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$AMD and $NVDA

Market analysts seem to be seeing only what they want to see when it comes to cryptocurrency mining and GPU demand.

When the GPU mining craze started to boom in May, causing a shortage in AMD and NVDA GPUs, analysts were quick to say that it is just a short term craze.

When the price of Bitcoin and Ethereum started to fall, they said that there would be a mass selling of GPUs on the second hand market. Ethereum fell about 50% in a few months from a high of .14 BTC ($400) to a low of .069 BTC ($163).

Since May, there has been and continues to be a shortage of AMD Radeon RX 470/480/570/580. Even RX 460s and 560s are some what hard to find. The AMD Radeon RX 580 is the best for mining Ethereum.

The higher end GPUs (of AMD, since they are better for Ethereum) can work at 25-35 MH/s
1,000 MH/s equals 1 GH/s
1,000 GH/s equals 1 TH/s

On June 16, 2017, Ethereum's network was 45.7 TH/s.


Today, its network hashrate is 81.9 TH/s


One analyst mentioned that transactions per second for Ethereum had drastically dropped. It hasn't.


Zcash network hashrate has stayed quite stable in it's range of 200-250 MH/s
*zcash has a different way of doing hashes, but 200 MH/s is some intense computational power.


The crypto sell off of July 2017 has not stopped people from mining. AMD and NVDA will still see mining demand for their GPUs from altcoins that do not allow ASICs on their network.

*photos from https://etherchain.org/ and https://www.coinwarz.com/network-hashrate-charts/zcash-network-hashrate-chart
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