Not only Bitcoin, a number of other cryptocurrencies such as Ripple, Litecoin or even Ethereum have had bittered values over the past few year.However, one should be thankful for the interest being received from a high range of investors.
Not only this, with the increase in prices of such cryptocurrencies, even the graphics cards are experiencing a price rise because of the shortage is in the retail market.
A medium or high-end graphics card from Nvidia or AMD are presently unavailable or extremely short supply is being carried out of them, keeping them out of stock for a longer time.And all of this is because of the cryptocurrency – a purchasing them in bulk to set up their own machines so that they can be useful in mining Bitcoins and various other cryptocurrencies as such.
According to the reports provided by Polygon, The pricing of Nvidia’s GeForce GTX 1070 should not be more than $380 depending on the model and its features. But, Due to the increase in demand and the lesser number of devices available in the market, they are being sold for nearly $700 or more, that is likely 80% more than its deserved value.
The Cryptocurrency miners I’m getting stacks of these graphics cards so that they can solve the mathematical problems which they face during the authentication of the payments to create a new Bitcoin.
Because, we know that there are only a limited number of Bitcoins available, and that’s the network has been designed in such a way, that every new Bitcoin generated requires more time and power to be built.
Thus, it is easy to understand that why a large number of graphics cards are required with the increasing demand of Bitcoins or various other powerful cryptocurrencies.
THE INCREASING PRICES OF THE GRAPHIC CARDS OF NVIDIA AND AMD
The Graphic cards pricing is making it quite a difficult task to set up a gaming PC even with the present scenario.Especially, with the shortages of the mid-range cards such as the GTX 1060 or the GTX 1070, The prices of both of the mid-range card as well as the higher functionality cards are increasing at a tremendous unacceptable rate.Various cards to Go through this face-off increasing the prices are Nvidia’s GTX 1060, GTX 1070, GTX 1080, and AMD’s Radeon RX 570, 580, Vega 56, and Vega 64.
However, Nvidia Is promoting its retail partners to keep a Priority for Gamers other than the miners, however retailers able to generate a Branson income and gain almost double the amount of the money that they deserve.
So, it is very unlikely that they would give a higher preference To The Gamers.Certain retailers, I’m also come up with a solution for this, that is they and limiting the sale of the graphics cards for the miners so that they cannot purchase tax of cards.
Not only this, according to the reports given by Polygon, Micro Center is providing special discounts for The Gamers who purchase the cards along with the other components.
Such bigger scale companies taking actions as such help promote the Demons to set up their own platform and that we can say that we still have high hopes for the gaming industries.
However, one cannot deny that this problem is not only been affected to the US citizens, but it is also being faced by a large number of people across the globe.
This Is mainly because Gamers have to come up with and bear the high prices of the RAM, for Bitcoins and the other cryptocurrency prices, or rather should I call the fluctuation and the prices affecting the graphics cards I’m coming up as a hindrance for building up a perfect gaming PC for the newcomer gamers or the evolving ones.