We all know about that general rule of paying top dollar for the latest technology and then getting discounts below MSRP on the older technology. Video cards have followed this rule (in my opinion) for many years but when the use of mining with video cards became a thing (more than five years ago I believe), prices of video cards were higher due to increased demand. But recently the world of cryptocurrency mining has changed. Ethereum cryptocurrency switched to proof-of-stake from proof-of-work on September 15, 2022 and there is no need to mine - meaning solving a blockchain. Bitcoin (BTC) and Dogecoin (DOGE) are two coins that you can still mine. But Bitcoin has dropped significantly in value from it's peak in November 2021 and it's now about half of that value in July 2023. As a cryptocurrency goes down in value, does that mean that mining it pays the miner less money?
Here's my question though. I know the latest video cards are excellent at rendering games. Each series improves upon the previous one. But demand should be dropping (from a cryptocurrency mining perspective) for the latest video cards. The COVID-19 Pandemic is pretty much over for now and working at home on your computer is decreasing as a result. Gamers are still out there but have we all become accustomed to paying $1,000 USD and more for the latest video cards and so the leaders in manufacturing them keep charging those prices? Who out there is willing to pay $1500 USD or more for a video card anyway?
Let's hear your thoughts.
