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A comment on Bitcoin (BTC) is up by +22% in a single day, valued at over $14,600. Parent comment

Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by paulpauper on Wednesday December 06, 2017 @08:15PM (#15866746)
I suspect some of the money that chased dotcom stocks in the 90's is chasing bitcoin and alt coins. There hasn't been a stock bubble since the 90's, so I guess bitcoin fills that need to speculate, that the stock market is not providing.
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Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by amorphid on Wednesday December 06, 2017 @08:33PM (#15866850)
I wonder if my stock market portfolio has any real exposure to Bitcoin tanking.
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Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by charlesdm on Wednesday December 06, 2017 @08:38PM (#15866875)
Have a look at NVDA and AMD -- crypto mining is most of the reason why they went up so much.
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Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by worldburger on Wednesday December 06, 2017 @08:55PM (#15866970)
This is provably (and factually) incorrect.

Crypto mining has been a portion but in no way “most of” the reason NVDA and AMD have risen. Machine learning, AI, and self driving are completely reliant on the products provided by the aforementioned.

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Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by em3rgent0rdr on Wednesday December 06, 2017 @09:14PM (#15867058)
I would think miners are purchasing ASICs now, not GPUs.
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Re:Bitcoin (BTC) is up by +22% in a single day, valued at ov... by tudorconstantin on Thursday December 07, 2017 @01:16AM (#15868036)
There are coins that can't be mined on ASICs and they're only profitable to be mined on GPUs - Ethereum and zCash are 2 examples, but there are many more.
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