Huang Jenxun, CEO of Nvidia, one of the main graphics card manufacturing companies in the world, has explained that his company currently has an excess inventory of graphics cards, which is leading them to have to reduce the prices of their products. GPU and present them on sale, and they may be sold below their launch price. What is most striking is that this price drop is being largely driven by the imminent arrival of Merge to Ethereum, an event that will put an end to PoW or proof-of-work mining on this network.
Maybe you are interested: Can The Merge affect DeFi protocols?
In this way, it is more than likely that the community of designers and gamers will be the ones who are benefiting the most from the arrival of Ethereum 2.0, since some really valued Nvidia GPUs such as the RTX 3080 Ti 12 GB have lowered their prices in up to fifty percent from the beginning of 2022. In fact, in the month of August alone, GPUs have seen their price reduced by more than six percent.
Nvidia is a company really known for manufacturing the most popular GPUs on the market and is currently preparing the launch of its new generation: the RTX 4000 series. These GPUs will be launched after the Ethereum Merge, which is scheduled for between 10 and September 20. In this way, the company wants to sell as many of its old models as possible before the new launch.
Crypto miners are discouraged with mining
Although the arrival of the Merge only means the end of mining for Ethereum, but not for the rest of the networks, experts warn that this event seems to be discouraging the entire ecosystem of GPU miners, especially considering that Ether (ETH) is the most profitable coin to mine today.
Furthermore, Ethereum Classic (ETC) has also seen its profitability reduced in the last month, falling to fifty percent below the returns generated by Ethereum through GPU mining due to the fall in the price of ETC and the increase in the hashrate on that network.
