Technically incorrect but socially “correct” where correct means as incorrect as the average person. I consider that to be a very prominent sign of lack of research.
1. Etherum is moving to a "Proof of Stake" at some point this year. This will mean you don't need GPU power to mine Etherum. While Bitcoin can be mined with ASIC's Etherum requires a large amount of memory (aka a GPU).
2. Chip shortage is easing
3. Intel (and others?) are announcing / releasing GPUs that are looking pretty darn good.
I am hoping to pick up a used 3080 or similar once proof of stake is announced. I expect a pretty large ebay inventory increase once this date is set.
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[ 3.0 ms ] story [ 34.4 ms ] threadbut their meaning is "bitcoin/crypto". Much the same way internet/web and hoover/vacuum cleaner are interchangable to the general public.
As for if it's the actual cause? idk.
1. Etherum is moving to a "Proof of Stake" at some point this year. This will mean you don't need GPU power to mine Etherum. While Bitcoin can be mined with ASIC's Etherum requires a large amount of memory (aka a GPU).
2. Chip shortage is easing
3. Intel (and others?) are announcing / releasing GPUs that are looking pretty darn good.
I am hoping to pick up a used 3080 or similar once proof of stake is announced. I expect a pretty large ebay inventory increase once this date is set.