Will mining interest continue fall?

According to AMD’s report, sales of video cards, which popular among miners, are continuously falling. Income from sales of such devices in the third quarter turned up much less than in the second.

AMD representatives stressed, that total revenue decreased by 14% compared with the previous quarter, but increased by 12% compared to the same period in 2017. In the July quarterly report, company announced, that sales of graphics cards to miners amounted to only 6% of total revenues. For comparison, in the first quarter this figure was 10%. The company’s revenue from sales of video cards in the third quarter of 2018 didn’t reach the projected $1.7 billion, amounting to $1.65 billion.

sales volumes of AMD video cards in 2018

(sales volumes of AMD video cards in 2018)

The company expects a continued decline interest in GPU devices for the mining of cryptocurrencies. According to AMD experts, this is due to instability in the crypto market. In addition, the decline in popularity of video cards also influenced by proliferation of professional equipment – ASIC miners from Bitmain.

It’s worth noting, that AMD employees predicted a similar trend in April 2018.

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