According to a report, XFX has sold almost all of its AMD Radeon RX Series GPU stock to Crypto miners back in September. The report was published by Chinese tech outlet MyDrivers and according to them, XFX pretty much sold the entire stock of its AMD Radeon cards to GPU miners in China during the month of September.
According to MyDrivers, XFX has sold the RX 5800, RX 5700 XT, RX 5600 XT, and even the RX 590 to GPU miners during the month of September 2020. Cryptocurrencies like Etherium have been on an upward trajectory in interest and rallied almost 100% during the last few months.
As the prices of the cryptocurrencies go up, the demand for GPUs will increase even further which doesn’t bode well for the consumers. With NVIDIA Ampere GPUs already scarce and AMD GPUs leeching the company’s finite allocation of wafers at TSMC, a booming crypto market might see prices go sky high and availability fall through the roof all over again.
Crypto mining is on the rise again and the reason why miners prefer AMD’s Radeon GPUs is due to amazing hashing power and tons of vRAM of Radeon GPUs. Ethereium’s DAG file is 3.49 GB in size which basically means a GPU with at least that much vRAM is required to run it. The DAG file size is expected to cross 4GB shortly as well. AMD GPUs tick both boxes of having great hashing power and ample vRAM while being cheap and so are the best option for mining.
On the other hand, NVIDIA GPUs are much more expensive and don’t provide the performance required to the miners. NVIDIA’s Ampere GPUs are quite expensive and they also don’t scale in hashing power.
The report against XFX hasn’t been confirmed and XFX and AMD haven’t commented on it either. But if it is true, then it won’t sit well with the consumers especially if people who are wanting to upgrade fail to get their hands on the desired GPU.
