Over the past 18 months, miners have spent a fortune buying graphics cards. According to a report by Bitpro Consulting, Ethereum is benefiting spent a total of $ 15 billion on graphics cards during this timea dizzying amount that in itself explains the crisis the sector has experienced in the last year and a half, and that will help you understand why you could not buy a new generation graphics card at its recommended price.

This number only includes graphics card expenses, which means that Etherea miners spent an absolute fortune on PC components in a year and a half. make use of the second bubble that the cryptocurrency sector has experienced and that, as we have already told you in MuyComputer Pro, it has exploded hopelessly, with such force that it has not yet bottomed out.

Now that Etherea’s mining is no longer profitable and Ethereum is on the verge of switching to Ethereum 2.0 (it will no longer be possible to mine graphics cards), the miners are in a difficult situation. Their mining rigs are a burden and the graphics cards are “burning” in their hands. They are aware that they must get rid of them as soon as possibleand that is exactly what they are starting to do, although prices have not yet fallen excessively.

Graphics Card Market in the Short and Medium Term: Is It Worth to Buy a Used Graphics Card for Mining?

With the current panorama, I think this is very clear. Price of graphics cards will continue to decline in the coming months, and the used market is experiencing huge growth on the supply side due to the ongoing flood of used graphics cards. It will only be a matter of time before prices in both markets (first-hand and second-hand) fall significantly.

At this point, you are probably wondering if it pays to take advantage of this moment and buy a graphics card that was used for mining. This was a topic that we had already touched on in this handbook at that time, and everything I said at the time can be stated directly. Personally, I would not buy a graphics card that was used for mining, even if they gave me a guarantee, because in the end I would give money to one of those who caused a huge crisis at the end of 2020.

If you are less concerned about a moral issue, keep that in mind Buying such graphics cards always involves risk. You can buy it and it will work well for a while, but it can be the other way around. The decision is up to you in the end, but be aware of all the risks involved and that it is probably worth spending a little more to get a new model that will have a guarantee.