Bitcoin, Crypto currency, Blockchain

Drastic decline in sales to manufacturers of Mining Hardware

According to a report by news portal Digitimes, the sales of Mining Hardware is rapidly declining. A variety of manufacturers of GPU components consider therefore, again the Gaming market. Otherwise, the turnover was unstoppable decline.

Digitimes reported of newly emerged Insider information. Accordingly, it should be a sharp drop in sales between April 2017 and March of this year. In addition to the Chinese producers of Mining Hardware such as Bitmain are affected by the crisis, for example, the producers, Asustek, Gigabyte Technology, Micro-Star International (MSI), and TUL, which are all located in Taiwan.

Mining-Hardware Banned and increasing regulatory pressure

As the reason for the decline in sales, the prohibition of trading with crypto-currencies in China and the increasing regulation of Online is called trading places in the far East. In South Korea, and Japan, various Shops had to close because they could not fulfill for reasons of cost, the state guidelines for securing the Online funds to their customers. Also, it should be developed in the meantime for lack of profitability already to the closure of several smaller Mining farms. Namely, the medium can hold up big Mining providers. But these were in the last time, to a lesser extent, to invest money in new Hardware.

Allegedly even leading employees of the chip vendors Nvidia and Intel should have suspected that the sales in the Mining sector would weaken in the second half of 2018. The Taiwanese manufacturer of graphics processors (GPUs) reports that due to the lack of sales of finished components your stock levels dramatically increased. This led to a fall in prices of the just-manufactured Hardware. Various GPU-suppliers could be forced, instead of the crypto back into the Gaming market, the sales to compensate for losses. Gamers are, regardless of the money ready to invest large sums in high-performance graphics cards. And it is exactly this willingness were lacking in the last twelve months in the crypto sector.

Bitmain, Canaan & co.: Artificial intelligence instead of crypto-Mining?

This way, the provider of ready-to-Mining-solutions are not, of course. The Bitmain co-founder Jihan Wu told Fortune magazine that you want to invest in the next years in the field of Artificial intelligence (AI). In the future Bitmain wants to bring several of its own AI products on the market. Thus, the leading Chinese manufacturer would create not only another leg to stand on. You would also be multiplied by the changing Trends of the crypto-currencies independently.

Canaan Inc., the second-largest ASIC manufacturer in the world, addiction is also be in the case of AI-products. The prospectus for the planned IPO of Canaan is full of Hints that the company wants in the future also produce your own AI applications and marketing.

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