4 ms·

You aren't entitled to cheaper video cards just because you don't like what other people are doing with them

nextlevelwizard 5y ago
Seeing as Nvidia agrees with me, I think you are wrong. In any case the sales have started to drop so if Nvidia doesn't do anything after crypto fad ends they'll be out of business since people aren't buying their GPUs anymore.
- mattwilsonn888 5y ago
  So you believe that Nvidia needs crypto to survive but knowingly and intentionally hampers their cards' mining performance? You seem confused.
  - nextlevelwizard 5y ago
    Not what I said at all. Re-read.
    - mattwilsonn888 5y ago
      wrong comment
paulmd 5y ago
Conversely miners aren't entitled to cheaper video cards just because they built a business around consumer hardware. Companies seeking to maximize their revenue is very much the nature of the free market. It's their business, you don't get to tell them how to run it. You're a customer in a market, if you don't find the product acceptable then you can go elsewhere. There are competitors offering products as well, and as a whole this determines a market rate. If your business is no longer profitable (or profitable enough) paying the market rate, then you go out of business. That is also how the market works. Many, many businesses would be far more profitable if they could force their suppliers to cut their revenue streams. Miners have responded to the shift in the power dynamic by throwing a tantrum and attacking and blackmailing their suppliers. Bioshock nailed it: laissez-faire is great when you're the one on top, but as soon as someone else out-competes you, or exerts their own market leverage, it's an unfair and ridiculous imposition on your own right to profit, and it's time to shout and flip the game board. This is exactly what you see with the whole "gamers aren't entitled to cheap cards" thing you said, that was great when miners had more market power than gamers, but everyone leaves off the whole "and miners aren't entitled to cheap cards either", which is equally true. Suppliers are taking note of that market power and moving to take a cut of the revenue for themselves. Customers are free to re-shuffle to new suppliers if they no longer find the terms acceptable. And that's how the free market works. As always - businesses that are not agile enough to adapt, will "exit the market", and create room for newer, healthier businesses. And remember, this has been status quo for a long time. If your business depended on CAD, it probably sucked when ATI and NVIDIA started releasing workstation products and artificially limiting CAD performance on gaming cards. The world moved on though.
- mattwilsonn888 5y ago
  > Miners have responded to the shift in the power dynamic by throwing a tantrum and attacking and blackmailing their suppliers. Bioshock nailed it: laissez-faire is great when you're the one on top, but as soon as someone else out-competes you, or exerts their own market leverage, it's an unfair and ridiculous imposition on your own right to profit, and it's time to shout and flip the game board. #notAllMiners All you're saying is that businesses should sell to whoever makes them the most profit - so how does that explain Nvidia cutting value and lowering the price of their cards to sell to gamers rather than miners?

Seeing as Nvidia agrees with me, I think you are wrong. In any case the sales have started to drop so if Nvidia doesn't do anything after crypto fad ends they'll be out of business since people aren't buying their GPUs anymore.

mattwilsonn888 5y ago
So you believe that Nvidia needs crypto to survive but knowingly and intentionally hampers their cards' mining performance? You seem confused.
- nextlevelwizard 5y ago
  Not what I said at all. Re-read.
  - mattwilsonn888 5y ago
    wrong comment

paulmd 5y ago

Conversely miners aren't entitled to cheaper video cards just because they built a business around consumer hardware. Companies seeking to maximize their revenue is very much the nature of the free market. It's their business, you don't get to tell them how to run it. You're a customer in a market, if you don't find the product acceptable then you can go elsewhere. There are competitors offering products as well, and as a whole this determines a market rate. If your business is no longer profitable (or profitable enough) paying the market rate, then you go out of business. That is also how the market works. Many, many businesses would be far more profitable if they could force their suppliers to cut their revenue streams. Miners have responded to the shift in the power dynamic by throwing a tantrum and attacking and blackmailing their suppliers. Bioshock nailed it: laissez-faire is great when you're the one on top, but as soon as someone else out-competes you, or exerts their own market leverage, it's an unfair and ridiculous imposition on your own right to profit, and it's time to shout and flip the game board. This is exactly what you see with the whole "gamers aren't entitled to cheap cards" thing you said, that was great when miners had more market power than gamers, but everyone leaves off the whole "and miners aren't entitled to cheap cards either", which is equally true. Suppliers are taking note of that market power and moving to take a cut of the revenue for themselves. Customers are free to re-shuffle to new suppliers if they no longer find the terms acceptable. And that's how the free market works. As always - businesses that are not agile enough to adapt, will "exit the market", and create room for newer, healthier businesses. And remember, this has been status quo for a long time. If your business depended on CAD, it probably sucked when ATI and NVIDIA started releasing workstation products and artificially limiting CAD performance on gaming cards. The world moved on though.

mattwilsonn888 5y ago
> Miners have responded to the shift in the power dynamic by throwing a tantrum and attacking and blackmailing their suppliers. Bioshock nailed it: laissez-faire is great when you're the one on top, but as soon as someone else out-competes you, or exerts their own market leverage, it's an unfair and ridiculous imposition on your own right to profit, and it's time to shout and flip the game board. #notAllMiners All you're saying is that businesses should sell to whoever makes them the most profit - so how does that explain Nvidia cutting value and lowering the price of their cards to sell to gamers rather than miners?