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Hello and welcome to another episode of the Adlots podcast. I'm Joe Wyzenthal,

unfortunately, my colleague Tracey Alloway, she is off today and is particularly

unfortunate because this is going to be a big one. So, you know, like on this podcast,

obviously, we talk about chips a lot. And I think now we've done like eight different episodes

on semiconductors and who makes them and the shortages and the challenges of building them

and so forth. So Adlots listeners will know that. We also do a fair number of episodes about

crypto currencies. And of course, that's for obvious reasons why crypto currencies have been going

up a lot. And it's a fascinating area. Well, this episode, I actually am going to say it actually

combines the two because it's slowly becoming clear that you can't really talk about the semiconductor

market right now without talking about crypto currencies because you need chips to mind them.

And when the crypto currency market is booming, people want to acquire more chips to mind them.

And it's becoming a sort of more significant source of demand. If you look in the video gamer

community, there's a huge frustration about their inability to buy various graphics cards from

the likes of Nvidia because Ethereum miners snapped them up. Recently, there have been stories

out of Asia, China in particular where people are buying hard drives because they want to

mind the new cryptocurrency. Chia Bitcoin is mind using specialized chips, but ultimately,

that takes chip production capacity too. So really, the stories are interlocked, I think,

in a way that I hadn't up until recently fully appreciated. And I would not say that crypto is

the main source of reason why there is a shortage or difficulty getting semiconductors,

...