Second Hand Rigs Are Dumped as the Solo Mining Dream Dies

Mining

In the summer of 2017, rising cryptocurrency prices led to a run on high performance graphics cards. Coveted cards with a high hashrate were snapped up like proverbial hot cakes, leaving gamers, scientific researchers, and anyone else who relied on flagship GPUs priced out as the cryptocurrency frenzy escalated. One year on, and those same graphics cards can be acquired for bargain prices.

Also read: SHA-256 Mining Hashrate Climbs Significantly in One Year

From Hot Property to Obsolete Hardware

It was the summer of 2017 and the Geoforce 1070, Nvidia’s second-most powerful graphics card, was retailing for $450. There was just one problem: no one could get hold of one. In PC stores around the world, bare shelves occupied the space where…