Fed up with GPU prices? Crypto-rig builder says gamers must suck it up and mine

gamers should mine cryptocurrency easycryptohunterrig01
One of Easy Crypto Hunter’s six-card, 1080Ti mining rigs. Jon Martindale / Digital Trends

At a recent cryptocurrency investor show, one mining rig builder told Digital Trends he thinks the best way for gamers to offset the inflated cost of graphics cards is to mine cryptocurrency in their spare time. By his reckoning, most cards can pay for themselves in just over a year.

Although the peak value of many cryptocurrencies may be months behind us at this point, the mining boom that was born off of the back of it shows no sign of abating. In turn, graphics card prices remain ridiculously inflated. Even obsolete cards are selling for more than double their launch prices, as availability plagues gamers and miners alike.

While miners look to make a profit on their expensive investment, gamers just want to have fun. That’s not the tack they should be taking according to Easy Crypto Hunter‘s founder and Managing Director, Josh Riddett. During a sit down with Digital Trends at the London Crypto Investor show, he suggested gamers should be mining, too.

“I totally feel for them, I get it. I am an avid gamer myself,” he said when asked how he felt about the impact businesses like his were having on graphics card pricing and gamer upgrade limitations.

“I’ve spent a lot of my life gaming, I love it. I’ve made a lot of great friends in the online world. The reality of it is [though], no one rides horses when they’ve got cars,” he said. “Sometimes you’ve got to move with the times. At the end of the day, I appreciate that a graphics card will now cost you twice what it did before, I get that and it sucks, but it can also pay for itself in a year. So it’s kind of swings and roundabouts. It’s very easy to leave your computer mining overnight when you’re not using it, and effectively the graphics card will pay for itself.”

Riddet’s four-month-old business does deal exclusively in GTX 1080Ti graphics cards, and purchases in bulk from both distributors and manufacturers. That’s not a card that many gamers would have been buying, in any case, because of its high MSRP. However, there is a trickle-down element to that. If other miners and gamers can’t buy those cards, they’ll buy the next ones down the list, and the mid-range has already been decimated by miners building more energy-efficient rigs.

If gamers were willing to mine, however,  Riddet thinks they’d easily offset the cost of the card. “[Graphics cards] are harder to get [and] three years ago the prices were cheaper,” he admitted, “but three years ago the card couldn’t pay for itself. Now it can. It’s more money up front, but I’d argue less money out of your pocket in the long run.”

Riddet’s take seems a bit self-serving, but also offers some insight into the world of cryptocurrency hardware. His perspective makes it clear the companies building crypto-mining rigs still enjoy more than enough profit, despite the fact Bitcoin’s price is at roughly half its peak value. Gamers may not like his advice — after all, most don’t want to hassle with mining a cryptocurrency. If AMD and Nvidia can’t find a way to build and distribute cards at more reasonable prices, though, gamers may not have a choice.

Photography

Get up close and personal with this telephoto lens for your phone

Moment is replacing its aging 60mm telephoto lens with a new 58mm tele lens, redesigned from the ground up for the latest iPhone, Pixel, and Galaxy phones. Mount it onto the phone via a case and get closer with 2x optical zoom.
Deals

Save up to $850 with the best smartphone deals for November 2018

Need a better phone but don't want to spend a fortune? It's never a bad time to score a new smartphone and save some cash. We rounded up the best smartphone deals available that can save you as much as $850.
Deals

These Black Friday furniture deals offer up to 80 percent off

Retailers across all industries use Black Friday to offer incredible deals on everything from kitchen appliances, to full bedroom sets. As such, it’s the ideal time to upgrade your space with pieces that will make you feel more…
Computing

Crypto hangover could take blame for Nvidia’s potential GeForce RTX 2060 delay

Nvidia's delay in announcing a ship date for its GeForce RTX 2060 GPU could be due to a burst in the cryptocurrency mining bubble. Executives blamed the crypto hangover for an oversupply of inventory on existing GTX 1060 cards,
Product Review

Flexible and fast, HP's Spectre x360 is the 2-in-1 for every occasion

HP’s late-2017 refresh of the Spectre x360 13 convertible 2-in-1 leverages Intel’s eighth-generation CPUs for significantly improved performance and battery life. The thin and light frame is also tweaked, and looks better than ever.
Deals

All the best Target Black Friday deals for 2018

The mega-retailer opens its doors to the most competitive shoppers at 6 p.m. on Thursday, November 22, and signs indicate that the retailer means business this year. We've sifted through all of the deals, from consumer electronics to small…
Computing

Microsoft drops Surface Go price to $350 for Black Friday week

The Microsoft Surface Go convertible tablet has seen a large price drop this Black Friday sales season, lowering the base model to $350 and even the upgraded ones have seen $50 knocked off of their asking price.
Computing

M4A is great for quality, but not for storage. Here's how to convert to MP3

Despite its remarkable ability to retain audio fidelity at a smaller size, M4a files aren't the best when it comes to compatibility. Check out our basic guide on how to convert M4a files to MP3.
Smart Home

All the best Amazon Black Friday deals for 2018

Amazon may be an online-only retailer, but that doesn’t mean its Black Friday sales are anything to sniff at. In fact, due to its online status, Amazon has huge flexibility with the range of products and deals it can offer. Here's our…
Deals

The Best Black Friday Deals from Best Buy in 2018

We've been hard at work assembling all the best Black Friday deals Best Buy offers in 2018 and putting them in one place to save you time and money this holiday season. From laptops to TVs, game consoles to smart speakers and much more…
Computing

Detangle your desk with a mighty wireless mouse. Here are our six favorites

If you're looking for the best wireless mouse on the market, we've got the list for you!. These six models have something for everyone, whether you're a hardcore gamer or simply looking to ward off carpal tunnel.
Computing

Razer takes up to $500 off of its Blade gaming laptops for Black Friday

If you're a fan of Razer's understated aesthetics that earned the Blade comparisons with Apple's laptops, you can score some big savings on Black Friday, as Razer is offering up to $500 discounts off of its gaming notebooks.
Computing

Reluctant to give your email address away? Here's how to make a disposable one

Want to sign up for a service without the risk of flooding your inbox with copious amounts of spam and unwanted email? You might want to consider using disposable email addresses via one of these handy services.
Buying Guides

Solid-state drives are speedier than hard disk drives. Are they worth it?

As the price of solid-state drives comes down, it's reached a point where it's hard to recommend a system without at least a hybrid solution. In the battle of SSD vs. HDD, a clear winner has emerged.