Development of domestic chip manufacturing might even start to become a national security concern, leading to even more money flowing in on top of the money coming from crypto miners.
Also, my concern is not for data centers running creepy ML models that invade users' privacy, but for the average home user who wants to get started with ML and at the same time get decent frame rates when they play a game.
Getting started with ML doesn't require a GPU at all. Realistically, any video card or even a modern CPU is more than sufficient to get started with ML learning.
It's a myth that $1000 gaming video cards are necessary or even helpful for learning basic ML.
My argument is they should and could have scaled up the production rather than just shuffling around which group they hurt or help at the expense of which other (be it miners, ML folks or gamers). This isn't the 'right thing', it just helps the group you prefer on this round.
A sudden implosion of demand combined with a flooding of the used GPU marked. Better not plan on bringing out any new GPU architectures when your warehouses are still full of the previous generation.
I'd rather they have scaled up the demand. They've had years of this to take the higher profits and invest them. Even if people don't use them for mining, the demand for Machine Learning is there - instead GeForce cards have been banned for use in data centers for years. Not to mention that the crippling of 3060 would be trivial for mining operations to get around.