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Learning & News => News related to Crypto => Topic started by: newshunter on September 27, 2022, 07:01:02 AM

Title: China GPU prices drop to new lows after the Ethereum Merge
Post by: newshunter on September 27, 2022, 07:01:02 AM

China GPU prices drop to new lows after the Ethereum Merge

The Nvidia GeForce RTX 3080’s price dropped from $1118, or 8,000 yuan, to 5,000 yuan within three months, according to a Chinese merchant. 

Source: China GPU prices drop to new lows after the Ethereum Merge (https://cointelegraph.com/news/china-gpu-prices-drop-to-new-lows-after-the-ethereum-merge)

Would appreciate your opinion about this

Title: Re: China GPU prices drop to new lows after the Ethereum Merge
Post by: Noverteno on September 27, 2022, 08:16:35 AM

This is quite natural. Ethereum successfully switched to the PoS algorithm and the miners were left without work. The new ETHW fork will not replace the old ETH, since its price is very small and will not even pay back the costs of the miners yet. But the update of the ethereum network took two years, and the miners had enough time to prepare for this event.