It's Surprising to know that, the Graphic Cards like RX470 /570/580 are going out of stock. The Reason, ask anyone and the answer is Miners. Before the mining craze hit us, these GPUs were available without any trouble. Today, Due to the lack of these GPUs, the prices have Doubled up. Miners Building a mining rig with 6/7 GPUs are the once creating the shortage.
The Prices of 570 and 580 are more than they used to be. Because of mining swing, the second hand GPUs now on Ebay sell twice its original price.
The Rx470 is Able to mine at 20 Mh/s to 25 Mh/s ETHER (May not be accurate, do correct me.) While Using only 150v. This card is very power efficient. Msi Rx470 on Amazon costs about 800 USD. Creating a high price due to its demand.
The RX570 and 580 Mine about 30 Mh/s ETH.AMD Radeon RX 580 hits $900 on Amazon from scarcity.
So What Are The graphic Companies doing to Cash in on This New Market?
Both Of the Companies (AMD and Nvidia) Are facing the Scarcity Problem.
In order to over come this problem, They have announced a new line of graphic card, only designed for Miners.
By that means you may not be able to play any games with that gpu. It may Lack Display Connectors.
But These New Graphic Cards will Be Cheaper than the gamer edition GPUS.
Am Going to Start my mining Rig Very Soon. And will be waiting for these GPUs.
Happy mining
And let me know if you Own a Mining Rig. And if you will be going to get these mining specific GPUs.
How Profitable Mining Has Been For you?
Whats your Daily Profit? And how long it took to break even.
Thanks For Reading. Give It a vote up to appreciate my work.
Wow... so graphics card manufacturers are basically entering the cryptocurrency mining business?
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This can be really profitable for them. And yes! Their mining GPUs will or may not have gaming support.
I will be updating the community about the further news.
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So, my witness helped put your article on the blockchain. So, I came to visit and found that I love the story. I've resteemed it to 1300 people. Enjoy the exposure. When can I buy a mining GPU?
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Firstly, I would like to thank you for the resteem. This really means a lot.
Regarding the GPUs they should be available soon. The dates are not known as yet. Once released, I shall update us!. Am eagerly. Waiting. :)
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Wow, that's crazy, AMD and NVIDIA now practically entering the ASIC business. Thanks for that article, keep it up. Will follow.
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I appreciate you read.. thank you. Will follow back.
What excites me is the upcoming GPUs for mining. Will buy them.
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Well I have had problems finding cards and have had to pay an extra 100 dollars for one more than retail. I am only at 120m/h making about 2 ether coins a month. I started when ether was around 30 40 dollars and was expected to break even in 6 months but it only took two months since the price rose. but every month its getting harder to mine ether so I hope its price keeps climbing.
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Mining Dash, and Zcash is quiet profitable, given the current difficulty of 150Million. While eth has a difficulty of about a trillion.
That's what I have read.
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I want more cards but its already hot with these 4 cards running. I may have to build an air conditioner unit if I want to expand. That the only complaint, it feels like a oven near the computers mining.
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Hahah... I understand that. New GPUs may solve our problems.
I dropped a follow. 🙂 Follow back would be nice.
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Wow that's an awesome news. Might you be interested in creating content on how to make a diy mining rig? I'm kinda interested in mining but I don't know how to make one yet.
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You can find tons of YouTube video making mining rig. And you'll understand them better than reading. I don't mind writing. But it is seriously difficult , and you may not understand how to make it.. I suggest YouTube might just be for you.
You can follow me on many technological posts from me.
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It is about time that they made a mining-specific GPU... This is going to be the next ASIC device in terms of being the best at mining, I hope! it seems a maybe, this is my first time hearing about this. I wonder what took them so long! This isn't the first GPU shortage created by cryptos! Where can I find more information?!!
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Tons of information can be found on AMD's and Nvidia's Twitter Handel. And you can also look up for https://videocardz.com/70162/amd-and-nvidia-preparing-graphics-cards-for-cryptocurrency-mining. Asic miners are just don't let you mine other cryptos. So they are not asic.
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I was just kind of comparing the idea of a hardware specific miner...Thanks for posting the link for reference! Im really interested in this.
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Whoa - graphics cards exclusively for cryptocurrency mining - what an awesome idea! I am not much of a gamer, so I would totally be in the market for this, especially if it was cheaper than a gaming card. Looking forward to more news about this!
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This post received an 13% upvote from @randowhale thanks to @aggroed! For more information on @randowhale click here!
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