If you are going to buy a graphics card, run: cryptocurrencies are rising, mining is profitable and its price is going to skyrocket

Bitcoin surpassed $42,000 just three days ago and is returning to the same level as a year and a half ago. Crucial moment.

The fact that the price has not increased is due to the fact that the value of cryptocurrencies plummeted this year, and a large number of used graphics cards for mining began to be sold at a really low price. The fact is that if you are thinking about upgrading your computer with a new graphics card , now is the perfect time, as the price of cryptocurrencies begins to rise.

Which means that if it works again to use one or more graphs to mine cryptocurrencies, it will be a matter of a short time in which the demand for graphs increases to find a situation similar to what it was a few years ago in which the demand was so great that not even NVIDIA was able to respond to it; added to the problems in the COVID-19 pandemic due to the global chip shortage.

The fact that the price has not increased is due to the fact that the value of cryptocurrencies plummeted this year, and a large number of used graphics cards for mining began to be sold at a really low price. The fact is that if you are thinking about upgrading your computer with a new graphics card , now is the perfect time, as the price of cryptocurrencies begins to rise.

Which means that if it works again to use one or more graphs to mine cryptocurrencies, it will be a matter of a short time in which the demand for graphs increases to find a situation similar to what it was a few years ago in which the demand was so great that not even NVIDIA was able to respond to it; added to the problems in the COVID-19 pandemic due to the global chip shortage.

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There is a graph with data that perfectly shows this twist so that income from mining cryptocurrencies is increasing and with an NVIDIA GeForce RTX 4090 you can get about $7.71 a day. That is to say, the profitability of mining with GPUs increases, so cryptocurrencies are rising and the great demand for the most powerful graphics will begin again.

Bitcoin returns

If the sanctions against China are added so that NVIDIA itself has had to launch a graphics card for this specific country, the cost of these GPUs can rise from one day to the next to finally find itself with a greater expense to update the PC graphics with which is intended to play the best current ones such as Baldur’s Gate 3, Starfield, Marvel’s Spider-Man 2 or Diablo IV.

The only positive point at this current moment is that there is no longer a shortage of chips as happened just two years ago when many companies struggled to meet the demand of their supply chain by not having enough SoCs for their various products. .

In any case, if the price of cryptocurrencies continues to rise  — Bitcoin surpassed $42,000 three days ago and is returning to the same level as 18 months ago according to Coindesk —  using multiple GPUs to get those aforementioned dollars will get many to start investing in NVIDIA graphics to get a great monthly extra.

So if you plan to buy a graph soon, you may have to bring that moment forward to the next few days or weeks before getting a bad surprise when their prices increase exponentially. It is a situation that NVIDIA knows well.

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