Fact 1 : Nvidia sells about 10 million stand alone GPUs every quarter
Fact 2 : Ethereum total hash rate is 755,056.9149GH/s
Fact 3 : Average Ethereum hash rate in nvidia cards is around 50MH/s
Fact 4 : Ethereum are planning to move to "proof of stake" in beginning of 2022
If you divide the numbers, around 16 million graphic cards are used for mining. As other coins are less profitable to mine, we can assume they are all used to mine Ethereum.
When the proof of stake fork will happen ,16 million cards will flood the market, mostly 3060/3070/3080. (Miners won't move to other coins, they are barely profitable)
The GPU prices will drop, which will harm nvidia sales.
What do you think
Submitted October 13, 2021 at 01:23AM by TautauCat https://ift.tt/3mQI1MS
