📌Global GPU price drops to compensate for falling Bitcoin mining revenue📌
I remember long time ago i bought my graphic cards which was among the best on market for around 250 euro, it was happy because i could play all newest games, but then everything changed, BTC was created and from that time graphic cards prices increased every day, it was very hard even to find good graphic cards in stock. The moment that new graphic cards were released on sale miners rushed to buy them , not only one but as much as they could, and that hurt the real PC gamers.
But recently with the continuedly decrease of crypto prices lot of people do not have profit to keep their miners running, also the energy price increase is the one reason as well. In all this bad situation, there is one good news for PC gamers, now the price of graphic cards is dropping continuously and it is easy to find them in the market.
This bearish situation can benefit also for some small miners, because now they can afford to buy some good graphic cards for reasonable price and use them when bearish period gets over
📌📌📌📌📌📌📌📌📌
The meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment.
As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing bear market.
Bitcoin mining revenue fell 79.6% over a period of 9 months, ever since reaching an all-time high of $74.4 million on October 25, 2021. In addition, a global chip shortage and the coronavirus pandemic shot up prices of the most important part of a mining rig — the graphics processing unit (GPU) — further impacting the miners’ bottom line.
👇👇👇👇👇👇
HAS ANYBODY BOUGHT GRAPHIC CARD RECENTLY AND WITH WHAT PRICE?
