This year, the price for the airwaves grew so much that when the rate of the crypto currency reached a record level of over $ 400, many crypto currency enthusiasts purchased AMD and Nvidia graphics cards to join the mining, which suddenly became so profitable.
The demand was so high that it led to a deficit of video cards and sky-high prices for them. However, today many US miners massively sell their farms, no longer finding the air of profitable.
According to the report of RBC Capital Markets, the growing market of the mining industry led to sales of a $ 100 million GPU for Nvidia in just 11 days. These sales, in turn, awakened interest in companies from investors, and the share price of Nvidia and AMD began to grow rapidly.
At that time, one Ethereum token cost about $ 334.79. This month, the value of the token fell to a low of $ 134.21. At the moment the price of the air has somewhat recovered - at the time of publication the rate is 225 $ - however, many small amateur lovers literally rushed to sell their farms in the last couple of weeks, probably, in addition to reducing the rate, taking into account other factors making in the near future an unprofessional ether mining Disadvantageous - in particular, the future transition of the network to the PoS algorithm.
The number of sales of mining equipment on eBay is growing rapidly. In June, 57 completed sales were registered out of 125, and in July there are almost 300 of them. July 22, the site could find 534 results for the search query "Ethereum Mining Rig". Now there are 409 of them on the site.
Sellers, who contacted the team Сryptocoinsnews, said that the production was simply not profitable. One of them said that he used equipment for airing about a month ago, but decided to sell it, because he decided to withdraw from this business. Another, said that he understood: the ether ethering ceased to pay for itself.
The Ethereum Token rose this year from about $ 8 to $ 400, and this caused so much tide of mining enthusiasts that the complexity of its mining has increased enormously. July 21, the highest average production complexity was recorded - 1304,917 TH, while in early June the average difficulty was 561,001 TH.