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There’s always a market for GPUs. The market was trading higher immediately before the merge, and now it’s trading lower, so if you ran a mining operation then

There’s always a market for GPUs. The market was trading higher immediately before the merge, and now it’s trading lower, so if you ran a mining operation then selling your hardware before the merge would’ve yielded some good money unless you held so much it would actually change the market price (unlikely). So why did the price drop so suddenly? Why didn’t everyone anticipate this and sell before? Probably some combination of laziness and belief that the merge wouldn’t work.

discardedrefuse 4y ago
My guess... it has more to do with the logistics of uninstalling hundreds, or even thousands, of GPUs and then prepping them for sale on eBay. Its probably more profitable to use them for mining until the very last second and then sell them in bulk to an eBay vendor or foreign nation or whoever is in the market for pallets of GPUs.