The same should have been true about Bitcoin mining, but 32nm ASIC miners would get smoked by Nvidia cards in price, performance, and power efficiency. Nvidia's

The same should have been true about Bitcoin mining, but 32nm ASIC miners would get smoked by Nvidia cards in price, performance, and power efficiency. Nvidia's real power here is that they're the only company competing with Apple for the latest TSMC silicon. Their ability to drop 9 billion dollars on a foundry investment secured them the 4nm node, which is their bid for future-proofing their products. So far, it's worked.