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Unfortunately in the crypto winter, crypto shovel sellers like Coinbase are doing quite badly as well.
by thematrixturtle 4y ago
Unfortunately in the crypto winter, crypto shovel sellers like Coinbase are doing quite badly as well.
- bobnamob 4y agoI think you need to go a layer or two deeper to find the shovel vendors, maybe those selling compute?
- Someone 4y agoNvidia and AMD sold quite a few GPUs to crypto miners.
- Strom 4y agoIt seems that they also bet on the hypetrain lasting longer. They are now trying to cancel some of their TSMC orders. [1] They'll probably end up with a juicy profit overall anyway, but perhaps the more clear shovel sellers here are foundries like TSMC and Samsung. -- [1] https://videocardz.com/newz/nvidia-reportedly-wants-to-cut-tsmc-orders-for-next-gen-rtx-40-gpus-5nm-wafers-amid-lower-demand https://videocardz.com/newz/nvidia-reportedly-wants-to-cut-t...
- IgorPartola 4y agoClear winner is energy companies who sell electricity to miners :(
- xchaotic 4y agoInvesting into an illegally tapped coal power plant in Mongolia is about as safe an investment as investment in crypto itself.
- thematrixturtle 4y agoPeople using stolen credentials to mine crypto on cloud GPUs is a huge hassle/financial loss for cloud vendors.
- stonith 4y agoNVIDIA seem to have done pretty well out of it.