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A comment on Intel to spend $20B on two new chip factories in Arizona. Parent comment

Re:Intel to spend $20B on two new chip factories in Arizona by Scoundreller on Tuesday March 30, 2021 @03:20AM (#26631978)
My friend can sell his 7y.o. GPU that he bought 3-4y ago for 50 EUR for 100EUR today. And it’s useless for mining.
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Re:Intel to spend $20B on two new chip factories in Arizona by baybal2 on Tuesday March 30, 2021 @06:21AM (#26632946)
> And it’s useless for mining.

Tell these to people who keep mining at loss for god knows what reason

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Re:Intel to spend $20B on two new chip factories in Arizona by gruturo on Tuesday March 30, 2021 @06:39AM (#26633026)
They may be counting on the price going up in the future, given past trends. It's not like they have to immediately sell whatever they mine.

(Yes, if you are really betting on that, you may as well skip the mining and buy the coins outright, but maybe they have cheap power or other reasons)

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Re:Intel to spend $20B on two new chip factories in Arizona by samvher on Tuesday March 30, 2021 @03:36AM (#26632055)
Even though mining doesn't directly drive up the price of that GPU, it does do so indirectly. Miners push gamers out of the new GPU market so the gamers go elsewhere. And old GPUs can be pretty valuable for making it through the year (while waiting to obtain something better).
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