Are you trying to tell me that the price for a thing is affected by its supply and demand? The horror!
Rather to which extent crypto in particular has affected the market.
Are cryptocurrencies to blame for high GPU prices?
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Re: Are cryptocurrencies to blame for high GPU prices?
#12Might have also been ML
Re: Are cryptocurrencies to blame for high GPU prices?
#13Alternate 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.
Re: Are cryptocurrencies to blame for high GPU prices?
#14ETH Hashrate has tripled in the past year alone, adding 600 TH/s. A 3080 does about 100 MH/s. That's about 6 million 3080s.
Re: Are cryptocurrencies to blame for high GPU prices?
#15Assuming 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.
Re: Are cryptocurrencies to blame for high GPU prices?
#16Cloud / data center GPU consumption has also gone up in the past couple years.
If you mention anything about the cloud, deep learning training on GPUs and the impact on the environment that has and the increasing costs of training and fine tuning your neural net, they won't care at all, they will still do it after all these years.
As you know it is still a valid point.
Re: Are cryptocurrencies to blame for high GPU prices?
#17Alternate 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.
Re: Are cryptocurrencies to blame for high GPU prices?
#18Alternate 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!
Re: Are cryptocurrencies to blame for high GPU prices?
#19Assuming 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…
> Assuming everyone commenting here has read the post
Proof of stake is mentioned at the end of the article.
> Other mechanism for securing blockchains exist and successfully used (see Proof of Stake). Proof of Work creates external costs (environmental impact, higher electricity prices, GPU scarcity) to benefit a small group of miners.
Re: Are cryptocurrencies to blame for high GPU prices?
#20Assuming 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…
It's a bit funny that the blogpost found a higher correlation between bitcoin and GPU prices than between ethereum and GPU prices.
You don't mine bitcoin with a GPU. Just because it correlates doesn't mean it's a causal effect.
Looking at shop prices is probably suboptimal compared to looking at auction prices, shop prices lag too much. This summer you could almost see demand shifting in real time based on the ethereum price. There are probably other confounding factors such as summer is vacation and warm weather time so demand from both gamers and miners is reduced and perhaps there was more supply as well?
Then the validity of the correlations is "verified" by checking if there exists a correlation between CPUs and cryptocurrency prices? What does this verify, it's just another correlation?