GPUs Price May Drop by 20%

Mining popularity decrease may hit hard on the GPUs prices
03 July 2018   1677

In July, we should expect a 20% drop in prices for video cards due to a decrease in interest in cryptocurrencies. This is reported by Techradar.

According to representatives of the company DigiTimes, graphics processors producers are seeing a decrease in demand for their goods. The main reason, in their opinion, is that amateur miners have become less likely to buy video cards for their farms, as well as massively sell out graphic processors at a low price due to the rejection of their hobby.

In addition, because the market is oversaturated with cheap video cards, the manufacturers of computer components are in no hurry to release new models due to the current situation.

For example, Nvidia postponed the release of a new generation of video accelerators, as the company has not yet sold the latest graphics processor model.

Note that in June, one of Taiwan's vendors returned Nvidia 300 thousand video cards, which were unclaimed due to falling sales.

DigiTimes also reports that ASIC sales – dedicated mining rigs that the serious miners use rather than simple PCs with multiple graphics cards – are also slumping, unsurprisingly.

$10M Worth Mining Farm to Burn

A video of a fire was published at Twitter, but the company that appear to struggle with a fire hadn't confirmed the news
01 October 2019   135

Equipment at $ 10 million burned out at a large mining farm in China. The total processing power of the bitcoin network fell by 5% - to 82.45 EH / s.

According to preliminary information, the property is owned by Innosilicon.

Some users doubted the veracity of the information, suggesting that the 2014 fire was captured on the video. Their doubts were dispelled by one of the first bitcoin miners Marshal Long.

Innosilicon has not yet confirmed the news.