The mining of cryptocurrencies with the help of current graphics cards is on the rise. Extreme examples like the case of the miner Simon Byrne, who among other things uses 78 models of the Geforce RTX 3080 for this purpose, could only be the tip of the iceberg.
Corresponding concerns recently expressed, among other things the colleagues from Wccftech such as Tom’s Hardware. Above all, they also keep an eye on the rapidly increasing exchange rates of the currencies Bitcoin and Ethereum.
Bitcoins are much more valuable than in the first wave of mining
High graphics card prices and poorly deliverable GPUs are already known to gamers from 2017 and 2018, when the first mining wave took place.
As the course of the Bitcoin price shows above, the value in dollars is currently significantly higher than at the weddings in the context of the first wave, where it was over 16,000 dollars. Find out more about the first wave and its consequences on GameStar TV (Plus):
Crypto mining – why bargain hunters are the big losers
After the rate fell to around 3,000 dollars by the beginning of 2019, it then stabilized for a longer period at values in the region of 10,000 dollars. At the moment, however, he is scratching the 30,000 euro mark.
Ethereum is also on the rise
A similar picture on a smaller scale emerges with a look at the equally popular crypto currency Ethereum. The all-time high of 2018 in the range of 1,150 dollars has not yet been reached, but that should only be a matter of time.
Due to comparatively high electricity prices Mining is much less popular in this country. The negative consequences of high demand by miners are also felt by players in Europey. In addition, the high power consumption is often viewed critically.
It is difficult to say how high the proportion of graphics cards that miners are currently claiming for themselves really is. However, the development of the Bitcoin and Ethereum prices suggests that it could be significant.
Relaxation not in sight for a long time: Coupled with the generally difficult delivery situation of current hardware due to Corona, it cannot be assumed that the situation will calm down decisively in the next few months. On the other hand, we rather assume that it will not be there until 2022 at the earliest.
How do you assess the situation? When will prices for graphics cards fall again and their availability be better? Feel free to write it in the comments!