Nvidia Graphics Card Prices Increasing

Cryptocurrency is a digital currency in which encryption techniques are used to regulate the generation of units of currency and verify the transfer of funds, operating independently of a central bank; that is the definition offered by Google for those unaware. Cryptocurrency in itself is harmless and doesn’t entail illegality, yet certain actions utilising it may. Mining of such currency is an example, which has led to installing fear in manufacturers who are becoming exploited.

The AMD Radeon RX 580 and 570, in result to this cryptocurrency mining, have proven to be quite scarce and disgustingly overpriced. The community is able to pin the blame on this action due to AMD stating it themselves. Somewhat rivals of AMD, Nvidia were initially safe, but recent trends in price increase allows us to question- is it due to the same mining? Nvidia’s Geforce GTX 1060 and 1070 cards are very popular GPUs and pack a lot of power, a price jump was easily noticed. A source on Reddit recognised that a 1060 card was first $210, $246 the next day, and $280 the other. After much research, the user’s claims were proven as fact.

Globally, whichever seller you choose, Nivida’s 1060 and 1070 cards have become more expensive, maybe to try countering the mining profits. We can only guess at this point in time, with a statement from Nvidia to truly confirm the thought. What we can be sure of, however, is that newer hashing algorithms have been released and cryptocurrency companies such as Bitcoin are thriving and topping charts.

If you’re looking for a powerful GPU for the best price; I wouldn’t hesitate much longer. At this rate, prices may keep building until the 1060 and 1070 cards start to become scarce. Damn cryptocurrency mining and its destroying effect, hopefully Nvidia will put a stop to this for the benefit of everyone.