Nvidia exits crypto

it's now confirmed that the crypto bubble is over

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PoS is the future anyway, PoW is too inefficient to scale

Kek excellent

>NVDA declines based on lowered guidance due to subsiding demand for hardware for cryptocurrency mining
REEEEEEEEEEEEEE I thought that """news""" was priced in already!!!!!!!!!!

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This.

Thus why ETH will rule the world.

GPU's cannot compete with ASICSs anymore. They were able to churn a profit last year, but the difficulty has risen to a point that GPU miners are forced to cease operating.

Thanks. I unironcially just market sold everything. This is fucking huge.

brainlets

This. NVIDIA can't produce asics for some reason. They just create massive GPUs. They'll lose out on AI because it too... they have a stranglehold on the software right now but that will change.

top kek

>you don't actually have to pay for nice things like security
>thermodynamics doesnt real d00dz

the absolute state of new friends

video games are for losers

This. /Thread

If I'm not paying for electricity and being a leech why is mining not profitable with gpus anymore?

Brainlets. There are algos still unprofitable to make asics for, therefore gpus. New gpu algos pop up all the time so once asics overtake a coin gpu miners move to new coins.
The day asics take over the entire market is the day only 30 or so alts are left, which i dont see happening any time soon.
This is fud from nvidia to get gpu miners to sell cheap so they stop getting harassed by butthurt gaymers. Gpu mining still profitable

Should someone tell Nvidia?

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This is true

Asic is stupid

Gpu is democratic

miners are just waiting for the 20xx cards to release, thats why their sales are down for crypto. the buyers will be back, especially with the next bull run

>This is fud from nvidia to get gpu miners to sell cheap so they stop getting harassed by butthurt gaymers. Gpu mining still profitable
>implying nvidia gives a shit who gives them money
holy hell, what a baggy.

I mean, obviously the GPU mining trend follows the same exact trend as crypto prices. NVIDIA saw a fucking HUGE uptick in Dec/Jan which has now dropped off by 95%. That's common fucking sense. They'll be singing another tune during the next bull run. This isn't fucking rocket science.

ASICS are a niche. To create a mining ASIC you need someone that truly understands the hashing algorithms and they have to be able to translate into transistors on a chip. Not many people out there that can do this, and would be willing to go work for a company like Nvidia

they do give a shit about gamers, thats why they launched those failed crypto gpus without display ports, brainlet

>college dropout who remember nothing about physics and got lucky with bitcoin because he played wow all day thinks people will be coerced into silence by hammering "thermodynamics" like a power word
this isn't one of your superhero comics, lardman

Yep. Interestingly AI should be able to do this eventually, so maybe they get good at it?

pow is so centralized that only asic owners have a say in the network

FUCK NEW TECH GPU IS DEMOCRATIC

ASIC IS SPECIAL

STOP MAKING SHIT SPECIAL

USE COMMON SENSE

PoS is a so hyped that I'm pretty sure it will shit the bed.
People are overfocused on the "wasteful" and "ASIC" memes not realizing that Proof of Stake has no mechanisms to incentive liquidity and the price will be 100% speculative unlike PoW coins which are at least partially pegged to the energy generated to create them.

I don't even speak how PoS have a shitton of potential security issues between the extreme difficulty to generate a truly random algorithm.

But the worst part is how it will create UNMOVABLE cartels, right now Bitmain is dominating Bitcoin but they can actually lose to a third party if it comes with better ASICs, with PoS they can't.