Nvidia seems to be on the rise against bitcoin miners. The company is now fed up of miners who are affecting the GPU markets directly, with jacked up prices. In order to solve this situation Nvidia is now taking a few drastic moves to show they care about their loyal customers.
In order to drive out bitcoin miners, Nvidia is asking retailers to sell only two graphics cards per person of the same model. Which will result in the cut down of bulk orders from numerous miners out there. Nvidia also said that they will always be on the side of gamers.
Aside from that Nvidia also made a statement saying ”for Nvidia, gamers come first. All activities related to our GeForce product line are targeted at our main audience. To ensure that GeForce gamers continue to have good GeForce graphics card availability in the current situation, we recommend that our trading partners make the appropriate arrangements to meet gamers needs as usual.’’
Even though Nvidia is taking actions against bitcoin miners, in the end it all depends on the retailers. As the two graphics cards rule is not being enforced on any of the them. They are being simply requested to do this, so the prices of graphics cards in the market would settle down. But in the end retailers don’t really care about who buys their product, as long as the customer is willing to pay.
Bitcoin miners have always been a threat to the gaming community. But lately the prices on graphics cards have skyrocketed with the GTX 1070 now being sold for $899, a card that was priced at $380. Nvidia and AMD are also not able to deal with the demand that the miners have created. Reason why high end graphics card are going for double their MSRP and higher.
What do you think about the current bitcoin mining situation and how it has affected the prices?