Originally Posted by white owl
Not related but I can't help but wonder if Nvidia would have made more money selling all the GPUs to miners or mining with them instead.
Back when it was still worthwhile I bet Nvidia dabbled in their own mining operation. If it was profitable for miners to mine with $1000 GPUs it would be even more so for Nvidia or AMD. Plus they get to sell them as refurbs.
I'm not sure their share holders would appreciate nvidia or AMD to dab into a very unstable market.
I mean, they can, of course, but also if bitcoin prices plummet, they could also basically lose a hell of a lot of money from lost revenue, which could even tank the shares even more.
There are also the issues of being regulated and being traded in the stock market, that could also put them in high water over such practice.
That is not something they can just do without possible horrible consequences to either of them. I'm sure someone in there entertained the idea but decided not to take such a big risk.
The makes of the dedicated ASIC thought are doing this for years. Making their ASIC, put only a fraction into the market, mining on them the rest, and sell them once new tech comes out to make better ones. But those are private companies or individuals for the most part.