Re:What if Bitcoin went to zero?
by ackbar03 on Sunday September 05, 2021 @03:41AM
(#28422301)
Then I can finally afford to buy that graphics card
[ Parent
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Re:What if Bitcoin went to zero?
by CryptoPunk on Sunday September 05, 2021 @04:09AM
(#28422426)
Bitcoin mining hasn't relied on graphics cards in years. SHA2 calculations are highly amenable to ASIC speedups, so ASICs took over Bitcoin mining pretty early in its history.
Re:What if Bitcoin went to zero?
by strogonoff on Sunday September 05, 2021 @04:18AM
(#28422457)
I didn’t downvote you, but your point does not necessarily invalidate the point you responded to. The whale of cryptocurrencies more or less props up all of the smaller coins, which are relying on GPUs and even SSDs/HDDs in mining. It goes down, they could lose enough of value to suffer their own runaway effects, and crashes will make PC gaming and computing overall much more affordable.
Re:What if Bitcoin went to zero?
by CryptoPunk on Monday September 06, 2021 @01:09AM
(#28430515)
That other cryptocurrencies would depreciate in the event of Bitcoin's dissapearance is a highly debateable point.