The value of the cryptocurrency Ethereum has risen above $ 3 for the first time this morning. That's good news for crypto enthusiasts who started mining Ethereum when it was first introduced.
According to the Coindesk price index, Etherreum was trading for less than $ 200 in May 2020. This morning its value peaked at $ 3. People who have optimized their GPUs for Ethereum mining, or who bought units of the cryptocurrency when its value had just started to rise, have made a great investment.
Ethereum is about 16 times more valuable than last year
But this news is not going to be good news at all for PC gamers who want to upgrade their hardware. Ethereum miners have been quick to buy any graphics card, gaming laptop, and other hardware with heavy processing and hash power to mine. This has led to a constant shortage of stock for these products.
Just a few days ago, the price of Ethereum fell by as much as 10,5%, as the entire cryptocurrency market reacted to a report that President Joe Biden planned to raise the capital gains tax this year. It was expected that this would make cryptocurrencies less profitable and graphics cards more affordable for consumers.
But the cryptocurrency market has many ups and downs and there are no signs that Ethereum will be less attractive to miners simply waiting for its value to drop. It looks like we'll have to wait for GPU component supplies to improve, or take part in raffles like the Newegg Shuffle to win a chance to buy a graphics card as part of a bundle with a motherboard or power supply.
Source: Tom's Hardware
