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You could argue the other way around. Crypto is creating market incentives to develop more powerful GPUs (for less $$$), which can make other applications possi

You could argue the other way around. Crypto is creating market incentives to develop more powerful GPUs (for less $$$), which can make other applications possible. It's tricky to control market forces... (not that I'm a fan of crypto)

chrischen 4y ago
Is it actually doing that though? The main mine-able crypto is Ethereum and I don't think Nvidia is specifically optimizing their consumer gaming GPUs for maximizing hashrates. The only innovation in this regard is their "mining" gpus which are the same thing as their normal GPUs just without physical video outputs. I'm not complaining about the market forces causing GPUs to be expensive, I'm complaining about the non-regulation of marketing these as securities to laymen, which is exactly what is happening right now every time you see an NFT or ICO ad on Facebook or Instagram. Wolf on Wall Street is a movie about this happening before in history, and the current craze around crypto is exactly the same thing and the reason why the qualified investor rules were made. If you stop dumb money being funneled into crypto, and stop the moral acceptance of chasing dumb money, you can free people to pursue more noble causes. I'm not anti crypto, but anyone can see that a good chunk, if not a majority, of current interest in crypto is due to chasing dumb money and greed. If I recall correctly Vitalik Buterin tweeted about this excess attention before. Bad attention could kill crypto before it can truly even get its feet off the ground.
- cjblomqvist 4y ago
  It doesn't matter if the GPUs are optimized or not for crypto - I'd argue it's even better if it's not. The point is that Nvidia and AMD reach better economies of scale (which are critical for such R&D intensive businesses as cutting edge GPUs). That benefits all, if it goes in somewhat the right direction.

chrischen 4y ago

Is it actually doing that though? The main mine-able crypto is Ethereum and I don't think Nvidia is specifically optimizing their consumer gaming GPUs for maximizing hashrates. The only innovation in this regard is their "mining" gpus which are the same thing as their normal GPUs just without physical video outputs. I'm not complaining about the market forces causing GPUs to be expensive, I'm complaining about the non-regulation of marketing these as securities to laymen, which is exactly what is happening right now every time you see an NFT or ICO ad on Facebook or Instagram. Wolf on Wall Street is a movie about this happening before in history, and the current craze around crypto is exactly the same thing and the reason why the qualified investor rules were made. If you stop dumb money being funneled into crypto, and stop the moral acceptance of chasing dumb money, you can free people to pursue more noble causes. I'm not anti crypto, but anyone can see that a good chunk, if not a majority, of current interest in crypto is due to chasing dumb money and greed. If I recall correctly Vitalik Buterin tweeted about this excess attention before. Bad attention could kill crypto before it can truly even get its feet off the ground.

cjblomqvist 4y ago
It doesn't matter if the GPUs are optimized or not for crypto - I'd argue it's even better if it's not. The point is that Nvidia and AMD reach better economies of scale (which are critical for such R&D intensive businesses as cutting edge GPUs). That benefits all, if it goes in somewhat the right direction.