Are cryptocurrencies to blame for high GPU prices?

Re:Are cryptocurrencies to blame for high GPU prices? by itsoktocry on Saturday January 01, 2022 @07:27PM (#29764409)

>Once they successfully do the attack, they can take over the blockchains and allocate all cryptocurrencies to themselves, cash out, and it'd probably register as a good profit on their income statements.

So they're going to manage to not sell any cards (without disclosing that as a public company), set up the infrastructure and do a 51% attack on bitcoin in front of everyone, then "cash out" as if there would be people lined up waiting to buy bitcoin when this has just happened in front of their eyes?

Unlikely.

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Re:Are cryptocurrencies to blame for high GPU prices? by bittercynic on Saturday January 01, 2022 @07:37PM (#29764472)

I hadn't considered this before, but that's a really compelling reason that a 51% attack would not be worth anyone's while. Seems like a successful 51% attack would just wreck bitcoin, and there wouldn't be any way to cash out.

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Re:Are cryptocurrencies to blame for high GPU prices? by johnny22 on Sunday January 02, 2022 @03:17AM (#29766854)

you only 51% this stuff if the goal isn't to make money, but something else.

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