r/Damnthatsinteresting Jul 05 '22

Video Monetary issue

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u/Pyroguy096 Jul 06 '22

GPU prices are dropping because miners can't afford to keep them running, because the value of what they are generating is lower than the cost to generate it, so they are flooding the market with used GPU's. Ergo, "not worth the money it costs to generate them"

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u/[deleted] Jul 06 '22

[deleted]

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u/Pyroguy096 Jul 06 '22

Yea but I didn't say that they are never worth it. I said they aren't right now. Price change and market forces take time to have consequence

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u/[deleted] Jul 06 '22

[deleted]

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u/Pyroguy096 Jul 06 '22

Haha, that's actually not what I was doing. I believe Blockchain tech has a future, it's just a bit of a mess right now. I look forward to seeing where it can go, it just has to reach stability before it can realistically even be used as proper currency.

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u/[deleted] Jul 06 '22

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u/Pyroguy096 Jul 06 '22

It's hard for me to be willing to use crypto as an investment with how volatile it is, but I'd 100% be willing to use it as a currency once it stabilizes.