Ethereum has also reached a new all-time high

Source: Hardware Luxx added 20th Jan 2021

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In the shadow of Bitcoin, the crypto currency Ethereum is also climbing to an all-time high. With a current exchange rate of just under 1. 200 Euro per coin, one is still far from the current value of a Bitcoin, but the Ethereum rate is also picking up speed. Currently, this is likely to be due, among other things, to the fact that many investors are not ready to get in at the high of Bitcoin.

Rather, they are trying to get a supposed bargain with the comparatively cheap ether. But this is also a risky investment. In the past 24 hours the price of Ethereum gained a whopping 15%. Which can also mean that the price can fall again at any time.

However, with the introduction of version 2.0, Ethereum switched the consensus procedure from Proof of Work to Proof of Stake. This means that a mechanism decides which participant is authorized to generate a respective block. This is done by means of weighted random selection. Whereas with the proof-of-work procedure, all new transactions are validated by participants in the blockchain and only then added to the network.

In addition, a look at the transaction figures shows the current interest in Ethereum. In the past 24 hours alone, a whopping twelve billion US dollars were transferred. If you compare this with the transfer volume of bitcoins, these only come to nine billion US dollars.

So another mining boom seems to be just around the corner. However, graphics cards are already completely sold out. If the demand among miners increases, prices on the GPU market are likely to rise again massively.

If you are currently looking for a new graphics card, you should definitely take a look at our availability thread. Here we inform our readers within seconds as soon as one of the coveted GPUs is available in stores again.