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by dd8601fn 4 days ago
I'm still surprised that cryptocurrency fucking the GPU market was just a warm-up for the real supply chain shortages.
2 comments

Future humans realized AI was the only way to beat the aliens and sent a message to the past with instructions to invent crypto so that the infrastructure would be ready for the majority of timelines.
Good point, everyone was expecting GPU prices to go down and all crypto bros to drop their mining rigs, but they can just repurpose them now...
I thought anyone serious about mining switched to ASICs and custom hardware a while ago. At least for BTC and maybe eth, a custom asic setup is ~2-3x more profitable
Yep. You've got it right.

BTC has been an ASIC game for a very long time. GPUs haven't been profitable there since the ASICs showed up a dozen or so years ago (with odd exceptions where power is "free").

Eth kept hitting the GPU market hard until ~4 years ago, when the network switched from proof-of-work to proof-of-stake. That cut the home-gamer hobbyist miners out rather completely.

(That last one kind of sucked for me. When my office-room had resistive heating, I rather liked getting paid for my otherwise-idle GPU to make heat for me in the winter time. It wasn't much, but >0 is more than <0.)

Ethereum switched to proof of stake in 2022. The cryptocurrency inflicted GPU shortage began in 2017. You're talking about an event that is basically a decade ago at this point.