Reminder: there are no video outputs on these chatbot data center processors driving up the prices of graphics cards.
So they can’t even sell as used GPUs to crash the consumer GPU price market when the AI bubble pops.
This is a reminder that businesses aren’t “money focused calculation machines that optimize for the maximum possible profit.” They don’t worry about every little dollar, they just print money and use it to control you.
Raising prices for you is the goal, not a byproduct of some other smarter plan.
Some people don’t need the rest of this post, and it’s very long, so I’ll put it in a comment.
This all applies to cryptocurrency miners too.
In fact, it might be even more relevant there, because crypto miners compete so hard on electric bill costs, they definitely have to plan on liquidating equipment when it gets old enough, even if it still works. I think a lot of miners still use regular consumer GPUs to this day because with a specialized card that has no video output, it can depreciate from $1000+ to worthless almost instantly. There just end up being no buyers.
If this was all real business and not just the authorities controlling people, Nvidia would have competition offering similar cards with video outputs for a few cents more, because that product would make more business sense. But instead, it would be super expensive to add video outputs to specialized cards, because it would “cannibalize sales” for graphics cards later (i.e. give savings to consumers)
No major cryptocurrency has used GPUs for mining for many years. Bitcoin uses completely custom ASICs and Ethereum switched away from proof of work entirely.
Incorrect. Monero and others still use GPU based mining
I said no major cryptocurrency. Monero’s got a market cap of $8 billion, it’s small fry.
Incorrect again. You mentioned Ethereum which nobody cares about, you can’t call Monero “not major” after that. The only cryptocurrencies that matter are Bitcoin, doggie coin, and Monero
If market cap was relevant then crypto veterans like me would care about Ethereum
Ethereum’s got a market cap of $350 billion and it’s where all the new development is going on, according to the Electric Capital Developer it has by far the most developers working on and with it. Approximately 65% of all new code written in the entire crypto industry is written for Ethereum or its Layer 2 scaling solutions (like Arbitrum, Optimism, and Base).
It’s spelled “Dogecoin,” by the way.
The “dogecoin” spelling has been ruined by people calling it “doj coin”
And market cap isn’t relevant, nor is whoever “electric capital developer” is or whatever chat bots you’re calling “the most developers”
Bitcoin, doggie coin, and Monero are the only ones standing the test of time so far. Ethereum is “proof of stake” now
That is, in fact, how “dogecoin” is pronounced (doj coin). Here’s one of the two creators of dogecoin saying as much (and why!): https://youtu.be/kVDcOI0-gdQ
I stopped taking the creators opinions on doggie coin seriously when they started calling it doj coin
Btw, notice that the Monero community is way more active than Ethereum or doggie coin in decentralized platforms like piefed/Lemmy or nostr