- Published on February 26, 2021
- In IT Services
How The GPU Industry Is Priming For A Fattening Crypto Mining Market
Image by How The GPU Industry Is Priming For A Fattening Crypto Mining Market
- By David B. Shrestha
Cryptocurrency has been pushed into mainstream popularity over the past couple of years, with currencies like Bitcoin and Dogecoin skyrocketing in value and endorsed by figures like billionaire Elon Musk. This rise in popularity, however, comes with a set of unique complications.
In early 2018, the Graphics Processing Unit (GPU) market was hit by a severe stock shortage and an unusual spike in price coinciding with a surge in Bitcoin and Ether’s value. This led Nvidia to sell its GTX 10 series, AMD’s Radeon RX and Vega lineups for almost twice their initial price. More recently, the GPU market saw a resurgence in this phenomenon, with shortages even more severe than before, coinciding with a leap in the value of popular cryptocurrencies. But why would cryptocurrencies affect GPU demand, a product that is most popular among gamers? The answer lies in crypto mining, an integral part of the blockchain ecosystem.
What is Crypto Mining?
In the network of cryptocurre
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David B. Shrestha
I have a Bachelor's degree in Journalism, and I enjoy writing about tech policy, cryptocurrency, and the latest advancements in artificial intelligence.
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