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Crypto traders and investors are taking heavy losses as cryptocurrency prices continue a weeks-long collapse. But at least one group seems excited by the downturn in the market—gamers.
For years, crypto miners have snapped up graphics processors, or GPUs, to provide the computing power necessary to run their mining rigs. The boom in crypto mining drove up prices for GPUs, which are also used in gaming computers to render gameplay, and led to shortages.
But with the crypto crash, miners are offloading their now unprofitable chips on the secondary market.
The price of graphics processors, like those made by Nvidia Corporation and Advanced Micro Devices (AMD), fell by an average of 15% in May, reports computing magazine Tom’s Hardware. May's decline extends a downward trend in GPU prices over the past several months. An index tracking GPU prices fell by 40%...
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INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...