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Bitcoin adjacent companies like Nvidia are riding the craze and would be less susceptible to a tulip mania style crash if that's your concern
by kristopolous 9y ago
Bitcoin adjacent companies like Nvidia are riding the craze and would be less susceptible to a tulip mania style crash if that's your concern
- CyberDildonics 9y agoYou can't profitably mine Bitcoin with GPUs. It has been this way for 3-4 years.
- kristopolous 9y agoscroll down and look at the pricing history of the rx 470: https://www.videocardbenchmark.net/gpu.php?gpu=Radeon+RX+470 https://www.videocardbenchmark.net/gpu.php?gpu=Radeon+RX+470 and the 480: https://www.videocardbenchmark.net/gpu.php?gpu=Radeon+RX+480 https://www.videocardbenchmark.net/gpu.php?gpu=Radeon+RX+480 Notice what happened during the alt-coin bubble? Now go look at nvidia's stock price around that time. Everything went bonkers in May. So I understand what you are saying, but there is clear historical evidence for my claims. When it comes to market manias the safest place to make money from it is adjacent to it in a way that supplies the maniacs.
- CyberDildonics 9y agoThe cyptocurrencies that can be mined with video cards are different from bitcoin. Ethereum is probably what you are thinking of being mined by GPUs.
- kristopolous 9y agoobviously it's for the less valuable coins with lower difficulties.
- CyberDildonics 9y agoIt's not obvious if you call them bitcoin when that isn't their name. That's like calling 7-UP a coke.
- kristopolous 9y agook, but 7-up adjacent companies are coke adjacent companies; canning, sugar, labeling ...
- CyberDildonics 9y agoI don't know what you are saying. You can't mine bitcoin with a GPU. You can mine ethereum and probably other cryptocurrencies with GPUs. Bitcoin is a specific cryptocurrency. Nothing you are going to say is going to change that reality.