Graphics cards in crisis thanks to bitcoin popularity

Moris Beracha.- 

Graphics cards have become the most important tool for bitcoin miners. These graphics cards or accelerators are the most valuable mining units to create digital currencies or cryptocurrencies, especially bitcoin, which could hit $ 11,000 per token.

"When a graphic card arrives, it is immediately purchased and tourists. Especially Russians, are looking for them. If you have 20 in stock, 20 are taken," said a salesman from the Life information technology chain in Barcelona, Spain. Any card that is in stock is purchased. If you don’t have the model you are looking for, superior cards will be taken by tourists from Eastern Europe, because it is not available," he said.

The AMD Radeon RXs are the most purchased graphics cards. A model can cost over $ 250 when most of them surpass $400. The big losers are the "gamers", who usually 'settle' with a card, but, as powerful as possible.

"Minar bitcoins is no longer profitable since 2014, when speculation began. Until then, you could get some that have increased in value, but now, at these prices, not anymore; that's why some people are opting for ethereum as their new goal," said Carlos B. Steinblock, CEO of the BTC Guardian consultancy company, in an interview with El Periódico, in Barcelona.

Bitcoin creators decided that only 21 million units will be created and that as they are mined, it would be more difficult to discover a new one. According to their estimations, bitcoin issuance would be completed in 2140. Up to now, 16.8 million bitcoins have been mined, so more and more mining is required to create a new bitcoin.