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Are rising cryptocurrency prices bad for gaming GPUs?

Rising cryptocurrency prices could be disastrous for anyone in the market for a gaming GPU. GPU shortages are bad enough already: the GeForce RTX 3090, GeForce RTX 3080, GeForce RTX 3070, GeForce RTX 3060 Ti, Radeon RX 6900 XT, Radeon RX 6800 XT, and Radeon RX 6800 all continue to sell out as fast as they're produced.

Why are Chinese miners selling their graphics cards?

Cryptocurrency miners in China have started dismantling their operations and offloading the best graphics cards on the second-hand market. As Bitcoin and Ethereum came crashing down and graphics card pricing began to normalize, miners are looking to cut their losses and sell off their equipment.

Is cryptocurrency mining damaging your GPU?

Cryptocurrency mining is a high-power task, which needs complete power for long hours. Many people using their GPU have a common question about whether mining is damaging their device or not. Well, it is obvious to know because one cannot afford any damage. In case of any damage, a user needs to spend a lot to repair or replace it.

What is crypto mining & how does it work?

In short, crypto mining is how new units of cryptocurrency —usually called coins—are created. As you can imagine, this type of mining doesn’t involve callused hands gripping pickaxe handles. Instead, it’s computer processors that do all the hard work, chipping away at complex math problems.

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