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Shipments of GPUs are being slowed down or suspended in light of a slowdown in demand driven by cryptocurrency miners:
Taiwan-based graphics card makers including Gigabyte Technology, Micro-Star International (MSI) and TUL are expected to see their shipments for April plunge over 40% on month, as many clients have suspended taking shipments in response to drastic slowdown in demand for cryptocurrency mining machines, according to industry sources.
Channel distributors and larger mining farm operators have cut orders with makers of mining graphics cards and mining motherboards or asked them to suspend shipments due to the crypto mining craze waning abruptly from the beginning of April, the sources said.
Quite a few mining farm operators have even stopped purchasing graphic cards, as they are awaiting the rollout of Ethereum mining machines by China's Bitmain in the third quarter of 2018. They anticipate mining rewards to pick up gradually in the third quarter, as Bitcoin and Ethereum values may rebound following sharp declines seen in early 2018, the sources indicated.
Previously: AMD GPU Supply Exhausted By Cryptocurrency Mining, AIBs Now Directly Advertising To Miners
Cryptocoin GPU Bubble?
Ethereum Mining Craze Leads to GPU Shortages
Used GPUs Flood the Market as Ethereum's Price Crashes Below $150
Cryptocurrency Mining Wipes Out Vega 64 Stock
GPU Cryptomining Hurting SETI and Other Astronomy Projects
Related: AMD Profits in Q3 2017
(Score: 1) by khallow on Friday April 27 2018, @07:33PM (4 children)
They're doing it by choice. So I'm willing to take their opinion on the value of mining at face value.
(Score: 2) by c0lo on Saturday April 28 2018, @02:11AM (3 children)
"Doing it by choice" doesn't automatically mean is good for society as a whole.
2008 economic crisis, opioid epidemic - all causing actions were done "by choice" and legal.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 1) by khallow on Saturday April 28 2018, @02:38AM (2 children)
Burden of proof is on you to show that there is such harm. Your two examples set the bar pretty high.
(Score: 2) by c0lo on Saturday April 28 2018, @03:00AM (1 child)
Methinks the burden of proof for your position of "doing by choice is always good" is on you.
Without that proof, your choice to take it "at the face value" is just your personal choice and I can't deny you that. Don't expect me to accept it, though.
https://www.youtube.com/watch?v=aoFiw2jMy-0 https://soylentnews.org/~MichaelDavidCrawford
(Score: 1) by khallow on Saturday April 28 2018, @03:50AM
That's not my position. I'm well aware of exceptions (not to mention your examples). We've had several opportunities to discuss the harm of cryptocurrency mining (here [soylentnews.org] and here [soylentnews.org], for example), and the primary complaint seems to be that the miners use electricity and take advantage of stupid electricity subsidies. I don't care much about electricity conservation (we're not running out) and I don't mind the end of electricity subsidies. So far, there just hasn't been much to concern myself with.
And that's where we are. If there is some serious harm from cryptocurrency mining, and I don't think there is, then please enlighten us as to what it is.