TL; DR: Is a depressingly familiar situation set to return? Following the current jump in cryptocurrency prices, specifically Bitcoin’s, graphics cards are anticipated to become even more scarce as miners get them wholesale for their rigs. The situation is exacerbating the current supply problems experienced by the RTX 3000 and Radeon RX 6000 series.

After striking its previous record of $19,700 in late 2017, Bitcoin dropped to a low of $3,200 a year later. It stagnated in between $7,000 and $9,000 for a long period of time, however considering that December, its price has gone through the roof, passing $20,000 last month and breaking the $30 K barrier recently.

Ethereum has experienced a comparable revival– the crypto’s cost has actually quadrupled in the in 2015 to around $1,000

Crypto rates via coinmarketcap

The more valuable a cryptocurrency, the more earnings a miner can make each day. And with the brand-new generation of graphics cards offering more power at lower rate points than ever in the past, individuals can break even in fewer days.

As Bitcoin and Ethereum soared in 2017, the rate of graphics cards– those in stock– increased as demand far outweighed supply. Eventually, a dropping crypto market saw GPU prices lastly return to normal. When the crypto crash came, Nvidia’s share price plummeted, and last year it faced a claim alleging that the company reported $1 billion in crypto earnings as gaming profits.

What’s special this time around is that we have actually been experiencing a scarcity of the latest graphics cards because their release. Nvidia has actually consistently said that its GPU supply issues will last until a minimum of the end of January, and with crypto costs continuing to rise, it might be a while before players can upgrade their PCs.

Masthead credit: Tech4Gamers


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