Companies such as Advanced Micro Devices and Nvidia can lower the prices of their graphics processing units (GPUs) in order to sell off any leftover inventory.
Quantity shortages were observed in a multitude of various areas as a result of the worldwtoc, and the cryptocurrency market has been buying up the limited supply of GPUs in bulk, while scalpers have been selling them second-hand at exorbitant prices.
This has just made getting a new GPU more complex and expensive than it was before. However, AMD and Nvidia are said to be considering lowering their prices next month, according to a report published on August 28 by the Taiwan Economic Daily.
“Huang Renxun, CEO of Nvidia, publicly said that there was an overstock problem, was selling at a reduced price, and there was pressure to cooperate in the operation of Taiwan factories,” Xiao Junhui reported.
At the same time MyDrivers added:
“Graphics card manufacturers will launch a new wave of price reductions from September, mainly NVIDIA and AMD products, and the price reduction will be much stronger than before, which can better relieve cost pressure.”
Due to the rising cost of living, many people are now facing high electricity and heating bills; Therefore, purchasing new computer hardware is not a high priority, especially considering that doing so simply leads to increased power costs.
In a perhaps significant development, the crypto market crash has resulted in an oversupply of used GPUs in the secondary market. Due to the transition period that Ethereum (ETH) mining is currently going through, it is anticipated that this pattern will also persist throughout September.
One of the arguments against the cryptocurrency market is that the mining process consumes too much energy. The current Ethereum mining method will gradually phase out the use of graphics processing units (GPUs) in the Unified upgrade, which will see it transition from a Proof-of-Work (PoW) to Proof-of-Stake (PoS).
This could mean that cryptocurrency miners will suddenly be stuck with expensive technology they don’t use. It remains to be seen whether a new price cut taking effect in September will tip the scales in both directions for the aforementioned companies.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
CoinCu News
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AMD And Nvidia May Reduce GPU Prices In September
Companies such as Advanced Micro Devices and Nvidia can lower the prices of their graphics processing units (GPUs) in order to sell off any leftover inventory.
Quantity shortages were observed in a multitude of various areas as a result of the worldwtoc, and the cryptocurrency market has been buying up the limited supply of GPUs in bulk, while scalpers have been selling them second-hand at exorbitant prices.
This has just made getting a new GPU more complex and expensive than it was before. However, AMD and Nvidia are said to be considering lowering their prices next month, according to a report published on August 28 by the Taiwan Economic Daily.
“Huang Renxun, CEO of Nvidia, publicly said that there was an overstock problem, was selling at a reduced price, and there was pressure to cooperate in the operation of Taiwan factories,” Xiao Junhui reported.
At the same time MyDrivers added:
“Graphics card manufacturers will launch a new wave of price reductions from September, mainly NVIDIA and AMD products, and the price reduction will be much stronger than before, which can better relieve cost pressure.”
Due to the rising cost of living, many people are now facing high electricity and heating bills; Therefore, purchasing new computer hardware is not a high priority, especially considering that doing so simply leads to increased power costs.
In a perhaps significant development, the crypto market crash has resulted in an oversupply of used GPUs in the secondary market. Due to the transition period that Ethereum (ETH) mining is currently going through, it is anticipated that this pattern will also persist throughout September.
One of the arguments against the cryptocurrency market is that the mining process consumes too much energy. The current Ethereum mining method will gradually phase out the use of graphics processing units (GPUs) in the Unified upgrade, which will see it transition from a Proof-of-Work (PoW) to Proof-of-Stake (PoS).
This could mean that cryptocurrency miners will suddenly be stuck with expensive technology they don’t use. It remains to be seen whether a new price cut taking effect in September will tip the scales in both directions for the aforementioned companies.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Harold
CoinCu News
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