The Chip Shortage Due to Increased Mining Activity

In the last month, the surge in the Bitcoin price creates an explosion in Bitcoin mining, pushing miners in a new “gold fever” for mining new bitcoins.

This surge has severe impact in the mining equipment market and the demand booming, creating shortages from their distributors. Many companies that design and sell chips seem to be unable to provide new chips in mining equipment manufacturers and mining farms that decide to upgrade their facilities.

The chip shortage has moved the equipment prices at high levels while other OEMs like car manufacturers are also facing issues, as many chips have multiple applications. All of the above show that mining will become an expensive sport and for even less individuals.