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Nvidia speaks out against rising price of GPUs due to cryptocurrency mining


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#1 JohnC_21

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Posted 21 January 2018 - 07:30 PM

Almost a year on from our look into why graphics card prices often seem to be higher than their manufacturer suggested retail pricing (MSRP), it’s happening again in much more dramatic fashion. Once again, availability and the ever-present fluctuations of supply and demand are the cause, but this time demand has skyrocketed because of graphics card-powered cryptocurrency mining.
 
It’s been years since graphics cards were used en masse for Bitcoin mining, because the hardware arms race meant that specialized application-specific integrated chip (ASIC) mining hardware quickly overtook them. Ethereum mining, however, as with other digital currencies, doesn’t benefit in the same way from specialized hardware, so graphics cards are a great solution for mining them, and that’s leading to stock shortages and price hikes.

 

 

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#2 C0bra

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Posted 24 January 2018 - 12:56 PM

Interesting read, I have noticed GPU prices starting to skyrocket. Crazy to think it's because of cryptocurrency.


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#3 JohnC_21

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Posted 25 January 2018 - 10:26 AM

If Cyrptocurrency turns out like Tulips then they may be a flood of used GPUs on the market. This would be a good time to purchase one.



#4 C0bra

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Posted 25 January 2018 - 10:45 AM

If Cyrptocurrency turns out like Tulips then they may be a flood of used GPUs on the market. This would be a good time to purchase one.

 

Very true! Could very well see a decline in the market - cryptocurrency has fascinated me lately! Especially since I had the opportunity to buy them when they were pennies on the dollar, but who knew! I'm quite curious to see how this plays out.


Edited by C0bra, 25 January 2018 - 10:46 AM.

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