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Ethereum Miners Are Selling Their Graphics Cards

• motherboard.vice.com by Jason Cross

The digital gold rush for cryptocurrencies like ethereum has caused a scarcity of graphics cards, and PC gamers are mad. Products made primarily for gaming happen to be really good at crunching the numbers required to mine digital currency, and miners have been buying up all the graphics cards.

Can you blame them? From April of this year through the middle of June, this is what happened to the price of ethereum:

So miners bought up every modern graphics card they could find, especially popular mid-range cards like the Radeon RX 480 and 580, and GeForce GTX 1060, which are on the affordable end of graphics cards that can handle the latest video games. These cards hit the sweet spot for price and performance, both for miners and for gamers. Suddenly, there was a scarcity of cards and prices skyrocketed.