GPUsNews

Ethereum Price Approaches $4,000 as GPU Mining Becomes More Profitable than Ever

The present cryptocurrency boom is showing no signs of slowing down, with Ethereum price reaching an all-time high of nearly $4,000, making mining on gaming graphics cards more popular than ever. After Bitcoin, Ether is the second most popular digital currency with a market cap of $457 billion at the time of writing. That’s near twice as much as Intel’s market worth.

Ethereum is primarily mined on graphics cards, with NVIDIA’s RTX 30 series GPUs offering the highest value which is also why they’ve been so hard to buy over the last several months. With both Bitcoin and Ether going this strong, it’s hard to see how things for gamers will improve anytime soon. Although NVIDIA has started releasing a revised variant of nearly every RTX 30-series GPU with half the Ether hash rate, the cards are still pretty profitable since Ether is now valued at a whopping $4,000.

Areej

Computer Engineering dropout (3 years), writer, journalist, and amateur poet. I started my first technology blog, Techquila while in college to address my hardware passion. Although largely successful, it was a classic example of too many people trying out multiple different things but getting nothing done. Left in late 2019 and been working on Hardware Times ever since.

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