Prices for Mining Graphics Cards Fell by more Than 50% per Year
The decline in interest in mining equipment was also noted by the representative of the Yula announcement service. According to him, the number of proposals for the sale of mining equipment in the second quarter of 2019 decreased by more than two times compared to last year, and the average price decreased by a third over the same time.
Mining is the provision of computing resources to perform a mathematical task of verifying and implementing a cryptocurrency transaction. For this, special equipment is used, its owner receives a reward in the amount of a certain amount of this currency. The most profitable and most expensive cryptocurrency today is Bitcoin. It has been mined since 2009, with a maximum historical cost of $ 20 thousand for bitcoin - it reached in December 2017. Then the rate fell to $ 3.4 thousand. Over the past few months, the cost of bitcoin has grown again and reached $ 12.9 thousand in mid-July, according to the CoinMarketCap aggregator, which is a maximum for 1.5 years.
The agent of the marketplace noted that interest in mining equipment on their portal directly depends on the fluctuations of the bitcoin exchange rate. “The decrease in interest in cryptocurrency has led to a decrease in the price of video cards, which made them accessible again to everyone”, he said.
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