After Ethereum Merge Update, Graphics Cards Are Cheaper!

According to Chinese sources, Ethereum Merge After the update, graphics card prices in the country have dropped drastically.

Ethereum Merge update, ETH completely changed the operation of the network. The network has moved from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) system. While the update was a big revolution for Ethereum, Ethereum mining with graphics cards also vanished into history. The miners were replaced by the shareholders who locked a certain amount of ETH into the system.

bitcoin Many people still working with proof of work, especially blockchain though the network Ethereum was leaving huge profits to miners.

With the end of ETH mining with graphics cards, many miners put their equipment up for sale. With the proliferation of second-hand graphics cards on the market, card prices have become cheaper.

Graphics Cards Are 40% Cheaper In China!

After miners put their graphics cards up for sale, graphics card prices in Shanghai tech marketplaces dropped by as much as 40%. A trader in the area summarized the situation as follows:

“When cryptocurrency mining was popular, people were putting all their money into their graphics cards. However, this situation has now been reversed. Let alone the graphics card, people don’t even want to buy a computer.”

According to the trader’s example, the Nvidia Geforce RTX 3080, which once sold for 8,000 yuan, is currently selling for 5,000 yuan.

Graphics cards, which are mainly produced for computer games, are widely used in cryptocurrency mining. In times when cryptocurrency mining becomes popular, sales are skyrocketing.

With the increase in demand, the prices of graphics cards can also skyrocket. Forget the price; People who assemble computers can’t even find a video card to plug into their systems.

Undoubtedly, computer gamers were the most happy part of the official crash in video card prices.