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Saturday | July 24, 2021
Ether at its highest and that’s not good news

Ether at its highest and that’s not good news

The success of cryptocurrencies and in particular Ether is having a negative impact on the PC industry, amplifying speculation about high-end cards like those from AMD and Nvidia, which are coveted for their high hash rates.

In the midst of a global chip shortage where console makers, smartphone makers, and video card makers are all vying for a limited supply, the only cards that are coming to market are, despite the crazy price, being sold to miners who are finding a return on their investment within months.

Ether, the crypto-currency mined with GPUs, has seen its valuation rise by +62% over the last 30 days. Today, a few RTX cards, not to mention a real mine, can already bring in several hundred euros per month, including in France.

Prix Ether

Nvidia tries to dry up the market

In recent weeks, Nvidia seems to have closed the taps on GPU supplies to its partners, a decision that in the short term exacerbates tensions even more. Card deliveries are catastrophic but the goal seems to be to clean up the market of old references in order to launch a new range, identical for gamers but “neutered” for miners and therefore economically unprofitable for their business.

This situation means that speculation will however temporarily shift to the second-hand market. Finally, we should not expect “better” with the arrival of this generation of LHR cards given the tensions on the production tool.

The Ethereum update and the arrival of new cards?

So can we hope for the best? It seems difficult to envisage even if the demand should decrease in the coming weeks. Paradoxically, the general deconfinement could reallocate household budgets on something else than the PC… Like outings or vacations for example.

The Ethereum update is also supposed to decrease the role of GPU mining…Even if we remain on the subject in the realm of rumor.

Finally, the new Nvidia cards would also be a solution as we stated above. In the meantime, an RTX 3080 would pay for itself in 4-5 months…By dividing its mining capacity by two, obviously the game will be changed. This is already part of the equation.

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OCC_FrTeam

Edited by Calliers

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