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The End Of GPU Cryptocurrency Mining, For Now
#1
https://www.techpowerup.com/246817/the-o...om-heating
Quote:Cryptocurrency prices continue their downward slide making them no longer viable to mine on GPUs. The value of Ethereum has dropped to USD 256, down from its historic high of $1,250 this January. Bitcoin fell to below $6,000 Wednesday, way down from its late-2017 high of $19,000. A 79 percent devaluation isn't the worst of Ethereum's problems. The currency is facing stiff inflation from conversions to other cryptocurrencies or the Dollar. At its peak, ETH held 32 percent of all cryptocurrency market cap, beaten only by BTC at 39 percent. Now ETH only makes 14 percent.
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#2
https://techreport.com/news/34001/nvidia...iscal-2019
Quote:The GPU business made up the vast majority of Nvidia's revenue at $2.66 billion. The company said strong performance in its gaming, professional visualization, and data-center products made up for a "substantial decline" in cryptocurrency sales. Gaming revenue was up 52% from this time last year at $1.8 billion thanks to strong sales of Pascal cards for desktops and Max-Q notebooks. Professional visualization products brought in $281 million, 20% better than a year ago, and data center revenue reached $760 million, up 83% from a year ago. Those data center results came thanks to sales of Volta products like the Tesla V100 and the DGX systems containing them, according to the company.

The company's OEM and IP bucket leaked 54% of the revenue it posted this time last year, down to $116 million, thanks to declines in demand from cryptocurrency miners for the green team's GPUs. The sequential drop of 70% in this line item underscores just how much crypto demand has faltered of late. Nvidia notes that it had predicted crypto-specific demand would be $100 million for this quarter, while actual revenues were $18 million. Furthermore, the company expects no meaningful contributions from cryptocurrency products to revenue for the remainder of its fiscal 2019. If there's a surer sign that enthusiasm for new mining power is dead, I'm not sure we'll find it.
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#3
https://www.extremetech.com/computing/27...e-dried-up
Quote:The price boom of 2017 through early 2018 brought a lot of new miners into the market, and they all needed hardware to generate new coins. Thus, the law of supply and demand took over to wreck GPU prices. You were lucky to see cards selling for less than double MSRP. Now, Nvidia says revenue from selling to crypto miners has dropped substantially to just $18 million. In the first quarter of the year, Nvidia reported $289 million in revenue from “crypto-specific GPUs.”

The company doesn’t foresee another major uptick in mining, either. It projects sales to cryptocurrency miners will remain “negligible” going forward. Nvidia has adjusted its plans to compensate for that, too. It expected crypto would remain a large part of its sales before the bottom dropped out of the market. It had projected about $100 million in crypto-related revenue for the quarter.
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#4
https://www.techpowerup.com/247406/is-th...-on-amazon
Quote:However, now, we're seeing something that wasn't seen for a long time: actual decent pricing in graphics cards. It's still a process, but in that process, this Gigabyte AORUS RX 580 deal at Amazon is the proverbial pin in a haystack.

The Gigabyte AORUS Radeon RX 580 8GB (GV-RX580AORUS-8GD) is available now from Amazon for $209.99 (after a $20 mail-in rebate). If you're in the states and looking for a graphics card that guarantees 1080p performance at max settings, or a decent 1440p experience with somewhat reduced IQ, this could be the graphics card for you - and judging by its Best Seller status, it may very well be the same for many other customers. And for now, there's even stock - how about that. If you're shopping from outside the states and still find this deal mesmerizing (here in Portugal a similar graphics card would go for $410 so... yeah. Take the deal). Here's hoping this is a sign of the incoming times, and not just a freak event.
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