Mining through video card is no longer profitable
Large companies have begun to appreciate the low profitability that this activity is generating for lovers of cryptocurrencies
The market for cryptocurrency mining through video cards is showing a deceleration that is affecting the purchase and sale in the markets.
This is not the first time that a firm or company realizes the existence of this setback. In August this year, the Nvidia brand showed concern regarding the severe decline in the profitability of manufacturing GPU mining equipment.
The situation persists. In this regard, the Susquehanna semiconductor analyst Christopher Rolland stated in a recent CNBC publication that revenues related to the company’s cryptography will remain “close to zero” in the third quarter of 2018.
Since the beginning of this new “bear market” different mining groups began to leave the ecosystem due to all the consequences that this brought. Also the miners still in the sector began to desist in their efforts because of the little margin of profit.
In this context, the giant of ASIC Bitmains has taken advantage of the mining market even more with its Antminer series, leaving the GPU miners, significantly less efficient than the ASIC miners, as an increasingly neglected atypical value.
K. Tovar
Source: CCN
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