According to reports, the value of Ether has fallen along with other cryptocurrency markets CoinDesk. This may be good news for anyone who wants to buy a new GPU without having to buy a new GPU Competing with Ethereum miners in order to Best graphics card.
Ether is the native token of the Ethereum blockchain. At the time of writing, its value is approximately $1,795, which means that its price has fallen by approximately 1.1% in the past 24 hours, but it has also fallen by more than 10% in the past week. Ether has suffered a similar decline in the past three months-the coin is now worth less than half of the peak price of $4,132 it briefly enjoyed on May 11.
Various factors have affected the depreciation of Ether. CoinDesk said that part of the reason is that the financial market COVID-19 makes a comeback. When the value of Bitcoin drops, the tokens are also affected, and the cryptocurrency prodigy Try to maintain The price in recent months has exceeded $30,000. There is also an upcoming hard fork from proof-of-work mining to proof-of-stake, which means that Ethereum miners will need to look for other alternatives that may be less profitable.
The loss of Ether may be a gain for enthusiasts.Mining Bitcoin is almost impossible to make a profit No very specific hardware (or very many Rig, or Steal power).Ethereum Can be mined However, use consumer-grade GPUs, especially if they have Properly optimizedThis means that PC manufacturers mainly compete with Ethereum miners for new equipment.
As the profitability of Ethereum mining decreases, it makes sense to improve the usability of modern graphics cards, and Evidence reveal This is indeed the case.The cost of many products is still higher than the suggested retail price, but they Still more affordable Compared to when Bitcoin and Ethereum reached their peak.