Crypto miners bought $15 Billion of GPU units but the worse is now over at gaming graphics card prices are back to normal levels.
Crypto mining is fading away but there’s no doubt that it has been a curse for the entire PC gaming segment as miners were the main force in driving GPU sales to $15 Billion since the start of the last phase. In a report by Bloomberg, the pub reports that Crypto miners spent $15 Billion in acquiring mining GPUs during the last crypto craze that started back in 2021. Both Bitcoin and Ethereum reached the historical highs of over $67,000 and $4,800 US, respectively but have since been on a decline & with pricing now crashing down to $18,000 and $960 US, respectively, prices of graphics cards are back to normal levels. AMD EPYC CPUs Significantly Outperform Intel Xeon In Cloud Servers, Study Reveals
The sudden decline in GPU prices has also made it really hard for crypto miners to recoup their losses since the crypto drop also prompted a drop in graphics card prices. Most crypto miners got their graphics cards are obnoxious rates, hitting almost 3x the MSRP back in 2021.
