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
294
88
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

Seasoned
Apr 4, 2013
2,749
1,474
129
28
Karachi
No one should buy these cards, unless for dirt cheap like less than half of MSRP. Show these miners thier aukaat.
 

exiooew

Beginner
Nov 4, 2020
25
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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MaxMart

New member
Aug 9, 2023
1
1
1
Your insights shed light on the significant impact of events in China and Elon Musk's decisions on Bitcoin's value. The way the market responded with investors selling off their holdings and the subsequent drop in GPU prices due to mining equipment flooding the market is truly intriguing. It's fascinating to witness how these global events can lead to changes in supply and demand for hardware components. For those interested in navigating the market changes, staying informed through platforms like Immediate Edge could provide valuable insights. The evolution of the cryptocurrency landscape continues to be a topic of interest, even years after these events took place.
 
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farbwn2

Intermediate
Feb 9, 2008
110
4
24
lahore
Cryptocurrency is against paper currency's long standing hegemony. so these forces will oppose this change fierce fully.
 
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    faraany3k said:
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  • faraany3k faraany3k:
    So while Playing Control, I found a journal which said that a bathroom is missing in Islamabad Beurue of Control. With Alan Wake and Control seems to be connected worlds. Even our city is in the universe as well. No wonder those Trail 5 and Trail 6 are haunted.
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    faraany3k said:
    What is peoples obsession with Battle Royale genre. 6 minutes to find a match, 3 minutes to setup a match, 2 minutes to land, 10 minutes for scavanging maybe 2 3 gunfigts and its over. Multiplayer landscape is looking absolute dogshit.
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    What is peoples obsession with Battle Royale genre. 6 minutes to find a match, 3 minutes to setup a match, 2 minutes to land, 10 minutes for scavanging maybe 2 3 gunfigts and its over. Multiplayer landscape is looking absolute dogshit.
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    EternalBlizzard said:
    Vinland Saga > Berserk
    I usually stay away from animes. Vinland saga changed the way i look at my life, and my experiences within. I recommend every breathing human being to watch this animated masterpiece at least once fromstart to finish.
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    Vinland Saga > Berserk
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    Forbidden West Complete Edition now available on your fav websites. And Nixxes showed Crapcom how it's done 👍
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    faraany3k faraany3k: I dont think games have looked any better since 2019 onwards and they are performing worse and...