Global Supply of Graphics Processing Units Depleted Due to Mining Craze
As Bitcoin’s value continues to grow, cryptocurrency mining has grown into a vibrant economy. According to a recent article from the online tech shop and publication, Where Consumers Come First (Wccftech), the global supply of graphics processing units (GPU) are being depleted these days and are worth three times the original value in most cases.
Back in the early days throughout 2010 through 2013 graphics cards were a hot item when it came to bitcoin mining accessories. During that time many manufacturers and suppliers constantly ran out of stock for AMD series graphics cards, Nvidia, and other types of GPUs. Since then within the current bitcoin mining environment, most miners have pivoted to using Application-Specific Integrated Circuit (ASIC) machines that process at far greater speeds than retail graphics cards. However, Wccftech and other graphics card retailers are now seeing a “massive resurgence” of GPU sales from the cryptocurrency space due to the popularity of alternative mining networks such as Zcash, and Ethereum.
My friend is trying to get 2500$ worth of GPUs for Ethereum mining. It's sold out everywhere!