Wednesday April 25, 2018

Is the Mining Craze Over for Now

This is music to the gamers' ears. "Taiwan graphic card makers to see shipments plunge 40% in April," as reported by DigiTimes. It looks as though mining has finally hit the wall for a bit in terms of driving the market to crazy prices that many of us simply cannot afford. MSRP GPUs are a benefit to the entire DIY PC industry. Why build a new gaming system if you have to put an old video card in it? I think this deserves a Navin Johnson reference, but I already rolled that one out last week.

News Image

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.

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.