As of the past few years the graphics card (GPU) market has been very volatile and drive by a large demand for crypto-currencies. The block chain code used to produce these “flexible” coded crypto-currencies. For those that wish to produce the currency, the graphics card was needed to use its ability to hash the code in a power efficient way. The cheaper the cost to produce crypto-currency the more demand for it.
The driving forces at play have all lead up to the current prices we face and see from new just out the box tech is insane. The Geforce RTX 3090 Ti was MSRP of $1999 and top market price right now is $3820. Swinging prices and no desire to spend that has put pressure on the producers to find a solution to sell to the basic consumer. The producers are going to charge a price they can get and regretfully they are going to sell to the highest bidder. This has led to a stagnate market for the consumer and cause a few changes in the crypto world as well.
Some crypto producers have changed the code to be less flexible and push crypto-producers to use a more efficient method of production called Algorithm Specific Integrated Circuit (ASIC). ASIC technology makes the need for GPU to produce crypto-currencies go down. The gamers and computer producers have been willing to ride out the storm with an older generation of GPU instead of paying higher prices. This is starting to slow the market and scalper’s ability to move GPUs as the prices go down, causing the scalpers to undercut each other. Soon as the scalpers see the price war start, the fire sale should start and we are already starting to see some of that now.
