Graphics cards designed for cryptocurrency mining coming soon

Now there's rumors that both AMD and NVIDIA are working on cryptocurrency-specific graphics cards that would not include display connectors, so you could just buy a handful - or boxes of them, and throw them into mining rigs.

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The dramatic rise of bitcoin prices - bitcoin has gained almost 200% in 2017 - is sparking off a resurgence in small-scale cryptocurrency mining, according to hardware manufacturing giant AMD.

"The gaming market remains our priority". AMD has reportedly suffered a GPU shortage thanks to miners, so a move by it and NVIDIA to satisfy the cryptocurrency market makes sense.

AMD for instance might release Bitcoin-mining graphics cards based on redesigned entry-level 400 series pixel accelerators, while NVIDIA might introduce a new GeForce GTX 1060-100 GPUs for mining only. They are also useful for mining cryptocurrencies like bitcoin and Ethereum.

However there is also a side effect too, since at the moment all all AMD Radeon RX 570 as well as RX 580 GPUs are sold out.

We are seeing solid demand for our Polaris-based offerings in the gaming and newly resurgent cryptocurrency mining markets based on the strong performance we are delivering.

Vendors who are selling the GPUs are doing so at inflated price tags.

According to RBC analyst Mitch Steves economics suggests that GPUs will continue to be sold out and GPU demand will remain robust as long as the return is under (about) a year.

The latest rally in Ethereum prices is causing a shortage of high-end graphics cards by Advanced Micro Devices, Inc. In 2017, it's Ethereum, along with bitcoin, that's catching the attention of miners.

Since demand this time is coming from professional enterprises instead of small companies as in 2013 and Bitcoin's exchange rate has been picking up, the market watchers believe the trend in 2017 is unlikely to suddenly disappear like in 2013.

Featured image from Shutterstock.

  • Zachary Reyes