If you are assembling a mining rig these days, you will probably agree that it became hard to find GPU’s for mining. AMD seems to have issues to fulfill the growing demand on their RX 4xx and 5xx cards, while the demand keeps growing. The demand on mining GPUs was caused by the recent boom of Ethereum mining profitability.
Besides that, there are rumors that the shortage of GPUs is caused by AMD inner issues. Others speculate that AMD is getting ready to release their new-gen GPUs and therefore are cutting on the production of the actual ones. They did something similar when releasing the new RX 570 and RX 580 cards.
However, one thing is certain – AMD won’t be replenishing the shelves anytime soon. If you can get your hands on a set of RX 4xx or 5xx, then it might be a good idea to do that. Those are still on sale, though most merchants raised the price tag considerably because of the high demand on the cards.
Nvidia Saves the Day
However, there is some good new for those of us who are looking to assemble a new mining rig. According to several trusted sources, Nvidia is about to release a new kind of GPUs that is meant for mining.
If all goes as planned, Nvidia will release the new GP106-100 GPU the June 23rd.
Why Nvidia, though?
Many users want to be optimistic about the new GPU series, but they are not sure whether they can trust Nvidia. The reason is simple – Nvidia GPUs are great for gaming, but they’re not a great ROI for mining. Their GDDR5X memory is faster and has wider bandwidth, but it also features less aggressive timing which makes Nvidia last-gen cards perform poorly with Ethereum, compared to their AMD counterparts.
However, this issue is due to the fact that Nvidia never aimed to serve the mining community. Now that AMD experiences production issues, Nvidia is releasing a GPU in attempt to satisfy the growing need in cards for Ethereum mining.
According to several sources, the GP106-100 GPU will cost under 150$. Performance-wise, it is expected to output 26.5 MHs for Ethereum, 550 H/s for Monero and 312.5 Sol/s for ZCash. While there are other Nvidia alternatives to mine Monero and ZCash (such as the GTX 1060), the ETH hashrate is surprisingly high, considering the estimated low cost of the GPU.
The new GPU is meant for mining only, which means that it does not include any display ports whatsoever, as well as it does not support anything other than mining algorithms. One can say that the GP106-100 GPU is some sort of ASIC for mining.
What About the Cons?
The GP106-100 GPU has two drawbacks. The first one is that the card comes with only 90 days of warranty. While it is indeed an important drawback, it is not so bad since the card has a ROI of only one month (considering today’s ETH price and mining difficulty, as well as the GPU’s estimated price of $150).
The second and most important drawback is that the card will be probably available only to big mining farms. Nvidia plans to sell the GP106-100 GPU in large bulks, which cannot be afforded by the average home miner. However, I speculate that the mining community will find a way around that issue eventually. Also, if the GP106-100 GPU will deliver good sales to Nvidia, the company might re-consider their relations with the mining community and release home mining-oriented GPUs in the near future.
I remain optimistic about the situation with mining GPUs. I believe that while there is demand, companies will always a way to fulfill it. Same thing happened with mining motherboards. As soon as AsRock failed to fulfill the demand on their mining-oriented AsRock Pro BTC, BioStar took the lead and released two new MoBos so people could keep building their mining rigs.
Thank you for reading. As always, your comments, suggestions and questions are welcome.
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