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Are cryptocurrencies to blame for high GPU prices?

blog.libove.org

31–40 of 352 posts

Re: Are cryptocurrencies to blame for high GPU prices?

#31
post #25
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.

Indeed.

Re: Are cryptocurrencies to blame for high GPU prices?

#35
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.

It seems odd to single out greedy sellers when the key demand here is people hoping to print money. It's all greed here.

Re: Are cryptocurrencies to blame for high GPU prices?

#37
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.

Supply steady. Demand exponential increase due to cryptocurrencies. Blame whomever you wish.

I just don't get why people hide behind their finger. This is capitalism 101. You either like it and go by it or dislike it and try to change it. For some reason X the demand for product Y has increased which leads to price bump. If you are pro capitalist economy then you just accept it for what it is. If you don't like it then discuss alternate economies. The rules of the economy are the ones to blame, not the people who play by the rules.

Re: Are cryptocurrencies to blame for high GPU prices?

#39
post #18
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.

The government should guarantee a GPU for every gamer. Gamers rise up!

Yes, the big 2022 gamer strike would be interesting

Re: Are cryptocurrencies to blame for high GPU prices?

#40
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…

This nuance isn’t helpful for this discussion I think. 1.4T of overall cryptocurrency 2.2T is POW (68%). BTC and ETH alone account for 57% of all cryptocurrency market share [1].

Proof of stake is 9% of the overall market. I’m not sure where the other 23% go but I don’t think any one idea has captured a more significant piece. It’s like arguing that saying the energy sector is responsible for CO2 emissions. Like sure, you could make the case that wind and solar are net negative but it’s not a helpful contribution to the discussion.

[1] https://coincodex.com/cryptocurrencies/sector/proof-of-work/

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