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TLDR: Yes.

Yup. The answer is simply yes.

Don’t look for a zebra when all you have is a horse.

More nuanced TLDR from the actual article:

> We can see a correlation between GPU prices and the value of crypto currencies, but correlation does not mean causation. A causation is plausible in this case.

Indeed. A quick search shows chip supply side issues are a big factor. Increased demand, reduced supply.

https://www.pcgamer.com/why-you-still-cant-buy-a-graphics-ca...

.

Read the article. The author corrected for the overall market trends using linear regression.

This would show up in the CPUs. But their prices are stable.

For me, that indicates that it's not a "general chip shortage" issue (i.e. not "ASICs are making the chip shortage worse" either), at which point https://news.ycombinator.com/item?id=29766829 makes it hard to see the correlation as caused by cryptocurrencies.

Reply on news.ycombinator.com