AMD

CTRL22WTF

Really wish I wouldn't have lost mine... Sidenote, Lisa Su should start anticipating future Zen chiplet demand. AMD going to crush it if XMR adoption continues at the current pace.

MMariota-8

I firmly believe that Vitalik was paid off by some extreme environmentalist groups to end ETH mining. The "impressive" part to me is that they could offer enough money to eclipse the incentives that heavily vested companies such as AMD, Invidia and the ASIC manufacturers must have offered him. All in all, it took money out of a lot of people's pockets and will not have even a remote impact on "climate change", but im sure Vitaboy is laughing all the way to the bank with his bribe money ;-)

DangerousAd1731

Nothing can be louder than the custom AMD Athlon PC setups with windows xp of 2001

americunt2

I sold shares of AMD to buy BTC at $16k and I'm glad I did.

jcpham

A used $500 7970 AMD earned 1 BTC day at the same 2012 time period, more if you hopped pools on long deepbit blocks. Hell if you maintained your own node as a failover mining daemon solo 50btc blocks weren’t too unheard of while the 5 or 6 mining pools in existence were DDOS Buying would’ve worked too but the early mining days were yer fucking haw

PeddyCash

I just don’t see why you would buy crypto when you could buy apple or AMD or MSFT or some other strong as fuck company. Why fuck around with this shit? Y’all buy your shit coins, I will keep buying AMD.

pet2pet1982

What the shit you reposted?! Litecoin is exactly equal to Bitcoin in terms of safety, except state authorities are too lazy to keep surveillance and censorship over Litecoin blockchain right now. Litecoin’s PoW is exactly ASIC-unresistant as Bitcoin one. Did you read the text over link you mentioned? How banal it is?! And fixed non-adaptive block size is as intrinsic to Litecoin as to Bitcoin. REAL SAFE CryptoCurrency is Monero. Only Monero offers ASIC-resistant PoW. Of course you still can make an ASIC for RandomX but it will be as energy-effective as typical Intel/AMD CPU. Monero blockchain is untraceable and Monero units are fully fungible making it a Currency of Paper Fiat grade. Monero has linear tail emission like Gold has. And total supply of Monero will be less than Bitcoin one till year 2040, whole 17 years to wait for! Monero has extremely low tx fees (some 0.00005XMR) and ADAPTIVE block size. All the properties mentioned with novel Monero-Bitcoin atomic swap make Monero THE ONLY CryptoCurrency ready to massive adoption by merchants world wide. And of course, success business since 2014 when Monero was introduced first to the world.

Massakahorscht

First you have to different the function, they most likely would not mine, more try to break some encryption, most likely the easiest first, so the old legacy wallets from satoshi. Also such computers are not like real computers where you can change and make everything with it. You couldnt play a game with it AMD it is very limited and has to be programmed for its use without easy switch to another topic. All in hand of some techcompanies or countries who has to put millions of dollars into it. When somebody has something like that and bad actions in mind no bancaccount or financial World would be safe. For trying to mine btc it is also important to know how fast if Overall possible blocks would be found ? Because even if it way faster but not unrealistic like all in one day, then the difficult will adjust on the same Level which is needed, that the quantencomputer would need arround as much time as the miners need today already

jfhsdkjfhsdkjfhsdkjf

I'm using an external drive, so that's probably why it took so long. AMD A10-5800K 8 GiB DDR3 4 TB WD External Drive over USB 2.0 5.10.161-1-MANJARO

Ajax_A

Intel isn't going to be the market saviour. They came in with only lukewarm pricing this gen, and their cards are horribly broken. They're not going to get any cheaper if they fix issues in Battlemage. I'm sticking with the used market for now. I refuse to support Nvidia or AMD until they smarten up.

Whole_Visible

Too bad Nvidia and AMD still have jacked up prices. I don't know the next time I'll have an Nvidia GPU. Trending towards not having an AMD GPU unless it's a weak integrated on. Now hoping Intel competes on price for a few years before jacking up their prices to Nvidia and AMD prices

coinfeeds-bot

tldr; According to data from Jon Peddie Research, shipments of desktop discrete graphics cards hit a 20-year low in Q3 2022. AMD, Intel, and Nvidia shipped around 14 million standalone graphics processors for desktops and laptops, down 42% year-over-year based on data from JPR. The industry shipped around 6.9 million desktop discrete add-in-boards, the lowest number of graphics cards shipped since Q3 2005. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

yanlisbilgi

3080 MSRP was $700 4080 MSRP is $1200 Of course people won't buy new cards en masse. Nvidia/AMD thinks the inflated prices from last gen (rooted in mining & supply chain issues) can be sustained. I hope they cannot, current gen prices are stupid.

Ragefan66

You ever hear of stonks? Like how AMD went from $4 to $100 in a few years among countless others?

CantaloupeDue3237

Which one you onw rn? Intel 12th Gen or AMD AM4 is way to go... 13th Gen and AM5 are expensive platform upgrades...

commo64dor

Thanks for replying. I am no business or marketing wiz, but sticking to standard terminology makes more sense imho. I actually find the marketing to be quite heavy on blockchain specific terminology. My definition had non, off the shelf computer science terms. Now regarding RISC-V. 1. Again, why is it in the forefront? Is it import on a non technical level? 2. What about security mechanisms like secure enclaves (which these type of products usually rely on). There are some promising ones, but I can imagine non of them are as mature as Intel SGX, AMD SEV or ARM TrustZone

thickskull521

You need a dedicated wallet device, that was built do be a wallet device, to keep your keys safe. Do 30s of research before you call someone paranoid. \[Rule-breaking insults regarding your intelligence go here.\] You are completely wrong, and you don't even need a deep dive this. Every major manufacturer of microprocessors is doing this. In the example of Intel: https://en.wikipedia.org/wiki/Intel\_Management\_Engine The Intel Management Engine (ME), also known as the Intel Manageability Engine,\[1\]\[2\] is an autonomous subsystem that has been incorporated in virtually all of Intel's processor chipsets since 2008.\[1\]\[3\]\[4\] It is located in the Platform Controller Hub of modern Intel motherboards. The Intel Management Engine **always runs as long as the motherboard is receiving power, even when the computer is turned off.** This issue can be mitigated with deployment of a hardware device, which is able to disconnect mains power. Intel's main competitor AMD has incorporated the equivalent AMD Secure Technology (formally called Platform Security Processor) in virtually all of its post-2013 CPUs.\[5\] ... the ME has **full access to memory** (without the owner-controlled CPU cores having any knowledge), and has **full access to the TCP/IP stack** and can **send and receive network packets independently of the operating system, thus bypassing its firewall**.

Healthyred555

If i already have AMD, is nvidia worth getting too? I think amd is more gaming focused

MakeItRelevant

I like the project. Ctsi is on my Web3 bag along with Hnt, Dia, Ar, Dot... Personally, Cartesi's GitHub has been a great place for me to learn about Web3 programming. > Is it a game changer like my friend seems to think, or just another group with an idea and lofty goals? Based on their latest advancements and also on the team quality (take a look at LinkedIn), I'd say it's a very undervalued option. Many IT companies from the stock market (Dell, Intel, AMD, Amazon...) are already diving deep and investing in Web3. I have the feeling that if they don't do that, there will be no future for them. So I'm kind of bullish about what Web3 crypto projects are building.

zegg

And why do you think a certain crypto will grow more than say Google, Intel, AMD, Tesla, Nvidia, etc.?

kiamori

I bought AMD at 1.89, does that count?

SlutsGood-NukesBad

Linux doesn't solve the issue of AMD64 computers not being open source. There's spyware in virtually all consumer 64 bit CPUs so anything stored on regular everyday use devices means **not your keys**

Richard_the_XVIII

I will wait for the "air conditioning unit that mines Bitcoin", the only heater I need in my home is my AMD PC.

ArtyHobo

I'd prob be going BTC, AU, AMD, and maybe some Art

RaYZorTech

I wonder how Monero would fare in such a theoretical attack. How many years of purchasing 100% of AMD's production of cpus before the attack became possible. I think do the math on this one when i get to work today. Im curious if monero would be more resilient to such an attack.

ZZ3xhZz

Just playing advocate here: I generally don't like any finance people but is this guy just punting his sponsor? Like if linus tech tips promotes AMD and they go tits up, its not like it's linus fault that he accepted their sponsorship. I mean would andrei be in the same boat as us if he kept his wealth on blockfi?

crusoe

My AMD went up 10x, games workshop 6x... And I put in stop loss orders that don't mysteriously stop working when the market moves ( lol Coinbase, etc )

SamBankman-Fried

Hope you got in good on AMD

illya-eater

I like AMD more

bbasara007

Bro you bought some trash. AMD at 2$ for a few years man, that was an ez 50xer. Bitcoin sat for years even recently at like 3k. ez 20x. Plenty of chances to make tons of returns and become a millionaire or close to it but you chased absolute trash. wtf is chain group escrow? lmao. You could have just bought VGT or QQQ and gained massivly.

DeafningSilenc

DOES ANYONE KNOW OF AN EXCHANGE THAT HAS THETA AMD ALLOWS U.S. CITIZENS TO TRADE?? I originally signed up for Binance years ago and they have switched to Binance.us for U.S. citizens. I still have some coins in Binance that I can't cash out or transfer to a different exchange because I haven't found one that accepts my coins. Does anyone know of an exchange(s) that you can use as a U.S. citizens and allows trading of THETA, BNB, XMR and TRB? If anyone has any advice for me it'd be greatly appreciated. I've been stuck with these foe over 2 years now unable to do anything with them.

DeafningSilenc

DOES ANYONE KNOW OF AN EXCHANGE THAT HAS THETA AMD ALLOWS U.S. CITIZENS TO TRADE?? I originally signed up for Binance years ago and they have switched to Binance.us for U.S. citizens. I still have some coins in Binance that I can't cash out or transfer to a different exchange because I haven't found one that accepts my coins. Does anyone know of an exchange(s) that you can use as a U.S. citizens and allows trading of THETA, BNB, XMR and TRB? If anyone has any advice for me it'd be greatly appreciated. I've been stuck with these foe over 2 years now unable to do anything with them.

bbasara007

Sound like the typical /r/cc member who has no clue how to invest in the stock market. The returns on crypto are nothing special or unique and I would say you can reliably 5x-10x your money or 100x with options better than some shit coin. There are tons of micro cap stocks on the stock market that give you 10x returns even quicker than bullshit crypto tokens. And ETH isnt exactly all that much better than some high growth etf like the VGT. Hell AMD has given me way better returns buying its 2015 bottom

herefromyoutube

AMD/Nvidia and Coinbase were all up big today as well.

iamsoldats

Forget Google, Nvidia and AMD are losing BILLIONS.

sloe-berry-brain

I understand perfectly, I have been in crypto since 2014, I know Monero removed ASICs. You are equating AMD/Intel to general purpose computers, this is a false equivalency. Look at your PC, how many parts are entirely irrelevant to CPU mining. Certainly all the peripherals, and therefore all the peripheral connectors. What about motherboard components, who needs m.2 or PCI. Why have DIMMs, why bother with an ATX layout, fans, just move to high density blades. At a certain point, the CPUs, start to discard instruction sets not needed for anything but RandomX, perhaps a simplified RISC style CPU. And so on.

simply2interested

this is not true and i think you just do not understand. the current scale isn't what is stopping ASICs from appearing for monero. there existed ASICs in the past when monero was still using CryptoNote and they were made useless when the algorithm was changed to randomx so clearly the incentive is still there. as for "optimized devices" there are actually companies dedicated to making these, they're named "AMD" and "Intel" among others. making a monero "ASIC" is just making a better CPU, which there is already plenty of demand for with or without cryptocurrencies.

zihac

Nvidia has been busted saying they are going to try to keep prices up. But that just gives AMD a chance to move in and take more market share

priba83

He did not reward anyone, he stated that he bought MSRP. The only one that got more money was AMD due to "price bump" between gen

ArtyHobo

The same way AMD bulls have a giggle at NVIDIA?

coinfeeds-bot

tldr; The prices of AMD GPUs are dropping rapidly. The Radeon RX 6900 XT is now at the lowest price it's ever been. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.*

CreepToeCurrentSea

I'd rather have AMD rather than Nvidia to be honest.

CleazyCatalystAD

Netflix, Crispr, Roku, AMD, Nvidia…are these penny stocks, G?

ArtyHobo

Intel/AMD are at 2014 prices

Smiling_Jack_

I also started mining around that time. I'd already finished college, and purchased a GeForce 8800 GT OC as a graduation gift for myself (mostly for Crysis 1). Also had an AMD Opteron that I OC'd about 50%. Can't remember the model, but it was for the 939 socket. I'd seen some folks talking BTC mining on 4chan. The concept was super interesting to me ( I was a math and econ nerd in college, so right up my alley). Mined for a while purely as a hobby, and got pretty decent bag. I ended up upgrading to one of the new Intel Core chips, and reformatted my hard drive containing the BTC wallet when I clean installed the OS. I wasn't even thinking about the wallet tbh, as I had stopped mining months before the upgrade. I was just excited about my new gaming hardware. RIP

Set1Less

Theres off topic and theres not fitting the agenda. Talking about soccer on a business sub would be off topic. [Talking about AMD on r/intel is not off topic.](https://np.reddit.com/r/intel/comments/xrkhfj/why_do_you_prefer_intel_over_amd/)

diskowmoskow

I am holding for new AMD announcements before pulling the trigger. Otherwise i’ll go for old gen RX.

hiredantispammer

Getting a 3070 Ti lower than $380? Market price was double of MSRP just 1 year ago to recently, not used is 60% the cost of a new one. It's a pretty damn good time to buy, or wait for most RTX 4000 series and AMD RDNA3 launch to snag used GPUs, preferably non-mining card.

TNGSystems

Their share price can keep fucking going down until whatever dipshit group of investors they have can fuck off. They’ve titled a card that for all intents and purposes shouldn’t even exist in the 4000 series a “4080” and had the gall to charge $900 for it, when the spec list should put it in the realm of a 4060ti at best. The real 4080 is like $1,200 and then the 4090 is a frankly absurd $1600 or something. Honestly Nvidia can do one. Now more than ever I hope that AMD picks up some serious market share.

Viewstar

I wonder if they'll switch to AMD, like XFX did in the past.

HH0115

Depends how uneducated governments can keep the majority. Adoption needs to hit 3-5%. You need to realize that monopoly power eventually does fall because they fail to innovate. Blockbuster, Kodak etc (from Jeff booth) but look at AMD’s comeback because intel was just coasting for a decade. You also have to realize adoption will happen in different places at different rates according to need. The people who need it the least will see it’s purpose last. In Turkey I saw Bitcoin/cash exchange every block. In the end do you want a bottom up approach or do you want to continue this top down approach? How is the current system working out for everyone around the world? I’ve never seen so many people living in fear in my lifetime. Populism is on the rise in every country. They’re shutting their doors and closing borders. This is why the US and the EU are making their on chip fabs so they don’t have to rely on Asia. But we know that free trade brings down the cost of goods for all through specialization and relative advantages. People are less happy, less healthy, fatter, having less kids, less savings, overly medicated and killing themselves at a higher rate than ever. I’m under the impression that if you let them they will put you in a cage and feed you shit and then over medicated you to make money coming and going because that’s the incentive structure. Recent example? The opioid crisis. The natural cycle of change in nature has those that are learned falling to the learners. The ape that ruled by strength alone so that was all he needed to know is eventually felled by the ape who invents a spear. I suggest you learn to pick up spear.

pbfarmr

The whole ‘reduced lifespan’ due to mining thing is nonsense. There are cards that you may want to stay away from, because people treated them like shit. This is probably more likely with nvidia cards (they have fewer tuning knobs compared to AMD), and even more so for the ones with gddr6. But that’s not a rule, and I can’t really tell you how to distinguish the good from the bad, short of asking the seller what the operating conditions were (climate controlled? Dust management? Undervolted? Core and memory operating temperatures? Etc…) Assuming a professional or responsible amateur miner, I would take their cards over a regular gamers any day. One of the worst things for ICs is thermal cycling, and that happens way more on a card used for gaming (both due to in game load transitions, as well as the fact that gaming is a part time activity). A card used for mining 24/7 will have been operated at pretty constant temps over its lifetime

cobra93360

Well, fooey. All my stuff is AMD.

mr_sarve

here are the requirements you need: Ubuntu 18.04 (required) Dedicated machines only - the machine shouldn't be doing other stuff while rented Fast, reliable internet: at least 10Mbps per machine. 10-series Nvidia GPU (AMD not yet supported, older Nvidia not recommended). At least 1 physical CPU core (2 hyperthreads) per GPU. Your CPU must support AVX instruction set (not all lower end CPUs support this). At least 4GBM of system RAM per GPU. Fast SSD storage with at least 64GB per GPU. at least 1X PCIE for every 2.5 TFLOPS of GPU performance. All GPUs on the machine must be of the same type. An open port range mapped to each machine.

Vesuvias

At least AMD is coming up fast. Nvidia losing EGVA is a huge blow to their margins. They abuse the hell out of their power with AIB partners

MostlyPseudonymous

Bullish for AMD.

fishbake

Yeah, the GPU market is getting crazy right now. There were already too many cards on the market before The Merge happened, now those used miners are spilling into the second hand market right before Nvidia and AMD introduce their next-generation GPUs. I guess it's a good time to be a PC gamer, at least.

CoolioMcCool

There being ASICs that are more efficient than GPUs does not mean it is not ASIC resistant. An ASIC being 2x or 5x more efficient is nothing like BTC ASICs. GPUs were still profitable to mine on and the likes of AMD and Nvidia produce orders of magnitude more GPUs than bitmain produces ETH ASICs.

HellisDeeper

Again, you are doing nothing but whataboutism. This is not about Nvidia/AMD is about how mining produces more CO2 than a phone, that is fact. You have literally no proof otherwise.

EffUtube

Are you an idiot or are you really not even trying to understand? In contrast to hashpower I think meat production alone shits out more CO2. "Miners" are a individuals with already bought hardware. So the hardware made has already exhausted X ammount of CO2. Ergo Nvidia/AMD doesnt give two shits what you do with their cards. The only CO2 miners do actively release is the kW drawn by the rigs. And I know some of them use solar and wind. More then I can say for some nodes running ADA. I am pretty sure not of all the hashpower comes from coal either. All that copper cable going everywhere, no impact either I take it? It was just given to us by mother earth. All the CO2 numbers presented are megahash divided into rigs times energy times COw per kW. Fair? Yeah, sure. Take it you dont drive car either? No farting outside? No meat? You, using reddit for sure has a negative CO2 output.

ziptofaf

Not exactly. There aren't many cryptocurrencies that are worth mining if suddenly number of rigs used raises 10-50x (and that's what we are currently observing) as difficulty raises a lot but coin price - not so much. Especially not with electricity prices rising massively across the globe lately which start cutting into your margins. Plus we are about to see a new generation of hardware soon enough as Nvidia is making their presentation next week and AMD will follow soon after. If someone can get 200 MHash in 200W and your GPU can get 100 MHash in 200W then they only need half the profits you do. ETH was a giant responsible for 90% of all GPU market. It's not a void you can replace over night. At peak moment an RTX 3080 was doing around $7 a day meaning 100 days to pay back. Now however? $1 and it's dropping. If I check profitability charts - yesterday it said $2.3. Today it says $0.6-1. It's a massacre.

LeFabio

AMD also, new gen CPUs looks juicy

ziptofaf

Look at ebay and video card prices. Divide them by 2. That's what it means for miners. Ethereum was responsible for, afaik, 90% of traffic in the GPU mining space. Miners can move to other currencies but this will very quickly rise their difficulty too much making mining unprofitable. It will probably kill off a few cryptocurrencies and, with time, something else might take it's place. Or it might not. With ever so growing electricity prices it becomes hard to support your mining operations without quite high income. Especially since current mining GPUs are about to become obsolete anyway as Nvidia is preparing to release new generation of hardware and AMD will follow soon after (and assuming twice the hashrate at same power draw at current rates it will mean a massive sell off anyway). To really drive this point home - ETH had yearly power consumption of 73 terawatt hours (roughly how much a country of 20 million people needs per year) and each transaction needed an equivalent of 213 kilowatt-hours. Now we are down to 100W per transaction which is kinda more sane.

p4ttl1992

My AMD gpu died 3 months ago so I had to buy a new Nvidia gpu as usual bad timing

hogey74

There you go. An event that distorted the gpu market into crazy high prices will now correct to crazy low prices. Nvidia rode a wave powered by miners and quietly laughed at their consumer base. Those people overpaid for gear that will plummet in value. nVidia has created a large cohort of people ripe for a change of brand. Their quarterly numbers are already down 2/3rds. And they're known to be an arrogant bunch. AMD could do well out of this.

BeerIsGoodForSoul

Does Nvidia and AMD Report how many GPU's the produce? If so couldn't we tame the max theoretical output of all GPU's produced (assuming each and every one of those GPU's are used for mining lol, which we know isn't true) and then subtract that from the network hashrate thus giving us a good estimate of hashrate mined via ASICS? If Nvidia and AMD release data on the amount of GPU's manufactured (not just gaming but also server/business ones too) then I think we could crunch the ASIC hashrate numbers. I'm sure the mathematicians of reddit will have even more ways to get a higher accuracy approximation too lol.

RockEmSockEmRabi

Snagged a 6600XT this year just to hold me over until we see this waterfall of cards hitting the market. Really hope prices continue to drop in retail and resale so that Nvidia and AMD can’t keep gouging MSRP for new cards

SurenRongyao

Nvidia and AMD combinely shipped 50 million GPUs in 2021 For market size comparison.

bbasara007

Where do you guys get your "traditional markets" numbers from? I made a 50x on AMD since 2017. I made a 6x on LCID in 3 months. etc etc. There are so many great gains to be made on the traditional markets. I have turned all those gains into more bitcoin

partymsl

They will fall much more in the coming weeks as Nvidia and AMD were also planning a price drop from their side. So soon we will be buying discounted GPUs for gaming, another good thing coming from the ETH Merger.

luashfu

Omg. You get it!!!! You're a stranger but I wanna talk. I want to somehow make everyone understand that idea..... There are news that worries me like escalating threats between the US and China, news like US restricting NVIDIA and AMD from selling too powerful processes in China just because the military could use it. Not only that but the problem of Ukraine vs Russia as well. Basically what I'm talking about is threat of WW3. WW2 ended because of nukes. And that means, WW3 starting means human civilization as a whole is threatened by extinction from internal conflict! As there's "no way" that WW3 could start when everyone knows the other has nukes. Besides internal conflicts in the human race, there's the issue of environmental deterioration. Global warming/climate change and such, there are two huge issues that could essentially cause humans to go extinct. (Actually overpopulation is also a possibility but that sits under internal conflict because it will probably cause a culling of sorts when resources become scarce.) What do you think? How would you explain your view on this topic? Please answer.

Jin-Sakti

Apart from crashing Nvidia and AMD miner stonks, which would be detrimental to the USA. To move to proof of stake would require changing the code, and no one should ever do that. The only person that has a right to is satoshi. The founder and the person who never sold even one bitcoin. But if satoshi shows up the cia or government would either kill him or turn btc into an instrument of the USA government.

vruum-master

The blockchain itself and pritocol is tough,but everything else leaks due to NSA/CIA stuff.....as with Tor. Those guys work at UEFI/bootloader+hardware level. Even if your miner runs Linux they can launch a zero day attack on all miners and compose back the data if they'd truly want. Intel Managemant Engine is full of holes,so is AMD's version,there are post-production fuses in hardware to ebable or disable "certain features" for consumers vs goverment and so on. Lenovo was caught red handed having capabilities to run code at kernel level by doing BIOS updates , capability that is persistent no matter what you do.

HelpMeSucceedPlz

nah, I gave up. As are many others. Hence the price of GPUs has crashed pretty hard and NVidia and AMD are finally required to come up with something newer/more advanced.

FormerPassenger1558

or sell their cards... expect nvidia and AMD sales to drop... a lot

afunkysongaday

The biggest flaw is not looking at the cost/benefit ratio at all. Even though that's the one metric that matters. No one is against using energy, even large amounts, *in general*. But many people are against using much energy for something that could be achived just as well with just a little energy. In this case: If you want to have the highest level of details and effects, 4k, 240fps on the newest AAA game... you are going to get the latest high end GPU and use that. There is simply no better way of getting that. There is no way to get thet same result while using less energy. If you think you know one: Go to nvidia/AMD, they'll give you millions for lowering the energy consumption of their GPUs just like that. We can argue if you need this level of graphical detail, that's up to debate. But if you want it, there is no more energy efficient way to get it. In the case of BTC it's simply the fact that other cryptocurrencies do exactly what BTC does without wasting that much energy. It's just that from a purely technical standpoint it seems to me other currencies get you the same or better results for way less energy. And that's what makes mining a waste of energy, imho. Now the people that believe in mining will try to convince you PoW is superior to everything else. They'll tell you that somehow only the "Proof" in "PoW" is real proof and everything else is inferior. I honestly don't understand that and again in my view we are long past the point where other consensus mechanisms like PoS had to prove themselves. Many work just as well. But hey make up your own mind maybe the other side is right and there is something I just don't understand that makes PoW so great. DYOR!

Siccors

> When "have fun staying poor" and "that's just FUD" are accepted and common retorts to every question and criticism, the hate is actually understandable. "All this FUD means they are getting afraid of our token, this is bullish!". In general my experience (as pretty much no-coiner) is that there is an inverse correlation between how agressive a token-specific maxi shills their token, and how much they know about it. Typically the general crypto enthousiasts aren't that bad (of course plenty of stuff to disagree on, but enough of those are just decent people to have a talk with). But the token specific maxis are just all horrible. They claim they are open to criticism, but if you are not convinced by their answer to your first question, it means you are just FUD'ing, you don't get it, HFSP, paid by bitcoin maxis who are afraid of their random alt token, etc. (Or in case of bitcoin maxis, paid by central banks afraid of Bitcoin). And definitely the token specific maxis, are some of the most toxic people you can get. Imagine starting with for example a di hard Apple fanboy. Or AMD, or whatever other company. Generally speaking you are not going to have great conversations regarding those topics, with people who manage to fanboy a company. Crypto maxis are like that, but on top of that they have strong financial incentive to shill their crypto to as many people as possible, since that increases the value of their bags.

attofreak

I was with you till at the end, where you expect a rally within a month. This is going to be a long, terrible winter. Daddy Pow is not done shoving interest rate all the way till *at least* 3-4%. Might even go further, depending on how "sticky" the inflation is. And we might be in that "high" inflation environment for at least a few months, if not one whole, painful year. But for long term, this is the way. Everything is dirt cheap. Great stocks like Nvidia, AMD, Intel (might still make a comeback, if in a niche), Google, Amazon -- all are down. Amazon is still in green from May-June, but that's just Amazon. Those planning to hold for at least 5 years, are in for a career (and retirement)-defining rally of their lives, if they have the money to buy up. I am not trying to predict the bottom yet, as I said it will be a long, painful winter. But through the current losses, the sun shall shine on us again.

xaraca

I think it's mostly a reaction to extreme valuations blockchain inspires. It would be like NVIDIA introducing a new chip that they claim solves a new class of problems, causing its stock to skyrocket, when in reality both NVIDIA's and AMD's existing chips can already solve the same problems while consuming less power. Critics would call NVIDIA's new chips unnecessary and caution investors against buying their overpriced stock. It's not that the new tech is "useless" -- it can be used to solve some problems. Critics just think it does so inefficiently and won't be able to compete with existing technology in the long run.

Waddamagonnadooo

I don't agree it strengthens their case - we now have a proven case where the Fed is attempting to modernize their infrastructure which is (in part) inspired by the instantly finality of crypto. And yet, they're still not the same - crypto does much more than that, things like defi in which centralized services can never offer. I have to admit I find this argument odd - we have so many parallel and competing technologies (hundreds of different car manufacturers with their own tech, AMD vs. Nvidia, Android vs. iOS, thousands of companies with proprietary tech doing similar things, etc.) yet somehow crypto is singled out for "not being necessary". It's literally just tech that competes with other tech we have, just like anything else. If crypto pushes the fed to implement instant settlement, that just shows that the demand is there and in fact crypto solves problems that are far from useless.

Jin-Sakti

Nvidia and AMD stonk gonna get clobbered. Since don’t need the graphics cards to pow eth anymore. I’ll buy a little of those 2 stonk when it in the dumpster fire behind wendys.

bbasara007

You can't base your investments on month to month or even year to year swings in price bud. Everything can look better or worse in hindsight. I view this swing down as an opportunity, as would any investor in a stock equity that suddenly has a 50% discount on their company when NOTHING ELSE changes about it otherwise. Im buying up bitcoin, META, SQ, AMD etc.

Legacy-ZA

Here's hoping. This will get nVidia and AMD pricing back in line.