Cryptocurrencies, and Ethereum in particular, are a source of income at a “reasonable” cost that uses graphics cards as the main mining medium. We are not going to count or waste time pointing out how this market has developed and how it has harmed the common user, but after the developers announced that this cryptocurrency was changing to a new mining model , hopes came like water in the desert, but … things they won’t be so simple.
Almost a month and a half ago, we talked about the change that this cryptocurrency, the main driver of price and stock issues for gaming graphics cards, is going to experience in its proof of work model. This was scheduled from start to end of the year, so every player who refused to pay the overhead of more than 100% of the true value of a graphics card had their eyes set on 2022. Well, we’re sorry to say it. that everything will delay and much.
“The Merge” is delayed, Ethereum will continue to be mined with GPU
The first change Ethereum.org made with its hard fork had dire consequences for Ethereum-based assets, as around $ 2 billion in cryptocurrency was lost, but at the same time we saw how the Hash grew thanks to NFT and recovered much of what was lost.
This means that they continue to buy and use GPUs to mine, so the disaster did not happen as such and the market remained the same or even worse for the ordinary gamer. It was a disappointment in and of itself, but hope was still alive at the end of this year. The problem is, according to today’s reports, the so-called “merger” won’t happen until at least the first half of 2022, which means at least an additional 8 months of waiting for the market to start to heal. gradually regulate.
Overlapping architectures and prices
What will happen with this now confirmed scenario? Well, the prices will keep going up or keeping the rate going. The stock has returned to stores, so with the exception of one specific model, we have models available to buy, so that excuse for the price has vanished.
The scenario is also intimidating, as GPUs will continue to be sold at a gold price until the RTX 40 is almost on the market and with that there will be an overlap in architectures and prices, as stores and manufacturers will then have to lower them unless NVIDIA upsets the balance by raising MSRPs even more, then it will be total disaster.
TSMC’s 5nm node is not cheap at all, the wafers are up to par (+ – $ 20,000 and more) so on the GPU alone, it will be difficult to contain expenses without increasing prices. Will NVIDIA delay the launch? Will you force the downfall with the new Ada LoveLace architecture? Complicated to predict, but what is certain is that we will maintain a situation similar to the current one for at least 7 or 8 more months.