The process of solving the complex algorithms is commonly referred to as crypto mining. It involves in-depth analytics, and also consumes a lot of power. High-end GPUs are preferred because they guarantee accuracy. Tech-savvy miners need high-end gaming processor cards to beat out their compatriots. These high-end graphic cards make it easy for miners to build strong rigs, which enable them to generate highly valuable cryptocurrencies.
Based on wattage and performance advantages, the most popular graphic cards amongst gamers and miners are NVIDIA GeForce GTX1070, AMD RX580, and AMD RX480. The price of these GPUs has skyrocketed in recent months. For instance, NVIDIA’s GeForce GTX 1070 is currently retailing at more than $700, up from $380 a few months ago.
Top of the range graphic cards such as a 6GB GTX 1080 six pack, are currently priced at more than $6,300. Even so, these high prices haven’t dissuaded miners. Needless to say, the high-end cards are out of stock. According to computing experts, the cryptocurrency mining market for graphic cards will remain volatile in the foreseeable future. It will also be highly dependent on the entry and exit of cryptocurrency waves from early phase to mature phase.