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As bitcoin values slide, high-end GPU prices drop, too | Computerworld

The processing power of high-end gaming cards made them ideal for cryptocurrency mining rigs and they were in hot demand when Bitcoin, Ethereum and other digital token prices leaped to unprecedented heights in late 2017 and early 2018.

That trend now appears to be reversing; add-in board (AIB) prices appear to be declining and supplies increasing – following the same path down as digital token prices crash.

“We have predicted a drop in [application specific processors] as [digital] currencies prices dropped,” C. Robert Dow, manager of digital media at Jon Peddie Research, said in an email. “The cost to run the mining rigs is not insignificant, so when the price for the currencies drop…, people will run rigs and choose to dump AIBs on the secondary market hoping to recover some cost.”

More than three million AIBs worth $776 million were sold to cryptocurrency miners in 2017, most of them coming from AMD, according to Jon Peddie Research.

At the end of last year and into the start of 2018, many high-end expansion boards sold out and overall prices spiked, leaving gamers and tech enthusiasts angry.

NVIDIA even took the unusual step of asking retailers of its hardware to prioritize sales to gamers over cryptocurrency miners.

Over the past six months, however, bitcoin’s price has plummeted from nearly $19,500 in December to about $6,800 today. Ethereum’s prices dropped from a high of $1,385 in January to about $475 today.

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As bitcoin values slide, high-end GPU prices drop, too | Computerworld.