Receive all Bitcoinist news in Telegram! California-based technology company NVIDIA has asked retailers of its graphics cards to prioritize sales to gamers over cryptocurrency miners. Despite the cryptocurrency market’s recent drop, cryptocurrency miners are still able to produce a sizeable profit. In 2017 the global buy graphics card with bitcoin market grew at an exceptional rate and this also caused a huge spike in cryptocurrency miners.
Currently, cryptocurrency miners can receive a fast and relatively high ROI on their mining operations. The rise of crypto miners also caused a global scarcity and price hike for graphics cards. The high price and scarcity of graphics cards have angered a lot of people in the PC gaming community, and many users are demanding that NVIDIA and AMD come up with a solution to this problem. Analysts believe that the price of graphics cards will continue to increase in the future as more and more investors decide to expand their cryptocurrency mining operations in order to be able to compete. Gaming enthusiasts believe that the high price of graphics cards might further hurt the global PC gaming market. Some retailers, like Amazon, have already implemented restrictive measures, limiting customers to only one graphics card per order. In June 2017, rumors spread that NVIDIA would develop special graphics card for the sole purpose of mining cryptocurrencies, but no further information about the company’s ambitious project to offer a solution for cryptocurrency miners has been released.
What are your thoughts on NVIDIA’s decision? Do you think that retailers should mainly sell graphics cards to gamers instead of cryptocurrency miners? Let us know in the comments below! Why Does the New Economy of Knowledge Sharing Matter? Chairperson weighs in with his views on the sector. Financial Sector Assessment Programme for Malta since 2003.