During the pandemic, cryptocurrency mining reached its peak, resulting in a massive demand for GPUs, which depleted stock and drove up prices. Cryptocurrency mining had become an easy way to make money by simply leaving the computer running and ensuring everything operated normally. Although it appeared that crypto-mining had died out, it has since resurged. Now that Bitcoin has reached a record high, AMD Ryzen 9 7950X processors are being used to mine Qubic, causing stock shortages in countries like the US.
A few years ago, crypto-mining was so profitable that it was possible to invest thousands of euros in purchasing multiple GPUs and recover their cost in just a few months. This led to an enormous demand as everyone wanted to buy NVIDIA GPUs primarily to earn large amounts of money. GPU mining farms were common not only among businesses but also private individuals.
The AMD Ryzen 9 7950X can generate approximately $3 per day in cryptocurrency mining revenue.
The crypto-mining boom lasted for a couple of years at most, as it was said to be dead by 2022. Even using a powerful RTX 4090 to mine BTC was barely profitable because the cost of electricity offset the profit. However, this has changed since Bitcoin’s value soared to $72,000, with analysts believing that it will increase even more in the coming years.
With the rise in Bitcoin, other currencies like Qubic (QBIC) have also increased in value, surprising miners. By using a CPU like the Ryzen 9 7950X, miners can earn around $3 per day after deducting electricity costs. AMD Ryzen processors are highly efficient, and with undervolt + Curve Optimizer and disabling PBO, they have become very appealing to miners. It was quickly discovered that the Ryzen 9 7950X CPUs are profitable for mining Qubic, and stocks were depleted in record time.
In US stores like Newegg, the AMD Ryzen 9 7950X, which was sold for $594.44, is now out of stock. Other American stores are also running out of this processor, indicating that crypto miners are very interested in this combination. Qubic is mined using a CPU utilizing AVX-512 instructions, where Zen 4 takes advantage due to its 256-bit FPU. With AMD Zen 5, double the performance with AVX-512 is expected, making them great CPUs for mining. Intel has lost this battle since it abandoned AVX-512 with the Core 12 series.
Other processors like the Ryzen 9 7950X3D also work, but mining does not utilize the 3D V-Cache, and this model does not achieve the high frequencies of the base model. For comparison, a Ryzen 9 7950X generates almost twice the income of an RTX 4090 in mining. The latter can earn between $1.7 and $1.9 per day mining PYI and NEX but at a much higher price and power consumption than the CPU.
Prices for the AMD Ryzen 9 7950X in Spain seem slightly affected by mining. While some stores have it out of stock, it is still available in many others at a reasonable price. On Amazon, it is priced at 543 euros, but cheaper alternatives include Neobyte and Red Computer, both selling it for 514.90 euros.
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