Graphics Beginners' Guide, Part 2: Graphics Technology

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I am wondering why there is such a thrill among the community for graphics card. I understand that it improves your viewing experience drastically, but at a large expense of your pocket. And new cards come almost every month or may be more often.

Even if you think that you are going to spend all that extra money and go for the best card, its going to be oudated soon. So please help me understand the rationale behind the market and who are all the market.
 
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