Due to the GPU shortage, makes getting hold of even one of Nvidia's / AMD's latest much harder...
It looks like a new cryptocurrency mining gold rush is happening, and could mean that getting hold of already-scarce new GPUs like the Nvidia RTX 3080 could get even more difficult. Causing the great GPU shortage of 2021
What Is Crypto Mining?
"In cryptocurrency networks, mining is a validation of transactions. For this effort, successful miners obtain new cryptocurrency as a reward. The reward decreases transaction fees by creating a complementary incentive to contribute to the processing power of the network. The rate of generating hashes, which validate any transaction, has been increased by the use of specialized machines such as FPGAs and ASICs running complex hashing algorithms like SHA-256 and scrypt."...
Cryptocurrencies are digital currencies that can be ‘mined’ using a graphics card. With the value of cryptocurrencies like Bitcoin and Ethereum rising sharply in recent months (Bitcoin has tripled in value since October), a rush to buy up GPUs could be on the cards.
Last week we saw a mining rig with 78 Nvidia RTX 3080 GPUs, which was a bitter pill to swallow for many people who have been struggling getting hold of even one of Nvidia’s latest graphics cards. Causeing even more of a major GPU shortage
GPU shortage? They Are Already Hard To Get
The last time there was a cryptocurrency gold rush, it became incredibly difficult to get hold of many GPUs due to miners buying most of them up. This was frustrating for anyone who just wanted to upgrade their gaming PC.
With a GPU shortage of both Nvidia’s and AMD’s latest graphics cards already being extremely hard to get, it looks like GPU shortages could last even longer – which could be bad news for gamers looking to upgrade.
