Maria RomanovaNov 28, 2021 · 3 years ago4 answers How does the price of gear affect the value of digital currencies?
In the world of digital currencies, how does the price of gear impact the overall value of these currencies? Specifically, how does the cost of mining equipment, such as ASIC miners or GPUs, affect the value of digital currencies like Bitcoin or Ethereum? Are there any direct correlations between the price of gear and the value of these cryptocurrencies? How do fluctuations in gear prices influence the market sentiment and investor behavior?