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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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[–] • 0 pt

https://www.softwaretestinghelp.com/cryptocurrency-to-mine-with-gpu/

A GPU is a preferable option even when crypto is mineable with a CPU since that multiplies the earnings. With GPU crypto mining, you can hook up to 9 GPUs while for CPU; you can use two unless it is virtual CPUs.

Graphics Processing Units are the most common method of mining cryptocurrencies than even the most powerful ASICs or the lower-end CPU miners. We can still mine hundreds of cryptocurrencies using proof of work algorithms with these devices, and today, they are the entry mining devices for most people. No wonder the cost of GPUs is still high.

You're right in the sense that serious miners will use more dedicated hardware, however you can't deny the versatility of GPUs and their compute units. DLSS and raytracing is extremely computationally expensive, and the fact you can link GPUs in series via PCIe tethering, makes it easier to set up multi GPU systems, than multi CPU systems.

[–] • 0 pt

however you can't deny the versatility of GPUs and their compute units

I never said so. And what you quote confirms what I said that GPUs are used for niche coins.

[–] • 1 pt

And as a good entry level mining rig for its versatility.