Global GPU price drops to compensate for falling Bitcoin mining revenue
The meteoric drop in GPU prices opened up a small window of opportunity for small-time miners to procure a piece of more powerful and efficient mining equipment. As a direct result of falling Bitcoin (BTC) prices, total revenue earned by miners in transaction fees and mining rewards dropped to its one-year lows at nearly $15 million on July 4. However, a concurrent fall in graphic cards or GPU prices is set to help miners offset their operational costs amid an ongoing bear market.Bitcoin mining revenue fell 79.6% over a period of 9 months, ever since reaching an all-time high of $74.4....
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