As of this Thursday, September 15, 2022, cryptocurrency mining Ethereum from graphics cards, intended mainly for the video game segment, ended. This happens because this digital currency has changed its algorithm from Proof of Work (PoW) to Proof of Stake (PoS), which means that gradually GPUs will no longer be used for its extraction.
And we finished!
Happy merging all. This is a big moment for the Ethereum ecosystem. Everyone who helped make the merger happen should feel very proud today.
- vitalik.eth (@VitalikButerin) September 15, 2022
This novelty will bring several other consequences to the market that will be to the liking of all those looking for more powerful graphics cards, especially since it will consequently lead to a drop in the price of these equipment and also to a greater amount of stock.
BUT: Ethereum price forecast in 2025
Furthermore, there will certainly be an abrupt increase in the sale of second-hand graphics cards that had been used to mine Ethereum.
But one of the most important consequences is the fact that world electricity consumption is estimated to be reduced by 0,2%, enough to power the 5 main cities of the entire world.
However, this scenario raises some fears regarding sales of next-generation graphics cards, namely Nvidia's GeForce RTX 40, which should be announced on September 20 and reach the market on October 22.
