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The Handelot Times
Markets

Kazi Najib Ashraf: the money quest vs the health of our earth

A few weeks ago, I went back to school. I mean: it had been a total re / unlearning experience. Plus, what a roller coaster ride has been!

The Handelot Times Issue 25, June 2021 4 min read

A few weeks ago, I went back to school. I mean: it had been a total re / unlearning experience. Plus, what a roller coaster ride has been!

I am mostly flirting with Mobile Phone, Accessories or Gaming product trading, when one of my customers asked me for a strange product that I hadn’t delved it in earlier - a thousand pieces of GPU’s to be made available as soon as possible. I didn’t take it too seriously, but his constant pestering made me look around, and call it luck that I was able to find the product.

What happened afterwards has been a material of legends, as the margins that I was able to demand were something legendary (obviously I won’t share them within this article). Moreover, the frenzy on this trade being associated with Crypto Currency had been wild. Since my first call, in fact, the prices have raised by more than 300% and there are no signs of these subsiding soon. Everything from Bitcoin, Etherium, Dogecoin and I guess soon there would be a Catcoin and a Pigcoin and whatever is shooting through the roof and the miners need machines, and they’re willing to sell their ancestors for these ones.

As I understood from one of the manufacturers, AMD and NVIDIA are now dominating the world of GPU’s and their target customers; plus, those who were supposed to be gamers are now bitterly complaining. The 10 Billion $ gaming Industry has been suffocated by products and they are not willing to pay a 1000$ for a 300$ graphic card. Both AMD and NVIDIA are also aware that Crypto might pop any day like in the past, but their classic customer base is here to stay. That’s why NVIDIA has announced that their cards would be blocked for mining - starting next month - and AMD would follow that call soon.

The rest of this article is in the magazine Continue in issue 25

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