Hadn’t bitcoin not been viable on GPUs for over a decade? Most of the cryptocurrency hype was mining other coins on GPUs, or using them to do blockchain calculations for NFTs and things.
That was barely a year or two. Bitcoin wasn’t very popular globally speaking when the first ASICs already was in development, and in between the two there was FPGA mining
AI messed up GPU prices even before AI was really a thing. When everyone was caught up in the Bitcoin hype, Nvidia already focused completely on AI instead of banking on the crypto hype, neglecting consumer GPUs. And we still feel that today.
There are a lot of “refurbished” drives from when the Chia bubble popped (a useless shitcoin that wasted HDD space with garbage data as a proof of cryptographic work)
HDDs used for chia mining or similar shitcoins have been used for just a full wipe to create the huge rainbow table or whatever the shitcoin needed and then left on idle with very little read activity for years
It’s not the typical “end of life” server HDD with 80k hours of 24/7 full use
This makes me think: if chia and similar coins simply generated the monopoly money by “finding the right numbers on the right rainbow table” … were they a covert way for some government to have a distributed decryption network? Especially thinking how popular it was in china
Not really. Wrong type of math, not practical to reuse to break cryptography. There’s similar techniques that can be used against some algorithms, but not when set up like that.
When the AI bubble pops we’ll all be too broke to buy any PC anything.
The Buffett Index, America’s total stock valuation vs. GDP, is at 200%. It was around 130% in 1929, 2000 and 2007. Guess what? Chicken butts. (is what we’ll all be eating)
THIS is what I’m looking forward to. I’m guessing it’ll start sometime next year, so shortly after Christmas '26 will be the optimal time -at least that’s my long-term plan.
Wish I could confidently say that it is going to pop soon, but I am not sure the current rebound is the bull trap. Maybe the correction was just a small blip in a huge bubble…
Required message that “raid is not a backup [solution]”, it’s an uptime and recovery system.
My primary server uses raid along with snapshots, full local backups, and off-site backups for critical data to two different cloud providers on different continents.
My second server backups images to the primary. My vps also backups to the primary. Both get the raid and snapshot treatment, and local, but not cloud. Gaming servers, boinc, and home assistant aren’t ‘critical’ :p
So, if the AI bubble pops, it’ll be a great time to build a PC
Like there won’t be some other hype to immediately take it’s place. Just like Bitcoin GPU prices never collapsed because it went right into AI hype.
The next hype lined up is quantum
Tbf Bitcoin didn’t fuck with the GPU market, that was more etherium’s doing
Bitcoin trashed the GPU market before moving on to Asics. Then other coins kept going on GPUs.
Hadn’t bitcoin not been viable on GPUs for over a decade? Most of the cryptocurrency hype was mining other coins on GPUs, or using them to do blockchain calculations for NFTs and things.
Til. I’ve only ever seen the application specific boards for Bitcoin.
That was barely a year or two. Bitcoin wasn’t very popular globally speaking when the first ASICs already was in development, and in between the two there was FPGA mining
Im seeing a pattern here (capitalism)
AI messed up GPU prices even before AI was really a thing. When everyone was caught up in the Bitcoin hype, Nvidia already focused completely on AI instead of banking on the crypto hype, neglecting consumer GPUs. And we still feel that today.
*Home server farm.
There are a lot of “refurbished” drives from when the Chia bubble popped (a useless shitcoin that wasted HDD space with garbage data as a proof of cryptographic work)
Data storage devices are the last items you wanna buy second hand though. A drive failing could mean much more than just having to buy a new one.
HDDs used for chia mining or similar shitcoins have been used for just a full wipe to create the huge rainbow table or whatever the shitcoin needed and then left on idle with very little read activity for years
It’s not the typical “end of life” server HDD with 80k hours of 24/7 full use
This makes me think: if chia and similar coins simply generated the monopoly money by “finding the right numbers on the right rainbow table” … were they a covert way for some government to have a distributed decryption network? Especially thinking how popular it was in china
Not really. Wrong type of math, not practical to reuse to break cryptography. There’s similar techniques that can be used against some algorithms, but not when set up like that.
When the AI bubble pops we’ll all be too broke to buy any PC anything.
The Buffett Index, America’s total stock valuation vs. GDP, is at 200%. It was around 130% in 1929, 2000 and 2007. Guess what? Chicken butts. (is what we’ll all be eating)
I thought similar during the GPU crypto mining phase. There’s always something blocking cheap PCs.
THIS is what I’m looking forward to. I’m guessing it’ll start sometime next year, so shortly after Christmas '26 will be the optimal time -at least that’s my long-term plan.
Wish I could confidently say that it is going to pop soon, but I am not sure the current rebound is the bull trap. Maybe the correction was just a small blip in a huge bubble…
Be a great time to set up RAID storage systems (or whatever I’m not that techie) mmmmmmm I cannot waaaaait to have something resembling a backup.
Required message that “raid is not a backup [solution]”, it’s an uptime and recovery system.
My primary server uses raid along with snapshots, full local backups, and off-site backups for critical data to two different cloud providers on different continents.
My second server backups images to the primary. My vps also backups to the primary. Both get the raid and snapshot treatment, and local, but not cloud. Gaming servers, boinc, and home assistant aren’t ‘critical’ :p
I’ll pray for this outcome, I need something that can actually run Unreal(requirements) Engine 5 games