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posted by martyb on Friday April 27 2018, @01:59PM   Printer-friendly
from the picks-and-shovels dept.

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.

Bitmain.

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


Original Submission

 
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  • (Score: 0) by Anonymous Coward on Friday April 27 2018, @08:22PM

    by Anonymous Coward on Friday April 27 2018, @08:22PM (#672778)

    I do not think blockchain-based crytocurrencies are a good design for a system for financial transactions. No one should be using anything remotely resembling BitCoin as a currency.

    But VISA is still bad for everyone because they are a single entity with way too much power (okay, they have a few competitors, but it's a very small space). Just because we don't have a better alternative doesn't mean the existing system isn't bad. And people very often participate in systems they do not fully agree with. In this case there's plenty of reasons including the fact that building good financial systems is hard and the existing services have a major advantage of already being used/accepted everywhere.