The days of mining are numbered, and with them the high prices of video cards. This may seem unfamiliar to some, but a few years ago it was unthinkable to pay around or more than a thousand euros for a mid-range graphics card from NVIDIA.. Yes, it was a reality and, unfortunately, disappeared due to mining.
Well, mining and the crisis of the elements required to manufacture processors were the reasons why buying a graphics card was considered an investment. What happened that everything changed? Short answer: what everyone or almost everyone expected happened: mining ceased to be profitable..
Over the past few years, due to the growth of cryptocurrencies, many users have begun to build structures consisting of dozens of graphics cards designed for mining. The future seemed as bright as bitcoin, but the reality was not as reflected as they saw.
And that’s what Cryptocurrency mining is no longer efficient and economically unprofitable. Having a mining farm means a fairly significant initial investment and having an amount of money per month to be able to keep everything running since, logically, they require energy.
Since it stopped being profitable, many users who had mining farms decided to dismantle these networks and start selling the graphics used for them in order to return the investment. Seeing used graphics at ridiculous prices can be nice, but buying them is not the best option..
NVIDIA saw that things had changed a lot, and so far justified the demand for their graphics and the microprocessor crisis to drive up prices.. Now that the situation has changed, the statement you made is encouraging, although in fact it should have ended the problem of mining long ago.
Significant price cuts were announced, which, in fact, will be progressive. the best thing if you are going to buy graphics right now and if you don’t need them urgently is to wait a few weeks. Right now, for example, an NVIDIA GeForce 3090 Ti would drop from $1999 to $1499 in just one week.
Source: Computer Hoy
