Anyone that was in the market for a GPU in the period from 2020 to 2022 would remember the ridiculous prices caused by demand from miners. Among other reasons related to the pandemic, GPUs were particularly strong at Ethereum mining, leading to shortages of graphics cards. Thankfully that came to an end in September 2022, but now that we're well into 2024, are we seeing a new mining crunch? This one's in the form of CPUs, specifically, the AMD Ryzen variety.
An analysis by Wccftech looks at the mining profitability of several proof of work (PoW) coins that perform best on CPUs. Mining profitability has surged on the back of Bitcoin's new all-time highs. That tends to have a flow-on effect into the alt-coin market. Even if some of these coins are basically garbage, there's money to be made, and that means demand for PC hardware is rising.
