Morgan Stanley: GPU mining sales will fall in 2018

Joseph Moore, analyst at Morgan Stanley published a report with a forecast for 2018: GPU manufacturers can lose up to 50% of sales revenue
15 November 2017   1189

Analyst of American banking holding Morgan Stanley Joseph Moore published a report with a forecast for 2018 on the decline in sales of video cards, which could adversely affect the financial performance of AMD and Nvidia. This is reported by CoinDesk.

Among the factors contributing to the drop in revenue from the sale of powerful videocards, the analyst pays attention to a decline in the overall block reward on the ethereum network, from 5 to 3 ETH. In general, Moore is confident that in the corresponding segment the largest manufacturers of videocards can lose up to 50% of sales revenue.

We believe that total graphics sales for ethereum mining in 2017 will be $800 [million] or so, and will decline by 50% in 2018; we can validate the 2017 number by looking at the increased complexity of the algorithm. Unless ethereum prices rally, downside variance to our 2018 forecast is more likely than upside.

Joseph Moore

Analyst, Morgan Stanley

Two weeks ago, Joseph Moore published a AMD video cards sales forecast, reducing his value from "neutral" to "negative". According to the analyst, despite the fact that the company managed to get super profit for some time due to the avalanche demand for video cards for mining, this trend is unlikely to continue in the future.

FCC Demanded a Miner to Turn Off his Mining Hardware

The FCC concluded that the mining rig was generating spurious emissions and causing harmful interference on T-Mobile’s broadband network
21 February 2018   58

According to the U.S. Federal Communications Commission (FCC) notification, it has received a complaint from T-Mobile with regards to “interference to its 700 MHz LTE network in Brooklyn, New York” during last year. The commission’s agents confirmed that the “radio emissions in the 700 MHz band were emanating from…an antminer s5 bitcoin miner.”

In the notification, the FCC states that ‘the device was generating spurious emissions on frequencies assigned to T-Mobile’s broadband network and causing harmful interference”.

The commission issued a warning to the owner of the mining hardware Victor Rosario. He was not allowed to continue the operation of the device because it caused harmful interference. A violation of the Federal laws cited above and could subject the operator to severe penalties, including, but not limited to, substantial monetary fines, in rem arrest action to seize the offending radio equipment, and criminal sanctions including imprisonment.

According to the FCC, it has not made a determination as to whether or not other Antminer S5s produce disruptive emissions in the 700 MHz band. It also emphasizes that it does not wish to suggest that all Antminer S5 devices are noncompliant but it aware that devices can be modified in a manner that creates harmful interference.