Newegg offers 20% discount on Black Friday if you pay in crypto

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Newegg decided to curse Black Friday with its latest promotion, which offers a 20% discount when you pay with cryptocurrency through BitPay in UK, Australia, UAE and other countries. The discount will apply to orders over $ 500 (although the promotion is not actually available in the US), with a maximum discount of $ 200. A wide selection of items will be eligible, including processors, graphics cards, hard drives and monitors.

To participate in the promotion, you must use BitPay, a crypto wallet app that includes currencies such as Dogecoin, Bitcoin, and Ethereum. Newegg proudly announced their support for BitPay in 2019, and now they are pushing for its use for the Black Friday season, which is packed with offers this year. The deal is not available in the United States, but in the United Kingdom, Australia, Israel, Kuwait, Saudi Arabia and the United Arab Emirates.

This is not a good look for Newegg. Cryptocurrencies and NFTs have sparked a ton of controversy in the world and in the PC gaming space this year. Besides the fact that proof-of-work cryptocurrencies (which focus on GPU mining) use devastating amounts of energy for the environment that disproportionately affect developing countries (related: playing games). Umurangi Generation), they are also quite volatile. Over the past six months, the price of Bitcoin has fluctuated from $ 30,000 to a more recent high of $ 67,000. Everything from the new Chinese regulations to Elon Musk’s tweet has had a huge impact on the value of cryptocurrencies this year.

Cryptocurrencies are also at the heart of scams, especially with the rise of blockchain and NFT games. A group of anonymous people developing an NFT game based on the Netflix show Squid Game stole $ 3.4 million from investors in the project. $ 2.7 million was stolen from the Evolve Apes NFT game last month. NFT fans call these situations “rugpulls,” a term that describes how often users are defrauded.

As a limited-time promotion (which ends November 29), the Newegg Crypto Agreement encourages you to use a volatile type of currency simply for immediate, fixed savings on a variety of components. But in the long run, these kinds of promotions hurt both the planet and PC gaming in general. Part of the reason Newegg had to implement a lottery system for GPUs is the demand for crypto mining processing. This is one of the reasons you can’t find a 30 Series GPU. With this promotion, Newegg has found a way to capitalize on the Black Friday rush, without worrying about who isn’t. convinced by the credo of cryptography.

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