Bitcoin and other cryptocurrencies have climbed in value over the past year, thanks to an increased demand from private and corporate investors. As the price for cryptocurrencies has skyrocketed, graphics cards have also seen a price spike.
The price surge is hurting everyone looking to buy a graphics cards for reasons other then cryptocurreny mining. The analysis shows how the increasing value for ten different cryptocurrencies is driving GPU prices on the German online market.
The list of graphic cards includes popular, mid- to high-end consumer models. The prices have been retrieved from the German price comparison service Idealo and represent the cheapest available price at a given day.
- GeForce GTX 1080 Ti: GigaByte GeForce GTX 1080 Ti, MSI GeForce GTX 1080 Ti, Zotac GeForce GTX 1080 Ti
- GeForce GTX 1080: GigaByte GeForce GTX 1080 Ti, MSI GeForce GTX 1080, Zotac GeForce GTX 1080
- GeForce GTX 1070 Ti: GigaByte GeForce GTX 1070 Ti, MSI GeForce GTX 1070 Ti, Zotac GeForce GTX 1070 Ti
- GeForce GTX 1070: GigaByte GeForce GTX 1070, MSI GeForce GTX 1070, Zotac GeForce GTX 1070
- Radeon RX 580: GigaByte Radeon RX 580, MSI Radeon RX 580, Sapphire Radeon RX 580
- Radeon RX 570: Powercolor Radeon RX 570, GigaByte Radeon RX 570, Sapphire Radeon RX 570
The Radeon RX Vega56, Vega64 and Geforce GTX TITAN X have been excluded from the analysis, because they are expensive and their prices are very volatile due to retail stock shortages. The old Radeon RX 480 – another popular choice – was excluded because it's only available on the second-hand market.
The selection of cryptocurrencies is based on what I consider “important currencies”. The be fair, not all of those cryptocurrencies benefit from a fast GPU. But still, they fuel the current cryptocurrency craze. The price history was retrieved from CryptoCompare:
- Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Ripple (XRP), Nxt (NXT), Ethereum Classic (ETC), Dogecoin (DOGE), ZCash (ZEC), DigitalCash (DASH), NEO (NEO):
The documentation for the CryptoCompare API can be found here.
- Hover for single cryptocurrencies and GPUs
- Round values (smaller dataset)