GPU Prices and Cryptocurrency Returns

15 Pages Posted: 13 Oct 2021

See all articles by Linus Wilson

Linus Wilson

University of Louisiana at Lafayette - College of Business Administration

Date Written: September 12, 2021

Abstract

We look at the association between the price of a cryptocurrency and the secondary market prices of the hardware used to mine it. We find the prices of the most efficient Graphical Processing Units (GPUs) for Ethereum mining are significantly positively correlated with the daily price returns to that cryptocurrency.

Keywords: 3080, ASIC, Bitcoin, crypto, cryptocurrency, ETH, Ethereum, GeForce, GPU, mining, Nvidia, RTX

JEL Classification: G12, G23, L11, L22, L63

Suggested Citation

Wilson, Linus, GPU Prices and Cryptocurrency Returns (September 12, 2021). Available at SSRN: https://ssrn.com/abstract=3922181

Linus Wilson (Contact Author)

University of Louisiana at Lafayette - College of Business Administration ( email )

Department of Economics & Finance
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