Decrease in demand for crypto mining rigs affected GPU prices [Video]

Data shows GPU prices have continuing to travel down recently as Ethereum mining profits are observant of a decline. Knowledge from the technical school outlet Tom’s Hardware suggests graphics cards prices continued their drawdown in June, because they plummeted another 14%. Back in 2020, as a result of a bunch of things just like the pandemic and a chip offer shortage, the new generation of graphics cards launched with pretty low stock and costs later soared. Then, as the crypto pitched battle raged on in 2021, Ethereum mining became quite lucrative. Miners adventitious overpoweringly to an already high demand within the GPU space, and the perfect storm to shake the market was complete, as each Nvidia and AMD cards went on to envision double or perhaps triple the costs.

This continuing throughout 2021 and card accessibility wasn’t too bright at the beginning of this year either. However, because the crypto …