In the last year, we registered the enormous price increase of graphics cards and cryptocurrencies stand behind that. Last year in the autumn, a lot of words were spoken about cryptocurrencies, and during a few weeks keyword, #bitcoin became the most searching word on Google. Most people were being motivated to invest their savings into cryptocurrencies. Some of the people took the higher sum of money to invest it in graphics cards for mining cryptocurrency.
According to the latest news we know, that Sechuan district was affected by floodings, it means that the area is a location for 70 % of miners who, at this moment, are disconnected from electricity, or their ASIC machines have been destroyed by water. Mentioned ASIC system does not have to mean increasing demand after graphics card, because the ASIC stations don't use GPUs for their running.
The interesting thing is that the entire market reacted to floodings in mining calculations decrease about 30 %. That means a speed of hashing oscillated around 43 TH/s within a week, and now current speed is 30 TH/s.
Let's hope floodings won't cause price increases of graphics cards to be more available than one year ago.
5. 7. 2018 16:34