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Russians are buying video cards amid cryptocurrency boom

MOSCOW, 20 Jan – PRIME. Experts of the online service “Yandex.Market” recorded an abnormally high demand for video cards for crypto-mining, in early December the number of transitions to offers for their sale increased by almost 70%, the press service of the service told RIA Novosti. Gold or cryptocurrency? That will grow in 2021 As the CEO and founder of the largest crypto exchange Binance, Changpeng Zhao, said in an interview with RIA Novosti, the coronavirus pandemic has sharply increased global interest in the crypto market and brought it to a new level. Bitcoin soared in value in the second half of December 2020. The cryptocurrency surpassed its all-time high of $ 20,042 since 2017 on December 16 and has been breaking records ever since. On January 8, Bitcoin set an absolute price record, reaching a new all-time high of $ 41,950, but then began to noticeably correct. According to the service about the transitions of users to online stores, this winter, an abnormally high demand for video cards was recorded. The peak of interest in the category fell on December 3 – over the week (from November 26 to December 3) the number of transitions to video card offers increased by almost 70%. High demand was maintained throughout December – at the end of 2020, Russians were interested in video cards about 1.5 times more often than in December 2019. “We see several reasons for such a rush in the market: firstly, the increased demand for the category was provoked by the release of new productive RTX 30XX series chips, which are of interest not only to gamers, but also to miners.Secondly, now there is another cryptocurrency boom, and miners are buying up all available powerful video cards.Moreover, due to the pandemic, some productions are still not operating at maximum power, which provokes a deficit, and it is likely to last at least until June, “- said Kirill Rodin, an expert in the Computer Equipment category of Yandex.Market. According to Rodin, the further situation will depend on the conjuncture of the cryptocurrency market and how far the producers can restore their capacities. According to service experts, during 2020, Russians on average were looking for video cards worth about 25 thousand rubles. However, this indicator began to increase in mid-September – now the average cost of the most popular offers on the service is more than 50 thousand rubles. “According to data for November-January, in 30% of cases, Yandex.Market users give their preference to MSI video cards. GIGABYTE accounted for 23% of clicks, and Palit – 19%,” the company said.

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