nvidia and amd both working on "cryptomining only"

>>61008580
>what is stopping an already multi millionaire crypto miner from ordering everything amd/nvidia can produce for 12 months straight?
They can't buy anything but black market heroin with it.

It has never been easier to cashout your bitcoins.
Only poor nocoiners keep that dumb meme thay crypto is for drugs.

>>61008580
>nvidia and amd both working on "cryptomining only" video cards.
This is a weird concept. Last time I checked they were only marginally cheaper ($10?$20?).
It's weird because anyone who buys those will necessarily forfeit the ability to dump back the video cards into the normal gaming market if the need so arises.

>>61008580
>what is stopping an already multi millionaire crypto miner from ordering everything amd/nvidia can produce for 12 months straight?
Because it's a dumb or extremely risky investment. The whole ethereum difficulty bomb / Proof of Work (pow) to Proof of Stake (pos) transition drama will happen in the next few months / years.

tl;dr version:
Either A) they will hardcode an update to the protocol that removes ethereum mining and changes it to virtual mining, where you deposit your coins in a smart contract and some days or weeks or months later you get them back plus some "interest" proportional to the amount you deposited
Or B) mining will become useless because of the exponentially increasing difficulty that is already in place

Check out the key works if you want more detailed information. Or watch Vitalik's talk on the subject: https://www.youtube.com/watch?v=bSdwqa3Yl0Q

FUCK OFF BACK TO >>>/biz/
YOUR CANCER DOES NOT NEED TO METASTASIZE HERE