HOME INVEST MINING BEAR MARKET CAUSES PRICE DROP AT GPUS
According to a recent report by the international online magazine Computerworld sind in the recent past, prices for special graphics processors (GPUs) for cryptomining have fallen to the same extent as on the digital market. At the end of 2017 and the beginning of 2018, the costs for cryptomining increased significantly. Since the markets have plunged into a downward phase, the trend seems to have reversed.
As reported by BTC-ECHO, in the first quarter of 2018 Nvidia Corp. reported significantly higher than expected revenues in the cryptographic market. The amount of money the chip manufacturer had received for mining chips was probably 289 million US dollars. For the second quarter, however, the company had already assumed lower revenues at that time.
In particular, the news spy prices of AIBs (all-in-board graphics cards) have fallen
According to the latest report, the news spy prices for AIBs (All-In-Board Graphics Cards) have fallen, while deliveries have risen in the wake of the weakening crypto currency exchange rates. Experts like Jon Peddie Research’s Robert Dow told Computerworld that they had predicted the price slide. They add about the news spy:
“The costs of operating the mining rigs are not insignificant. And when currency prices come under pressure […], people will run the rigs and look for cheap AIBs on the secondary market hoping to save costs.”
According to a survey by Jon Peddie Research, cryptomines bought over three million AIBs worth $776 million in 2017. Most of them came from AMD, the manufacturer of semiconductors and microprocessors. At the turn of the year 2017/18, many high-end cards were sold out due to the immense price increases.
According to Computerworld, AMD’s OEM 4GB RX 580 six-packs were sold out in April of this year at a price of $3,600, compared to $2,500 today. The Nvidia GeForce GTX 1080 Founders Edition, 8GB GDDR5X PCI Express 3.0 graphics card was also sold out at prices of 1,050 US dollars, now the article is available again for 709 US dollars. Robert Dow comments the change so:
“We also believe that AMD and Nvidia had built up large inventories. This will have increased the effect. Before the price increase from AIB purchases for mining, the cost of AIBs was almost constant to slightly declining. The trend could continue until a new generation of graphics cards comes onto the market.”
New Mining Hardware for the Bitcoin secret Announced
The current price slide had not prevented producers from developing new types of mining hardware as in this review. Only in May of this year, the US company ASUS announced the release of the second generation of its Bitcoin secret cryptomining motherboard, which is scheduled to be available in stores at the beginning of the third quarter of 2018.
The Chinese technology giant Bitmain had announced the market launch of the Ethash ASIC Miner in April, which is being promoted as the “world’s strongest and most efficient Ethash ASIC Miner”. Bitmain outperformed US manufacturer Nvidia in total sales in 2017. The reported turnover was three to four billion US dollars. Bitmain controls 70 to 80 percent of the market share in BTC mining and ASICs.