Nvidia news: GPU demand due to cryptocurrency mining now slowing down

Nvidia is trying to keep up with the high demand for graphics cards Reuters/Mike Blake

Good news awaits PC gamers and regular PC users, as graphics processing units (GPUs) might slowly become more available for consumers after reports indicate that the cryptocurrency mining craze demand, which drove the prices of GPUs up, is starting to slow down.

This is because supplies for GPUs are quite low right now since the cryptocurrency miners are buying them in bulk in order to maximize profits, driving the prices higher to compensate for the dwindling stocks. This, in turn, puts the GPU demand to a slowdown since not many people are buying GPUs these days due to their inflated prices.

Nvidia, the leading GPU manufacturer at the moment, is aware of this and has admitted that it will be taking some steps in order to alleviate this problem. One such solution that the company may be planning to implement is to prevent the cryptocurrency miners from buying out and hoarding all the available GPUs, perhaps by limiting purchases to just one per person or per computer in order to preserve stocks for regular users and gamers who make up the primary market of Nvidia.

Additionally, the company might also be planning to ramp up its mass production for GPUs come the next generation in order to ensure that everyone who has the purchasing capacity for a new GPU will be able to get one. This is another good news for a lot of gamers since a recent survey on Steam revealed that 85 percent of Steam gamers prefer or use Nvidia.

The bad news is that the company also predicted that GPU prices will continue to increase this year depending on the demand and value of certain cryptocurrencies. This is the likely scenario until at least the third quarter of 2018 before GPUs go back down to normal price ranges.

In the meantime, NVIDIA might also introduce a cryptocurrency-specific video card made for miners so that they can have their own components without hoarding regular GPUs.

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