DIGITAL COINS HOG VIDEO CARDS

The supply of video cards for Radeon RX 5700 and RX 5700 XT has largely been taken by digital coin miners. Gamers have been left with last years hardware.

The flood in China that wrecked a digital coin mining operation resulted in countless thousands of elite graphics cards destroyed. The pile of damaged cards stretches into the distance which is mind boggling at how many cards were destroyed.

Evidently XFX sold almost all of their Radeon RX 5000 series cards to a Chinese coin mining concern. It’s not as clear what other vendors have done but I have seen the number of video cards used in a photo of flood damage where countless thousands of video cards were destroyed.

One risk with digital coins and the large mining operations is the 51% effect. A mining pool with control of 51% of the network hash rate can make certain addresses unspendable by rejecting transactions aimed at those addresses. It can drive other pools out of business by refusing to incorporate their data, thereby orphaning their blocks.

A Bitcoin mining pool, called GHash and operated by an anonymous entity called CEX.io, just reached 51% of total network mining power on June 13, 2014. 

Now with the lack of RTX 3000 series cards, its suggestive that beyond the few score of cards for sale on eBay. While coin miners use nVidia cards there is a preference for Radeon as OpenCL seems to work better.

Over on the nVidia forum complaints over the lack of cards have been growing louder. On the AMD forum however there have not been so many criticisms. Other game forums are also vocal over the lack of higher performance cards generally.

At the end of the day the EVGA RTX 2080 will probably be in service for quite some time. The price of better cards is currently double MSRP and for gaming. The outlook for better prices does not seem clear.

The reason for being so cynical is that Radeon cards are bought up in thousands for coin mining. So when AMD introduces their new cards, not likely there will be anything to buy from them either.

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