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AMD and Nvidia say they will drastically cut GPU prices in September

Companies like AMD (NASDAQ: AMD) and Nvidia (NASDAQ: NVDA) will apply further price cuts on graphics processing units (GPUs) to sell their remaining inventory. As a result of Worldwtoc, there has been a shortage of supplies in several different areas, and the cryptocurrency market is buying limited GPU supplies in bulk and scalpers are selling them secondhand at exorbitant rates.

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“Huang Renxun, CEO of Nvidia, publicly said that there was an overstock problem, was selling at a reduced price, and there was pressure to cooperate in the operation of Taiwan factories,” Xiao Junhui reported.

At the same time MyDrivers added:

“Graphics card manufacturers will launch a new wave of price reductions from September, mainly NVIDIA and AMD products, and the price reduction will be much stronger than before, which can better relieve cost pressure.”

Initial GPU supply shortages 

AMD

As a result of the worldwide pandemic, there have been shortages of supplies in a variety of different areas, including PC users trying to update or replace their hardware. However, even now at the discounted price, it is possible that people can no longer manage the expense of purchasing GPUs due to financial constraints.

Ethereum mining

One of the arguments against the cryptocurrency market is that the mining process consumes an excessive amount of energy. The current Ethereum mining method will gradually stop using graphics processing units (GPUs) under the Merge upgrade, which will see the transition from the Proof-of-Work (PoW) algorithm to Proof-of-Stake. This could mean that cryptocurrency miners are suddenly left with an expensive technology they’ve never used.

About Hama Amefiz

Amefiz is a professional blockchain, cryptocurrency and tech journalist, regular contributor to newsbsc.com who is writing analysis about the latest developments in the cryptocurrency and blockchain space.

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