Graphics Cards Selling Out In Various Countries!
Most recently the prices of Digital Currency and Crypto has gone through the roof, like crazy thought the roof! What happens when the value goes up of something the price of the commodity to mine that coin goes through the roof aswell.
Graphics cards where originally used for gaming rigs so users have a much faster processing time on the computers, but most recently there is a much ore greater shortage of them.
The main focus of these cards are to mine Crypto-Currency and big countries like Russia, China, India are buying up massive loads to where sellers are now sold out in various parts of the world. The companies who make them cannot make them fast enough and the price of theses cards can range over £300-$500 based on what they can mine and how fast they can mine them.
This year for Crypto has been a statement, "literally", given the price Euthereum, Litcoin, Monero, ect people are snapping these cards up at massive quantities. Russia seems to be the most affected place according to online articles.
Graphics Card Price Sky-Rocketing!
I have noticed in the last couple of weeks, the price online for these G-Cards has risen on some websites almost 50-80% from what I checked about a month ago. Even second hard cards are the same price as new ones a few months ago, whats going on there seems to be a frenzy in Crypto this year! When you have big companies buying up massive amounts this does have a negative impact on the price and the basic users, like us! This is good news for AMD and NVIDIA I recon their company shares will also rise if they are public companies.
Most media outlets still think people are buying graphics cards to mine Bitcoin. I personally don't think this is the case, as GPUs have been incredibly inefficient for some time now. Instead, people will mine Ethereum, Litecoin, ZCash, or even Monero. All of these currencies can be mined easily with graphics cards and some are pushing out incredible hashing power. Some mother-boards will support up to 6 Graphics cards on one mining rig, I have seen on video on you tube where the gear ha got 12 not sure how he's done it but he had over 450 MH on Ethereum at the current time.
The world is warming towards Bitcoin and Crypto, mining is growing in popularity. It is good to see graphics cards getting more demand, as not too long ago they were nearly pointless, but they may just get a second chance with demand at and all time high!
ASIC X11 Miners Sold Out Everywhere!
Due to the high trend in Crypto, socially DASH X11 I have tried to buy myself an ASIC miner from China the main manufacture and every time I got a response from every single one I enquired about, " Sorry all ASIC miners are sold out we will be in contact if more become available" just like the Graphics cards due to high coin value the companies might swell keep them for them selfs and mine, it would be much more beneficial and prize will make a lot more money. Just my thoughts!