The increasing prevalence of cryptocurrency mining caused miners to turn to graphics cards. This situation put the worldwide video card stocks in a difficult situation and upset the gamers. Now, the giant computer manufacturer Asus has made important statements on this issue.
Indicating that it expects desktop computer shipments to decrease by 10%, motherboard and graphics card shipments to decrease by 10-15%, Asus noted in its new statements that the demand for cards by crypto miners is gradually decreasing.
“Decreased demand of crypto miners normalizes the market”
According to the news of The Register, SY Hsu, one of the CEOs of the technology giant, spoke about the company’s first quarter earnings. At the meeting, he made statements that would attract the attention of gamers. The CEO spoke about the drop in demand from crypto miners. Hsu stated that the fact that Ethereum, the second most popular cryptocurrency in the world after Bitcoin, started to move away from GPU-based mining caused this decrease.
Hsu said in his statements, “Decreased demand for cryptocurrency mining in GPU shipments is causing the graphics card market to normalize.” It is stated that this decrease may be due to the recent decrease, albeit small. In addition, it is reported that Ethereum’s shift to the proof-of-stake method based on digital asset ownership instead of the proof-of-work method based on excessive processing power requirement also contributed to this decline.
It is also among the news that existing mining facilities may start selling their hardware to generate cash. It is stated that this may cause cheaper, second-hand graphics cards to enter the market. Of course, considering how hard they work for mining, it can be said that buying these hardware can be a bit risky.
In addition, it is reported that there have been significant developments in the GPU market recently, and that graphics cards have started to appear on the shelves at list prices. In a news we shared with you in the past weeks, we mentioned that video card prices are decreasing in the world. However, when the numbers were examined, it was seen that such a decrease was not experienced in our country due to the increase in the exchange rate, and even the prices increased.
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