Slavonians are Biggest Croatian Crypto-Miners

Lauren Simmonds

Slavonia is becoming the home of a rather different type of miner…

As Poslovni Dnevnik writes on the 29th of January, 2018, in most cases, mining graphics cards, which range from 500 to 1000 euro a piece, are sold out quickly. The biggest demand for this equipment is in Osijek and Vinkovci.

Slavonians have been somewhat transformed into modern miners, but instead of digging for gold, silver or copper, they mine crypto-currency ​​such as Bitcoin and Ethereum, and they’re most active right here in Croatia. Marko Lekić, deputy director of HG Spot says that the wave of interest in ”mining” crypto-currencies started at the beginning of last year.

Duplicate sales

“The biggest demand for crypto-mining equipment is in Slavonia, Dalmatia and the rest of Croatia recorded a lot less interest, while in Osijek and Vinkovci, the sales of graphics cards doubled when compared to the year before, and there lies the highest demand,” stated Lekić.

”We also found an offer of specialised crypto-currency mining graphics cards in Instar Informatics, Links, UZI Shop and other domestic IT stores. Except the traders themselves are not particularly talked about, in most cases all such cards, and they cost from five hundred to one thousand euro, or are sold out, or, as we know, they sell off on the very same day that they come to the warehouse. Lekić says that crypto-currency mining has been the most prominent trend in PC equipment sales over the past year.

“We were thinking of offering specialised mining tools from multiple graphics cards, but I’m not sure if we’ll be able to do that because the demand for the cards is so great that we end up selling them on the same day as they come from the manufacturer,” stated Lekić. He explained that this is a reflection of the global trend, as well as the growing demand for crypto-currency, which, unlike other currencies, can be mined. This is because crypto-currencies are not issued like the kuna or the euro, but they’re ”revealed” through the solving of complex mathematical tasks.

IT equipment shortage

In the case of HG Spot, the lack of graphics cards is accompanied by a shortage of various other pieces of IT equipment, and for some time on the market, it wasn’t even possible to be able to purchase 1000 watts of power. “We’re also expecting a shortage of motherboards which support mining equipment,” concluded Lekić.


Subscribe to our newsletter

the fields marked with * are required
Email: *
First name:
Last name:
Gender: Male Female
Please don't insert text in the box below!

Leave a Comment