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Cryptocurrency mining deflates, used GPUs hit eBay

By: Anthony Garreffa | Editorials in Video Cards | Posted: Jul 20, 2017 7:36 pm

Final Thoughts

 

We're not far away from the difficulty of Ethereum mining to get to the point of 1.4T, which will push more and more miners over the line.

 

cryptocurrency-mining-deflates-used-gpus-hit-ebay_22

 

If you're like me, spending most nights trawling /r/EtherMining, you'll notice that there are heaps of people selling not just their graphics cards, but their entire Ethereum mining rigs. And that is because the difficulty is so high, and the price of ETH is so low (compared to its highs of $393 last month).

 

 

I would expect a rise in difficulty in the next few days, and it's going to be much higher than the previous one. I think we're on the edge of pushing out mining Ethereum at home, much before the Point of Sale happens and squeezes everyone out anyway.

 

It has been a fun ride, but if you haven't jumped off already, don't say we didn't warn you.

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