Bust Cryptocurrency last month did more than just cut Bitcoin prices with tens of thousands of dollars, it also caused the sinking of GPU demand in China, helped lower the price of graphics cards for all of us.
Council partners Nvidia Asrock reported that he hoped for the sale of his graphics card to continue to grow rapidly this year, according to Digitimes, regardless of what he said demand in China for the latest Nvidia Ampere graphics card and AMD and the graphic decline produced by card prices.
China recently extended the prohibition of cryptomining in the country and has declined by Cryptocurrency in general, directing financial institutions and payment processors in this country to stop processing transactions involving Cryptocurrency.
China accounts for around 65% of the Bitcoin mining capacity of the entire planet, so that the aggressive movement of China in Crypto will have outsized impact on demand for upscale graphics cards needed to mine cryptocurrency.
The impact was needed, such as the beginning of this week, the analysis of the sale of global graphics cards for Q1 2021 showed that as many as 25% of all graphics cards sold in the quarter were sold to the Cryptomer.
Asrock, meanwhile, said this week that his Q1 net profit increased 167% year-to-year, driven by most by sales of graphics cards. Tom hardware notes that this makes Q1 2021 the most beneficial quarter of Asrock, despite poor performance in the motherboard division because of the ongoing semiconductor deficiency.
Graphic card sales are expected to consist of 20% of the company’s sales in Q2 2021, with the sales motherboard generate 50%. The company also reported that he estimated the delivery of AMD graphics cards to take in the second half of the year after AMD made capacity adjustment and an increase in other supply chains.
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While we sincerely hope that the antics of the Bitcoin Elon Musk last month will tear down the price of cryptocurrency and free the stock of graphics cards for something besides making carbon emissions out of mathematics, we honestly do not dare to hope it will happen – and especially this is not this.
Obviously, China’s announcement was recently much more consequential than anything that could be said to be Elon Musk, but we can see the potential of sea changes in Tesla’s attitude towards Bitcoin (at least as far as the availability of graphics cards). If the number and projection of Asrock came out in the months in the months, we really can begin to see some relief from the scarcity of the stock of the middle to top graphics cards we all have survived for almost a year now.
And while the capacity building and the AMD supply chain is good news for those who hope to get a new graphics card some time before the launch of the RTX 4000-Series, we are much more eager to hear about the demand that slumped from Cryptominers.
This week’s report that Cryptomominers bought 700,000 graphics cards in the first three months of this year, it was truly shocking – and there must be some Schadenfreude in knowing that the cards were purchased at the main premium price only before the main Cryptocurrency price. But it’s convenience that is quite cold if you desperately try to get the latest graphics card from Nvidia and AMD.
More than anything, this report tells us that Crypto seriously takes a long time, both for the wider consumer market and for climate health. If Asrock is correct, Cryptomomers do that, and that’s the best news we’ve ever heard in a few months.
