> Investors don't like to see it because they somehow couldn't comprehend that the growth they saw was completely artificial (how is beyond me) This was absolu

> Investors don't like to see it because they somehow couldn't comprehend that the growth they saw was completely artificial (how is beyond me) This was absolutely fascinating to watch over the past 18 months. Anyone looking for GPUs starting from February 2021 new exactly what was going on. Cards were being gobbled up by miners. They never made it to any shelf for a consumer to buy; webshops were botted, very few humans had a chance to buy. Regular consumers only got them on eBay or similar. And it was blindingly obvious that consumers weren't paying four figures markup for certain cards. When ETH skyrocketed to almost $5000, a friend of mine was reselling 3060 Tis he bought for €419 from Nvidia's webshop, using a bot he wrote, and resold them for €1250. His regular buyer took all cards he could get his hands on (dozens per month), and resold them to central European countries (popular among miners) for even more markup. Again, this was blindingly obvious. Availability of cards followed the ETH price; when ETH dipped in summer 2021, cards became available again. When ETH went up towards the end of the year, my friend was selling used 3080s for €1800 again. Then ETH started to crash again, and suddenly Nvidia was facing a massive oversupply. The fact that Nvidia to this day refuse to acknowledge the role that miners played in artificially inflating growth is weasily, to say the least.