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Cryptocurrency Miners Bought 700,000 GPUs in Q1 2021

The original JPR blog is this one:
https://www.jonpeddie.com/blog/crypto-minings-half-a-billion-dollar-impact-on-aib-sales
BTW: Am I the only one finds it a bit strange from a 'journalism' point of view that ExtremeTech can write a whole article and not provide a link back to their source?

Note that phrase JPR use in their blog is
Bots, scalpers, miners, and speculators drain the AIB supply and inflate prices
which is a bit less sensational and also acknowledges that while JPR are reasonable confident of how they arrived at their 25% of sales in Q1 2021 figures, they are unable say which percentage was miners and which percentage was scalpers (who may be miners, or may sell to miners, etc. making it all rather hard).

I would assume that most of the 25% was miners, but even if scalpers were only 5% once distributors and retailers* see the prices they are able to scalp: well let's just say they will join in with increasing prices.

*Nvidia and AMD are the only ones now really seeing anything from the increased prices aside from having zero pressure to reduce their prices to AIBs.
 
I'm assuming the miners were able to buy directly from the aib? I remember that post from zotac awhile so so wouldn't surprise me

Not really, because every sale guy will tell you that they hate them.

You can literally create a fake IT company and be in a partnership with a suppliers.
 
It it's true, then gpu prices will crash when eth goes 2.0

That'll be the day.

Prices are already decreasing. 3070 prices have dropped from €1350 to €1100 from scalpers. Our day is coming, brothers.
 
It it's true, then gpu prices will crash when eth goes 2.0

Will be interesting to see what happens. If you switch from mining eth to alt coins now you can still make ~90%, but if millions of GPUs suddenly switch to these other coins then that's going to have massive distortions.
 
Will be interesting to see what happens. If you switch from mining eth to alt coins now you can still make ~90%, but if millions of GPUs suddenly switch to these other coins then that's going to have massive distortions.
unfortunately, it doesn't work that way.
For crypto Coin to be profitable it must be more expensive than it cost to make one.
Now if u look at ETH market cap (total investment) then u can see it has a lot of money in.

No other coin is even close to total market cap.

If ETH crashed hard and every miner had to swich to alternative coin, it would make no money at all, becoz of difficulty going through the roof, they would end up making a 1 coin burning xxxx£ of power and selling same coin for what 1£ or whatever going rate is.

So no alternative coin to mine for all this hash that's available.

Once ETH goes 2.0 80% of gpus will have to go out of mines. that's just a mathematical fact.

I invite conversation to prove me wrong. :)
 
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