SUBSCRIBE
F O R T R E S S
No Result
View All Result
  • MOVIES
  • TV
  • GAMING
  • TECH
  • COMICS
  • SNEAKERS
  • TOYS
  • REVIEWS
  • VIDEO
  • WIN
Fortress of Solitude
  • MOVIES
  • TV
  • GAMING
  • TECH
  • COMICS
  • SNEAKERS
  • TOYS
  • REVIEWS
  • VIDEO
  • WIN
SUBSCRIBE
No Result
View All Result
Fortress of Solitude
No Result
View All Result

Manufacturers Are Now Pushing Cryptocurrency Mining-Specific Graphics Cards

Home > Tech > Manufacturers Are Now Pushing Cryptocurrency Mining-Specific Graphics Cards

Manufacturers Are Now Pushing Cryptocurrency Mining-Specific Graphics Cards

Evan SaundersbyEvan Saunders
June 28, 2017
in Tech
Tags: TechTechnology

My level of frustration on the new trend has only increased with the news that manufacturers are now looking to cash in on the latest trend of mining for cryptocurrencies using graphics cards. For the average gamer out there, not looking to cash in on any mining or farming activities, this is actually bad news.

Cryptocurrency Mining-Specific Graphics Cards

Let’s be clear before I start. Mining any form of cryptocurrency is not a new technology or medium and has been around for 10 years now, maybe even longer. Having experimented with such tools back in my varsity days some 8 years ago, the effort and time needed to make any reasonable gains weren’t very fruitful. Things have taken a dramatic turn in the last two years, however, the cryptocurrency market has sky-rocketed with no obvious signs of slowing down. There have been rumours time and time again about an imminent crash of the market, the latest being the 1 August 2017 forecast, although it isn’t clear or set in stone as yet.

My frustration stems from the fact that graphics card have already started to become a precious commodity as the demand isn’t being met by manufacturers to keep up with the growing need for farming units, some of which are sold as preconfigured farming units with some six to ten graphics cards bolted on in unison for extreme, in-home mining for the ‘average’ user looking to cash in on the gains of the current market. A few studies and research projects have indicated that these farming stations should pay for themselves within the year, at current cryptocurrency exchange rates, and then start reaping the rewards and profits thereafter.

Manufacturers Are Now Pushing Cryptocurrency Mining-Specific Graphics Cards

Graphics cards have seen a spike in price for the average consumer and are currently one of the most expensive pieces of hardware for your gaming PC build. At this rate, prices will only continue an upward trend much faster than the standard inflation and other metrics, and may even double over the next year or two if the trend in mining continues and cards become more scarce as a result.



This concern is further exacerbated by the fact that card manufacturers are now starting to develop mining-specific cards for enthusiasts. Manufacturers like Asus and Sapphire have already announced their intentions with the release of both AMD and Nvidia based GPUs, which effectively takes the current off-the-shelf graphics card and fine-tuning them to be used around the clock with efficiencies also introduced to how these GPUs process numbers to speed up the mining process.

I do get that these companies are simply following the supply and demand model, but with more miners soon to be purchasing more cards than gamers, we may be in for a change in landscape for gaming, and the costs involved.





ShareTweetSend
ADVERTISEMENT

POPULAR

  • The 15 Most Powerful Anime Characters Of All Time

    The 15 Most Powerful Anime Characters Of All Time

    2 shares
    Share 0 Tweet 0
  • The 15 Most Powerful Characters In The Marvel Universe

    26 shares
    Share 0 Tweet 0
  • Wyatt Russell Receiving Death Threats For John Walker Captain America

    0 shares
    Share 0 Tweet 0
  • Top 10 Best Anime Series Of All-Time

    2 shares
    Share 0 Tweet 0
  • Mortal Kombat (2021) Review: Not a Flawless Victory But Certainly Victorious

    1 shares
    Share 0 Tweet 0

Related Posts

LG NanoCell AI ThinQ 55 Nano86
Tech

LG NanoCell AI ThinQ 55 Nano86 Review – Next-Generation on a Budget

April 9, 2021
Acer ConceptD 7 Ezel Review – A Unique Concept
Tech

Acer ConceptD 7 Ezel Review – A Unique Concept

April 8, 2021
TaoTronics TT-CL026 LED Ring Light Review – Lighting the Way
Tech

TaoTronics TT-CL026 LED Ring Light Review – Lighting the Way

April 8, 2021
Five Must-Have Apps for Sports Enthusiasts –  Available on Android and iOS
Tech

Five Must-Have Apps for Sports Enthusiasts – Available on Android and iOS

by Staff Writer
April 4, 2021
ASUS VivoTalent Competition - The Search for Creative Talent
Tech

ASUS VivoTalent Competition – The Search for Creative Talent

by Evan Saunders
March 26, 2021
ADVERTISEMENT

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Fortress of Solitude

Fortress of Solitude

Fortress of Solitude has become one of the most popular geek entertainment interest websites in South Africa and covers news and reviews on movies, games, comic books, gadgets, TV series, toys, sneakers and more.

The articles on Fortress of Solitude are written by a group of talented, professional and experienced freelance writers, all experts and leaders in their various fields.

Categories

  • Board Games
  • Books
  • Comic Books
  • Competitions
  • Gaming
  • Internet
  • Movies
  • Podcast
  • Sneakers
  • Tech
  • Toys
  • TV Series

Newsletter

Sign up for news in your inbox.

  • For more information on COVID-19
  • About Us
  • Authors
  • Sitemap
  • Privacy & Site Disclaimer
  • Contact Fortress of Solitude

© 2021 Fortress of Solitude, a division of Fortress Entertainment. Registered in South Africa. All Rights Reserved.

No Result
View All Result
  • Latest
  • Home
  • Movies
  • Gaming
  • Comic Books
  • Tech
  • TV
  • Toys
  • Sneakers
  • Win
  • Video
  • Fortress Podcast
  • Subscribe
  • About
  • Contact
  • RSS Feeds
  • Privacy & Site Disclaimer

© 2021 Fortress of Solitude, a division of Fortress Entertainment. Registered in South Africa. All Rights Reserved.