Miners devastated by cryptocurrency crash run to reseller websites to offload their wasted Graphics Cards inventory investments

Miners devastated by cryptocurrency crash run to reseller websites to offload their wasted Graphics Cards inventory investments

a year ago
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https://wccftech.com/miners-devastated-by-cryptocurrency-crash-run-to-reseller-websites-to-offload-their-wasted-graphics-cards-inventory-investments/

The shift in graphics card pricing and crypto miners selling their GPUs is fantastic for gamers and power users, but how does this affect the retail marketplace? In the last week, cryptocurrency has fallen, with losses of 30 to 40 percent in value for Bitcoin and Ethereum alone. This rapid decrease in value has caused miners to believe that their graphics cards have lost their use due to lesser daily gains.

Tom's Hardware points out that the marketplace between retail establishments and used markets like eBay is beginning to crash, similar to what was seen in 2018. While we still do not know how this will affect the marketplace long-term, a large influx of crypto miners are panicking and worried about the future of digital currency. With the return of investment, or ROI, now affected hourly instead of daily, miners are rushing to make back what money they can from investing in GPUs and crypto mining rigs.