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It's a bit funny that the blogpost found a higher correlation between bitcoin and GPU prices than between ethereum and GPU prices. You don't mine bitcoin with a
by cinntaile 5y ago
It's a bit funny that the blogpost found a higher correlation between bitcoin and GPU prices than between ethereum and GPU prices.
You don't mine bitcoin with a GPU. Just because it correlates doesn't mean it's a causal effect.
Looking at shop prices is probably suboptimal compared to looking at auction prices, shop prices lag too much. This summer you could almost see demand shifting in real time based on the ethereum price. There are probably other confounding factors such as summer is vacation and warm weather time so demand from both gamers and miners is reduced and perhaps there was more supply as well?
Then the validity of the correlations is "verified" by checking if there exists a correlation between CPUs and cryptocurrency prices? What does this verify, it's just another correlation?
- TigeriusKirk 5y agoThe argument is that bitcoin ASIC manufacturing takes capacity away that could be devoted to GPUs. I don't know enough about chip manufacturing to know if that's true. Seems plausible, as does the fact that high end gpu crypto mining drives up low end gpu card prices as well. No one is using a 1030 to mine anything, but those prices are up too.