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Ethereum Mining Is Swallowing Up New GPUs, But A Solution Is Coming
As I write this, a single Nvidia RTX 3060 Ti graphics card is capable of much more than delivering a quality 1440p gaming experience. It’s also capable of earning you $4.22 USD in profit per day from mining cryptocurrency such as Ethereum.
That’s a big deal, because at $399 MSRP, a miner’s ROI (return on investment) for the RTX 3060 Ti is roughly 100 days.
Yep, it’s 2017 all over again as potential profits from GPU-powered mining reach record highs alongside a booming interest in Bitcoin. And PC gamers are not remotely impressed.
That’s because the existing scarcity of Nvidia’s (and AMD’s) current-gen graphics cards is exacerbated by unrelenting demand from miners — miners who typically buy in bulk. The result has been empty virtual and retail shelves, in addition to absurdly inflated pricing.
(On a very related note, Nvidia allegedly sold $175 Million worth of its RTX 30 series GPUs directly to miners in late 2020.)
Thankfully, two new crypto-specific products spotted by WCCFTech are allegedly being prepped to (hopefully) alleviate the problem.
