Gadgetory

crypto currencies recently there's been a lot of talk that there could be a possibility of a repeat of 2017 and that's when a lot of popular gaming graphics cards was sold out of retailers you couldn't get any stock especially at MSRP prices and we even saw certain GPUs pretty much double in price to what you'd be used to paying after that we saw a massive crash and of course there was a lot of used mind graphics cards on the market where you could get really good deals but there is with the recent price surge of Bitcoin a new fear that GPUs especially gaming graphics cards could be at risk of being sold out again so today we're going to talk about this possibility and actually scary enough I've done a bit of research and there is one possibility I can see happening where gaming graphics cards could be in another frenzy like we saw in 2017 but there's also a lot going against it so let's discuss both sides and then you guys can be the judge on what you think is going to happen so graphics cards like this the gtx 1660 TI and also i'm going to point in to the equation the gtx 1660 which would be probably the most relevant mid-range GPUs for most gamers are these at risk of being sold out well at the moment no and the reason why is if we go over to a website for instance what to mind calm it will give you how much profit you can earn per day if you were to start mining cryptocurrency on a graphics card like this so now just to replicate a scenario on what a typical at-home miner would get I'm gonna put in 10 gtx 660ti since these are currently the most efficient graphics card on the market in terms of power efficiency so that usually will translate into the most efficient mining cards which is what unfortunately miners also demand just like gamers miners also need to keep the power down even more so because generally those graphics cards are being mined 24 hours a day so on this website we've got 10 gtx 660ti s we've also got 10 cents a kilowatt-hour which in real estimates is actually pretty conservative for instance in Australia I'd say the average price would be around 20 cents US per kilowatt-hour so this is actually pretty low we can see that we're only earning even on altcoins about $8 profit per day which isn't a whole lot if we move down to a cryptocurrency like a theorem for example which is what most people would ideally want to be mining because we'll talk about it soon basically there's been this whole altcoin craze that's ran through in 2017 which I honestly see is a more desirable cryptocurrency for miners to mine then for sainu olt coins that are starting up and reason being is that the whole cryptocurrency market already went through a whole old coin phase in 2017 and what we've seen with trends is that bitcoin is still the most dominant cryptocurrency and in fact recent trends suggests that bitcoin is actually surging further ahead in price than all the other crypto currencies so now basically taking into account ten gtx 660ti s it would take that particular person at ten cents a kilowatt-hour approximately seven hundred and sixty seven days to get their return on investment which is nearly two years so at the current rates on the market for mining cryptocurrencies with gaming GPUs it just really isn't that viable not to mention that your hardware could burn out in that time and there's also extra augmented costs involved things like managing this mining set up potential blowouts extra gear needed like ddr4 memory a CPU and a motherboard as well as an extra power supply to power ten of these graphics cards so at this point in time it's not really ideal for someone to go out and buy gtx 660ti s and use them for mining cryptocurrency however here is where the big curveball comes into play that cryptocurrency that we spoke of aetherium it's actually had some talks and even submissions into making that cryptocurrency what is known as anti assic because at the moment aetherium is currently an asset controlled mining environment and that is they have application Pacific integrated circuits which are dedicated to mining that cryptocurrency and this essentially means a lot better efficiency than something like a gtx 660ti since that hardware is dead catered towards mining that cryptocurrency now this is what has ideally been keeping a lot of the gaming graphics cards and their cost down is the asset miners have moved in and made the gaming GPUs irrelevant for mining cryptocurrency another two examples of this is also Z cash and Xen cash a cryptocurrency that I used to follow heavily they are now asset controlled so what was once mined with GPUs is now being mined with asacs however the recent submission with the theorem if it gets approved could see the assic miners are no longer viable to mine this cryptocurrency and so if this scenario were to happen then put it quite simply it would be 2017 all over again where people be rushing out to get gaming gravis cards and start mining aetherium because the profits and return on investment would be so good now the asacs are no longer competing with gaming GPUs now here's where I need your help in the audience do you think this submission will be approved from the research I'm seeing that it's currently sort of being delayed and I'm not sure if big companies like bit main and especially all their clients would be happy with this approval going through since there is a lot of money and I mean an absolute ton of money in the whole asset business in terms of the hardware site they're selling the new hardware they're making profits and whether or not they work with the cryptocurrency market to keep it a success if ik but one thing I do know for certain is in 2017 a lot of gamers got screwed over on GPU prices when there was suddenly a demand from miners so now in closing out this video we've got two sides of the argument here we've got old-school GPU miners that want to keep mining with their graphics cards and they don't want to see a sixth ache over the market but then you've got typical gamers especially with the Zen to launch coming up for example that will want to build a new PC get one GPU and just start playing games and I'm sure and I speak on behalf of a lot of these guys is that we don't want this whole scenario that we saw in 2017 to happen again where the gaming graphics card prices were just absolutely absurd furthermore I don't know if Nvidia would be too keen for this to happen again as when we saw the crypto glut this actually affected their stock prices big-time with the stock almost having in as little as three months so be interesting to see how this whole thing plays out but anyway guys hope you enjoyed today's video if you did then be sure to hit that like button also let us know in the comments section below do you think these beloved gaming GPUs are at risk love reading your thoughts and opinions as always and I'll catch you guys in another tech video very soon but if you want to see these tech videos at the moment they drop sub button also ring the bell it's just down there and I'll catch you in another tech video very soon peace out for now bye you