As Bitcoin’s value continues to grow, cryptocurrency mining has grown into a vibrant economy. According to a recent article from the online tech shop and publication, Where Consumers Come First (Wccftech), the global supply of graphics processing units (GPU) are being depleted these days and are worth three times the original value in most cases.
Demand for GPU Accessories Sees a Massive Resurgence
Global Supply of Graphics Processing Units Depleted Due to Cryptocurrency Mining CrazeBack in the early days throughout 2010 through 2013 graphics cards were a hot item when it came to bitcoin mining accessories. During that time many manufacturers and suppliers constantly ran out of stock for AMD series graphics cards, Nvidia, and other types of GPUs. Since then within the current bitcoin mining environment, most miners have pivoted to using Application-Specific Integrated Circuit (ASIC) machines that process at far greater speeds than retail graphics cards. However, Wccftech and other graphics card retailers are now seeing a “massive resurgence” of GPU sales from the cryptocurrency space due to the popularity of alternative mining networks such as Zcash, and Ethereum.
Graphics Cards Are Flying off the Shelves and Are Sold out in Many Countries
Wccftech details that both AMD and Nvidia series cards are really hard to stock these days as they haven’t seen this kind of demand in years. The report explains that during those early years certain regions around the world had GPU shortages that lasted for two-quarters. Currently, GPU mining has seen a revival and Wccftech says these parts are also growing valuable.
“AMD GPUs are flying off the shelves and sold out in a dozen countries,” explains the Wccftech website.
The mining craze hasn’t just affected U.S.-based retailers, the phenomenon has gone global. RX 500 series GPUs are …