The gpus pries were high before the mining kicks in, yes, after that they become even higher and that premium is still there, but I know the demand for cards are falling, cause profits from mining are falling as well
So, I expect that prices for cards will come back to last spring values, unless bitcoin hit 25k level within a month...
So, I expect that prices for cards will come back to last spring values, unless bitcoin hit 25k level within a month...
The mining is not so profitable at the moment. But after the new wave of pump, it will be profitable again.
Mining is ALWAYS profitable unless you are selling your coins at current prices and directly moving to $..
This is LONG race.. There are no short cuts. Stay in the race or this is not for you
That's just it. Even if the market cap goes to the very bottom - people will still mine. Why? Because they saw the folks who were mining 1-5 Eth a day back in 2015-2016. I dont know when GPU prices will ever go down, maybe if PoW became obsolete, or if Nvidia and AMD started making products segregated (like mining specific GPUs with high calculation speeds and no video output for miners, and the conventional for Gamers).
The only issue is that Nvidia and AMD are loving this. GPU's are obviously intentionally scarce and overpriced.
I just wish some underdog can stop this monopoly with quality GPU's at affordable prices.