• JakenVeina@midwest.social
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      2 months ago

      It’s profitable for NVidia, because they’re not actually doing anything with it, they’re just selling all the hardware that everyone else needs.

      • Aceticon@lemmy.dbzer0.com
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        2 months ago

        The only ones guaranteed to make money in a Gold Rush are the ones selling shovels.

        That said, NVIDIA made the mistake of lending money and/or investing directly in the ones doing the “gold mining”, so now they’re heavilly exposed to the side of things that loses a lot of money when it turns out that it was all Fools’ Gold.

        When it comes to manias, some things are always the same.

  • zarkanian@sh.itjust.works
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    2 months ago

    The idea is to get everybody dependent upon it and then jack the prices way up. Seems to be the standard MO these days.