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Comment by TacticalCoder | Hacker News Reader

> ... and driving back up the prices of GPUs as we finally find a use for them

Bitcoin is mined using ASICs while Ethereum is now using proof-of-stake. These two represent more than 30x the value of the next shitcoin (not counting stablecoin).

What coins are still mined using GPUs?

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I don't know, but the price of used 4090s has gone up $500 in the last quarter.

But let's blame it on crypto anyway? This makes zero sense

I've been buying in small bulk quantities from crypto people.

These people told me crypto people are buying the GPUs again. There's even some crypto website they showed me where they get pricing information and comparables.

I don't know or care what coins people mine, just that their activities have restarted and that it's making demand go up.

This is unsubstantiated by the fact that it does not make sense to mine on GPUs. And it hasn't made sense in years.

I don't know what to tell you. I don't have time to get to the bottom of it, this is just what I'm told by my supplier.

You can't think of another thing that is popular now which would be responsible?

Crypto people were never using as many 4090s as they were 4060s and 4070s. Their price has gone up because of the AI craze, not crypto, as they are one of the few consumer nvidia cards with enough ram and compute to run decent local LLMs.

That's because of ML use.

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