NVIDIA Graphics Sales Increase Thanks To Ethereum Mining
NVIDIA benefits from the mining of Ethereum and there is a significant increase in sales of GTX 1070 and GTX 1060, a trend that has increased in this month of September.
The mining of cryptocurrencies through a graphics card, such as Ethereum or Zcash, have made NVIDIA and AMD sell many graphics cards, only those models that offer an optimal ROI, therefore, the AMD RX Vega are excluded from this. NVIDIA graphics are better for mining Ethereum, although the coins that are being mined more LBRY Credits or Signatum, because the difficulty is lower and more quantities of these coins are obtained and also, they have great potential for the future. Ethereum with the difficulty, has already ceased to be optimal for the average public.
Despite this, according to Vijay Rakesh, a chip analyst at Mizuho, who conducted research in Asia and the Pacific, several graphics manufacturers and suppliers are seeing more and more NVIDIA graphics being requested for professional Ethereum mining. The problem with ETH is that the difficulty has increased and a notorious investment is required to achieve a great return and the stagnation of the market because of China, is making the situation difficult and the return on the investment made, we could almost say, that it is more to obtain extra income than to earn capital with this currency.
Regarding the data, they have noticed that this September between 30-50% more graphics cards have been requested, according to forecasts, due to mining. The most requested are the GTX 1070 and GTX 1060, which are the ones with the best ROI. Currently there are no stock problems, because there are plenty of graphics on the market, not like in the case of AMD, which has difficulties to replenish the stock of the RX 500 Series. NVIDIA graphics have gone up in price, due to the rise in prices of NAND Flash, but still, their ROI is more than good.
This is good for NVIDIA, as it could get rid of the stock of the GTX Pascals waiting for the Voltas to arrive in the first quarter of 2018, which, if the forecasts are met, will be a real eyesore, not only for gaming, but for mining. It is possible that NVIDIA prices will go up 10-15% more until the end of the year and in the Christmas period and Black Friday, let's see how they have great discounts, so as not to have excess stock, thinking about Volta.
Source: Barrons
The price increase of the 1060 and 1070 is actually varied, for example in Argentina since the mining boom exploded from one month to the next Nvidia video cards went up 50 dollars or more and not to mention AMD and that was before the memory prices started to rise now that has normalized a bit but they are still prices at least in Latin America 30 to 40% more expensive than they were 2 or 3 months ago for example 2 months ago they were at 5200 Argentine pesos the 1060 a month ago 7800 now the same model 7000 that the prices depend on the country I know that, but as I said not in all countries have the recommended prices maintained by Nvidia for their graphics cards because of the mining boom I just hope that now with the fall of ethereum below 300 dollars that this continues and Stabilize for this price. The video cards will go down a bit, and for Christmas and Black Friday, the prices will drop, as you say. Thanks for the information, very useful as always.
Ethereum's fall in value is circumstantial. At the end of July it was already reported that the price of graphics cards would rise, due to an increase in the price in the VRAM and it has become effective, rising about € 50-60 in Europe, or at least in Spain. Each country is different and what happens in Spain has nothing to do with what can happen in Latin America, where prices tend to increase many times in a completely artificial way.
what you say is true, but what I am saying is that if the price of etherium falls and sales of video cards decrease because not everyone would buy so many video cards because the return on investment would take longer and that would discourage some miners who do not have a large investment capital, that is why sellers would have to lower their prices, for example when etherium collapsed in July I think (I do not remember well if it was July or June) the price of video cards dropped for a while because they were no longer being bought in large volumes, that is why it is one thing for Nvidia or AMD to give a recommended selling price, it is the seller's decision to follow that price or not, but when they inflate the prices and do not sell, they have to lower those inflated prices to be able to continue selling, that is what I mean. It is true that in Spain these increases are not as serious as in Latin America but it also happens to them, for example with the RX 580 on Amazon Spain you cannot get it for less than 325 dollars when its recommended price was 225 or 250 dollars. What I mean is that because of mining (not miners) sellers inflate their prices and this will continue until the price of cryptocurrencies that use GPUs to mine stabilizes or it is no longer so profitable to mine with GPUs.