Mining GPU Prices in China Plummets Post ETH Merge
EthereumAng Pagmimina ng Mga Presyo ng GPU sa China ay Bumaba Pagkatapos ng ETH Merge09 26 2022Balita ng Ethereum ng Bitcoin Altcoin News Prices for Nvidia GeForce GPUs have dropped dramatically. GPUs price plummeted from 8,000 yuan to 5,000 yuan. Graphics processing units (GPUs), often used for mining cryptocurrencies like Ether (ETH), have seen price drops in China. This is because of the Ethereum networks transition to a proof-of-stake (PoS) consensus method, attracting institutional investors. According to a revelation in the South China Morning Post, prices for Nvidia GeForce GPUs have dropped dramatically after the historic Ethereum Merge on September 15. Chinese businessman Peng used the RTX 3080 as an example, noting that the GPUs price plummeted from $1118 (or 8,000 yuan) to 5,000 yuan in only three months. Post-Merge Effects Peng claims that at the height of Bitcoin (BTC) mining in China, mining businesses went on buying binges of graphics processing units (GPUs). But the merchant lamented that there was a complete lack of interest in modern PCs and GPUs at the time. Similarly, another merchant named Liu noted that low-end RTX 3080 cards from manufacturers like MSI had reduced in price by roughly 2,000 yuan in the last two months. Liu speculates that the excitement around