High-End Graphics Cards Are Becoming Hard To Find Due To Cryptocurrency

High-End Graphics Cards Are Becoming Hard To Find Due To Cryptocurrency

For a brief moment earlier this week, PC gamers looking to upgrade their rigs with the latest video cards from AMD or Nvidia felt some hope. The bitcoin-like cryptocurrency Ethereum that is driving up demand for many of those GPUs saw a drastic drop in value down to $235 from a recent high of $397. And some consumers thought that was potentially the beginning of the end for the GPU drought of 2017, but it wasn’t to be. Ethereum has recovered, and that means you are still competing with “miners” for the limited stock of Radeon RX 580sGeForce GTX 1080s, and more.

Ethereum is trading well over $310 at the time of this posting, according to tracking site Coindesk. And that means a graphics card like the RX 580 (which starts at $250) is affordable enough for cryptocurrency miners to still earn a profit after factoring in energy costs. Ethereum is a digital coin that enables people to purchase access to distributed computing power. You can lend your PC’s power to that network to help solve those contracts in exchange for Ethereum — this is called “mining.” The price of Ethereum almost hit $400 on June 14, but miners were flooding the market in search of cost-efficient cards well before that point. The high price just meant that nearly every new GPU from both Nvidia and AMD was economically viable.

This has, of course, left gamers frustrated. You can go on eBay now to get an RX 580 card from a third-party seller for $450, but you will struggle to find one on Amazon or Newegg at its suggested price.

AMD revealed earlier this month that cryptocurrency mining was leading to a rush on its products. And it isn’t slowing down. Even a permanent drop down to $235 for Ethereum would potentially only price out certain cards and make them easier to find.

The real solution to this problem is maybe already in the works. Nvidia and AMD know that they are benefitting from miners, and rumors claim that both companies are considering launching dedicated mining versions of some of their cards. The idea is that AMD and Nvidia would tune the cards to run 24/7, which is how mining operations work. But whether that will free up supply on other GPUs for your typical gamer building their first rig will depend on a number of factors, and you can bet that if a popular card like the GeForce GTX 1070 can make more money than a 1060 Miners Edition (or whatever Nvidia would call it), then the 1070 would sell it quickly.

This contributed post was originally written by Jeff Grubb on VentureBeat.

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Dell and Alienware Bring New VR Hardware to E3

Alienware and Dell are bringing their latest virtual reality (VR) ready machines to E3 2017, and they’re bringing VR to the masses with what Dell believe to be a much more affordable VR solution. E3 2017 has been great for VR videogames thus far, but will it convince gamers to buy a VR-ready desktop?

Alienware first debuted two new models of their Area-51 desktop, with AMD Threadripped and Intel X-Series CPUs.

Not content simply bringing desktops to the show, Alienware also introduced a line of gaming monitors, keyboards and mice – all complete with the premium quality you’d expect from an Alienware product.

But for gamers on the go, a desktop just won’t suffice – which is of course why the Alienware 15 notebook exists – and now, complete with a GeForce GTX 1080 Max-Q GPU in the machine, the notebook will be running the very best-looking games available – which includes VR, of course.

And then there’s Dell, Alienware’s more conventional little brother. Not content letting Alienware take all the high-end VR glory, Dell have introduced a brand-new Inspiron Gaming Desktop, which even features liquid cooling – very fancy. The VR-capable desktops start at $599 USD, a very attractive price, considering how expensive some VR-ready PCs can be.

Frank Azor, Alienware, Dell Gaming and XPS vice president relishes the opportunity to share their PCs with the world; “I love arriving at E3 every year to watch fans get blown away by our latest PC gaming innovations and this year is no exception.”

Azor continues; “Our fans’ passion for Alienware and our gaming PCs is our lifeblood, and it’s only through our equal passion and commitment in delivering bleeding-edge innovation, design and performance, that we continue to exceed expectations and deliver on their requests.”

E3 attendees interested should stop by the South Exhibit Hall to see all of Dell and Alienware’s new kit.

For more from Alienware, Dell and everything VR from E3 2017, stay on VRFocus.