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I think a big reason crypto exploded is tied into prices of graphics cards. Anyone else think so? Miners use them to generate coins, and there was a huge shortage of them. The cards released in 2020 were mining monsters, it makes sense that miners scooped them up. The limited supply left for consumers drove up prices 200-300% above MSRP. The graphics card price inflation nearly mirrored crypto.

Now the cards are coming back down in price because in part, China shutting down miners. Now there's a huge used card supply, and sales have hit a dead end. This drives the price of cards down, along with the fact next Gen cards are half a year away. Prices have to come back down to earth and lo and behold crypto follows right along.

Also curious that Blackrock and Vanguard have controlling shares in both AMD and Nvidia. Shows that they heavily manipulate the markets.

I think a big reason crypto exploded is tied into prices of graphics cards. Anyone else think so? Miners use them to generate coins, and there was a huge shortage of them. The cards released in 2020 were mining monsters, it makes sense that miners scooped them up. The limited supply left for consumers drove up prices 200-300% above MSRP. The graphics card price inflation nearly mirrored crypto. Now the cards are coming back down in price because in part, China shutting down miners. Now there's a huge used card supply, and sales have hit a dead end. This drives the price of cards down, along with the fact next Gen cards are half a year away. Prices have to come back down to earth and lo and behold crypto follows right along. Also curious that Blackrock and Vanguard have controlling shares in both AMD and Nvidia. Shows that they heavily manipulate the markets.

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[–] • -1 pt

Definitely not due to crypto. It's due to chip shortages caused by lockdowns. The GPU launches were paper launches with only handfuls of units going out each month. In a real launch they'd be sending hundreds of units to big retailers. This time most were able to get single digit amounts.

Crypto mining on GPU isn't amazingly profitable anymore, unless you're counting on holding the crypto for years ahead of time (which means not recouping your investment in either cards or electricity for years).

[–] • -1 pt

But it was, and specifically because those cards were really good at mining

[–] • -1 pt

Dude, did you not read anything? They were shipping 2-3 cards PER MONTH to major retailers. How do you figure that means that crypto miners were buying up all the cards? Crypto miners have to buy them from retailers like anyone else. They don't get to buy them before they hit stores or some shit.

If major retailers were getting 2-3 cards PER MONTH instead of 500-1000, that's a paper launch not a shortage due to mining.

[–] • 0 pt

AIOs were delivering pallets of cards to miners.