The profit is falling sharply, so the price of Nvidia's video card should fall. Miners will not overpay.
One plus of these graphics cards is that they will not increase the Ethereum hashrate.
hash rate peaked around 640th
dropped to 574th
and is back to 594 th
it was as high as 22cents an mh
it is down to 6-7 cents an mh
evga 3070 ftw3 premium card used to sell at 1800-2200 on usa ebay
it is down to 1200 on ebay.
we seem to have settled in 6-7 cents an mh.
it works for those that own the cards already.
but buying at 1k for the 3070 is too high for a miner.
and buying at 1k for the 3070 ti is too high for a miner.
I am thinking most scalping on usa ebay right now is selling to gamers not miners.
I make offers every day on a few ebay evga 3070 ftw3 cards.
I offer 999.99 no one has said yes to that number.