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Cryptocurrency Miners Bought 700,000 GPUs in Q1 2021

Miners were buying off the scalpers so now that ETH has dropped considerably miners do not want to pay scalper prices anymore so the scalpers have no customers and are having to drop prices.

A month ago an RTX 3080 mining was doing around £400 a month now it's more like £120 and with card prices dropping by more than £120 a month it makes no sense for miner to pay scalped prices anymore.
 
KompuKare said:
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

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.
Click to expand...

Plus if you read the article it says "estimate 700,000" I estimate there are still that many people waiting in queues for a GPU.
 
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