Hi guys, as most of you probably know, graphic cards by NVIDIA have been very expensive especially due to the mining of crypto.
However, in the past few years, it has been unprofitable to mine Bitcoin with graphic cards due to ASICs miner machines that are much more efficient. And now, Ethereum is moving to a “transition to a proof-of-stake protocol” very soon, so it will be impossible to mine with graphic cards. All in all, impossible to mine the 2 main crypto currencies with a graphic card.
The cost to acquire an NVDIA graphic card has already started to decline over this weekend. NVDA is trading at very high multiples right now with a lot of growth priced in. We can anticipate a decline in demand for GPU, but also will the crypto miners turn around and sell their GPU pushing the prices down even more?
I wonder if this is priced in. A lot of analysts like NVDIA a lot, but I am not sure if those analysts are aware of that inevitable possibility of a pull back of people mining with GPUs which will affect the demand.
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