Gamers Vs. Miners: the Weirdest Crypto Battle Yet
5 Mar, 2021 CryptoParrot
The current cryptocurrency bull run was definitely a paradigm-shifting event. With a rush of new traders, miners, and companies to the ecosystem, cryptos may very well have entered a completely new phase of their existence.
With the hype and traction generated by this "crypto gold rush", alongside the multiple problems from the Pandemic, many situations and issues arise from the sheer volume of people interested in the crypto market. In such a powder keg of a business, no single issue can beat the clash between gamers and miners.
Ethereum's ETH has been rising in popularity and, more importantly, price. At the same time the coin was getting a more competitive price, the hardware company Nvidia had launched a new line of graphics cards that beat any other product in the market.
The seemingly unrelated facts clash once you realize that, because of its processing power and how said cards are made, Nvidia's RTX cards are not only great for gaming, but they are extremely efficient tools to mine the newly crypto darling ETH. Add the slower production rates due to the Pandemic, and Miners and Gamers went rushing to buy all the stocks of the new cards.
This clash got to a point that the company had to step in. According to Nvidia, a new line of Crypto-focused cards is currently being developed. Meanwhile, firmware updates on the cards are trying to hinder RTX's efficiency for miners, which was met with criticism by the crypto community.
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