#shorts
It’s Officially Over
During the worst of the GPU shortages, a lot of issues were being caused by people buying hundreds, thousands, or even more graphics cards to mine a crypto currency called ethereum, which at the time was very profitable to do.
In fact at one point an RTX 3070 could make over $15 a day, but fast forward to today where the price of Ethereum recently dropped below $1,500 and profits after tax and electricity have fallen to as low as 59 cents per day on that same 3070.
So with that in mind GPU demand from miners has fallen off a cliff and in fact you may see a flood of GPUs hit eBay very soon if this trend continues.
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