Gamers rejoice! While crypto investors look for the bottom to the ongoing meltdown, the cost of graphics cards has steadily decreased amid the ongoing crypto market crash.
“GPU prices dropped 15% in May, and we’ve seen similar 10-15% drops each month for the past several months,” PC news and review website Томов хардвер reported on Wednesday. “We saw the best graphics cards come back into stock (at retail) as GPU mining profitability has plummeted—and that was before Bitcoin and Ethereum crashed again.”
A graphics processing unit (GPU) is a specialized computer chip designed to accelerate graphics rendering. GPUs can simultaneously process many data streams, quickly rendering images and videos, making them useful for gaming. Because of their specialized processing power, GPUs are also a sought-after resource for crypto рударство.
GPUs can often троше више енергије than the central processing unit (CPU) of the computers in which they’re installed.
According to the report, an RTX 3080 GPU that once sold for $1,000 now sells for $650 on eBay, and miners who want to start mining cryptocurrencies such as Ethereum today may have to wait two years to break even on their investment.
Compare this to October 2020, when Нвидиа GeForce RTX 3080 Ti graphics cards were out of stock everywhere and selling on eBay for $1,227.
The website, which tracks GPU prices month to month, also offers another factor in the decrease in the price of older model GPUs: newer models are launching soon, which will push the current generation of GPUs to the secondary market.
Although Bitcoin miners predominantly use specialized ASIC hardware, other доказ-о-раду blockchains including Ethereum, Догецоин, Зцасх, и Монеро, can be mined using GPU cards.
Према Блоомберг, in 2021, Ethereum miners alone spent over $15 billion on graphics cards.
In an attempt to make its graphics cards less desirable to crypto miners, Нвидиа announced the launch of processors designed specifically for mining cryptocurrency, the Нвидиа ЦМП, in February 2021. The company announced that it would ограничити its GPUs in a bid to make them “less desirable” to miners.
Neither gamble appeared to pay off; miners found решења to continue using their preferred GPUs, while revenue from Nvidia’s CMP cards пумметед to negligible levels in 2022.
When Ethereum transitions to a доказ-о-акција algorithm with this year’s planned Стопити, many in the Ethereum community hope that this new era for Ethereum will be much more eco-friendly—and further dampen demand for graphics cards.
Once the conversion takes place, Ethereum miners will have to find other blockchains to mine for a profit.
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Source: https://decrypt.co/103400/the-crypto-market-crash-is-bringing-down-the-cost-of-gpus