GPUs Price May Drop by 20%

Mining popularity decrease may hit hard on the GPUs prices
03 July 2018   1197

In July, we should expect a 20% drop in prices for video cards due to a decrease in interest in cryptocurrencies. This is reported by Techradar.

According to representatives of the company DigiTimes, graphics processors producers are seeing a decrease in demand for their goods. The main reason, in their opinion, is that amateur miners have become less likely to buy video cards for their farms, as well as massively sell out graphic processors at a low price due to the rejection of their hobby.

In addition, because the market is oversaturated with cheap video cards, the manufacturers of computer components are in no hurry to release new models due to the current situation.

For example, Nvidia postponed the release of a new generation of video accelerators, as the company has not yet sold the latest graphics processor model.

Note that in June, one of Taiwan's vendors returned Nvidia 300 thousand video cards, which were unclaimed due to falling sales.

DigiTimes also reports that ASIC sales – dedicated mining rigs that the serious miners use rather than simple PCs with multiple graphics cards – are also slumping, unsurprisingly.

Buterin to Propose to Increase PoS-Validators Reward

According to Vitalik proposal, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%
23 April 2019   96

The creator of Ethereum, Vitalik Buterin, published on GitHub a proposal on changing the reward scheme for validators after the transition of ETH to the Proof-of-Stake consensus mechanism (PoS).

According to the formula proposed by Buterin, if PoS-validators, for example, validate 1,000,000 ETH, then the annual yield will be 18.1%.

Buterin PoS Validators Reward Proposal
Buterin PoS Validators Reward Proposal

The more assets are fixed for validation, the lower the interest rate. So, 134 217 728 ETH will bring cryptoinvestors only 1.56% per annum. At the same time, the maximum annual emission volume will be 2,097,152 ETH.

Considering that the current volume of Ethereum's market offer is 105,777,585 ETH, this offer is focused on the medium and long term. Buterin also clarified that the profitability indicators are shown without taking into account proceeds from transaction fees. Consequently, the actual income of validators can be several percent higher than the values ​​indicated in the table.

According to Justin Drake, a researcher at the Ethereum Foundation, if after implementing PoS 32 million ETH will be allocated for stacking, the income of validators will be 3.2% per annum. At the same time, the annual emission indicator will be 1% (for comparison, the current indicator of Bitcoin inflation is 3.94%).

In this case, Drake notes that after the activation of EIP 1559 of the funds collected in the form of commissions, will be destroyed. Consequently, with an average gas consumption of each shard of 1000 ETH per year, inflation will drop to 0.5%.

Users left generally positive comments on the offer. However, some of them expressed fears that in the new conditions the exchange may receive significant advantages, which will be able to do stacking at the expense of clients.