Miners use graphics cards to mine blockchains and earn cryptocurrency, such as Bitcoin, Ethereum, and ZCash.<\/p>\n
\u201cThe cryptocurrency mining boom has created a surge in demand for RX 570 and RX 580 GPUs in particular,\u201d said Berry.<\/p>\n
The graphics cards are favourites among cryptocurrency miners due to their high hash rate and relatively low price.<\/p>\n
AMD\u2019s Radeon RX 400-series cards were succeeded by RX 500-series GPUs, and although there are Radeon RX 560 and RX 550 cards available in South Africa, top-end RX 400-series and RX 500-series cards are sold out at most retailers.<\/p>\n
Less-powerful AMD graphics cards like the Radeon RX 550 are not as popular due to their lower hash rates.<\/p>\n
Crypto mining has become a profitable undertaking, and six Radeon RX 480 graphics cards mining Ethereum every day can\u00a0generate the owner a monthly income of around R10,000 at current prices.<\/p>\n
Berry said additional stock of the AMD cards is\u00a0arriving in the country on a continual basis, but all of this generally fulfills back orders.<\/p>\n It\u2019s not only South Africa which\u00a0is experiencing a\u00a0shortage of AMD graphics cards, however, and Berry said the recent cryptocurrency mining boom has created a global shortage.<\/p>\n Miners around the world are clamouring to buy RX 580 and RX 570 cards, as they can pay for the hardware with three to four months of cryptocurrency mining.<\/p>\n As the value of cryptocurrency increases, more users are building crypto miners, and existing miners are expanding or updating their hardware due to increased returns.<\/p>\n Cryptocurrencies such as Bitcoin and Ethereum have seen dramatic increases in value in 2017, making it more attractive to purchase graphics cards and mine the digital currencies.<\/p>\n This article first appeared on MyBroadband <\/a><\/strong>and is republished with permission.<\/em><\/p>\n AMD\u2019s Radeon RX 570 and RX 580 graphics cards are in high demand globally and are almost impossible to find in South Africa.<\/p>\n","protected":false},"author":232,"featured_media":103993,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_sma_x_autopost_status":"idle","_sma_x_autopost_error":"","_sma_x_post_id":"","_sma_facebook_post_id":"","_sma_instagram_post_id":"","_sma_x_attempts":0,"footnotes":""},"categories":[7],"tags":[1051,24253,24389,24479,24281],"class_list":["post-118039","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hardware","tag-amd","tag-cryptocurrency","tag-ethereum","tag-mining","tag-rx-580"],"_links":{"self":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/118039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/users\/232"}],"replies":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/comments?post=118039"}],"version-history":[{"count":0,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/posts\/118039\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media\/103993"}],"wp:attachment":[{"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/media?parent=118039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/categories?post=118039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mygaming.co.za\/news\/wp-json\/wp\/v2\/tags?post=118039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"Radeon](\"http:\/\/mybroadband.co.za\/news\/wp-content\/uploads\/2017\/06\/Radeon-RX-580-Stock.jpg\")
<\/a><\/p>\nGlobal Stock<\/h3>\n
Now read:\u00a0How much it costs to build a powerful Ethereum mining rig in South Africa<\/a><\/strong><\/h4>\n","protected":false},"excerpt":{"rendered":"