Yes, I know that it still exist, and yes, decentralized currency which utilizes distributed, cryptographic validation is not actually a strictly bad idea, but…
Is the speculative investment scam, which crypto substantially represented, finally dead? Can we go back to buying gold bars and Pokemon cards?
I feel like it is, but I’m having a hard time putting my finger on why it lost its sheen. Maybe crypto scammers moved on to selling LLM “prompts?” Maybe the rug just got pulled enough times that everyone lost trust.
Nah. This happens every few years, has been since 2014. Buy a GPU before they rise up and use all of our electricity again. An new SBF will crash it sometime.
there are no more notable projects that rely on GPU mining. you should be more worried about taiwan getting invaded.
What is keeping prices high now is particularly nvidia but also amd transitioning more to an AI/ML pro/server/datacentre market, consumer GPU’s are not a big let alone majority of the pie. They’re simply not making enough consumer cards and don’t care that very little cards are sold because they’re getting ludicrous prices on what does sell. intel gen 2 needs to be good in the mid range to provide competition again, the problem is a distinct lack of competition.
GPU mining is irrelevant now that Ethereum has moved to proof of stake. If you want to complain about GPUs, you can blame the AI scam hype and greedy companies overcharging.