Why is the DasCoin price not high

Graphics cards are becoming scarce: prices are high because of mining

Asus probably wants to make Bitcoin mining more lucrative with two new graphics cards.

Anyone who is currently thinking of buying a new mid-range graphics card is faced with a problem. The most popular models from the manufacturers AMD and Nvidia are currently hardly available or only available at completely inflated prices. This misery is due to the currently exploding trend among Internet users to participate in the mining of digital currencies such as Bitcoin or Ethereum. The so-called mining of cryptocurrencies is enjoying steadily growing popularity due to rising prices. In order to be able to participate in the calculation of the digital means of payment, users need many powerful graphics cards. In particular, models such as Radeon's RX 570 and RX 580 offer the ideal conditions for effective mining.

Dealer confirms bottleneck

But older models such as the RX 470 and RX 480 also sell like hot cakes. Even older models are changing hands on eBay at record prices. Since the devices from AMD are hardly available anymore, users are now increasingly turning to Nvidia's GTX 1060, 1070 and even 1080. This is a real problem for gamers, because the graphics cards are almost everywhere sold out due to this onslaught. Dealers who still have copies in stock raise prices significantly due to the enormous demand. Hardware retailer Mindfactory recently confirmed in a Facebook post that it is primarily the “prospecting” for the Ethereum currency that is to blame for the bottleneck. "While the typical gamer installs one, two, and in rare cases even four graphics cards, the miner uses as many as he can get away with," says Mindfactory. The company is initially removing the graphics cards concerned from the program due to delivery problems.

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This is how mining works

The so-called Bitcoin Mining is a computing process in which data blocks are generated in global data networks by thousands of computers. This process has been called "mining", analogous to gold prospecting. Everyone can take part and join the networks. Digital prospectors receive a reward for their service. The payment is made in Bitcoins - a digital payment unit that can be used worldwide. The bitcoin share depends on the computing capacity made available. To put it simply: the more computing power, the more coal the miners collect. That's why graphics cards are so popular right now. The enormous demand is now causing AMD and Nvidia to bring cards specially developed for this purpose onto the market. This should reduce the costs for virtual mining, which may make mining more lucrative. At least that is what recently surfaced product pages suggest. Here is the information!

AMD: New card based on old Radeon

Two new products are listed on the US website of the hardware manufacturer Asus. The "Mining-RX470-4G" is supposed to be a graphics card for the professional mining of digital currency. It is based on the AMD Radeon RX 470, but has some special features for mining. The fans are equipped with hard-wearing ball bearings that should enable 24-hour operation. They also have a dust-repellent surface. The "GPU Tweak II" software can be used to regulate timing, graphics memory utilization and power consumption. The map should offer particularly efficient mining.

Nvidia: professional chipset for Bitcoin mining

The "Mining-P106-6G" from Asus, however, is based on the P106-100 chipset from Nvidia. This has recently been used in the card of the same name for professional users. A modification of this is also in the Nvidia Geforce GTX 1060 for gamers. As with the mining RX470-4G, Asus has installed a fan specially made for this purpose. The graphics card is again controlled using the “GPU Tweak II” tool. Alternatively, models from competitor MSI can already be found on the Internet that have already arrived at the first testers.

Not designed for normal use

Because the cards are designed purely to mine digital currencies, they usually do without any connections for the display. They are therefore completely unsuitable for use in a standard computer. In return, the manufacturers promise up to 36 percent higher mining performance. It remains to be seen whether and under what circumstances this will be achieved. This also applies to the prices of the cards, which Asus has not yet commented on.