Cryptocurrency Mining has become a very profitable business and gpu manufacturers sure want to take advantage of it.
Due to the enormous growth of the cryptocurrency market during 2017, you can now build a rig and make ROI in only 3 to 4 months, which is to any standards pretty freaking good!
Now, to put it into perspective lets compare the costs of 6 graphic (Nvidia 1070s) cards back in December 2017 and January 2018:
December 2017 - MSI 1070, 600 USD x 6 = 3.600 USD
January 2018 - MSI 1070, 949 USD x 6 = 5.694 USD
That is a whopping 58% increase in less than 30 days, talk about inflation!
Why could the increase in GPU prices actually be a good thing for us holders?
The production cost of the mined coins and the actual sell price was reaching a very dangerous gap, if coins are cheap to produce it is more likely that the price will be contained by miners selling their huge profits.
With the increase in GPU prices, mining becomes more expensive and therefore the cost of production of every mined coin also increases, which should reflect positively in the price.
So there could be an upside to this huge GPU price increase, unless you are gamer of course, in that case there is no upside for you and maybe you should consider buying a PS4!
For now, I am happy that I got my hands on one of the last cheap 1070s before the price increase hits my country, will be doing a review on it soon…
