The Storage Shortage Caused by New Cryptocurrency: How to Protect Yourself

The Storage Shortage Caused by New Cryptocurrency: How to Protect Yourself

 

Cryptocurrency miners in the United States and many other countries have created a shortage of key computer components, forcing retail outlets and game publishers to become creative to keep gamers satisfied and people working. According to the Verge, a recent graphics card shortage has caused the release of some innovative methods to help console players at least get their graphics cards, even if they weren't planning on buying. As of this writing, cards from an 8GB AMD RX 570 are selling for almost double their original price, and graphics cards from AMD's older generation of RX 500 series are no longer making it to shelves. These shortages have led to resellers and retail outlets either selling off all of their stocks or rushing to find a workaround. Yuan Pay Group also suggests adopting eco-friendly cryptocurrencies like digital yuan.

How to Prepare for the Crypto Craze

 

Cryptocurrency mining is a great way to earn money, but while some gamers and researchers may rely on purchasing pre-owned equipment, most gamers need a relatively new GPU to get the most from it. As such, GamersNexus is offering you the chance to claim one of our readers’ digital dumpings for AMD Radeon RX 580 (starting at $149.99), which may be used by those who don’t have access to a gaming PC that can provide the graphics processing they need.

 

What to Do If You're Already Hit With a Shortage

 

If you've been hit with a graphics card shortage, there is a solution. As of right now, there is no shortage on NVIDIA's Geforce 9xx series of GPUs, which includes the GeForce GTX 1070 Ti, GTX 1070, GTX 1060, GTX 1070 Ti, GTX 1080, GTX 1080 Ti, and the GTX 1080 Founders Edition. This is why the current shortages on other components may be temporary, as they are more vulnerable to the seasonality of when people are buying and selling parts. Now, with the Ethereum (ETH) & Bitcoin (BTC) price increases, demand for the Nvidia GPUs has increased even more, even on the limited stock the company has at the moment. So, if you have any of these graphics cards, there is no need to panic.

 

CHIA

 

Chia is mainly designed as an eco-friendly cryptocurrency. It is a roof of space that refers to storage capacity and the additional factor of time. Compared to a traditional proof of work, it mainly depends on power-hungry GPUs; Chia leverages the hard driver's power. Chia networks announce that their system will provide better security than Ethereum and better energy cost than other cryptocurrencies.

 

Conclusion

 

Whether it’s hard drives, graphics cards, CPUs, or any other essential computer component, there's a high demand when there’s a high demand and when there’s high demand. The best method to protect you from any future price fluctuations will be to buy quality goods now and secure a supply of these essentials in the future. We recommend having one alternative piece of hardware compatible with as many computers and operating systems as possible and is made by a reputable brand. The following are some of our go-to picks. USB 3.1 Cards are the most common of the 8-pin model and USB-C to USB 3.1 cable. Digital Yuan is a government-backed digital currency used as a payment mechanism or positioned as a legal tender.