would quickly spring up and there would be constant churn.

The reason why Bitcoin is so successful and anti-fragile is that it's located everywhere. It always has access to the easiest money from all around the world. It has placed itself at the root of every scheme around the world.

Re: Are cryptocurrencies to blame for high GPU prices?

#28

Post by yokoprime »

jes wrote: post #22

What if crypto currencies are to blame for low GPU prices? In other words, what if the opportunity to make money via crypto currencies has accelerated the development of GPU capabilities and availability beyond what would have happened if crypto currencies never came into existence?

Do you have any evidence to support this hypothesis? As I see it, cryptomining is not what consumer GPU's are designed for, it's just something they happen to be good at

Re: Are cryptocurrencies to blame for high GPU prices?

#29

Post by larsiusprime »

gtsop wrote: post #13

Alternate answer: No, the manifacturing cost of the gpu stays relatively the same, greedy sellers increase price because of the increased demand. It's not like they wouldn't make profit on regular prices.

Cost is not price. The article is about price.
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