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GPU prices soar because of cryptocurrency boom

<h4>Due to high earnings opportunity&comma; Cryptocurrency miners are causing constant shortages of high-end graphics cards on the market&period; These shortages caused by high demand resulted in soaring prices of graphics cards&period;<&sol;h4>&NewLine;<p><a href&equals;"https&colon;&sol;&sol;www&period;wincert&period;net&sol;wp-content&sol;uploads&sol;2018&sol;02&sol;gpu&lowbar;mining&period;jpg"><img class&equals;"alignnone size-full wp-image-2449" src&equals;"https&colon;&sol;&sol;www&period;wincert&period;net&sol;wp-content&sol;uploads&sol;2018&sol;02&sol;gpu&lowbar;mining&period;jpg" alt&equals;"cryptocurrency" width&equals;"640" height&equals;"426" &sol;><&sol;a><&sol;p>&NewLine;<p>Last week Nvidia reported soaring profits with a revenue of  &dollar;2&period;9 billion in the fourth quarter which is 10&percnt; increase from the third quarter with a net income risen by 33&percnt;&period;<&sol;p>&NewLine;<p>Nvidia chief financial officer Kress Colette said that a strong demand in the cryptocurrency market exceeded their expectations&period; Colette also said that cryptocurrency miners are a significant source of demand and that crypto mining is still on the rise&period;<&sol;p>&NewLine;<p>Nvidia CEO Jensen Huang confirmed that gamers suffer from GPU shortages&period; &&num;8220&semi;We typically have between six to eight weeks of inventory in the channel globally right now the channel is relatively lean&comma; we&&num;8217&semi;re working really hard to get GPUs out into the marketplace for the gamers&period;<&sol;p>&NewLine;<p>Along with Nvidia&comma; AMD is also enjoying this crypto mining madness&period; AMD CEO Lisa Su said that AMD had a second-quarter record with GPU revenue improving average selling price with an increase in unit sales&period; She also said that both gaming and crypto mining contributed to this strong demand&period;<&sol;p>&NewLine;<p>With all these shortages and pumped high-end graphics card prices&comma; we can only wait until crypto-miners loose interest or start selling their cards in a pursuit of a new hardware with better hash rates&period;<&sol;p>&NewLine;

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