[ad_1]
TL; DR: Should a sadly familiar scenario return? As a result of the recent rise in the prices of cryptocurrencies, especially Bitcoin, graphics cards are expected to become even more scarce as miners grab them in bulk for their platforms. The situation exacerbates the current power issues experienced by the RTX 3000 and Radeon RX 6000 series.
After hitting its previous high of $ 19,700 at the end of 2017, Bitcoin fell to a low of $ 3,200 a year later. It has stagnated between $ 7,000 and $ 9,000 for a long time, but since December its price has skyrocketed, topping $ 20,000 last month and breaking through the $ 30,000 mark recently.
Ethereum has seen a similar resurgence – the price of crypto quadrupled last year to around $ 1,000.
Crypto price via coinmarketcap
The more valuable a cryptocurrency, the more profit a miner can make every day. And with the next generation of graphics cards delivering more power at lower prices than ever before, users can break even in fewer days. Tom’s Hardware notes that the $ 399 RTX 3060 Ti will pay for itself after 80 days of mining.
History seems to repeat itself. As Bitcoin and Ethereum skyrocketed in 2017, the price of graphics cards – those in stock – skyrocketed, with demand far outstripping supply. Consumer anger has led Nvidia to ask retailers to prioritize gamers over minors. Eventually, a declining crypto market finally saw GPU prices return to normal. When the crypto crash came, Nvidia’s stock price plummeted and last year it faced a lawsuit alleging the company reported $ 1 billion in crypto revenue as revenue. games.
What’s unique this time around is that we’ve experienced a shortage of the newer graphics cards since their release. Nvidia has repeatedly said that its GPU supply issues will last at least until the end of January, and as crypto prices continue to rise, it could be some time before gamers can upgrade their PCs.
Masthead Credit: Tech4Gamers
[ad_2]
Source link