Video cards fell in price in Russia due to the change in the Ethereum protocol
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Prices for video cards in Russia by October decreased by five times compared to March, said Forbes unnamed owner of the mining farm. This happened after a major update to the Ethereum blockchain protocol in September.
According to the interlocutor of the publication, more than 90% of the miners worked with Ethereum. The Nvidia GeForce RTX 30 video card line remains the most popular. In March, the Nvidia GeForce RTX 3090 card cost 500 thousand rubles, now it costs 100 thousand rubles, and you can buy it even cheaper on Avito.
On Ozon, another popular Nvidia GeForce RTX 3080 video card cost about 132 thousand rubles in March, in June – already 92 thousand rubles, now you can buy it on Avito for 65 thousand rubles. Ozon said that a change in interest in mining also contributed to the decline in prices for video cards.
Ethereum ranks second in the cryptocurrency market after bitcoin, accounting for about 20% of the market. Until September 15, Ethereum worked with a proof-of-work protocol, in which transactions within the blockchain were processed using the power of miners using video cards for this. Ethereum decided to go to the proof-of-stake protocol, in which transactions are confirmed by existing cryptocurrency holders who have at least 32 ETH in their account.
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