Here is a proposal that cryptocurrency enthusiasts and PC gamers will respond in very different ways: Ethereum prices surpassed $ 3,000 for the first time this morning.
This is good news for cryptocurrency enthusiasts who started mining Ethereum when it was first introduced. Ether was trading at less than $ 200 in May 2020, according to the Coindesk Price Index. Its price peaked at $ 3204 this morning.
People who have optimized their GPUs for Ethereum mining or just bought crypto when it was trading for about $ 500 six months ago are probably delighted that Ether is now 16 times more valuable than last year.
But for PC gamers, this isn’t great news. Ethereum miners are quick to buy whatever graphics cards, gaming laptops and other hardware they can get their hands on, exacerbating the ongoing shortage of these products.
It feels like hardware enthusiasts have been fooled. Just days ago, the price of Ether fell 10.5% as the entire cryptocurrency market reacted to the news that President Joe Biden was planning to increase his capital gains tax this year.
Finally, a light appeared at the end of the tunnel. Maybe someone can finally buy one of the best graphics cards without worrying about Ethereum miners (and their bots) buying up every seller’s seemingly inventory after every restocking.
However, this is a cryptocurrency market and last month’s price decline is all-time high this month. It looks like expecting Ethereum to become less attractive to miners won’t work. It looks like we just need to wait for GPU shipments to improve instead – or hopefully become one of the 0.001% Newegg Shuffle contributors to win the chance to buy a graphics card bundled with a motherboard or PSU. you probably don’t want to.