Graphics cards: their price will drop by 20% in July thanks to bitcoin

Following the decline in the price of cryptocurrency, such as Bitcoin, Ether or Litecoin, the price of graphics cards could collapse in July 2018. Currently evaluated around 5000 €, Bitcoin is no longer the price . As a result, the demand for graphics cards, used by minors to create cryptocurrencies, is dropping sharply.

According to our colleagues at Digitimes, we can expect that the average price of graphics cards down to 20% in the month of July 2018. To explain this new decline, the Taiwanese media highlights the plummet of Bitcoin and his ilk.

Falling Bitcoin price could lower the price of graphics cards
After a dizzying flight to the doors of 20 000 € at the end of 2017, the price of Bitcoin looks grim since the beginning of 2018. In recent weeks, the mother of cryptocurrency struggles to stay above 6000 €. At the end of June, Bitcoin even fell to € 4.974. In response, investors lose confidence in Bitcoin. Same story on the side of Ether or Litecoin.

As a result, miners are no longer investing in the equipment needed to mine Bitcoin. Faced with this drop in the demand for graphics cards, Nvidia is left with a colossal stock of unsold graphics cards. According to Digitimes, the company would have overestimated the volume of sales this beginning of the year. It will also be remembered that in January 2018, Nvidia accused Bitcoin miners of blazing the price of graphics cards to the detriment of gamers.

So far the balances have not allowed Nvidia and other brands to reverse the trend. Before announcing and marketing new products, Nvidia would have decided to sell its stock of a million graphics cards in excess, says Digitimes.

That's why Nvidia has decided to postpone the GeForce 11 announcement to 2018 Gamescom, which will open in Cologne on 21 August 2018. According to analysts, the price of graphics cards should return to normal at the start of the 2018 season.