Falling prices of digital currencies have finally started to take a toll on the GPU industry. Per a report in DigiTimes, plummeting crypto values will have a knock-on effect on GPU costs, which are expected to drop by 20 percent this July. The fall can also be attributed to manufacturers that likely overestimated the demand and are now getting rid of their stock.

As the prices of digital currencies have fallen steeply once again, a “cryptocurrency mining chill” has taken over the market. Mining for Bitcoins and other currencies is a power-intensive process. Thus, for example, China, once the hotspot of mining activities, is drawing all the players away from its land.

Following slumping prices and regulatory pressures, the demand for graphics cards is also falling rapidly. The news could be traumatic for the crypto industry, but gamers are happy that the chips will finally be available at regular prices. It could also present an excellent opportunity for those looking to create a new rig.

Nvidia reportedly produced and shipped excess stock of the cards recently. The company is delaying the launch of its next-generation cards because it overestimated demand by mining rigs. Now it has a surplus of current-gen GTX 1080 chips, which should be sold off before the launch of their new range.

The sale of ASIC chips used by dedicated mining rigs is also falling, owing to lower profitability in the mining business. The revenues of Taiwan Semiconductor Manufacturing Company (TSMC) and Global Unichip, its IC design service partner, could fall throughout 2018. Note that TSMC’s 12nm and 7nm processes are used in the next-gen GPUs by Nvidia.

A 20% Crash in GPU Prices Imminent After Falling Crypto Valuation was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

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