Explanation to all imortals that don't know why are prices of GPUs going up

in #gaming7 years ago

If you wanted to buy good but cheap graphics card for your PC so you could enjoy the games in high quality and playable frames but got stuned by the price you saw in shop here is the answer.

Cryptocurrency mining is one of the biggest drivers to the GPU maker's shares in recent weeks. Because the cryptocurrency has risen so quickly, miners are eager to get in on the action. To maximize your profits you will go with GPUs that has the best price/power ratio. Miners don't buy 1 GPU , they buy 6 - 8 minimum if they have 1 rig, if there is more rigs only the sky and their credit card balance is![] limit.
As first law of market says : Price is determined by 2 factors , supply and demand. If there is high demand price goes up. If there is high supply the price goes down. Simple as that.

Hope I helped you out with this little article .

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