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henearkr

Excellent. I'm happy that this is happening.

I hope this will continue steadily downwards.

This is very good for the Earth.

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and for AI industry as well, hoping the RTX cards will get affordable someday...

Isnt that majority of miners use custom made chip these days?

If that were the case, prices of graphics cards wouldn't have dropped by half after the crackdown:

https://www.pcgamer.com/chinese-market-gpu-prices-drop-amid-...

GP is correct for Bitcoin. The crackdown on mining seem to applies to all cryptocurrencies though, just based on power usage, so GPU based operations will be affected as well.

Bitcoin mining does not use graphics cards. Currently, they're too slow to make this process profitable. It's ASICs that do all the Bitcoin mining.

The price of other crypto is essentially pegged to the stability and value of Bitcoin either directly or indirectly.

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