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In the last 18 months, Ethereum miners spent $15 billion on GPU cards.
Over the previous 18 months, Ethereum miners alone have reportedly spent about $15 billion on GPU cards. This statistic excludes GPUs used by gamers for both gaming and mining, as well as gamers who attempted to recoup some of the cost of their equipment by mining their gaming cards.
A new estimate claims that Ethereum miners have spent about $15 billion on GPUs in the previous 1.5 years. This figure does not include the cost of CPUs, motherboards, power supply, and other mining rig components. Many cryptocurrencies had a significant price surge towards the end of 2020, prompting millions of individuals to purchase graphics cards in order to mine Ethereum in order to make quick money.
Demand vastly outstripped supply, sending prices rising, not to mention hardware resellers complicating matters even more. According to Jon Peddie Research, the average additional selling price of graphics cards increased from over $400 in 2019 to approximately $800 in 2018.
Ethereum has lost 80% of its value in the last few months, leaving many people fighting to recover their losses. Bloomberg reported on a man who has gained only $5,000 in cryptocurrency from his initial investment of $30,000.
NVIDIA GeForce RTX 3080 and RTX 3070 on the rise in the latest Steam hardware survey - 06/03/2022 08:58 AM
According to Valve's monthly report on the hardware and software present in users' PCs, May was another outstanding month for Nvidia's Ampere graphics cards, with the RTX 3080 and RTX 3070 being th...
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AMD 45nm processor reaches 3GHz in the lab - 04/17/2008 08:39 AM
Some news from the AMD front today
rl66
Senior Member
Posts: 3435
Joined: 2007-05-31
Senior Member
Posts: 3435
Joined: 2007-05-31
#6027044 Posted on: 06/21/2022 11:31 AM
Don't forget the volatile speculative effect...
ETH follow bitcoin in the freefall (even more with announcement of partner that will use their own crypto instead of it, around 2025)
So... right now, most of those card are on 2nd hand sale at 1/4 of msrp price, they nearly beg you to buy from them due to saturated 2nd hand market.
This is good for us, too bad for them
(they were warned enough).
Don't forget the volatile speculative effect...
ETH follow bitcoin in the freefall (even more with announcement of partner that will use their own crypto instead of it, around 2025)
So... right now, most of those card are on 2nd hand sale at 1/4 of msrp price, they nearly beg you to buy from them due to saturated 2nd hand market.
This is good for us, too bad for them
(they were warned enough).
Kool64
Senior Member
Posts: 1373
Joined: 2006-10-21
Senior Member
Posts: 1373
Joined: 2006-10-21
#6027096 Posted on: 06/21/2022 02:45 PM
it's funny because my cousin bought a 3090 just to mine and made like $1800 in the first few months but I warned him not to do it( he bought a whole Dell PC for 3k) because the market is so volatile. He didn't believe me and subsequently left the money in the wallet. He now has a fraction of what he started with and I thankfully was able to snipe his 3090 by trading him a 3060 a 2070s and a 1070 which allowed me to get the gently mined card for a fraction of it's value at the time. So over all crypto allowed me to get a video card I'd never expected I'd ever have.
it's funny because my cousin bought a 3090 just to mine and made like $1800 in the first few months but I warned him not to do it( he bought a whole Dell PC for 3k) because the market is so volatile. He didn't believe me and subsequently left the money in the wallet. He now has a fraction of what he started with and I thankfully was able to snipe his 3090 by trading him a 3060 a 2070s and a 1070 which allowed me to get the gently mined card for a fraction of it's value at the time. So over all crypto allowed me to get a video card I'd never expected I'd ever have.
Embra
Senior Member
Posts: 1326
Joined: 2014-11-19
Senior Member
Posts: 1326
Joined: 2014-11-19
#6027105 Posted on: 06/21/2022 03:14 PM
Now they can sell them for $5 billion if they are lucky.
Now they can sell them for $5 billion if they are lucky.
DirtyDee
Member
Posts: 90
Joined: 2021-02-03
Member
Posts: 90
Joined: 2021-02-03
#6027107 Posted on: 06/21/2022 03:15 PM
The RTX 3080 10GB's are going for $640+ on ebay, that doesn't sound like a deal to me. These guy's bought all the GPU's with bots at MSRP, mined the hell out of them and only selling them for $60 below MSRP? Nah, f-ck 'em. They can keep their worn out used trash.
The RTX 3080 10GB's are going for $640+ on ebay, that doesn't sound like a deal to me. These guy's bought all the GPU's with bots at MSRP, mined the hell out of them and only selling them for $60 below MSRP? Nah, f-ck 'em. They can keep their worn out used trash.
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Senior Member
Posts: 149
Joined: 2004-10-17
I firmly believe the power and value of crypto is that you can move around funds without government or banks. The get rich quick stuff is just that and it will get it regulated so that it's original value is no longer.