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Possible End in Sight Seen for Cryptocurrency-Driven GPU Demand

Accepted submission by takyon at 2018-04-27 05:53:17
Techonomics

Shipments of GPUs are being slowed down or suspended [digitimes.com] 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 [wikipedia.org].

Previously: AMD GPU Supply Exhausted By Cryptocurrency Mining, AIBs Now Directly Advertising To Miners [soylentnews.org]
Cryptocoin GPU Bubble? [soylentnews.org]
Ethereum Mining Craze Leads to GPU Shortages [soylentnews.org]
Used GPUs Flood the Market as Ethereum's Price Crashes Below $150 [soylentnews.org]
Cryptocurrency Mining Wipes Out Vega 64 Stock [soylentnews.org]
GPU Cryptomining Hurting SETI and Other Astronomy Projects [soylentnews.org]

Related: AMD Profits in Q3 2017 [soylentnews.org]


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