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Bitcoin is not the only one going down. As cryptocurrency continues to lose value, other sectors of the industry are starting to feel its effects.
As Bitcoin and crypto-currencies from around the world skyrocketed last year, a new market was emerging: cryptography. I am sure you know at least one person who has tried to – or dreamed of, – Bitcoin mining. If you were one of those people, you probably considered the technical requirements to pursue such an adventure.
High-End Gaming Processor Cards Record Unprecedented New Highs
As reported by ComputerWorld in April of this year, the NVIDIA GeForce GTX1070, AMD RX480, and AMD RX580 were the most popular processor cards – or GPU (Graphics Processing Unit Cards). At the time of publishing this report, NVIDIA was selling at over $ 700, while it was selling at $ 380.
Cryptographers' search for GPUs increased to such an extent that NVIDIA advised its retailers to prioritize sales to players. rather than minors. However, Advanced Micro Devices (AMD) was the preferred brand of cryptographic encryptors, while stocks last.
Thanks to the cryptocurrency extraction, GPU sales used as additional cards have almost doubled in the last 3 years, from $ 2.7 billion to $ 4.7 billion. According to ComputerWorld, research and consulting firm Gartner estimates that revenues generated by data center-installed GPUs have increased sharply from $ 168 million in 2015 to $ 1.1 billion today. Overall, GPU sales increased from $ 3.82 billion in 2015 to $ 6.45 billion this year.
The trend has been reversed, the supply is increasing and prices are falling
If you think about it for a while, now it may be your chance. Just like cryptocurrences, the value of GPUs has declined rapidly. According to Jon Peddie Research, more than three million GPUs worth $ 776 million have been sold to cryptographers in 2017, with AMD leading the way. Jon Peddie said, "We anticipate a decline in demand from miners as margins decline in response to rising utility costs and the forces of supply and demand."
Two examples: NVIDIA GeForce GTX 1080 Founders Edition and AMD -end OEM 4GB RX 580 six-pack. These have been valued at $ 1,050 and $ 3,600, respectively, but have since decreased to $ 709 and $ 2,500. A considerable change, given what happened not so long ago.
While cryptocurrencies continue on this path of inadequacy, it can be expected that other sectors of the industry will show similar signs of devaluation. As recently as yesterday, CCN reported that Coinbase has gone from being the best app in the Apple App Store to falling to the bottom. Now, GPU sales are also affected. What do you think will be the next?
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