How Bitcoin and Crypto-Currencies are Hurting Gamers, Causing Graphics Card Prices Go Sky High

A lot of gamers have been caught off guard by the latest incident in the world of crypto-currency.  The result has entirely altered the prices of graphics card, with Nvidia’s GTX 1060 and AMD’s RX 400/500 series cards in especial being out of stock at most places and the RX 580 is now being sold for 50,000PKR+ ($500) in Pakistan if you are lucky enough to find one.  If you haven’t heard of Bitcoin or crypto-currencies, don’t feel bad. In 2008 Satoshi Nakamoto introduced Bitcoin to a cryptography mailing list, with the software rolling live January 2009. Today, a single Bitcoin is cost around $2,500 (though pricing is indeed highly elusive), and more than 100,000 dealers accept BTC, including Newegg.

How the Crypto-Mining is Hurting Gamers?

Lets talk about the today’s situation, at the moment there is no RX 480,580 Graphics card available to its original release price which is $250 for 8GB and $200 4GB model respectively, the MSI RX 480,580 Costs $500+ on Newegg,Amazon at the moment and these GPU’s are completely vanished from the local market because of high demands.

The Gigabyte Xtreme Gaming,Aorus GTX 1060 is being sold for $500 and the G1 Gaming variant for $400 while the original price is about $280-300. Many aftermarket GTX 1060’s are out of stock including Asus and others.

Popular Graphics Card which are being used for mining

AMD : RX 580 , 570 , 480 , 470 , 390X , 390

Nvidia : GTX 1060

So now you know this these GPU’s are costing so much than their original prices, mining is causing the prices to go sky high and the miners are willing to pay more than $300-400 bucks for your GTX 1060,RX480,580 if you are willing to sell yours, Meanwhile if you are looking to buy these Graphics card than you should save some more money and get yourself a GTX 1070 or 1080.

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Zeeshan Ali Khan
PC Gamer, Enthusiast and Film TV Student - Founder of PPG - Pakistani PC Gamers & PPGHardware

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