Bitcoin UPS NVIDIA EBAY golf Bitcoin

Crypto Crash Means Cheap GPUs Have Returned

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In case the incessant screams of crypto enthusiasts hasn’t given it away, cryptocurrency prices have crashed. Bitcoin is down $10,000 (a third of its value) and Ethereum has lost 40% of its value over the past month.

This is drastically changing the capitalistic calculus of cryptomining to the point where some cryptominers are giving up. And that’s great news for GPU prices.

What’s been keeping GPUs out of the hands of eager gamers for the past few years has been the simple economic forces of supply and demand.

Pandemic-related supply issues have restricted the supply of video cards, while massive demand from both gamers and cryptominers have meant retailers can’t keep GPUs in stock and has sent prices soaring on the secondary market.

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