Saving the Tech Industry

[bottlecapper]

Does anyone think mining was created to boost or save the tech industry in terms of hard goods?  I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales.   It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?

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I highly doubt Nvidia or AMD had any part in creating Bitcoin as a way to increase demand for their products.

That being said, they sure are benefiting from it, and they certainly would benefit from ensuring that PoW continues to be the dominant force of the blockchain.

[ktabb]

No I think it just makes logical sense. The process of mining and the process of rendering graphics are both the kind of tasks that stand to benefit greatly from parallel processing, so it makes sense that graphics cards are optimized for both tasks. It's just a coincidence IMO.

Also I think the hardware industry would be perfectly fine without bitcoin/crypto mining. They have a lot of other massive and rapidly growing businesses like gaming, AI, etc.

[stevano]

Does anyone think mining was created to boost or save the tech industry in terms of hard goods?  I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales.   It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?

it may well have been such a goal but now it is different again, now for the future of a decentralized financial system, so that everything is transparent, all this is the result of technological sophistication and useful for all circles

[bottlecapper]

No I think it just makes logical sense. The process of mining and the process of rendering graphics are both the kind of tasks that stand to benefit greatly from parallel processing, so it makes sense that graphics cards are optimized for both tasks. It's just a coincidence IMO.

Also I think the hardware industry would be perfectly fine without bitcoin/crypto mining. They have a lot of other massive and rapidly growing businesses like gaming, AI, etc.

some time ago bill gates was quoted as saying " I dont see any reason why people would need anything more then windows 3.1"  with that being said and video cards being able to produce more then necessary in terms of graphics, I find only one thing driving this beast, that being mining. The AMD vega apparently being sold with double the amount of memory that can currently be utilized only leads me to think of wasteful or rather future production in mind.  the nvidia 1060-1080 all have the same processing units with only the more expensive models ie 1080 running at full potential.  This isnt about graphics or proper marketing ethics.  There is a reason your bumber is not made of hemp fiber and its not because hemp isnt useful.

Can some one please comment on why then tangle is not taking the cryptos by storm.

[bottlecapper]

I highly doubt Nvidia or AMD had any part in creating Bitcoin as a way to increase demand for their products.

That being said, they sure are benefiting from it, and they certainly would benefit from ensuring that PoW continues to be the dominant force of the blockchain.

I fully agree but i would wager all my cryptos on them to have created ETH to boost sales so production lines would not be bleak.  a car and a video card a two very seperate things.... do you know how many car plants shut down?

[The_Dark_Knight]

Does anyone think mining was created to boost or save the tech industry in terms of hard goods?  I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales.   It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?

You are just seeing what you want to see, whenever there is a new invention there are people that benefit from it even if they did not collaborate with the project, second it is not like the tech industry is suffering, wherever you look you can see people with smartphones or ipads, they are selling computer and all kind of goods, so I do not see the tech industry losing any kind of steam, if anything things are going to keep getting better once we have new technologies like robots and the like.

[jjacob]

Does anyone think mining was created to boost or save the tech industry in terms of hard goods?  I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales.   It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?

Proof of work might have resulted in increased demand for tech goods, especially chips, but it would be far fetched to say that it was created to save the tech industry. If we do move away from Proof of Work, I think the primary reason would be the huge consumption of electricity, rather than anything else.

[Briancoll]

Mutual benefit from the mining and sales of video cards. Why do not they raise the price of their products if it is so in demand. Therefore, you can say demand creates a price, but now home mining at such prices disappears or becomes minimal.

[cloudproject]

Mutual benefit from the mining and sales of video cards. Why do not they raise the price of their products if it is so in demand. Therefore, you can say demand creates a price, but now home mining at such prices disappears or becomes minimal.

They already have a graphic card for mining. But the price too damn high for them so they buy graphic for gaming because it cheap and good to be mining too. This thing is bad news for gamers because price already high due the high demand and something like this is off target market.
below this about that news

https://www.polygon.com/2018/1/23/16921356/nvidia-graphics-cards-sold-out-cryptocurrency-miners

[frowsiter]

Don’t believe that.

The tech industries are already ahead of their time and who imagined that we will go from video games to all the way up 3D Xbox in such short period of time. When bitcoin was being programmed (blockchain certainly) then these industries must have never heard of it unless and until the mining started taking the leap.

It was simple demand and supply ratio that driven these industries upto the next level of manufacturing and modifying their techs.

I’m sure if there was any conspiracy between the tech industries and formation of crypto currency then big giants like Microsoft, Apple, Intel would have already been running it with their own set of rules.

[ainunfm]

Mutual benefit from the mining and sales of video cards. Why do not they raise the price of their products if it is so in demand. Therefore, you can say demand creates a price, but now home mining at such prices disappears or becomes minimal.

They already have a graphic card for mining. But the price too damn high for them so they buy graphic for gaming because it cheap and good to be mining too. This thing is bad news for gamers because price already high due the high demand and something like this is off target market.
below this about that news

https://www.polygon.com/2018/1/23/16921356/nvidia-graphics-cards-sold-out-cryptocurrency-miners

Thats right some miners likely to buy gaming graphic card rather graphic card for mining because the price is cheap. But if deman rising high and price is rising high too. Is just poor to gamers who can't buy their stuff because of miners

[Hirameki]

No I think it just makes logical sense. The process of mining and the process of rendering graphics are both the kind of tasks that stand to benefit greatly from parallel processing, so it makes sense that graphics cards are optimized for both tasks. It's just a coincidence IMO.

Also I think the hardware industry would be perfectly fine without bitcoin/crypto mining. They have a lot of other massive and rapidly growing businesses like gaming, AI, etc.

For me, the hardware industry will boost this year because of bitcoin/crypto mining specially there are projects that combines cryptomining and AI technologies to blockchains and I hardly believe that in the near future, the blockchains are adoptive because of technological advancement in both hardware and software.

[player514]

Does anyone think mining was created to boost or save the tech industry in terms of hard goods?  I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales.   It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?

Eh that's a bit of a stretch, especially because mining Bitcoin was not a new concept during those years. I'm sure that mining Bitcoin goes back to around the 2010's, so when you take that into perspective, it's hard to justify the "saving the tech industry" idea.

I do agree though that clearly mining has boosted the gpu sales and it's probably started to push companies towards development much faster than before. Since graphics cards are selling like hotcakes, it makes sense that the company would want to keep making them better and better.

[Hy1085]

Mining industry definitely benefit from for mining. Hardware is a big industry and have survived for decades, crypto does help but I believe it is only a small portion of the total sale.
On the other hand, Mining is a disadvantage for bitcoin and many other minable crypto, many news and government reports state bitcoin 's existence harms environment because of its mining process.

[stompix]

Does anyone think mining was created to boost or save the tech industry in terms of hard goods?  I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales.   It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?

The same way cars where invented to save the oil industry.
They first tried with steam (cpu),  then whey went with oil (gpu) and now we're going electric with (ASICs).

How about we speak with some numbers on the table...
How many videocards are mining right now? How many are used to play games on twitch?

[DaftAjax]

Does anyone think mining was created to boost or save the tech industry in terms of hard goods?  I have followed all of this for sometime including prices of video cards and such, 2015 was to be projected as the worst year for computer/part sales.   It would seem alot more plausable to have coins that can not be mined such as IOTA where as i understand it, computers are bouncing small verification between 3 algos that tangle to make a whole instead of a DAG that never stops growing?

Having more people engage to mining decrease the profits out of it. You might think it could be the reason, but no, its just mere coincidence.

True you needed, a power house computer in order to utilize the capabilities of mining, by buying computer parts and not assembling them to be a gaming rig but to be a mining rig, which obviously triggers the cryptocurrency.

Many people might think or even businesses that runs to distribute or manufacture computer parts that this could be intentional and they're being helped by this cryptocurrency thing, but that's just wrong, it doesn't. Also you might think that they've took advantage of it and might've found out that this could increased the annual sales of these parts, but like I said its pure coincidence.

Technology have their own thing, its growth and development are exponential it always has been. And they don't need this platform to be able to evolve.