Life & Technology

Radeon RX 5700 video cards, in great demand for cryptocurrency generation


The nightmare of PC gamers, who by the end of 2017 could no longer find graphics accelerators anywhere at reasonable prices, is about to return in 2020, and Radeon RX 5700 video cards could be just the first victim.

The reason is the unexpectedly high rise in the quotations of Ethereum, Monero, Dash, Tron, Ripple and other Bitcoin alternatives, enough for the “mining farms” based on graphics accelerators to be profitable again, even very profitable if you choose the right hardware combination and apply some optimizations for energy efficiency.

AMD Radeon RX 5700, the new hen with golden eggs?

It is not clear to what extent it applies to the new Nvidia GeForce 3xxx series of accelerators, but the “entrepreneurs” experimenting with the Radeon 5700 series have the prospect of generous profits, up to $ 123 / month per copy of the RX 5700XT range. Assuming that the cryptocurrency market will not suffer a new crash in the near future, the investment in creating new virtual farms could be amortized in a few months, the business making a profit by the end of the year.

However, before putting their savings in search of a quick profit, second-hand entrepreneurs should consider the history of extreme volatility of Bitcoin quotes, and implicitly of other cryptocurrencies. Although, in the case of Ethereum, the $ 500 price is a performance that has not been reached since 2018, it is still too early to say whether or not the upward trend is sustainable in the long run.

Especially in the current context of the global economy, the risk for cryptocurrency investors is at its highest. Rather, the gain is on the part of investors who have already bought cryptocurrencies at better prices, or miners who have patiently waited to sell at a profit what they initially produced at a loss.

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