(Topic ID: 302822)

People are flipping EVERYTHING!

By playtwowin

2 years ago


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  • 340 posts
  • 103 Pinsiders participating
  • Latest reply 2 years ago by romulusx
  • Topic is favorited by 3 Pinsiders

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    #69 2 years ago

    One thing people seem to miss is that this isn't just an America thing... the shortages are global. This wasn't caused by people getting tax credits and extra cash in the USA. We are seeing the effect of a world wide supply chain interruption coupled with a huge amount of pent-up demand.

    I remember having the conversation with my dad last Spring (a few months before he passed away) about how things were going to go nuts as we start to move out of the pandemic. The supply shock happened over 6-12 months (supply chain interruptions usually have a lagging effect), but then it was coupled with a demand shock from pent up demand and changing consumer spending (less on travel and more on home improvement and hobbies). Some of it was predictable (cars), but no one could have predicted that the collectibles market would sky rocket.

    This stuff will be studied for the next 100 years.

    #76 2 years ago
    Quoted from RyanStl:

    I'm curious, why would Bitcoin mining need high end graphics cards? Don't you just need regular old fast processors? Is there much graphics involved?

    They can offload some of the processing to the video card. Cryptomining is one of biggest causes, and under-reported, causes of this entire mess. It is also why it will take quite a bit of time for things to get back on track. There is a huge demand for high-end chip sets.

    #78 2 years ago
    Quoted from Zablon:

    Shh, the gullible love to blame those dastardly evil master planning poor for their unhappiness.

    I think the sooner people realize that this isn't some sort of cookie-cutter problem caused by {insert name of either current or former US President} their misery index will go down. The pandemic + Suez canal blockage + rise of cryptomining has absolutely blown up the global supply chains. People need to chill and realize this stuff will take time to unwind.

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