Bitcoin ruined 2018 for gamers but will make up for it in 2019
Bitcoin ruined 2018 for gamers but will make up for it in 2019 ⚡⚡⚡ Esports and gaming news, analytics, reviews on WePlay! The latest news on WePlay!
Cryptocurrency mining is closely aligned with NVIDIA since the company is the main provider of hardware used in the process. You might have heard that the cryptocurrency market crashed over the weekend after it had been declining for the last couple of months.
At this moment one bitcoin equals a little bit less than $3,900, a huge dip after it stabilized above the $6k support in September. This will proc GPU price drops for 3 specific reasons:
- The market will be flooded with used video cards. You can find a used GTX 1080 auctioned at $205, which is a huge bargain.
- Retailers will struggle with the video cards, prompting further discounts. Prices on GTX 1050, which is enough for most of the games, are below $100 which is ridiculous. And here is a sweet GTX 1060 deal.
- NVIDIA will be pushed to make aggressive market moves. We could see a dip in the prices for GTX 20x0 cards. Traditional investors closely follow cryptocurrency prices when they evaluate NVIDIA stock and it doesn’t look good for the biggest PC GPU vendor. High sales volumes are the best way to convince investors otherwise.
If I were planning to upgrade my rig any time soon, I would be very excited for the Christmas shopping season.