GPU PRICES AND CRYPTOCURRENCY RETURNS

  • Linus Wilson University of Louisiana at Lafayette

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.

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Published
2022-03-06
How to Cite
Wilson, L. (2022). GPU PRICES AND CRYPTOCURRENCY RETURNS. Applied Finance Letters, 11, 2 - 8. https://doi.org/10.24135/afl.v11i1.503
Section
Articles submitted to regular issue