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Bitcoins may have affect on Graphic Card prices

If you’ve been interested in purchasing a graphics cards with GPU (graphics processing unit) for your computer, you might have noticed the price has increased above the MSRP (manufacturer’s suggested retail price). The demand for stronger graphics cards may relate to the increase in crypto mining for cryptocurrency. 2017 has seen a rise in value. Bitcoin alone is valued at over $11,000 for the first time this month.

At their peak, certain GPUs such as the RX570 could mine up to $5 worth of cryptocurrency. It eventually fell to $1.50 to per day as cryptocurrencies have mechanisms to control the rate of coin generation. The profitability is rising up in mining cryptocurrency. While a stronger GPU doesn’t effect Bitcoin mining rate, it does affect other cryptocurrency mining rate.

If you’re looking to buy a new graphics card this holiday season, it is recommended to purchase it soon as the price isn’t expected to drop based on PC Magazine‘s advice.

Sources:

PC Gamer Magazine

Bitcoin Pricing

 

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