Rise in mining-focused graphics-card sales in Russia

Russian retailers and distributors have reported a rise in sales of graphics cards that can be used for mining cryptocurrencies.

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A spokesman for Marvel-Distribution, Andrey Kirichevsky, told Kommersant that demand for graphics cards has been rising since the start of August.

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In the Citilink store network, sales of graphics cards capable of being used for mining rose by 49% in monetary terms.

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NVIDIA reported a doubling of sales compared with the same period last year. The company linked this to the appearance of new games and applications that require upgraded devices.

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Overall, PC component sales rose significantly over the summer, market participants said.

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However, despite the current surge in sales, experts expect that the growth for the full year 2020 will not be significant.

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According to data from analysts, bitcoin miners’ revenues in August reached more than $368.3 million, up 23% from the previous month.

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