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Except that would generate the same sort of run on solar panels and/or their constituent components that is did for GPUS before ASICs got big. Solar panels tha

• bhupy 6y ago
  > Except that would generate the same sort of run on solar panels and/or their constituent components that is did for GPUS before ASICs got big. Yes, and there's nothing inherently wrong with that, because supply isn't constrained. For any good (or service) for which there is sufficient supply elasticity, when demand increases prices increase temporarily, but that's then followed by an increase in supply to meet that demand. The inflation adjusted price of high-end GPUs has been basically flat since 2000 -> https://hexus.net/tech/news/graphics/103399-inflation-adjusted-price-history-high-end-nvidia-gpus-tabulated/ https://hexus.net/tech/news/graphics/103399-inflation-adjust.... Insofar as there has been variation, it has largely been due to other confounding variables. In other words, solar panels will be used to replace fossil fuels no matter what. As long as there's a carbon tax, all crypto mining does is stimulate the demand for solar panels. Right now, I stand to gain a lot of money by starting a solar panel manufacturing company (because of crypto), but the net result (fully developed solar panel supply chains) is still good for humanity no matter what. That only happens if we have targeted environmental policy that magnifies that incentive.