Overclock.net banner

[Quartz]Cryptocurrency mining is now so big it’s showing up in the earnings of the world’s largest chipmaker

20K views 212 replies 75 participants last post by  ZealotKi11er 
#1 ·
Quote:
Cryptocurrency miners are now influencing the fortunes of the world's biggest chipmaker. Taiwan Semiconductor Manufacturing Company (TSMC) is responsible for over half of the world's market for chips, and it's the world's largest contract manufacturer. Today it reported revenues (pdf) driven by demand from cryptocurrency miners for the second consecutive quarter.

TSMC management were cagey about the exact contribution from crypto miners in the fourth quarter, declining to give specifics when questioned by investors. But its chief financial officer, Lorna Ho named "continuing demand for cryptocurrency mining" as one of two growth factors for the quarter, major mobile product launches being the other. In the previous reporting period, co-chief executive officer Mark Liu told investors that it received $350 to $400 million in revenue from crypto miners.
SOURCE

https://twitter.com/jwangARK/status/954429531678543872
 
See less See more
1
  • Rep+
Reactions: sumitlian
#3 ·
I am very glad that I had GPUs before this wave of miners hit. I am even more glad that I have AIO cooled cards with good VRM cooling.

I am even more glad that my cards are able to make so much "money" so efficiently and that there are a bunch of people willing to buy what amounts to used electricity while I'm at work, and that it happened in the dead of winter.

It is unfortunate that this is killing the market stone dead, as I know a few people that wanted to upgrade, but the good news is I guess they can use their current cards to help pay for new ones when it inevitably "crashes" again.
 
#7 ·
If Bitmain is buying them, that means they aren't going into graphics cards.
 
#11 ·
Quote:
Originally Posted by Pro3ootector View Post

In Poland there is a single RX 570 card in few selected stores in whole country, RX Vega is impossible to get at all.
Quote:
Originally Posted by 0451 View Post

How much does it cost? When I was in Krakow, food was cheap but electronics were about 30% more expensive than in the US.
checked local pc store in slovakia. every amd card above 120eur sold out. every nvidia card above 150eur sold out. checked out a large store HQd in czechia. same situation with barely few dozen cards above said price

its like commie era all over again. everything is sold out

PS: just checked largest second hand internet market in my country. cards are on sale with fixed price and with some surcharge.

no idea how this will end. ram prices are crazy too, gpus are not even in store. terrible. is this permanent or just temporary?
 
#13 ·
Quote:
Originally Posted by BeeDeeEff View Post

If Bitmain is buying them, that means they aren't going into graphics cards.
DING! DING! DING!

we have a WINNER!

let's just hope mining buys TSMC another factory.
tongue.gif
 
#18 ·
Quote:
Originally Posted by charlesquik View Post

Well I can understand the rush.

I'm mining 150$ usd of etherium per month with my r290. (I dont pay electricity in my apartment)

So i can't imagine how a 6 cards vega setup can make per month.
My 1080tis are on track to get north of 350/mo with just $30 in electric bill (16 hours a day). A well tuned 6-card Vega is a solid part time job, AFTER electric bill.
 
#19 ·
Quote:
Originally Posted by TFL Replica View Post

This is slowly killing PC gaming. The GPU vendors don't seem to care as long as they sell their products.
They supply the demand; it hardly matters where that demand is coming from, unless it looks like it won't be sustainable...but as these are mutli-function commodity parts, they can always be used for something.
 
#165 ·
Its getting ridiculous. I hope crypto crashes like Wall Street in The Great Depression.
Except Wall Street is still here and so is crypto mining so get used to it. This isn't going away anytime soon but like I said, in an another thread, these people are making record profit and they are not going to budge. I guess this maybe a time to push integraded graphics gaming lol :p
 
#21 ·
Quote:
Originally Posted by Omega X View Post

Its getting ridiculous. I hope crypto crashes like Wall Street in The Great Depression.
Would only be a temporary reprieve.

Increased demand is going to be long lived, and without a commensurate increase in supply, prices will stay inflated.
 
#24 ·
Quote:
Originally Posted by revro View Post

well the transaction fee got steam to leave bitcoin payments, so maybe if it continues, it becomes not tangible for trading
Bitcoin is one crypto among thousands (though not all are proof-of-work based) and no one is using consumer hardware to mine Bitcoin.

Bitcoin could vanish from the face of the Earth tomorrow and it would be a mild speed bump...that would likely spawn further increases in demand as more technically meritorious cryptos were able to fill the vacuum.
 
#25 ·
What really concerns me is that there won't be a PC gaming market in the future.

I'm not in the market to build a gaming PC now as I'm saving up for a build in 2019, but if this trend continues then there won't be a PC gaming market to sell to. It's not a matter of "game later", it's more of a matter of "never game again on a PC"...

Hope everybody here likes gaming on consoles...
 
#26 ·
You can mine on consoles just the same, install Linux and mine away, they have GPUs similar to RX 580. Consoles have been ripped and used by computing as cheap replacement of PCs, their controllers used by army because people couldn't figure out the silly controllers army used otherwise, etc. Consoles are no more immune than PC components, they are one and the same these days anyway, a console is a branded PC running x86 and same GPUs.

They are afraid to claim their profit comes from mining because of how volatile that profit is and as a result investors could easily swing any way.
 
This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Top