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Bitcoin and cryptocurrencies, AI, self-driving cars... good (and profitable) times for GPU manufacturers. Nvidia stock (NASDAQ:NVDA) is x4 in the last year and
by joeyspn 10y ago
Bitcoin and cryptocurrencies, AI, self-driving cars... good (and profitable) times for GPU manufacturers.
Nvidia stock (NASDAQ:NVDA) is x4 in the last year and probably will continue escalating..
- rrdharan 10y agoI thought all the bitcoin and crypto stuff had already moved past GPUs and on to custom ASIC units?
- joeyspn 10y agoThe only crypto that has transitioned from GPU to ASIC is bitcoin, but that comes after many years of GPU-based mining operations. Regarding the rest of cryptos, the vast majority is still being mined with GPUs, including Ethereum.
- notheguyouthink 10y agoI know next to nothing about this but my buddy is big into Bitcoin. He runs a lot of ASIC machines for bitcoin, but he says there are a lot of reasons to dislike the ASIC compatible algorithms. He's experimenting with switching to GPUs, iirc he's mining Ethereum with them at the moment. I can't go into much detail as it's not my knowledge obviously, but i can say that GPUs are viable/required for some of the coins out there. Based on his word, at least.