Graphics Cards Manufacturers Being Hit Hard by Cryptocurrency Struggles

The overall market demand for computer graphics cards has fallen back to the levels that were present prior to the cryptocurrency boom. This comes as various currencies have been unable to attain higher values. The issue is even coming along as some manufacturers are producing newer cards that may work especially with currency mining functions in mind.

Prices Are Dropping

A vital sign of the graphics card market struggling comes from how prices for such cards are starting to decline. The Nvidia GTX 1080 card is one example of note. The card was selling for nearly $800 in some places, but today it is going for about half that total. The GTX 1080 is one of the most powerful cards offered by Nvidia as it offers 8GB of memory.

Cards from Nvidia and AMD are both dropping in value as the demand for such cards is declining. It is unclear as to how many people are actively using these cards, but the companies have reported that they have both experienced declines in the amounts of cards they are actively selling and developing for many purposes.

What Is Causing the Drop?

The substantial decline in the value of the bitcoin and other major cryptocurrencies has been a key part of why graphics cards values are dropping. But even more importantly, it is becoming more of a challenge for people to try and mine currencies. The processes for mining the bitcoin and other currencies have become more complicated as fewer tokens for these currencies are available. The total rewards that are provided to people when they mine these currencies are also dropping in value.

Although those points are believed to be useful for helping improve upon the value of such currencies, these are keeping people from getting better rewards. Also, there are no guarantees that the currencies will actually go up in value as they become harder for people to find.

New Cards Coming

Although the market for such cards is dropping in value, some new cards are still being introduced right now. These include new cards designed to get the most out of the field.

Nvidia has particularly begun to introduce some of the new RTX cards the company has been developing in recent time. These include 8GB cards that offer 14 Gbps of memory speed and 1800 MHz boost clocks. These are designed with 4K displays in mind, but they may also add extra computing power for use when aiming to get special mining functions handled.

AMD is also releasing new cards in its RX Vega line. These cards are expected to offer many features that are similar to what people already get out of the Nvidia line. The designs of these cards are expected to be valuable and important for many uses as people aim to get the most out of their graphics demands. But even with the added power, it is uncertain as to whether the cards are going to be popular with miners or if people will buy these with mining efforts in mind.

 

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