After several years of downturn, not only the stock market has skyrocketed this year, but cryptocurrencies have also skyrocketed. Bitcoin has even reached new highs, so the topic of mining has become hot again. However, unlike in the past, what miners are grabbing now is not GPU graphics cards, but CPU processors. Recently, AMD Ryzen 9 7950X processors have been out of stock in various countries, and Taiwan is no exception, because some people have discovered that AMD Ryzen 9 7950X is used to mine Qubic (QBIC) cryptocurrency is very efficient.
The new favorite of cryptocurrency mining! No more GPUs, miners are snapping up AMD Ryzen 9 7950X processors
A few days ago, MEGAsizeGPU, a well-known whistleblower, first discovered on X (Twitter) that AMD Ryzen 9 7950X had an abnormal inventory situation. It could not be purchased no matter which channel it was. At that time, he asked everyone what happened? Any special needs? Or is it about to be discontinued? Earlier he discovered the main reason: AMD Ryzen 9 7950X is Qubic’s most powerful mining processor:
https://twitter.com/Zed__Wang/status/1767629718696988812
Most people may not be familiar with Qubic. Its full name is Quantum Universal Basic Income Coin, a cryptocurrency built on the Stellar blockchain infrastructure. It is a dual-purpose token that empowers users and promotes ecosystem growth through a sustainable reward mechanism.
According to the price tracking trend of CoinMarketcap, it can be seen that in early February this year, the price of Qubic was NT$0.00006852. By mid-March, it had risen to NT$0.00029, an increase of several times. Looking back one year, it has already increased by 263.35%, which is higher than Bitcoin and Ethereum in terms of increase. This shows that it is very hot:
From the estimates on the Profit mine website, you can see that using Ryzen 9 7590X will bring you about $3 per 24 hours. The cost of electricity has been deducted here, so it is pure profit, which is much higher than other cryptocurrencies:
Although the revenue of NVIDIA GeForce RTX 4090 is still much higher, it is only twice as much. Look at the price of this graphics card, and then compare it with Ryzen 9 7590X. There is no doubt that the CP value of Ryzen 9 7590X is much higher:
US$3 per day is only US$90 per month, which is not a lot of money. The construction cost of Ryzen 9 7590X mining equipment is much less than using high-end graphics cards. Therefore, it is conceivable that many large mining companies will build a large number of Ryzen 9 7590X mining equipment to increase profits, which has also led to global shortages.
The good news is that players don’t have to worry too much. At most, this processor is out of stock and cannot be purchased. Others will not be affected, so as long as you don’t buy Ryzen 9 7590X, there should be no problem.
However, one thing worth noting is that MEGAsizeGPU is very close to sharing a new round of GPU mining, and the shipments of 4060 and 4060Ti in China have been significantly reduced:
https://twitter.com/Zed__Wang/status/1767629021683355701
Source: KOCPC Chinese