Your Web News in One Place

Help Webnuz

Referal links:

Sign up for GreenGeeks web hosting
January 21, 2022 03:53 pm GMT

Bitcoin Drops Below the $40,000-mark, Raises Hopes of Graphics Card Availability

The most popular cryptocurrency by market-cap, Bitcoin, has dropped in value to below the USD $40,000-mark, to $38,429 as of this writing. This amounts to a whopping 43% drop in value from its November 2021 peak of roughly $67,600. Ethereum has also seen an 8% fall over the past 24 hours, as has the value of several other cryptocurrencies. While we won't get into the nuts and bolts of Bitcoin volatility or hand out any financial advice, this could have an impact on graphics card availability owing to a multitude of reasons.

As of this writing, we see the GeForce RTX 3080 commanding a scalper price of roughly $1,500 (brand new), for the LHR variant (lower crypto-mining performance), while non-LHR cards that are used, start around $1,900. If the fall in cryptocurrencies continues, we could see increased availability of used graphics cards from crypto miners, as gamers would be willing to buy a used RTX 30-series or RX 6000 series graphics card that's still within its warranty period (of 2 years).

Original Link: https://www.techpowerup.com/291186/bitcoin-drops-below-the-usd-40-000-mark-raises-hopes-of-graphics-card-availability

Share this article:    Share on Facebook
View Full Article

TechPowerUp

Leading tech publication

More About this Source Visit TechPowerUp