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Graphics Cards and Cryptocurrency Mining: Will There Be a New Bubble to Inflate Prices?

  • April 18, 2022
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I am very pleased to confirm that the graphics card market is already at a relatively advanced stage of standardization. It is true that still there was no

Graphics Cards and Cryptocurrency Mining: Will There Be a New Bubble to Inflate Prices?

I am very pleased to confirm that the graphics card market is already at a relatively advanced stage of standardization. It is true that still there was no full recoveryand that some prices are still inflated, but fortunately we can already find graphics cards at more than affordable prices and it seems that the situation can only improve. Without going any further, we can now buy the Radeon RX 6600 for € 369.90, only 30 euros above the recommended price.

Some sources insisted on trying to build “clouds on the horizon” and ensure that it would not last and that cryptocurrency mining would live. new rise very soon which will cause graphics card prices to skyrocket again. You will be happy to know that it makes no sense and in fact it is highly unlikely that it will ever happen. Let’s find out why.

Graphics card mining is becoming less profitable

Graphics cards and cryptocurrency mining

And things will get worse and worse. Right now mining with the GeForce RTX 3080 Ti in the LHR version, which uses an algorithm that reduces mining performance, produces The average income in Ethere is $ 2 a day. This means that the amortization of the purchase of the said graphics card takes at least two years, provided that the income achieved is not gradually reduced during this period.

On the other hand, this must be taken into account Etherea 2.0 is scheduled to launch later this yearand that the purchase of graphics cards for cryptocurrency mining no longer makes virtually no sense, which we have already had the opportunity to see in this article, which we published at the end of last year.

The decline in demand for graphics cards from the cryptocurring mining industry has fallen sharply and inventory levels in the retail channel are rising. As there is more supply and less demand, prices will continue to fall gradually and finally it is only a matter of time before we reach full normalization. Personally, I believe that there is a possibility that prices could fall below the recommended level, especially if an avalanche of graphics cards eventually starts in the used market.

We must not forget that we are too on the verge of launching a new generation of graphics cards, The Radeon RX 7000 and RTX 40, which will hit the market later this year. As they approach, retailers may have no choice but to release stocks sooner or later, and this will only be possible if they significantly reduce prices.

Source: Muy Computer

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