Re:Cryptocurrencies add nothing useful to society, says chip...
by flandish on Sunday March 26, 2023 @02:27PM
(#35317725)
Reminder: when a corporation says “useful” they mean “profitable.” I’m not on the crypto bandwagon, I just want folks to take anything a corp says with a grain of salt.
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Re:Cryptocurrencies add nothing useful to society, says chip...
by hfsygcf on Sunday March 26, 2023 @02:40PM
(#35317878)
That may be your opinion but it doesn’t make any sense in this context. NVIDIA profited enormously from the crypto boom.
Re:Cryptocurrencies add nothing useful to society, says chip...
by DANmode on Sunday March 26, 2023 @02:33PM
(#35317787)
"Look, shiny and unoptimized AI model code!"
Re:Cryptocurrencies add nothing useful to society, says chip...
by jfengel on Sunday March 26, 2023 @02:59PM
(#35318141)
In this case they may well imply each other. If there were uses, it would likely be profitable for them.
Re:Cryptocurrencies add nothing useful to society, says chip...
by rvz on Sunday March 26, 2023 @03:34PM
(#35318608)
> I just want folks to take anything a corp says with a grain of salt.
Exactly. As soon as Ethereum switched to a more emissions friendly consensus mechanism, there was no need to use wasteful GPUs which already were burning up th e planet.
Of course a shovel maker would now see GPU mining as unprofitable. As long as AI is still inefficient in the way it goes by training neural networks, then Nvidia will always be its shovel maker (until someone finds a cheaper and efficient alternative way that doesn't require GPUs)
Re:Cryptocurrencies add nothing useful to society, says chip...
by partiallypro on Sunday March 26, 2023 @03:49PM
(#35318777)
Does your comment also cover not trusting exchanges that back stable coins with pure fraud or pump and dump coins before listing them on their exchanges... Or does this only cover companies and individuals that think crypto has yet to find a good Avenue in society?