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I find myself hoping it implodes sooner rather than later. Purely selfish on my part - but I would like to be able to buy a new graphics card some day. I'm alre
by dvlsg 8y ago
I find myself hoping it implodes sooner rather than later. Purely selfish on my part - but I would like to be able to buy a new graphics card some day. I'm already dreading the insane scramble when Nvidia announces their new cards (likely this summer).
- dahdum 8y agoCrypto and the AI boom are funneling money to Nvidia for R&D and to ramp up production. If you want advancement in graphics cards to come more quickly, it’s not a bad trend.
- raverbashing 8y agoOne good thing that comes out of this at least, though it's not only cryptocurrencies, it's AI as well.
- Macha 8y agoHowever, after crypto blew up in their face last time (they ramped up production just before bitcoin gpu mining got replaced by ASICs and ended up with a load of unwanted GPUs), they haven't been so quick to ramp up production this time.
- dvlsg 8y agoI _do_ want advancement to come more quickly - but I also want to have access to those benefits. Hopefully both can be achieved.
- navbaker 8y agoI last built a gaming rig in 2012 and just this January decided it was time to upgrade. It took me a bit to figure out why the hell a mid-range graphics card was $700 minimum.
- SlowRobotAhead 8y agoGood for Xbox and PlayStation which are screaming deals right now.
- Fjolsvith 8y agoCan you rob the video card out of them?
- bwbw223 8y agoThey pretty much use Radeon HD 7870s, though...
- SlowRobotAhead 8y agoThat’s true if your knowledge of their lines is 5 years old.
- paulpauper 8y agobitcoin is already 65% off the highs. many other coins down 80% + more. I think that is pretty much close to imploded
- pmorici 8y agoThat has happened like half a dozen times before in the history of Bitcoin. Not really a sign of demise.
- SlowRobotAhead 8y agoHow many times before did your mom ask you about it? Precedent isn’t here. But, if you are willing to say what happened in the yesterday will happen tomorrow, I assume you’ve taken a HELOC put on your house and invested in bitcoin - rift?
- pmorici 8y agoYou comment is hard to understand but, I'm not saying the near term price is an indicator of it's long term health I'm saying it historically isn't a prediction of anything.
- arsginionio 8y agoBitcoin has a lot of interesting failure modes if the price falls too far. People will start taking mining hardware offline. This will result in a lot of idle capacity. There will be a number of people capable of pulling off a 51% attack. And if the hash rate falls very quickly, say 50% in a week, the difficulty adjustment will be unable to keep up. This would have all sorts of nasty effects. If the price goes to $4000 it should go to zero. That's assuming that the "investors" will behave sensibly, which is never a safe bet.
- sumedh 8y ago> If the price goes to $4000 it should go to zero Will you short bitcoin then?
- casefields 8y agoSuch a crab mentality. Yikes.