Post Comment

Name:

Email:

Comment:


Twitter
Facebook
You Tube
Blog
Forum
undefined
Trustpilot
Contact us Wishlist Support Blog
Account
Login or sign up
Personal details Payment details My delivery addresses My orders Return an item Check return status
Basket
Basket Updating...

Gaming PCs

Reign Gaming PCs

All Reign Gaming PCs NVIDIA RTX Gaming PCs AMD Ryzen Gaming PCs Intel Gaming PCs PCs by Game VR Ready Gaming PCs Next Day Gaming PCs

Reign Scout Gaming PCs

1080p Gaming

Reign Sentry Gaming PCs

1440p & 4K Gaming

Reign Vanguard Gaming PCs

4K Gaming & Content Creation

Desktop PCs

Custom PCs

Configure an Intel PC Configure an AMD PC View all

Home PCs

Intel Home PCs AMD Home PCs View all

Office PCs

Intel Office PCs Mini Office PCs View all
Browse our range of next day PCs, in-stock and ready for delivery

Workstations

Workstations by Use

All Workstations Media & Entertainment Architectural, Engineering & Construction Manufacturing & Product Design Deep Learning Forensics Multi-Monitor Rackmount

Filter by Technology

Intel Core Processors Intel Xeon Processors AMD Ryzen Processors AMD EPYC Processors NVIDIA GeForce RTX Graphics NVIDIA Quadro Graphics AMD Radeon Pro Graphics

Custom Workstations

All Custom Workstations Custom Intel Core Workstation Custom Intel Core X Workstation Custom Intel Xeon E Workstation Custom Intel Xeon W Workstation Custom Intel Xeon Scalable Workstation Custom Dual Intel Xeon Scalable Workstation Custom AMD Ryzen Workstation Custom AMD Ryzen Threadripper Workstation Custom AMD EPYC Workstation

Servers

Tower Servers

All Tower Servers Intel Xeon E-series Intel Xeon Scalable AMD EPYC

Rackmount Servers

All Rackmount Servers Intel Atom Intel Xeon E-series Intel Xeon Scalable

Storage Servers

All Storage Servers All Flash Array JBODs

GPU Servers

All GPU Servers NVIDIA DGX AMD EPYC

Laptops

Category

Everyday use Mobile Workstations Pro

Use

Home Business Gaming

Laptop Extras

Adapters Accessories Batteries

More

All Laptops Laptop Repairs Carepack Information Clearance Laptops Repairs

Monitors

Type

All Monitors NVIDIA G-SYNC AMD FreeSync 4K UHD 32:9 Ultrawide 21:9 Ultrawide

Refresh Rate

240Hz 165Hz 144Hz

Size

28"+ 27" 24" 21.5" to 22" 19.5" to 20" 18" to 19"

Monitor Accessories

All Monitor Accessories Monitor Mounts Monitor Stands Privacy Filters Screen Cleaning Audio & Video Cables
Check out our Monitor offers here

Peripherals

Keyboards

All Keyboards Gaming Keyboards Mechanical Keyboards Wired Keyboards Wireless Keyboards Keyboard Accessories Keyboard & Mouse Bundles

Mice

All Mice Gaming Mice Wired Mice Wireless Mice Mouse Mats Keyboard & Mouse Bundles

Other Input Devices

All Input Devices Gamepads Joysticks & Flight Control Steering Wheels Graphics Tablets

Audio & Visual

Headsets Gaming Headsets PC Speakers Microphones Webcams Projectors & Accessories

Gaming Chairs & Desks

Gaming Chairs Gaming Desks

Printing

Printer Cartridges

PDU & Surge Protection

View All

Components

Graphics Cards

Top Graphics Card Deals NVIDIA Graphics Cards AMD Graphics Cards NVIDIA RTX Series NVIDIA GTX Series Professional Graphics

Processors

All Processors Intel Processors AMD Processors Thermal Paste

Memory

All Memory DDR4 Memory DDR3 Memory Laptop Memory

Motherboards

Top Motherboard Deals All Motherboards Intel Motherboards AMD Motherboards

Power Supplies

Top PSU Deals All PSUs Modular PSUs Non-Modular PSUs PSU Cables

Cases

Top Case Deals All Cases Full Tower Cases Mid Tower Cases Mini ITX Cases Mini Tower Cases Rackmount Cases Case Accessories Case Cables

PC Cooling

Top PC Cooling Deals All-in-one Watercoolers Open-Loop Watercooling CPU Coolers Case Fans

Part built Bundles

Intel Barebone Bundles Intel Motherboard Bundles AMD Barebone Bundles AMD Motherboard Bundles

Other Components

Sound Cards Optical Drives Clearance Components

Storage & Networking

SSD / Solid State Drives

All SSDs M.2 NVMe SSDs M.2 NVMe Gen 4 SSDs

Hard Drives

All Hard Drives All 3.5" Desktop Hard Drives All 2.5" Desktop Hard Drives SATA Cables

Other Storage

External SSDs External Hard Drives Flash Memory USB Memory Sticks Clearance Storage

Wireless Networking

All Wireless Wireless Routers Wireless Extenders Wi-Fi Adapter Cards

Networking

All Networking Powerlines Network Switches KVM Switches Network Interface Cards Network Cables Clearance Networking

Network Attached Storage

All NAS Solutions Desktop NAS Solutions Rackmount NAS Solutions

Business & Education

Training & Defence

Training & Defence Solutions Rack Integration GPU Solutions Virtualised Environments How we work

AI & Deep Learning

AI & Deep Learning Solutions Technology Platforms Research & Development Proof of concept Proof of concept

Education

Education Solutions Desktops for Education Laptops for Education Google for Education Internet & Safeguarding
Future Proof your
school
Enhanced Fulfillment
Services
Blog Your account Contact & Support
COVID19 and Showroom Collection Information
×
Home | News | Cryptocurrency surge forces GPU drought in 2018

Cryptocurrency surge forces GPU drought in 2018

Posted in News

Author - Harry Pages

Last updated on 25 Jan 2018

As I have mentioned in a previous article, the consumer technology landscape is an unpredictable terrain to roam through. Even more so when your simple gaming utility is being adapted for crypto-mining, sending the prices of GPU sales globally booming to unprecedented prices.

GPU sales sky-rocked in 2017, leading to a temporary hardware drought. While conventionally sold for advanced Gaming PCs, graphics cards are being utilised by crypto-miners for increasing the speed of mining their virtual crypto-currencies from online networks. Evidently, eager miners have been scooping up the best brand GPU’s in large volumes to run side-by-side in a bid to extend their crypto-currency mining profits.

At the start of 2018, crypto-currency interest has been seemingly larger than ever before. Another drought has swallowed up the GPU market, leading to some graphics card producers limiting the very sale of how many may be purchased by a single individual. This is bad news for gamers and is being viewed as one of the rockiest times to purchase or upgrade your Gaming PC. 

Gamers hopes on low resolution

Over the last weeks, Bitcoin has seen a bipolar rate of success and value, peaking record values and then plummeting down into the depths of negative profit. This current trend has sparked huge interest with the general public in crypto-currencies that has seen the unusual crowds investing hardware and funds into various currencies, hoping to strike big. This is also a reason that GPU sales have been so rife and corrupt.

Where high-end cards often use substantial power, mid-range GPU’s are generally seen as the most profitable investment for crypto-miners for their less demanding operations that help pool crypto-currency investment.

This has led to the mid-tier graphics cards commanding the higher prices, crippling gamers hopes of upgrading their Gaming PC’s and systems. 

Comments

Nadim - 01 Feb 2018

I ordered on the 22nd December. I'm running out on setting up the gaming competition. do you still have no idea when you are getting any stock?

Reply

Lee - 01 Feb 2018

As long as shops like you limit sales to 1 card per person and keep prices within 10% of launch and sell on preorder at the right prices then you are not part of the problem.

Reply

Alex - 01 Feb 2018

I'd been searching for a GPU that was actually in stock and a reasonable price for a while because of the surge of GPUs being hoarded for mining Ethereum, so miners are largely to blame for my build being finished about a year late. But I managed to get lucky and snatch a 980 Ti from here for about £280, really hit the jackpot. I hope anyone else trying to upgrade or build a new PC manages to find the card for them at a relatively normal price, but I'd personally advise to hold off on anything until the prices go back down.

Reply

Recent posts

Training & Simulation

20 Jan 2021

How a gamer’s passion grew to provide outstanding visuals for training and simulations

We spoke to Chris Torchia about the unconventional path he took to build Vigilante.

Esports

19 Jan 2021

Reign by Novatech Assembles to Compete in Charity Esports Tournament

Gaming for good: Reign set out to raise money for their chosen charity, Solent Mind, as they enter the Business Esports Charity Tournament.

How To

14 Jan 2021

Office 365 - Where to start? A checklist

You've decided to go with Office 365, it's an excellent choice and has many benefits which are going to help your organisation. But where do you start? It can be a daunting prospect implementing a new system, but have no fear!

Get the latest from Novatech

Signup to our mailing list to get the latest info on deals and events before everyone else. Don't worry, we won't fill your inbox with spam.

Contact Novatech
  • Technical Support
  • Sales
  • Customer Services
  • Our Showroom
  • Get in touch (webmaster)
  • Forum
  • Blog
  • Latest News
About Novatech
  • Careers at Novatech
  • Who we are & What we do
  • Why Buy From Us
  • Trust Pilot Reviews
  • Privacy & Security
  • Novatech & WEEE Regulations
  • Quality & Environmental Policy
  • Modern Slavery Statement
  • COVID-19 Risk Assessment Policy
Your Account
  • Login / Register
  • Track an Order
  • Terms & Conditions
  • Privacy & Security
Services
  • Repairs / Service Centre
  • Affiliates
  • Trading Schemes
  • Payment Methods
  • Finance Options

© Copyright 2000-2021 Novatech Ltd - Computer Supplies | Company Reg No: 2605046 | WSV 8.2.2-PTE - ren

Head Office - Novatech Ltd, Harbour House, Hamilton Road, Cosham, Portsmouth, PO6 4PU

db

We use cookies to provide a better customer experience on our site. By continuing to shop with us, you consent to our use of cookies. Our cookie policy is available here