Decrease in demand for crypto mining rigs affected GPU prices
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Data shows GPU prices have continuing to travel down recently as ETH mining profits are observant of a decline. Miners rely upon the USD price of their mining rewards, as they typically pay their electricity bills and other running prices in fiat. The upcoming transition to the proof-of-stake agreement system would change miners on the network. Electricity bills typically structure for a big a part of the miners’ day-after-day costs, and a rise in power costs would cause fewer web profits for them. This suggests that mining incorporates a point in time for miners that miners got to flip an ROI to not lose their money. Miners in zones with high power prices could also be left with no alternative but to unload their GPUs to reimburse a number of their investment Source