PC Crypto ban in China and Bitcoin Crash help reduce GPU prices, huge mining card stocks being dumped on market.

Simonsayz

Active member
Feb 17, 2014
262
72
33
Islamabad
Bitcoin dropped from ~$64,000 value of 15th April, 2021 to below $30,000 this week. Other Cryptocurrencies were also on decline. This latest crypto crash is due to the recent crackdowns in China on crypto mines because of high energy usages and Elon Musk's ban on accepting Bitcoin as Tesla payment among other factors.


Following a steady decline, a lot of investors dumped their crypto currencies on to the market, flooding the market and causing further decline. In China, miniers have already started dumping huge stocks of mining equipment, including GPUs on to the market causing GPU prices to drop to almost half.


Expect the same globally, and on PG & OLX, but be aware of mining cards lifespan and performance. But overall stocks seem to be increasing globally as well.


 

iampasha

Well-known member
Apr 4, 2013
2,249
821
129
25
Karachi
No one should buy these cards, unless for dirt cheap like less than half of MSRP. Show these miners thier aukaat.
 

exiooew

Newbie
Nov 4, 2020
15
0
1
New York
develux.com
The only disadvantage of cryptocurrency is its price volatility. Bitcoin today can be worth 56 thousand dollars, and tomorrow its price will drop sharply to 30. And this can happen with any cryptocurrency. As for crypto casinos, I like this much more. At least the fact that no one regulates Bitcoin and you do not need to pay taxes to the state on the amount you won. Can you advise the best Hi Lo gambling game? Any ideas?
 
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