• Frezik@lemmy.blahaj.zone
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    3 days ago

    Bitcoin needs ASICs to run it. GPUs haven’t been viable there for a long time, and ASICs aren’t useful for anything other than the thing they’re designed to do.

    Ethereum used GPUs until it went proof-of-stake, but it was always smaller than Bitcoin.

    Nothing else is big enough to have caused a bubble.

    Most of the AI training is being done in brand new datacenters on brand new GPUs. Those Ethereum GPUs mostly got dumped on eBay.