AMD Vega 56 sold out for 5 minutes, gamers furious at miners

in #crypto7 years ago

vega-56.png

AMD has released a new graphics card (GPU) earlier this week, and within 5 minutes the product was sold out at major online stores.
It is expected that the AMD Vega 56 video cards will be inadequate due to manufacturing problems. Gamers are frightened of miners because the latter have left them without the chance to buy the desired and long-awaited video card.

Crypto markets are witnessing an unprecedented rise in 2017, and rising prices and media attention have led to a leap in hardware demand. Some crypto currencies, such as ethereum, can still be digested effectively with the GPU. As the process is so competitive, miners need the latest technology to stay profitable. In the past, the miners even leased the Boeing 747 to deliver their processors quickly and start extracting. This example is eloquent.

The current increase in demand for video cards often leaves gamers without the latest graphics processors and they have to pay far above market value to get some. And they are furious at the moment. Vega 56, for example, is hard to find for less than $ 100 above the price announced by AMD. Some retailers have tried to give gamers access to Vega 56 by creating hardware/software packages that would not appeal to miners, but the end result is that gamers still pay more than they would like.


image source - screenshot from amazon

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Bitcoin is pushing graphics card technology forward. It is indirectly financing its research and development.

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I still prefer cloud mining. I'll give up some profit to not have any hardware, upkeep, electricity costs, heat, and loud noise, while having to recover my initial investment on the machines. Technology always needs upgrades. Something new and faster will hit the market in a few months. Great for technological advancements as @discernente points out.

It will all become unprofitable because big companies are building massive supercomputers of epic proportions just for Bitcoin mining

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