Good news about all those chucky tokens is that gpus will iterate and innovate much faster than otherwise.
NVIDIA at least have been trying anti-cryptomining measures in their firmware. A form of defensive innovation, I suppose.
The crypto advocates really do not want to hear it, but their proof-of-waste scheme has big negative externalities for other people.
Of course it is.
If revenue fell by 90%, nvidia would spend much less on R&D and progress would be much slower.
If revenue doubled, nvidia would spend much more on R&D and progress would speed up.
If revenue fell to $0, nvidia would go out of business, spend $0 on R&D, and progress would halt.
There's a direct, although not linear, relationship. The more money there is, the faster progress is (as long as you trust nvidia to spend it wisely and execute)
I don't mine crypto, but I like fast tech, so I say let the money keep flooding in so we all benefit.
In fact buttminers create a new risk for the vendors: whenever buttcoins seriously crash, the market will suddenly be flooded with used GPUs.
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