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In one other constructive signal for the GPU market, Asus is noticing that demand for PC graphics cards from cryptocurrency miners is on the decline.
The corporate’s co-CEO SY Hsu made the remark throughout an earnings call(Opens in a new window) on Wednesday when he was requested about how graphics playing cards pricing has been falling in current weeks.
“As a result of the demand for cryptocurrency mining on GPU shipments has been slowly coming down, the demand for graphics playing cards throughout the market is normalizing,” he stated.
In accordance with Hsu, the cryptocurrency neighborhood is dropping curiosity in shopping for graphics playing cards as a result of how Ethereum plans on phasing out GPU-based mining later this 12 months. It’s a pattern he expects different cryptocurrency tasks to observe, citing the necessity to minimize down on power emissions.
Hsu additionally made the remark as the worth of many cryptocurrencies has been plummeting. The worth of Ethereum fell to $1,770 this morning, down from $4,600 again in November. This has prompted some Ethereum miners to say(Opens in a new window) they’re retiring from the market because of the low profitability.
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However though miners are souring on shopping for GPUs, costs for a lot of merchandise may nonetheless stay greater than regular. “As a result of the demand from cryptocurrency is disappearing, it’s made us surprise if the pricing for GPUs may also normalize,” Hsu stated. “In actuality, the demand for gaming continues to be sturdy, so we nonetheless don’t suppose we will essentially meet the entire demand.”
Others have been extra optimistic on pricing for GPUs, citing the improved supplies. Final week, PC accent maker Corsair predicted prices for desktop graphics playing cards will each normalize and even dip under the producer’s steered retail worth within the coming weeks.
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