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For this month of July, a 20% drop in the cost of video cards (GPUs) used for cryptocurrency extraction is expected.
The information was posted on the Digitimes portal and adds that, Given the current stagnation of demand for this type of equipment, it is very likely that suppliers will reduce their prices in an attempt to reduce their stocks.
It is explained that in general, the demand for equipment has decreased. due to the recall of small and medium enterprises engaged in the extraction of cryptocurrency . This is a consequence of the decline in the crypto-active market up to 2018, after an unprecedented rise in the price of the most recognized cryptocurrency at the end of 2017.
Another reason for the demand reduction of video cards is in the emergence of a diversified range of specialized ASIC mining equipment, which this year began to proliferate in the market. At present, you can see ASIC miners for cryptocurrency algorithms such as Ether (ETH), Decred (DCR) and Siacoin (SC), among others, which are normally exploited with GPU; but the power of the operation of a dedicated team is greater, because it is built for this purpose alone.
The companies that manufacture chips and video cards for the Nvidia and Gigabyte computers, respectively, made a statement on this subject. a possible decrease in demand, especially for this second half of the year
In this sense, Gigabyte announced a few days ago that it was lowering its selling price by 10% and that it was not. it will focus on the promotion of graphics cards for video game devices in the second half of 2018. Actions taken by the company to counter the 20% reduction in orders made in the second quarter of this year.
For its part, Nvidia, despite S & H's indicated in May that in the first quarter of 2018 it had obtained revenues in the order of $ 289 million, thanks to the request of GPU by miners, also predicts a possible fall of about two-thirds of sales related to cryptocurrency mining for this second half of the year [19659002] It should be noted that, although Bitcoin stopped mining with GPU long ago (due to network processing requirements), graphics cards are used for the extraction of many altcoins, such as ether (ETH), monero (XMR), zcash (ZEC), and so on. This made their acquisition very profitable, to the point that not only were the prices that doubled their market price, but it was almost impossible to get them in physical stores or online.
However, this situation began to change. So, for example, an AMD RX 570 is currently in the range of $ 270 in virtual stores such as Amazon, while at the beginning of the year it was trading at around 500 dollars. An Nvidia GTX 1060 is at around $ 300 and a 1080 GTX at around $ 600.
Previously, this decline in the demand for mining equipment, particularly graphics cards, had already been anticipated; since March of the current year, a report published on this subject reflects the decline in the sale of GPUs. In the same month, AMD warned that, given the stringent rules that had been in place regarding the use of cryptocurrencies, the demand for video cards by minors could be reduced.
Image brought by: andrewsht / stock.adobe.com
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