GPUs Price May Drop by 20%

Mining popularity decrease may hit hard on the GPUs prices
03 July 2018   646

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.

Huobi to Issue Loans for Miners

This is the part of services that will be available for russian clients of the crypto exchange
19 November 2018   57

Huobi, which opened an office with 30 employees in Moscow on November 12, expects to give Russian users access not only to trading functionality, but also something more. This reported by CoinDesk.

As previously reported, a new call center with Russian-language support opens on the basis of the Russian division, which in itself distinguishes Huobi against the background of such exchanges as Binance, OKEx and Bitfinex, which are currently not ready to provide support to users in Russian.

In addition, through the Russian division of Huobi will implement over-the-counter trading (OTC) and listings, as well as provide personal managers for large customers, its head Andrei Grachev said. .

Initially, Huobi’s plans were even more ambitious - the exchange wanted to give users the opportunity to make deposits in Russian rubles, but local experts did not advise it to do so.

They consulted with us a lot, and in the end, I think, we made them feel disappointed. They were interested in providing fiat operations, but we told them it’s impossible.

Vladimir Demin

Head of the Center of Digital Transformations, Russian government-owned development bank Vnesheconombank

Nevertheless, Russian users will be able to buy cryptocurrency for rubles through an over-the-counter service, and then transfer it to their trading accounts, Grachev said. The over-the-counter platform is already functioning, but for the time being it is used by very few users from Russia, so Huobi expects to attract new customers to its proposal with a favorable commission rate.

In addition, Huobi intends to issue loans to miners for the purchase of specialized ASIC equipment and lease premises for their placement. According to Grachev, the service can earn in the first quarter of next year.