Cryptocurrencies have been on everyone’s mind lately – some want to buy them, other want to use them for example when visiting the Best Crypto Gambling Sites. However, Bitcoin specifically has not been that easy to come by as it was in the past. With the value of Bitcoin rocketing, more people have become interested in crypto-mining. To mine crypto-currency you need expensive computer hardware put together in a dedicated space (a crypto-mining rig). This has created demand for such rigs and driven up their prices. Let’s see what the impact on PC sales could be.
What is crypto-mining?
If you’re new to crypto-mining, you’re probably wondering what all the fuss is about. You’ve heard of Bitcoin, Ethereum, and other cryptocurrencies, but you don’t quite understand why so many people are mining for them.
Cryptocurrency mining is a process where computers solve math problems in order to facilitate cryptocurrency transactions.
When someone sends a cryptocurrency transaction, it needs to be validated by a network of computers before it goes through. That’s where miners come in. Each time a miner’s computer solves one of these math problems, they earn a piece of cryptocurrency as payment.
Now that miners have moved from specialized data centers to using their own home computers, there are several factors that need to be considered when choosing PC components if you want to get into the world of crypto-mining.
Why would it affect PC sales?
The kind of PC you need for crypto mining depends on what kind of mining you want to do. If you want to mine Bitcoin or any other SHA256 coin, then a basic PC will work just fine. However, if you want to mine Ethereum or any other coin based on Ethash then you will need a dedicated graphics card (GPU). If you want to mine coins based on CryptoNight or CryptoNightV7 then you can use a basic CPU. It all depends on what type of coin you are trying to mine as well as its difficulty level for mining operations. This means that in theory, people might start buying more powerful PCs with GPU.
Will it really affect the sales?
Honestly, I doubt it. It’s no secret that crypto-mining has become a lucrative business for many people, but that doesn’t mean it’s the main driver of the PC sales increase. In fact, there aren’t many people who are heavily involved in cryptomining, and most of them are probably not going to buy a new computer just to mine cryptocurrency.
This is because cryptomining requires quite a bit of work on the part of the user, who needs to have some technical knowledge and/or be able to learn about it as they go. This means that only those with a high level of interest in the subject will pursue it. Therefore, even if these people were all buying computers specifically for mining, they wouldn’t make up enough of the total PC market to affect the overall sales trends.