Hacker News Reader

I suspect some of the money that chased dotcom stocks in the 90's is chasing bitcoin and alt coins. There hasn't been a stock bubble since the 90's, so I guess bitcoin fills that need to speculate, that the stock market is not providing.

View on HN

I wonder if my stock market portfolio has any real exposure to Bitcoin tanking.

Have a look at NVDA and AMD -- crypto mining is most of the reason why they went up so much.

This is provably (and factually) incorrect.

Crypto mining has been a portion but in no way “most of” the reason NVDA and AMD have risen. Machine learning, AI, and self driving are completely reliant on the products provided by the aforementioned.

I would think miners are purchasing ASICs now, not GPUs.

There are coins that can't be mined on ASICs and they're only profitable to be mined on GPUs - Ethereum and zCash are 2 examples, but there are many more.

Reply on news.ycombinator.com