We know the perfect storm of shortages of key components for all PCs and in all industrial settings. We have a shortage of materials, a shortage of water even in some factories, resulting in a shortage of chips and therefore fewer graphics cards (among many other components). Mining is the icing on the cake, but the cake may be about to be swallowed up and never come back.
NVIDIA and AMD’s New GPU Line May Be Too Short
If what is being said is true and comes in the right term, mining as we know it will be about to say goodbye to graphics cards per se, mostly because of the so-called ETH 2.0. The new version will bring significant architectural changes to something as fundamental as blockchain.
This change or modification is going to change (strictly speaking) the GPU paradigm today and maybe forever, at least according to JPR:
“Ethereum, the most suitable currency for GPUs, will be incorporated in version 2.0 very soon, which will make GPUs obsolete. A person would be very stupid to invest in a high-end GPU today that consumes a lot of power for cryptocurrency mining.
The problem that Peddie sees with GPUs is their high power consumption relative to cost and performance, but more importantly, the fact that they are buying GPUs now as they transition to Ethereum 2.0 is about to begin.
From PoW to PoS, the change that can save AMD and NVIDIA
It’s unclear when Ethereum 2.0 will be fully implemented, but it is known for sure that it will move from a system Proof of Work (PoW)
In short, with PoS, there is no need to use GPUs for mining to achieve great performance. The fundamental question is when will PoS as such be ready for Ethereum 2.0? Well, apparently it’s a phase change and the last one is expected to take place at the end of 2022 or even 2023, so there really is a little over a year for GPUs to have any value in the face. to mining.
Here are two different scenarios: The market is inundated with second-hand GPUs with increasingly lower price due to the current high demand and hoarding of units, or miners focus their efforts on extracting another cryptocurrency knowing that it is an investment and spending that may not be profitable if the cryptocurrency and its value does not increase.
To this must be added the GPUs that NVIDIA and AMD are preparing exclusively for this mining market. Are they late in fixing the problem or do they expect Ethereum 2.0 to lag behind and praise their time and investment?
