'
ASICS mining SHA256 mine bitcoin directly. Other algorithms mine another coin and trade it for bitcoin. Thank the altcoin market. ASICs had the potential to make mining energy efficient. Altcoins ruined it all.
But then again: altcoins have the potential to make cryptocurrencies useful beyond just being a payment method.
Really the only problem with mining is the lack of regulation that would stabilize the environment.
What happens now with the GPU market is really quite disturbing. Few years from now this will be remembered as one of the most idiotic events in PC industry.
Just think how easy it would be to fix this.
If a country would release a state blockchain (which might happen sooner than we think), it would control the supply (mining). It could still outsource it to the people, but not for potentially unlimited payments, but e.g. for a limited tax reduction (i.e. up to 5%). That fixes everything: (almost) no one builds mining rigs in the basement, there are no farms in China etc.
This creates a whole host of other problems and ruins many peoples lives.
Now here you just went a bit too far. Of course a ban on activity would force some people to rethink their household financial strategy, but "ruining lives"?
Controlling legality of drugs, on the other hand, is clearly a proper issue for millions. And I don't think you would use that argument in a discussion about banning heroine or something...
Why on earth would they NOT want miners to buy their cards?
This is a question that appears every now and then on this forum. And we're giving valid answers: expected high percentage of RMA, growth of second hand market, losing loyal gaming clients and so on.
But I don't think we have to answer that any more:
https://www.techpowerup.com/236490/...ossible-warranty-void-on-their-graphics-cards
And don't worry: inno3d is not the last company that will release such a statement. They simply were one of the first to release purpose-built mining cards.