The Rush for Graphics Cards
Despite the cryptocurrency market’s recent drop, cryptocurrency miners are still able to produce a sizeable profit. In 2017 the global cryptocurrency market grew at an exceptional rate and this also caused a huge spike in cryptocurrency miners. Currently, cryptocurrency miners can receive a fast and relatively high ROI on their mining operations.
The rise of crypto miners also caused a global scarcity and price hike for graphics cards. For example, a GeForce GTX 1080 from NVIDIA would normally sell for $499 at a retailer, but right now the same graphics card can cost as high as $1250. The high price and scarcity of graphics cards have angered a lot of people in the PC gaming community, and many users are demanding that NVIDIA and AMD come up with a solution to this problem.
Analysts believe that the price of graphics cards will continue to increase in the future as more and more investors decide to expand their cryptocurrency mining operations in order to be able to compete. Gaming enthusiasts believe that the high price of graphics cards might further hurt the global PC gaming market.
A Possible Solution?
A new article by HotHardWare reports that NVIDIA has asked major retailers to prioritize the sale of its graphics cards to gamers instead of cryptocurrency miners…