Aden Weier
In the economy, the new way of making money and investing money is in crypto currency like bitcoin and ethereum. This has pushed many investors to want to get their way into the crypto market with how they can spend little and make big in the long run however you have to time the crypto market in the right time otherwise you can also lose a lot of money.
If you have a computer at home you can actually mine crypto currencies using your graphics card. Each graphics card has a hash rate and that is how much your computer can solve complex equations to figure out the code to get some crypto currencies. And since people mining cryptocurrencies has seriously affected the graphics card mark. Due to the high demand the price for graphic cards has increased and people are buying them and scalping them to make more money then what the card is actually cost.
As you can see the price of graphic cards has skyrocketed due to the high demand for cards to mine crypto. Also there is low supply because of the computer chip shortage happening all across the world so Nvidia cannot manufacture all the cards they want. Due to the high rise of crypto and mining crypto it is affecting the economy hard for supplies that everyone uses.
As I personally mine crypto as well I was able to get a 3070 just for 110% MSRP of the actual cost. And every second my personal computer is making money and investing all of it into the market to hopefully get a great outcome in the future.
Hong, Euny. “How Does Bitcoin Mining Work?” Investopedia, Investopedia, 11 Jan. 2022, https://www.investopedia.com/tech/how-does-bitcoin-mining-work/.
Joel Hruska on March 3, 2021 at 8:16 am Comments. “Nvidia's RTX 3000 Prices Have Gone from Bad to Brutal.” ExtremeTech, 3 Mar. 2021, https://www.extremetech.com/gaming/320487-nvidias-rtx-3000-prices-have-gone-from-bad-to-brutal.
“Leading Cryptocurrency Platform for Mining and Trading.” NiceHash, https://www.nicehash.com/my/dashboard.
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