Recent news that a large operation in California who was mining for the top 10 most popular digital coins has shut down. The company uses specialized machines so there are unfortunately no video cards to flood the market with. The studio is ever hopeful for a flood of very cheap video cards.
The geopolitical situation with the coronavirus problem and the collapse in global stock stock markets have only made life miserable for the digital coin segment. The outlook for the economy for the rest of 2020 is likely to see record unemployment that is far worse than the mess of 2008.
The US weekly jobless claims last week came in at 3.8 million which is a record high. For that reason expectations are for even more job losses.
The Mt Gox hack made such a mess for digital coins. The lost 850,000 bitcoins which is a staggering amount of money lost. Eventually 200,000 bitcoins were discovered in an old wallet. The company is now in Tokyo court and the direction is the compensate account holders in digital coins.
Already prices for 28nm video cards are hitting rock bottom. 14nm cards are also falling rapidly. The disappointment over the R9 Fury only compounds the saga of prices hitting new lows.
The RX 480 8GB came from a digital coin miner and so far this card has continued to function. The EVGA GTX 1060 stands ready in case of emergency.
Prices for the GTX 1070 and GTX 1080 remain higher than fair value. Most want over 60 cents on the dollar for a 4 year old card.