GPU Prices Fall in China After The Merge
The prices of graphics processing units (GPUs), which are usually used to mine Ethereum, have dropped sharply in China since the asset migrated from PoW to PoS.
According to a local retailer, the RTX 3080 had dropped from 8,000 yuan to 5,000 yuan.
He has explained:
“When Bitcoin mining was at its peak, people from the mining companies just went shopping with cash and took all the video cards that we had. Now look at the shops. Nobody is buying new computers because of the coronavirus, let alone graphics cards.”
Another market participant noted that low-cost graphics cards like the RTX 3080 from Micro-Star International and Colorful fell by about 1,000-2,000 yuan in two months. According to the interlocutor, this was influenced by “the hype around The Merge.”
