Last week we already wrote an item on the fact that the Radeon Rx 400 series cards are sold-out world-wide becuase they are in high-demand from Bitcoin miners. When I wrote that news item the value of one Bitcoin was roughly 2800 USD. Today the 3040 USD marker has been breached.
The value has gone through the roof and if that value is high. Bitcoin has risen to a 160%+ value this year. Right now it is touching 3000 USD. That made it interesting to mine bitcoins on capable affordable GPUs. Currently most if not all AMD Radeon RX 570 as well as RX 580 GPUs are sold out at the big etailers. I just check the USA and EU, it’s pretty much the same everywhere – sold out.
Miners make use of GPUs from AMD and Nvidia in order to mine new coins and AMD GPUs especially are interesting. Once you mine a coin they can be used for selling purposes or kept for further appreciation (or depreciation – hey it’s gotta happen at one point). Currently the price has dropped and is around $ 2850 (about 2500 euros).
Back in 2013 Bitcoin broke $ 1,000 marker. Late last year the currency was at the same level again, however support from international financial institutions and a new legislation in China made it rise. In May the bitcoin broke $ 2,000. Another crypto currency Ethereum is also growing since May 20, the price of the currency went from $100 to $378.
You do need to wonder at what point the bubble will burst?
