Quote:
Originally Posted by mikemhg
I get all that, but the problem I'm finding as an actual consumer of electronic products, bit mining is affecting stock on all levels as a results of this mining:
https://www.tomshardware.com/news/gp...iners-ethereum
I have no doubt that bit mining is also affecting PS5 stock due to overall component shortages along with the obvious GPUs. The problem at least for me is that when you have folks purchasing GPUs solely for the purpose of bit mining, it affects the gaming market.
If a person building a PC and looking to purchase a GPU for gaming suddenly can't purchase a card for a reasonable price, they won't. That results is a drop in game sales, which can thus affect the industry for creative purposes. Less games will be made, which also has an effect on the console market, it all cascades down.
Add that to the people who are now also scalping cards to sell to bit miners, this also create pressure on further development because those cards could be sitting in a PC of someone who will purchase a game or software, and is not. |
On the other hand if you own a gaming computer you can use it to mine to make some extra money.
You have investment firms who have racks full of servers that trade the same stock a thousand times a day.
Crypto is helping distribute wealth. You have people who have made billions or millions but you have lots who have made hundreds of thousands. Life changing money for many people.