AI messed up GPU prices even before AI was really a thing. When everyone was caught up in the Bitcoin hype, Nvidia already focused completely on AI instead of banking on the crypto hype, neglecting consumer GPUs. And we still feel that today.
I was about to post this, but call it virtualized quantum.
It’ll probably just be LLMs claiming to have the same probability as a quantum calculator and just spit out made up primes so long we wont be able easily check them.
That was barely a year or two. Bitcoin wasn’t very popular globally speaking when the first ASICs already was in development, and in between the two there was FPGA mining
Hadn’t bitcoin not been viable on GPUs for over a decade? Most of the cryptocurrency hype was mining other coins on GPUs, or using them to do blockchain calculations for NFTs and things.
Ethereum formally introduced the concept of smart contracts, and they had serious potential for modernizing financial contracts and push back an entire predatory industry of leechers, but instead it was used to create meme-coins and scam coins and ruined it all.
It’s move to proof of stake instead of proof of work dramatically reduced its energy usage, and makes it a actually scalable, but the masses lost interest when they couldn’t just make money off a few GPUs and turned to the aforementioned shit-coins built on the Ethereum network.
Ethereum is not bad, it’s one of the better ones. It’s just kind of responsible for the explosion of shit/scam coins, because people are shitty scammers.
The shitcoins were a thing also without ethereum, there was even a shitcoin generator website, pay 0.1 BTC (when it was worth like $100), upload your icon, choose the name, and download the compiled clients for mining that shit
Like there won’t be some other hype to immediately take it’s place. Just like Bitcoin GPU prices never collapsed because it went right into AI hype.
AI messed up GPU prices even before AI was really a thing. When everyone was caught up in the Bitcoin hype, Nvidia already focused completely on AI instead of banking on the crypto hype, neglecting consumer GPUs. And we still feel that today.
Im seeing a pattern here (capitalism)
The next hype lined up is quantum
Fortunately they won’t need most normal PC hardware for this. At least not CPU’s and GPUs AFAIK.
“Quantum emulation” all the hype, 1/1000th the efficiency, 1000X the excuses to sell hardware
I was about to post this, but call it virtualized quantum.
It’ll probably just be LLMs claiming to have the same probability as a quantum calculator and just spit out made up primes so long we wont be able easily check them.
Tbf Bitcoin didn’t fuck with the GPU market, that was more etherium’s doing
Bitcoin trashed the GPU market before moving on to Asics. Then other coins kept going on GPUs.
That was barely a year or two. Bitcoin wasn’t very popular globally speaking when the first ASICs already was in development, and in between the two there was FPGA mining
Hadn’t bitcoin not been viable on GPUs for over a decade? Most of the cryptocurrency hype was mining other coins on GPUs, or using them to do blockchain calculations for NFTs and things.
Til. I’ve only ever seen the application specific boards for Bitcoin.
Which is even sadder because Ethereum has always been a trash coin.
Why? And which coins are good?
Ethereum formally introduced the concept of smart contracts, and they had serious potential for modernizing financial contracts and push back an entire predatory industry of leechers, but instead it was used to create meme-coins and scam coins and ruined it all.
It’s move to proof of stake instead of proof of work dramatically reduced its energy usage, and makes it a actually scalable, but the masses lost interest when they couldn’t just make money off a few GPUs and turned to the aforementioned shit-coins built on the Ethereum network.
Ethereum is not bad, it’s one of the better ones. It’s just kind of responsible for the explosion of shit/scam coins, because people are shitty scammers.
The explosion of scam coins was basically inevitable, it’s what you get with zero regulation.
Most of the shit meme coins are on Solana.
Does Solana benefit from that?
It has the most transaction volume of a blockchains by some margin. Not everything on there is meme coin. There’s quite a lot of defi
The shitcoins were a thing also without ethereum, there was even a shitcoin generator website, pay 0.1 BTC (when it was worth like $100), upload your icon, choose the name, and download the compiled clients for mining that shit