The Tweet that wiped billions of dollars off the crypto market cap.
(mobile.twitter.com)
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Let's hope it crashes enough to flood the market with used mining graphics cards.
cries in crypto losses
At least it was only 5% of my portfolio, a few people I know had 20-30% crypto and they'll be on suicide watch today.
Not everyone with massive crypto portfolios are miners
Hardly anyone, most crypto investors are just chasing gains. Miners usually instantly dump to buy more mining equipment.
They don't use GPUs any more; haven't for a few years.
It's all custom hardware now.
For bitcoin maybe, most of the other crypto can be mined on GPUs. I think Ethereum is the big one right now.
Personally I am very excited to see crypto crash fucking hard
Miners have destroyed the price of gpus. I saw Nvidia GTX 1060s selling for like 550 dollars when their MSRP is about 200 dollars.
Maybe now my friend can finally buy a decent gpu at a reasonable price.
Is that still even a thing? Last I read (years ago) that graphics card are too slow and serious miners use dedicated hardware specifically designed for mining crypto.
They still are buying up all the gpus :(
Bitcoin growing drags growth of other memecoins, which are very effectively mined on GPUs.
It seems a lot of people today are mining Ethereum with gpus.