Graphics card prices are shaking badly throughout 2022-2023 due to the volatility of the cryptocurrency market.
Until recently, news headlines had headlines like – Kazakhstan is in the top 5 countries in terms of cryptocurrency mining.
Kazakhstan miners account for about 6.17% of global hash rate, and this figure is constantly increasing. For example, China accounts for 65% of global hash rate, the USA for 7.24% and Russia for 6.9%. Kazakhstan comes next at 6.17%, Malaysia at 4.33% and Iran at 3.82%. At the same time, from September 2019 to April 2020, China’s share of global hashrate fell by 10%: from 75% to 65%. At the same time, Kazakhstan’s share of the hashray increased fourfold: from 1.42% to 6.17%. If Kazakhstani miners continue to actively develop the industry, then in the next few years the country will become one of the three leaders in cryptocurrency mining. And there are several good reasons for this: technical, economic, political and social.
There are three main factors that affect the profitability and attractiveness of mining as an industry: the value of the cryptocurrency, the remuneration per block mined and the cost of mining the block, which includes the cost of purchasing equipment and paying for electricity. And so today, on all three factors, China is experiencing a downturn.
To see how much video card prices are falling in Kazakhstan, visit shop.kz.
Gamers now don’t have to spend millions on modern graphics cards. In terms of the number of models, we don’t see a shortage either. If you’re thinking of buying a graphics card to upgrade your computer, get one now.
Miners usually choose video cards that have high performance and efficiency for mining cryptocurrency. Some of the video card manufacturers that are popular with miners include:
Nvidia is one of the most popular video card manufacturers for mining cryptocurrency. The GeForce GTX 1070, GeForce GTX 1080 Ti, GeForce RTX 2070 and GeForce RTX 3080 were not to be found on shop shelves at the time of the mining boom.
AMD is another popular graphics card manufacturer known for its powerful GPUs. At the time of the mining boom, the Radeon RX 580, Radeon RX 5700 XT and Radeon VII were not to be found on shop shelves.
ASUS is a manufacturer known for their high quality graphics cards with powerful cooling. At the time of the mining boom, ASUS Dual GeForce GTX 1070, ASUS ROG Strix Radeon RX 580 and ASUS TUF Gaming GeForce GTX 1660 were not to be found on shop shelves.
MSI is another manufacturer known for their powerful mining graphics cards. At the time of the mining boom, MSI GeForce GTX 1070 Ti, MSI Radeon RX 580 and MSI GeForce RTX 3070 were not to be found on shop shelves.
Gigabyte is a manufacturer that is also popular with miners for its powerful graphics cards. At the time of the mining boom, Gigabyte GeForce GTX 1060 and Gigabyte Radeon RX 580 were not to be found on shop shelves.
