Recently,New AMD Graphics Card sold out In Minutes with the increase in cryptomining.Due to the huge demand of GPUs by the world of cryptocurrencies miners,PC enthusiasts are suffering from big shortage of GPUs again.Dealers are charging double or triple list prices for popular AMD and Nvidia gaming cards on third-party marketplaces.The two chipmakers,Nvidia and AMD must produce more to secure the requirements of their most imperative market or risk building their businesses on cryptocurrency quick sand.
Crypto currency miners use graphics cards from AMD and Nvidia to "mine" new coins, which can then be sold or held for future appreciation. Ethereum is currently one of the popular alternative coins to mine with PC graphics cards.The price of ethereum cryptocurrency raised more than 400 percent in the second quarter of 2017, resulting is card shortages during the summer.
Ethereum price chart Source
When the cryptocurrency price rise up,the demand of AMD and Nvidia's GPUs is increased for digital currency mining.When cards do become available, they are often over priced by third-party sellers at more than double or even triple Nvidia's and AMD's suggested list prices.The PC gaming community is flooding social media and Reddit with thousands of angry posts, over the price gouging.
This problem must be solved soon.