Second Hand Rigs Are Dumped as the Solo Mining Dream Dies

In the summer season of 2017, rising cryptocurrency costs led to a run on excessive efficiency graphics playing cards. Coveted playing cards with a excessive hashrate had been snapped up like proverbial scorching truffles, leaving avid gamers, scientific researchers, and anybody else who relied on flagship GPUs priced out as the cryptocurrency frenzy escalated. One yr on, and those self same graphics playing cards may be acquired for cut price costs.

Additionally learn: SHA-256 Mining Hashrate Climbs Considerably in One 12 months

From Sizzling Property to Out of date

It was the summer season of 2017 and the Geoforce 1070, Nvidia’s second-most highly effective graphics card, was retailing for $450. There was only one downside: nobody might pay money for one. In PC shops round the world, naked cabinets occupied the area the place avid gamers’ go-to improve ought to sit. That’s as a result of a cryptocurrency mining growth, the likes of which had by no means been seen earlier…

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