Certainly, the growth of cryptocurrencies in recent months, especially with the beginning of 2021, has pushed the size of cryptocurrencies to normal. When traders buy, sell and try to calculate how much a particular currency has risen, and while large mutual funds expect that Bitcoin (BTC) will soon reach $ 100,000 per coin, big things are also happening in cryptocurrency.
Miners at the largest pool, F2Pool, were reported to have contributed to the recent fall in BTC prices, and then to the subsequent rebound, as individual miners from the US and France warmed homes in the winter with their appliances. This really shows that Bitcoin is one of the life paths in the industry, especially with 2021 which promises to be a year full of new mining products for cryptocurrencies, especially graphics cards.
AMD is on stage
Many new products are expected to arrive at the end of 2020 from the two largest graphics card manufacturers, Nvidia and AMD, and it did not take long. During the annual CES technology conference in early January, manufacturers did not reveal the final versions of their graphics cards, but confirmed that they would soon hit store shelves.
Users will be interested in AMD Radeon RX 6700 and RX 6700 XT cards, which are meant to replace Radeon RX 5700 and RX 5700 XT cards. This new series is interesting because according to some experts, the RX 6700 will be able to surpass the competitor and the undisputed leader among miners, the Nvidia GeForce RTX 3060 Ti.
The new card can support up to 12 GB of GDDR6 memory, and a powerful cooling system such as the GeForce RTX 3070 – a 192-bit memory bus and 96 MB Infinity cache. The price will be an important factor in the popularity of the card, and because it is cheaper to produce than the GeForce RTX 3060 Ti, the retail price is expected to be lower.
Why then can the RX 6700 succeed? Before buying a GPU card, miners look at the profitability of the cards – but this is where AMD gets into trouble. Among the top 10 earnings cards, almost all positions are occupied by Nvidia Products. Of course, it’s AMD’s Radeon VII, which is pretty good, but when it comes to cards in the mid-range $ 400 to $ 500, AMD is not in a strong position. Therefore, the RX 6700 series can be a competitor for the top five graphics cards of 2021.
Special product from Nvidia
What about nVidia? Unfortunately, the company has not yet revealed a plan to release the new card, possibly because the RTX 3000 series just came out and all the order entries were shattered, resulting in a shortage of cards. Even before the New Year, the RTX 3080, 3070, 3060 Ti and 3090 were difficult to find, even at several times the retail price. The company acknowledges that this issue is unlikely to be resolved until April-May.
The RTX 3000 series is very popular because they are the most profitable mining cards. According to some estimates, the GeForce RTX 3080 card can fetch $ 6 to $ 9 per day when mining Ether (ETH), and the investment pays off in just two to six months – which is not a bad thing for today’s network complexity.
But the manufacturer can get out of the crisis in a fairly simple way: make custom cards for miners, thus reducing the demand for the RTX 3000 series and ending the conflict between players and miners.
Nvidia’s CFO recently said that if demand from miners continues to grow, the manufacturer could resume production of a series of cryptocurrency processors. At the moment, the production decision has not yet been announced, which is understandable, since the previous generation of these cards in 2017-2018 were not mass-produced, and the manufacturer fears another mistake.
But then Nvidia introduced special mining very late, as many of them already mined easily accessible cards. In addition, the timing was unfortunate as the wave of interest in cryptocurrency began to subside and the market entered a longer bearish period. This time, if Nvidia can handle it quickly and manages to release the cards over the next six months, these cards can still be displayed as long as there is a persistent shortage in the RTX 3000 series.
While Nvidia is warning about announcing its new mining cards, other manufacturers have started producing mining graphics cards based on Nvidia’s architecture. MSI recently registered several products with the Eurasian Economic Commission – the main regulator of the Eurasian Economic Union, which includes Belarus, Russia, Kazakhstan, Armenia and Kyrgyzstan – including the MSI GeForce RTX 3060 Ti Miner 8G and 8G OC GPU, specially designed for mining. …