The shortage of video cards will continue

The shortage of video cards will continue
Crypto investors earned a record $830 million on Ethereum in January, thanks to network activity and an increase in the value of the digital currency. According to CoinDesk estimates, monthly revenue has not reached this level since the previous record in January 2018, close to an all-time high. The revenue estimate assumes that Ethereum miners simultaneously sell all their cryptocurrency reserves at the current exchange rate.

At the same time, CoinDesk data on network activity shows that network fees (total commission deductions for all transactions) in January 2018 accounted for only 9 % of monthly income. By comparison, network fees accounted for almost 40 % of $504 million in revenue last month.

Notably, monthly network fees have consistently been less than 10 % since Ethereum's previous all-time high until May 2020, when the craze for decentralized finance (DeFi) gave this cryptocurrency a strong boost. Since May, monthly deductions have averaged 30 % of income.

The increase in commission charges is not surprising, given the consistently high transaction costs. According to Blockchain, on January 11, the average transaction fee in dollars reached a record high of more than $19. The previous record of $10.33 was set just five months ago on September 1.

Mining activity has increased markedly, with the Ethereum network hashrate reaching a record high of over 360,000 gigahashes per second on Tuesday. Mining complexity naturally continues to grow: a new record of 4,600 terahashes per second was recently set, and the growth continues.

The Ethereum exchange rate continues to grow, which spurs the interest of crypto investors in this cryptocurrency. Today, thanks to the growth of the exchange rate by two and a half times since the beginning of the year, Ethereum mining has become a profitable occupation. Currently, the profitability of video cards is approximately $12 per day for the NVIDIA GeForce RTX 3080, and $7.6 for the RTX 3060 Ti per day. Even the cards of previous generations have become relatively profitable: the RTX 2070 gives $5.2 per day, and the RX 5700 - $7.2 per day. Of course, this situation provokes a shortage of high-end graphics cards, which are currently almost impossible to buy.
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