The data suggest that miners of Ethereum, the second-largest cryptocurrency, are to blame for gamers’ woes
s are specialised chips that excel at matrix algebra, which is required for 3graphics and machine-learning tasks like translating languages. They are also the best tool for mining Ethereum . In contrast,In general, chips lose value over time as new, more powerful ones are developed. Technological gains have slowed since the 1990s, butlike Intel’s Core i7-3770 sells for a third of its release price.580, have gained value.
In theory, such appreciation could reflect the growing popularity of gaming and machine learning. However, secondhand market data suggest a different cause.s tracked by Keepa have moved in lockstep with Ethereum’s value. In late 2017 the currency’s first big rally coincided with a surge in listedAnother boom began last year. As Ethereum’s price rose from $107 in March 2020 to $4,400 last month, the value of mining hardware once again followed suit.
Meanwhile, Ethereum’s overseers said in May that they will rejig its blockchain to require less computation, and thus less electricity. If implemented, this might lowerprices.
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