Ethereum’s PoS upgrade is going to set back graphics card demand

As Ethereum’s transition to EIP-1559 and Ethereum 2.0 loom ever closer, discussions over the future of GPU mining have swept over the crypto mining community.

If EIP-1559 fails to bring down Ethereum’s obscenely high transaction costs and thus drive Ethereum mining obsolete, the shift to proof-of-stake certainly will. While these thoughts are a dime a dozen these days, graphics card manufacturers like Nvidia have yet to address such concerns — at least up until now.

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