AMD Radeon graphics processing units (GPUs) used in the production of cryptocurrencies have fallen by about 67% since February. This was announced by the portal CoinTelegraph. He also clarified that, for example, the processor model RX580 can now be bought for only 179.99 dollars, while only in the winter of the current year the cost of GPU devices exceeded 550 dollars.
Thus, against the background of a falling cryptocurrency market, processors have fallen in price by more than 67% in just a few months. The crisis, in which Kryptranok was in a state, provoked a drop in mining income . Some digital asset companies have begun to leave the market.
In Russia, for example, began a massive sale of mining devices. People place ads on the Internet for the sale of equipment and are even willing to reduce the price in order to get rid of it as soon as possible.
The so-called "cryptozyme" provoked a crisis throughout the mining industry. Difficult times came even for such large companies as Nvidia and AMD. In the spring of 2018, AMD CEO Lisa Su (Lisa Su) stated that the company plans to significantly increase the production of mining devices . At the same time, AMD is showing an increased interest in blockchain technologies.
“We believe that the blockchain industry and mining will be about 10% of our income in the first quarter (2018). We feel how people show increased interest in our products. This is a good growth factor, but it is still not dominant, ”the company's general director said in the spring.
However, then there was a collapse in the cost of cryptocurrency, which negatively affected consumer demand for the mining device. Subsequently, Nvidia's shares collapsed in the third quarter to a minimum due to the fall in the financial performance of the electronic giant.
According to experts, if kryptranok next year does not show a significant increase, the cost of the GPU will continue to fall. According to the TOP-100 cryptocurrency, now Bitcoin is trading at a level above 4 thousand dollars, but the risks of its fall still remain.
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