Chinese Floods Decimate Cryptocurrency Mining Systems Creating Gpu Boom
Serious floods have hit the Chinese province of Sichuan, which has a sizeable cryptocurrency mining infrastructure. As many machines have been lost, the operations will need to buy new graphics cards. That’s good news for vendors who will see increased demands, but potentially unwelcome news for customers. Thanks to the rise of cryptocurrency, the GPU market has become increasingly complicated. We have written before how GPU prices decreased as the Ethereum bubble burst....