Published
5 years ago on
July 02, 2018
“We’ve seen the prices of graphics cards head back to normal levels in recent times, thanks to waning cryptocurrency demand, and this is a trend that’s set to continue according to the latest from the GPU grapevine – with price tags set to drop by around a fifth this month. On the face of it, that’s great news for gamers looking to get themselves an upgraded GPU (or those building a new rig). However, talk of dropping prices as manufacturers try to clear their inventory of GPUs certainly makes sense given what we’ve previously heard about Nvidia, which apparently overestimated the demand from cryptocurrency miners, and has produced and shipped an excess stock of current-gen cards as a result.”You can see the full report for yourself, here- https://www.techradar.com/news/graphics-card-prices-could-drop-by-20-thanks-to-cryptocurrency-slumpAs I have said, this is an organic product of the supply and demand instilled by the cryptocurrency markets. As Tech Radar mention, one such reason for a price drop could be down to companies like Nvidia, who have overestimated this supply and who have manufactured far more products than was actually required. Because of this, then need to reduce the price of their remaining stock otherwise it is at risk of being made redundant. The take home message? If you’re a gamer, after some new hardware, beware that GPU prices are set to sink soon. Likewise, if you’re a miner or want to get into mining, now may be your chance. The latter scenario however is as a result of a sinking market, therefore all prices are relative and as such, just because GPU prices are lower, it doesn’t make mining more financially viable as ultimately, the price of the reward is diminished too. Investment Disclaimer
