Crypto miners are buying up all the Ryzen 9 7950X stock

We've seen plenty of PC hardware supply issues in recent years, in part due to crypto mining farms buying up large portions of available stock. This problem has resurfaced in 2024, but miners aren't buying up all the GPUs this time, instead their attention has turned to the Ryzen 9 7950X, which is currently flying off of shelves. 

As spotted by MEGAsizeGPU (via VideoCardz), crypto enthusiasts mining up the Qubic coin have discovered that the Ryzen 9 7950X is exceptionally good at it, all while consuming less than 100W of power. Compared to high-end GPUs, the Ryzen 9 7950X is more accessible in terms of pricing and as a result, is viewed as the ‘right' purchase for those looking to quickly generate profits.

Now I understand, 7950X is the king in Qubic mining. https://t.co/r8Uo79B6C6

— MEGAsizeGPU (@Zed__Wang) March 12, 2024

Mining Qubic, the Ryzen 9 7950X generates around $3 of profit daily. As such, it would only need around half a year to pay for itself (CPU only). This is more than triple the revenue from GPU-based mining, making CPU-based rigs more attractive.

If you're wondering what makes the Ryzen 9 7950X so special, it's pretty simple — AVX512 support. Unlike Intel's mainstream processors, which have not supported the instruction set since Alder Lake, AMD hasn't removed support for the latest AVX instruction set from its consumer-grade CPUs. It's believed that Zen 5 CPUs will also support AVX512, meaning the next generation of AMD CPUs could be even better than the Ryzen 7950X for mining.

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KitGuru says: Even if AMD doesn't remove AVX512 support from Zen 5 CPUs, miners will likely prefer the non-X3D CPUs, as AMD's 3D V-Cache equipped chips are more expensive and likely won't bring much benefit for crypto mining. So if all goes well and AMD has enough stock of both, we may see both the gaming and mining sides of the market satisfied. 

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