A graphic on a custom Apple computer showing Bitcoin cryptocurrency

Nvidia Speak Out Over GPU Prices Increasing Thanks to Cryptocurrency Mining

Cryptocurrency is a huge presence right now and, with no signs of it slowing down anytime soon (quite the opposite, in fact), Nvidia has spoken out about how mining for currency such as Bitcoin is affecting the GPU market.

Recently, Nvidia politely asked its retail partners to put a cap on the volume of GPU sales, restricting individual purchases to just two per customer. This comes following the ramp-up in demand from cryptocurrency miners who have caused the price of its graphics cards skywards.
Several of the brand’s most popular cards are now being snapped up for north of double their retail price. And with people looking to exploit the opportunity to further their own ends, being prepared to pay a top dollar in order to acquire the hardware needed to mine virtual currencies, like Bitcoin, Ethereum and Litecoin.
As we mentioned, Nvidia has not taken this issue lying down and was more than prepared to go public over their feelings.
A statement issued to Computer Base, saw Nvidia reiterate that the GPUs it manufactures are intended for gamers and as such, they should take precedent. The statement went on to recommend that its trading partners make the suitable provisions to safeguard availability.
“For Nvidia, gamers come first. All activities related to our GeForce product line are targeted at our main audience. To ensure that GeForce gamers continue to have good GeForce graphics card availability in the current situation, we recommend that our trading partners make the appropriate arrangements to meet gamers’ needs.”
Some have advised though, that Nvidia’s suggested plan could well bomb. As suggested in Trusted Reviews, by putting a ceiling on the amount of units retailers are allowed to offload to any individual customer, it could cause those looking to construct a formidable rig packed with additional power to source their components from independent merchants at a comparable premium.
Fortunately, none of this will affect your ability to get your hands on a custom Apple computer from us here at Create Pro. But, how do you feel about Nvidia and their stance on the whole crypto-GPU-gate scenario? Is Nvidia in the right here? Is Cryptocurrency mining affecting your access to GPUs? As always, let us know on the social media channels!