Citigroup analysts were even harsher, reiterating a “sell” rating and stating that the “Ethereum mining-related GPU gold rush is over. […] We do not believe that the cryptocurrency-related GPU sales are sustainable, and we expect miners to recover a good portion of their hardware investment by reselling their graphics cards on the secondary market, causing a headwind for retail channel GPU sales.” (Copied and pasted from the banyanhill site)
For Steemit members, it should be easy to locate the whole article.
Congratulations @aedroberts! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
You made your First Vote
You got a First Reply
Award for the number of upvotes received
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP
I rather think that most (>90%) people mining GPUs will hold on to their rigs and hope that the cryptocurrencies will rise.
Proof of Stake might have a big impact though.